economy

Finance Ministry: Meeting with PSA was 'productive'

The Ministry of Finance says the meeting it held with the president of the Public Services Association, Watson Duke about the Revenue Authority, was productive.

The Ministry says workers employed with the Customs and Excise Division and the Inland Revenue Division will enjoy terms that are no less favourable than they currently do, when the Revenue Authority is formed.

The Ministry issued the following statement today:

Republic records net profit of $1.25 billion

Republic Financial Holdings Limited (RFHL) has recorded a net profit attributable to shareholders of $1.25 billion for the year ended September 30, 2017, RFHL said in a statement.

This represents an increase of $69 million (5.8%) over the core profit of $1.18 billion reported for the prior year. 

Compared with the actual reported profit of $946 million for 2016, which was negatively impacted by three significant one-off items, totalling $237 million, the increase is $306 million (32.3%).

Labour Minister urges workers to reject call to stay home Thursday & Friday

The Minister of Labour and Small and Enterprise Development, Jennifer Baptiste-Primus is urging public servants to reject the call by the Public Services Association to stay away from work on Thursday and Friday.

The Minister issued the call via a statement to the media on Wednesday.

DOMA against PSA's call for "holiday" on Thursday & Friday

The Downtown Owners and Merchants Association (DOMA) is speaking out against the call by PSA President Watson Duke for workers of the Board of Inland Revenue and Customs and Excise Division to stay away from work on Thursday and Friday.

DOMA issued the following statement today.

"On behalf of the members of the Downtown Owners and Merchants community we wish to express serious apprehensions regarding the call by the PSA  President for Thursday and Friday to be days of rest for the Board and Inland Revenue and the Customs and Excise Division.

Finance Ministry: Thursday and Friday are normal working days

The Ministry of Finance is telling workers attached to the Inland Revenue Division and the Customs and Excise Division, that Thursday and Friday are normal working days.

This comes in light of a call by the president of the Public Services Association, Watson Duke, for workers of the two divisions to take a holiday on those days.

The Ministry has outlined the conditions for workers to not show up for work.

The following is a statement by the Ministry:

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