Displaying items by tag: Nigel Clarke

Wednesday, 22 March 2023 10:45

PNP slams Clarke for ‘racist utterances’

The People’s National Party (PNP), along with its Youth Organisation (PNPYO), is expressing outrage at the “racial inference” used by Finance Minister Nigel Clarke to characterise the Leader of the Opposition, Mark Golding, in Parliament on Tuesday.

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Fitch Ratings has revised the Rating Outlook on Jamaica's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to Positive from Stable and affirmed the IDRs at 'B+'.

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Wednesday, 15 February 2023 11:18

HISTORIC: Clarke tables trillion-dollar budget

Minister of Finance and the Public Service, Dr Nigel Clarke on Tuesday tabled a trillion-dollar budget in the House of Representatives, the first in Jamaica’s history.

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More questions have arisen about the quality of oversight state regulator, the Financial Services Commission (FSC), gave to the now-fraud-hit Stocks and Securities Limited (SSL) as a 2019 assessment revealed that a string of violations flagged more than two years earlier continued to dog the institution.

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THE Financial Services Commission (FSC) on Wednesday obtained a court order blocking directors of Stocks and Securities Limited (SSL) from taking action to wind up the company that is at the centre of a multi-billion-dollar fraud.

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By Andrew Clunis

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Usain Bolt must feel like Lewis’ Carroll’s enigmatic character Alice, in the much-celebrated tome, Alice in Wonderland, as the SSL saga becomes ‘curiouser and curiouser’.

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Governor of the Bank of Jamaica (BOJ), Richard Byles, is the new Chairman of the Financial Services Commission (FSC).

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By Andrew Clunis

Every good drama needs some great conspiracy theories, right?

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Wednesday, 18 January 2023 14:11

Finance minister angry over alleged fraud at SSL

Finance Minister Dr Nigel Clarke has reacted to the alleged fraud that is unravelling at investment firm Stocks and Securities Limited (SSL), by expressing “shock” and “anger” at the development which he also described as “evil”.

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The Opposition People's National Party is expressing concern about the apparent failure of the Financial Services Commission (FSC) to provide adequate regulatory oversight of companies operating in the non-deposit taking financial services industry.

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