Home Tag "Audley Shaw"

Fitch Ratings Affirms Jamaica’s Economy From “Stable” to “Positive”

Finance Minister Audley Shaw is welcoming a Fitch Ratings agency’s revision of Jamaica’s economy from “stable” to “positive”, indicating that it was confirmation that the country is moving in the right direction. Fitch has affirmed Jamaica’s long-term foreign and local currency Issuer Default Ratings at ‘B’ and revised the outlook from “stable” to “positive”. The […]

Elite Diagnostic’s Jamaica Stock Exchange Listing Brings Value Of Junior Market To JA$121 Billion.

Jamaica Has Been Repositioned In A “Whole New Light” In The Eyes Of Its Creditors.

Finance and Public Service Minister, Audley Shaw, says the Government plans to build on Jamaica’s good standing with its international creditors, as a result of notable improvements in several areas of the economy. Among these are stabilisation of the macroeconomic environment, debt reduction, fiscal discipline, and maintaining inflation within the four to six per cent […]

Elite Diagnostic’s Jamaica Stock Exchange Listing Brings Value Of Junior Market To JA$121 Billion.

FINSAC Report To Be Completed By November, Delayed Due To Volume Of Documents To Be Examined

Minister of Finance and the Public Service, Hon. Audley Shaw, has indicated that the report from the Financial Sector Adjustment Company (FINSAC) Commission of Enquiry into the collapse of the financial sector in the 1990s is expected to be completed by November. The Minister attributed the delay to the volume of documents that had to […]

Elite Diagnostic’s Jamaica Stock Exchange Listing Brings Value Of Junior Market To JA$121 Billion.

Prime Minister, Withdraw All The Additional Taxes That Were Announced By Finance Minister And Go Forward With A Policy Of “Higher Growth And Lower Taxes”. Jain

An Open Letter To Prime Minister Andrew Holness Dear Hon. Prime Minister Re: Additional Tax Package for FY 2017/18 I am concerned about the Budget as presented. It is not a good move for the country .Hence, I feel that it is my duty to write this letter for your kind consideration. I believe that […]

Elite Diagnostic’s Jamaica Stock Exchange Listing Brings Value Of Junior Market To JA$121 Billion.

Reductions In Lending Rates Augur Well For Continued Economic Growth, As Businesses Can Now Access Well-Needed Capital At Affordable Rates.- Shaw

Minister of Finance and the Public Service, Hon. Audley Shaw, says lending rates by Jamaican banks on new loans as at December 2016 were trending down pointing out that interest rates on new loans for large projects are now at 10.23 per cent, compared with 13 per cent in December 2015. “Interest rates on new […]

Elite Diagnostic’s Jamaica Stock Exchange Listing Brings Value Of Junior Market To JA$121 Billion.

Jamaica’s Finance Minister Announces Revenue Measures Amounting To Almost $30 Billion Dollars.

Opening the budget debate yesterday, Finance Minister Audley Shaw announced several measures including taxes on motor vehicle licences, fuel, tobacco and alcoholic beverages and a 16.5 per cent GCT on group health insurance. Effective March 15, Special Consumption Tax (SCT) on fuel will increase from $0.43 to $7.36 per litre with an expected return of […]

Elite Diagnostic’s Jamaica Stock Exchange Listing Brings Value Of Junior Market To JA$121 Billion.