Finance and Planning Minister Dr Peter Phillips said the Government will not be spending irresponsibly in the run-up to general election to benefit constituents in return for their political support."Too often, what has happened over many years is...
Finance and Planning Minister Dr Peter Phillips said the wage target of nine per cent of GDP by fiscal year 2016-17 is in jeopardy and will depend on the settlement reached with public-sector groups which have not yet accepted the Government's offer...
The Jamaican Government and the International Mone-tary Fund (IMF) are having discussions with a view to relaxing some of the targets under the four-year extended fund facility, Mission Chief to Jamaica Dr Uma Ramakrishnan said yesterday.However,...
Kingston Wharves Limited (KWL) generated revenues of $2.15 billion for the six months ended June 2015, a 21 per cent or $374 million increase over the $1.78 billion recorded during the corresponding period of 2014, according to the group's financial...
President and chief executive officer of the Port Authority of Jamaica Professor Gordon Shirley yesterday declared that plans for the development of a transshipment port in the Goat Islands areas of the Portland Bight are not dead.Noting that the...
THE COURT of Appeal has given Karen Thames permission to file a lawsuit against National Irrigation Commission (NIC) for what she alleges to be wrongful termination as the state-owned company's human resources manager and acting company secretary....
Co-chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, is of the view that the private sector has not been investing as much as expected in the economy because businesses remain uncertain about the sustainability of the...
The Jamaican Govern-ment's deal with Venezuela to buy back the debt owed for oil means that it has achieved the debt-to-GDP target of 127 per cent some 20 months ahead of schedule, under the International Monetary Fund agreement.That is according to...
The owner of the popular Clarendon eatery, Fyah Side, has secured an injunction against a businesswoman in Kingston that restrains her from using the trademark.The decision by Court of Appeal Justice Almarie Sinclair-Haynes sets aside the decision...
The agreement reached between the Jamaican Government and Venezuela to buy back the debt owed for oil under the PetroCaribe arrangement will be part of the focus of a team from the International Monetary Fund (IMF), which visits the islandthis week...
Three weeks into a final appellate ruling that sided with a subscriber over a telecoms in a VOIP case, the top two regional players say they are still weighing the judgment, which could potentially colour the type of actions governments take across...
In a new study focusing on reforming the public sector, the Caribbean Policy Research Institute (CaPRI) has suggested that the Government restructure the civil service by focusing on services that will not be provided by the public sector.Public...
The Financial Services Commission (FSC) has delayed its new zero-tolerance policy to breaches of insurance, pension and securities law, which was originally meant to take effect on August 1, to the relief of its licensees.In a letter dated July 23,...
The criteria for determining which entities would be deemed commercial and could be excluded from the coverage of the fiscal rule have now been completed, according to the Ministry of Finance and Planning.The associated regulations have also been...
The Supreme Court has thrown out an application by Columbus Communications, which trades as Flow, to bar Digicel Jamaica from employing former Managing Director Sean Latty for at least nine months.The judge ruled that the restraint clause imposed on...
The Ministry of Finance and Planning has confirmed that the Government has reached an agreement on a deal with Venezuela to repurchase billions of dollars it owed for oil under the PetroCaribe arrangement.In correspondence yesterday afternoon, the...
The rescheduling of local government elections to December 2016 provides a good opportunity for legislators to embark on reforming Jamaica's electoral system, to hold those and general elections together when the term of the incumbent expires.Unless...
Businesses in established traditional sectors will be excluded from operating any of the 16 special economic zones the Government proposes to establish across the island as part of its logistics hub.According to the latest memorandum of economic and...
The government will start sensitisation and education activities for taxpayers and their accountants impacted by the new transfer pricing legislation by July 31, according to a progress report it submitted to the International Monetary Fund (IMF)....
The Court of Appeal has refused to strike out a challenge against a Supreme Court judgment in favour of Digicel Jamaica in a claim brought by electrical engineering contractor Thomas Hamilton and Associates against the telecommunications provider....
The primary surplus target under Jamaica's economic support programme with the International Monetary Fund (IMF) increases significantly to $17 billion for June 2015, but the Economic Programme Oversight Committee (EPOC) is confident that it will be...
Telecommunications provider Digicel Jamaica was correct in refusing to provide call data and subscriber details to the Independent Commission of Investigations (INDECOM) because it did not specify that it was investigating a criminal offence, the...
Car dealership Crichton Automotive Limited (CAL) has been fined $2 million for selling a 2005 car as a 2007 model, even though the court found that the company may have made an honest error.Justice Brian Sykes ruled that while Crichton provided...
Perhaps the greatest measurable impact of the Jamaican dollar's persistent exchange rate depreciation against the United States dollar has been an increase in the public debt, according to the World Bank.Jamaica's debt stock was impacted by...
The success of the Jamaica's multibillion-dollar logistics hub initiative depends on a well-functioning logistics services market, but there are also barriers to competition that need to be removed.That is according to Graciela Miralles, economist...
