PSOJ members to disclose political funding
The Private Sector Organisation of Jamaica (PSOJ) is taking steps to have its members disclose their funding to political parties and candidates.
PSOJ President William Mahfood said the organisation has been in discussions with the Electoral Commission of Jamaica on the disclosure of private-sector contributions.
He said both organisations are to finalise the means through which the members will disclose their contributions.
In the past, GraceKennedy, Scotiabank, Jamaica Money Market Brokers, Sagicor, and the ICD Group declared contributions totalling $69.5 million to the People's National Party and the Jamaica Labour Party.
Last December, Parliament approved legislation regulating campaign financing.
Meanwhile, the PSOJ is welcoming the short campaign period in the run-up to the February 25 national polls.
According to Mahfood, the period between Sunday night's announcement and the February 25 polls would ensure that the process ends quickly, with minimal disruption to business activity.