Caribbean Conference of Accountants to Focus on Climate Change and Natural Disasters

first_img The impact of climate change and natural disasters on the region is among the key topics for discussion during the upcoming 37th Annual Institute of Chartered Accountants of the Caribbean Conference in Jamaica.The event is slated for June 20 to 22 at The Jamaica Pegasus hotel in New Kingston, under the theme ‘Navigating Global Disruption: Creating Opportunities’.It was officially launched by Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, on February 8.Other slated sessions will focus on Caribbean immigration and entrepreneurship, the wellness imperative and a review of the regional implications of the global village of nationalism and populism, among other areas.More than 600 participants, comprising accountants, finance managers, entrepreneurs and accounting professionals across the Caribbean, as well as policymakers in Jamaica are expected to attend the two-day event.Guest speaker will be Co-founder and Chief Executive Officer of CoveyLink Worldwide, Stephen M.R. Covey.The world-renowned speaker is also the author of the New York Times and Wall Street Journal’s best-selling book, ‘The Speed of Trust’.Also slated to speak is Global Strategy Director for Financial and Professional Services Industries, Oracle America, Kimberly Ellison Taylor.Chairperson of the Conference Planning Committee Chair, Gail Moore, said the event will focus on issues relevant to Jamaica’s business environment.“We believe that our diverse range of topics and high-quality speakers will provide remarkable conference experience while also providing excellent opportunities for regional visibility with decision-makers across several business sectors around the region,” she said.Additionally, Miss Moore said the event will offer a “premier networking opportunity with great professional development opportunity and a wonderful time in Kingston, Jamaica”.She indicated that the Conference will also comprise social activities to expose the delegates to Jamaica’s rich cultural offerings.The event will open with a welcome cocktail followed by the President’s Dinner. The impact of climate change and natural disasters on the region is among the key topics for discussion during the upcoming 37th Annual Institute of Chartered Accountants of the Caribbean Conference in Jamaica. It was officially launched by Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, on February 8. Story Highlights The event is slated for June 20 to 22 at The Jamaica Pegasus hotel in New Kingston, under the theme ‘Navigating Global Disruption: Creating Opportunities’. last_img read more

Parents to Receive Critical Support

first_img Parents are to benefit from critical support to improve child-rearing under the Partnership for Improved Safety and Security in Schools project.The project, which aims to reduce violence among students and youth, is being undertaken by the Ministry of Education, Youth and Information through US$3 million in grant funding over two years from the United States Agency for International Development (USAID).The National Education Trust (NET) is the coordinating agency for the initiative.Parenting Coordinator for the project, Latoya Stewart-Singh, said that a media campaign geared towards educating parents in good child-rearing practices will commence shortly.“We want to establish six community-based parent hubs and reactivate 25 school-based parent places. We want to identify and train at least 30 parent mentors per parish. We also want to audit 50 school-based parent places and assist in the reactivation of those places, with specific focus on training parents in good parenting practices as well as entrepreneurial skills,” she noted.She was speaking at a regional parenting stakeholders meeting for Region IV held on Friday (February 16) at the Holiday Inn hotel in Montego Bay.A parent place or hub is a resource centre where parents can access relevant information on parenting and other family-related issues geared towards improving parenting skills and family life.Managing Director of the NET, Marcia Phillips Dawkins, informed that the community of Mount Salem in St. James will be the first beneficiary of a parent place.She indicated that NET is working to set up homework centres in some institutions as well as at youth information centres (YICs) in a number of townships across the island. Another key component of the project, she said, involves working with uniformed groups, to engage young people.The Partnership for Improved Safety and Security in Schools project is targeted at young people aged 10 to 29 years. A total of 981 primary schools and 50 communities across the island will benefit.Among the specific objectives are to reduce violence, antisocial behaviour and critical incidents among youth, engage parents and communities in the behaviour change process, increase student involvement in co-curricular activities in order for them to develop better social and life skills, and promote positive values and attitudes at both school and community levels.The project will also involve construction and repair of perimeter fencing, provision of security monitoring equipment, and increasing the number of security personnel in schools. Parenting Coordinator for the project, Latoya Stewart-Singh, said that a media campaign geared towards educating parents in good child-rearing practices will commence shortly. Parents are to benefit from critical support to improve child-rearing under the Partnership for Improved Safety and Security in Schools project. The project, which aims to reduce violence among students and youth, is being undertaken by the Ministry of Education, Youth and Information through US$3 million in grant funding over two years from the United States Agency for International Development (USAID). Story Highlightslast_img read more

Mining and Quarrying Top-Performing Sector

first_img The Planning Institute of Jamaica (PIOJ) is reporting that mining and quarrying grew by an estimated 25.5 per cent from January to March 2018, to emerge as the top-performing sector over the quarter, compared to the corresponding period last year. The Planning Institute of Jamaica (PIOJ) is reporting that mining and quarrying grew by an estimated 25.5 per cent from January to March 2018, to emerge as the top-performing sector over the quarter, compared to the corresponding period last year.Director General, Dr. Wayne Henry, said the sector’s out-turn, to a large extent, spurred the goods producing industry’s estimated three per cent growth over the review period, which also saw the services industry growing by approximately 0.7 per cent.Dr. Henry was speaking at the PIOJ’s quarterly media briefing at the agency’s New Kingston head office on Tuesday (May 22).He said the mining and quarrying sector’s out-turn resulted from a 28.7 per cent increase in bauxite production. This, he pointed out, reflected higher alumina and crude bauxite production.“Alumina production was 27.1 per cent higher, reflecting the resumption of productive activity at the JISCO-Alpart alumina refinery since October to December 2017. Crude bauxite production grew by 27.7 per cent due to more conducive weather conditions,” he explained.Other sectors under the goods producing industry recording growth were construction, up 1.5 per cent; manufacturing, up one per cent; and agriculture, forestry and fishing, 0.5 per cent.Dr. Henry said growth in the building construction component was due to an increase in residential and non-residential developments, reflecting a 286.6 per cent increase in housing starts by public institutions to 1,527 units, of which the National Housing Trust (NHT) accounted for 1,512 units.Additionally, he said there was an increase in the volume and value of NHT mortgages by 6.2 per cent and 10.9 per cent, respectively.“The estimated growth in the ‘other component’ (of the construction sector) was facilitated by higher capital expenditure recorded by the National Works Agency, which disbursed $3 billion on the construction and rehabilitation of roads, relative to $2.2 billion in the corresponding quarter of 2017; Jamaica Public Service, which disbursed $1.7 billion, relative to $890 million (last year); and the Port Authority of Jamaica, which disbursed $1.1 billion, up from $624.5 million,” the Director General said.Meanwhile, hotels and restaurants, with an estimated 1.6 per cent out-turn, was the dominant sector under the services industry.This out-turn was spurred by a 6.6 per cent increase in arrivals, to 1,298,674 visitors. This was reflected in stopover arrivals, up 6.8 per cent, and cruise passenger arrivals, up 65 per cent.Dr. Henry also indicated that visitor expenditure is estimated to have grown by 8.5 per cent to US$825.3 million.He pointed out that the out-turn for 2017/18 fiscal year growth was estimated at 0.8 per cent, with the goods producing industry recording 0.3 per cent and services, 0.9 per cent.The industries recording the largest growth were mining and quarrying, up 4.7 per cent; hotels and restaurants, up four per cent; construction, 1.2 per cent; and manufacturing, 1.1 per cent.Dr. Henry said the growth prospects for April to June 2018 quarter are “generally positive” based on the anticipated strengthening of the performance of most industries, relative to the similar quarter of 2017.“Baseline economic growth is expected to be in the range of 1.5 per cent to 2.5 per cent,” he indicated. Story Highlights Dr. Henry said growth in the building construction component was due to an increase in residential and non-residential developments, reflecting a 286.6 per cent increase in housing starts by public institutions to 1,527 units, of which the National Housing Trust (NHT) accounted for 1,512 units. Dr. Henry said the growth prospects for April to June 2018 quarter are “generally positive” based on the anticipated strengthening of the performance of most industries, relative to the similar quarter of 2017.last_img read more

Diana Extends Charter Deal with Cargill

first_imgzoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license Greece-based bulker owner Diana Shipping has agreed to extend the present time charter contract with Cargill International for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.As informed, the gross charter rate is USD 16,000 per day for a period of minimum fourteen to maximum seventeen months.The new charter period for the 98,704 dwt ship is expected to commence on July 8, 2018.The Post-Panamax vessel is currently chartered to Cargill at a gross charter rate of USD 10,100 per day.The employment extension of the 2012-built Polymnia is anticipated to generate approximately USD 6.72 million of gross revenue for the minimum scheduled period of the time charter extension, Diana Shipping said.Diana Shipping’s fleet currently consists of 50 dry bulk vessels. As of today, the combined carrying capacity of the company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.86 years.last_img read more

Strengthening AgriTourism Link To Reduce Food Import Bill

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp 10 IMMIGRATION KIOSKS INSTALLED AT SANGSTER INTERNATIONAL AIRPORT Related Items:agri-tourism, food import bill, Hon. Dr. Wykeham McNeill, reduce, Tourism Linkages Hub Facebook Twitter Google+LinkedInPinterestWhatsAppKINGSTON, July 3 (JIS): Tourism and Entertainment Minister, Hon. Dr. Wykeham McNeill, says the strengthening of linkages between tourism and agriculture has the potential to boost both sectors and reduce the country’s food import bill.He said a demand study conducted by the Tourism Linkages Hub, housed in the Ministry, indicates that tourism can potentially generate the “greatest benefits” for farmers and the suppliers of local produce.Dr. McNeill was addressing tourism and agriculture interests at the first in a series of Tourism Linkages Hub stakeholders’ consultations held recently at the Golf View Hotel in Mandeville, Manchester.Noting that the tourism industry is “doing quite well,” welcoming some 3.5 million stopover and cruise ship visitors over the past two years, he said the sector has also attracted “significant levels of investments” with an additional 5,500 hotel rooms earmarked for development over the next three years.Dr. McNeill said the Government is looking to translate the success of the sector to other segments of the society, including the agricultural sector. He argued that by producing food and selling it to the hotels, attractions, and guest houses, the money stays in Jamaica and reduces imports. “That’s what we want to do…that’s how we are going to grow the economy of Jamaica, and that’s how we are going to enrich Jamaicans,” the Minister said.Dr. McNeill said that for the linkage to work, all stakeholders must collaborate to determine the produce needed, and how these will the supplied in terms of volume, quality, cost, and timelines.“I have said to the hub that we are going to put the systems in place. They have done the demand study; I have gone through it… (but) more work needs to be done; we are going to have to drill down even more into this area (agriculture),” Dr. McNeill said.“The opportunities are there; it’s up to us to really push and do it,” he added.In his remarks, Agriculture, Labour and Social Security Minister, Hon. Derrick Kellier, said the agro-tourism linkage is an idea “whose time has come.”He commended Dr. McNeill on his vision to establish the linkages hub, and the focus on increasing the supply of local produce to the tourism market. “Dr. McNeill and his team truly understand that cuisine is, indeed, a major component of the tourism and hospitality industry, and that market, therefore, is an attractive and lucrative one for the agricultural sector,” he noted.Mr. Kellier said a close examination of Jamaica’s high food import bill shows that a large proportion of the products brought in goes to the tourism sector.“We believe, however, that Jamaican produce and our renowned cuisine must be a part of the menu provided in our hotels and resorts. We, therefore, welcome every strategy that will enable us to increase our supply to a market that has come right into our front room,” he stated.Mr. Kellier added that: “Jamaica can only prosper on a sustainable basis when we develop and maintain linkages to ensure that every industry and economic activity allows as many people as possible, to prosper.”Over 50 representatives of public and private sector institutions and interests attended the meeting. Recommended for you Tourism Minister Welcomes Spanish Hotel Chain Melia Jamaica Secures Additional Airline Seats Out Of Europelast_img read more