PIOJ Welcomes 2nd Quarter of Positive Economic Growth

first_imgPIOJ Welcomes 2nd Quarter of Positive Economic Growth Finance & Public ServiceAugust 24, 2011 RelatedPIOJ Welcomes 2nd Quarter of Positive Economic Growth RelatedPIOJ Welcomes 2nd Quarter of Positive Economic Growth FacebookTwitterWhatsAppEmail KINGSTON — The Jamaican economy, fuelled by strong performances in mining and quarrying, hotels and restaurants, agriculture, forestry and fishing, recorded growth of 1.5 percent during the April to June quarter, the second consecutive period of growth of more than one percent. However, while the Planning Institute of Jamaica (PIOJ) is pleased with the out-turn for the quarter, the institute is cautiously optimistic that the growth trajectory of the past two quarters will continue, because of challenges from the downgrading in the US economy and fiscal adjustments expected to the 2011/12 budget. The assessment was delivered by the PIOJ at its quarterly review of the country’s economic performance, at a media briefing at its New Kingston Offices today. Director General, Dr. Gladstone Hutchinson, noted that the growth in real Gross Domestic Product (GDP) reflected the positive out-turn of the goods producing industry, which posted an increase of 5.3 per cent, and the services sector which increased by 0.2 percent. “This represented the first quarterly growth for the Services Industry since October – December 2007,” he noted. Within the goods producing industry, all categories recorded increases, with mining and quarrying registering the largest growth, of up by 30.8 percent. Agriculture, manufacturing and construction grew by 9.0 percent. Nearly all sub-categories of the services industry recorded growth, with hotels and restaurants registering the largest increase of 2.5 per cent, followed by finance and insurance with 0.5 percent and the wholesale and retail trade, which grew by 0.5 percent. Other macro-macroeconomic highlights of the economic performance included the continued moderation of the rate of inflation. For the review period, the rate of inflation was 2.0 percent. The main contributors to the upward price movements were housing, water, electricity, petrol and other fuels, food and non-alcohol beverages. Remittances recorded an increase of 6.7 percent, amounting to some US$507.6 million. Dr. Hutchinson attributed the overall improvement recorded in the economy during the quarter to the positive performance in all industries, except electricity and water supply, as well as transport, storage and communication industries and increased production and replanting activities in agriculture, following the impact of Tropical Storm Nicole and more favourable weather conditions relative to the corresponding quarter of 2010. He also credited the economic up-turn to the implementation of some elements of the Growth Inducement Strategy, particularly through the Jamaica Development Infrastructure Programme (JDIP), which recorded total expenditure of $4.2 billion for April to June 2011, the start of the Community Renewal Programme and legislative reforms, including the reduction of stamp duties and estate taxes. “The country has begun to realize benefits from green-shoots arising from fundamental reform of systems, procedures and processes aimed at mitigating and building economic and infrastructural resilience against shocks, vulnerabilities and other global developments,” he said. The Director General of the PIOJ also spoke to some of the “fundamental policy reform measures” being implemented. These he identified as: the removal of stamp duty and transfer tax on the trading of registered corporate bonds; reduction of stamp duty on re-financing and transfer of mortgages. During the review period there was a 27% increase in the number of mortgages disbursed by NHT, while the value of these mortgages increased by 83%; the reduction of stamp duty and transfer tax on letters of probates and letters of administration; and the revision of the import duty structure for motor vehicles, to reflect greater consistency with the Common External Tariff. He emphasized that the recent policy changes complemented previous reform measures implemented during 2009 – 2010, aimed at fundamentally improving the quality of fiscal governance and solidifying “transparency guarantees” that cement a greater level of certainty and credibility in fiscal management. These include: the enactment and implementation of the Fiscal Responsibility Framework (FRF); the phased implementation of a Central Treasury Management System (CTMS); and the strengthening of public financial management, with the phased roll-out of a Medium-term Expenditure Framework (MTEF), which is now being implemented in 6 prioritized ministries and which account for a significant share of public capital expenditures. Although pleased with the economic out-turn for the quarter, the PIOJ Chief was cautiously optimistic that the growth trajectory of the past two quarters will continue throughout the remainder of the year, “albeit at a slower rate than previously projected”, because of the expected adverse implications from the downgrade in the US economy and the intensification of the debt crisis in some European countries. He said that the fiscal adjustments embodied in the forthcoming supplementary budget, are also expected to negatively impact the economy. CONTACT: Allan Brooks, Senior Reporter RelatedPIOJ Welcomes 2nd Quarter of Positive Economic Growth Advertisementslast_img read more

The Science of Momentum: Does a Win Today Predict a Win Tomorrow?

first_imgThe Huffington Post: If your favorite team or player wins on a given day — especially if it’s a landslide win, then it’s likely that “momentum” gets thrown around by people previewing the next event.Winning in any activity often gets used to build confidence for the next contest. Along with sports commentators, “momentum” is frequently used by stock analysts talking to investors, politicians talking to supporters, and executives talking to employees and other stakeholders.For better or worse, momentum is one of those concepts that’s sticky in our heads. We’re evolved to see patterns — like figuring out “who’s hot” and “who’s not” — partly to help us anticipate the future.In a new study that’s set for publication in the March edition of Economics Letters that I completed with Vince Mihalek, we look at the questions of (1) whether momentum from winning one game influences the probability of winning the subsequent game and, more specifically, (2) whether the margin of victory — for teams winning a given game — influences the subsequent game’s outcome.On the surface, we found a positive correlation between the margins of victory in the two-game sets that we studied and this is the kind of pattern that would lead people to conclude reasonably that momentum from one game to the next is important.Read the whole story: The Huffington post More of our Members in the Media >last_img read more

Penerbangan di Era New Normal, ICAO: Akses Penumpang ke Toilet Dibatasi

first_imgTak hanya itu, penumpang Ryanair juga harus meminta izin kepada awak kabin untuk menggunakan toilet. Tak hanya akses ke toilet, layanan makanan dan minuman di penerbangan jarak pendek juga harus dibatasi atau malah ditangguhkan.Kalaupun awak kabin ingin menjual makanan, maka ICAO mengatakan harus dijual dalam kemasan yang sudah disegel sebelumnya. Bahkan penjualan bebas bea juga harus dibatasi sementara sebagai bagian dari rekomendasi keamanan Covid-19 yang meluas.Meski begitu, ICAO tidak memaksakan adanya jarak sosial di pesawat, tetapi penumpang harus duduk secara terpisah jika hunian memungkinkan. Selain itu setiap penumpang diharapkan untuk membatasi barang bawaan ke dalam kabin di mana baiknya disarankan membawa tas tangan kecil agar bisa disimpan di bawah kursi mereka.Koran dan majalah pun harus dihapuskan untuk sementara waktu. Badan PBB juga mengatakan bahwa secara umum, masker wajah harus dikenakan sesuai dengan pedoman kesehatan masyarakat dan jarak sosial harus dilakukan jika memungkinkan.Di masa pandemi Covid-19, seluruh area di dalam kabin harus secara rutin dibersihkan dan penumpang harus diperiksa kesehatannya seperti pengecekan suhu hingga metode pelacakan kontak juga harus dieksplorasi. Di bandara, staf harus memiliki alat pelindung diri yang memadai, yang dapat mencakup sarung tangan, masker medis, kacamata atau pelindung wajah, dan gaun atau celemek.Baca juga: Indigo Hadirkan ‘Double Seat’ untuk Penumpang di Masa Pandemi Covid-19Bahkan penumpang diharapkan check in melalui online sebelum tiba di bandara dengan menggunakan mobile boarding pass. Bandara juga harus menggunakan teknologi nirkontak termasuk pemindain wajah dan iris mata.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Like this:Like Loading… RelatedSetiap Pintu Toilet di Kabin Pesawat Ternyata Punya “Kunci Rahasia”14/08/2017In “Featured”Toilet di Pesawat, Fungsi Sama Aturan Sedikit Beda07/02/2017In “Domestik”Toilet Meluap, Penumpang Pesawat Pipis di Kantong Plastik13/02/2019In “Featured” Toilet privat di pesawat A380 milik Emirates. Sumber: The Point Guy Sejak kembali dibukanya penerbangan untuk mengangkut penumpang, banyak aturan baru di masa pandemi Covid-19. Salah satunya adalah panduan baru yang dikeluarkan oleh Organisasi Penerbangan Sipil Internasional (ICAO) dan menunjukkan bahwa penumpang memiliki akses terbatas ke toilet di dalam pesawat.Baca juga: Intip Prosedur Cabin Cleaning Pesawat Ala GMF Cegah Covid-19 di PesawatBadan Perserikatan Bangsa-Bangsa (PBB) menyarankan bahwa satu toilet harus disediakan untuk awak dan penumpang yang ditentukan berdasarkan nomor kursi mereka. Dilansir KabarPenumpang.com dari laman bbc.com (1/6/2020), bahkan salah satu maksapai berbiaya murah, yakni Ryanair menyebut akan melarang antrian ke toilet.last_img read more

Community Trust To Launch Man Versus Fat Programme

first_imgThe exclusive project, titled Man v Fat, is aimed at men of all ages and physical ability, who are committed to improving their health through weekly involvement in a competitive football league. An introductory session will take place at South Bristol Sports Centre on Monday, January 23rd, with the weekly Bristol League commencing on Monday, January 30th, 7-9pm.Every player who registers on the programme will be in a similar state of mind and will share the same end goal – to enjoy football, make new friends, lose weight and get healthier. Uniquely, the league is not decided just on points won, but also pounds lost, which will be noted at the weekly weigh-in.To ensure maximum results are achieved with regards to weight loss, each player will be provided with dietary advice, have access to unique resources and have continuous support available to them.  To join the league, participants will need to pay £9.99 for registration, or £14.99 with a free copy of five-star rated The MAN v FAT Weight Loss Manual (RRP £12.99). Participants will then need to pay a further £6 per week, or an outright payment of £79.99.In a recent assessed 14-week pilot scheme of an identical programme, run by Solihull Council, players lost 22lbs on average, with 62 per cent hitting their five per cent body weight target. The maximum weight lost by one player was 67lbs and the highest bodyweight percentage lost was 26 per cent–demonstrating the programme’s effectiveness. Because the league is not just decided on the number of games won on the pitch, individuals can join a team as a non-playing member if they do not wish to compete in the fixtures. Instead, they will partake in the weigh-in at the weekly sessions and cheer on their team from the sidelines, with their weight loss contributing to the team’s overall success. Upon registration, participants will be allocated a team, so teams do not need to be entered in advance.Each week teams will play four fixtures of 30-minute slots, making it an intense but rewarding programme.For more information on the MAN v FAT project, please contact the Trust on 0117 963 0636 or e-mail [email protected]last_img read more

Jets hire Cardinals’ Todd Bowles, fifth Black head coach currently in NFL

first_imgn this Nov. 9, 2014 photo, Arizona Cardinals defensive coordinator Todd Bowles watches his players warm up prior to an NFL football game against the St. Louis Rams in Glendale, Ariz. AP Photo/Ross D. Franklin, File)NEW YORK (AP) – The New York Jets hired Arizona Cardinals defensive coordinator Todd Bowles as their head coach Wednesday.The 51-year-old Bowles replaces Rex Ryan, who was fired, along with general manager John Idzik, on Dec. 29 after six seasons. Bowles was a highly sought candidate after leading Arizona’s defense the last two seasons.It is a homecoming of sorts for Bowles, who is a native of Elizabeth, New Jersey. He also served as the Jets’ defensive backs coach under then-coach Al Groh during the 2000 season.Bowles beat out five other candidates who interviewed for the job, including Seattle defensive coordinator Dan Quinn and former Buffalo coach Doug Marrone.The Jets hired former Houston director of college scouting Mike Maccagnan as their general manager Tuesday night.Bowles had a second interview Tuesday with Johnson, Casserly and Wolf – along with Maccagnan – and impressed the Jets enough to move forward.New York canceled a scheduled interview with Carolina defensive coordinator Sean McDermott that was set for Wednesday. Bowles also called off a second meeting with the Atlanta Falcons for their head coaching vacancy that was scheduled for Wednesday.Bowles becomes the fifth Black head coach currently in the NFL, joining Pittsburgh’s Mike Tomlin, Cincinnati’s Marvin Lewis, Tampa Bay’s Lovie Smith and Detroit’s Jim Caldwell.He is also the fifth straight defensive-focused coach Johnson has hired since taking over the Jets in 2000, joining Ryan, Eric Mangini, Herm Edwards and Groh.With the Jets, Bowles will inherit a solid defensive front seven – which was always Ryan’s primary focus – with rising star defensive linemen in Muhammad Wilkerson and Sheldon Richardson. The secondary, however, needs a major overhaul.Along with Maccagnan, who was hired Tuesday night, Bowles will try to help the Jets bounce back from four straight seasons out of the playoffs. The franchise is also starving for a Super Bowl appearance, something it hasn’t had since 1969.Bowles brings a wealth of playing and coaching experience with him to New York. He played college football for current Cardinals coach Bruce Arians at Temple.He went undrafted in 1986, but was signed by Washington and worked his way to a major role with Joe Gibbs’ Redskins – including starting at free safety against Denver in the 1988 Super Bowl. Bowles had 15 career interceptions in eight NFL seasons, including two stints with Washington while Casserly was in the Redskins’ front office, sandwiched around one season (1991) with San Francisco.Bowles was hired by Green Bay after his playing career ended, working in the Packers’ player personnel department from 1995-96 – when Wolf was the GM. He then made several stops as a coach at the college and pro levels, first as the defensive coordinator at Morehouse College and then Grambling State – both under his former Washington teammate Doug Williams – and as an assistant with the Jets, Cleveland and Dallas, under then-coach Bill Parcells, whom he considers a mentor.He was hired as the Dolphins’ assistant head coach and secondary coach from 2008-11. He served as the team’s interim head coach for the final three games of the 2011 season, going 2-1 – with wins over Buffalo and the Jets – after Tony Sparano was fired.Bowles went to Philadelphia in 2012 as the Eagles’ secondary coach, but was elevated to defensive coordinator when the team dismissed Juan Castillo. After that season, Bowles was hired as Arizona’s defensive coordinator and firmly established himself as one of the league’s up-and-coming assistants.___AP NFL website: www.pro32.ap.org and www.twitter.com/AP_NFLlast_img read more

Claudio Bravo booted out of Chile team’s Whatsapp group

first_img According to a report by La Tercers, the Whatsapp group named “banda pitillo”, which Chile captain Bravo shared with Arturo Vidal, Gary Medel, Gonzalo Jara and Jean Beausejour no longer exists.  20/10/2017 Echan a Claudio Bravo del grupo de Whatsapp IN SPORT.ES Upd. at 13:58 sport.escenter_img Manchester City goalkeeper Claudio Bravo is going through a bad spell. Relegated to the bench with his club and eliminated from the World Cup qualifiers with his country, he’s now got problems with his international teammates. The controversial message posted by his wife, Carla Pardo after Chile were knocked out of the World Cup has not gone down well.  Now, some of the starts of La Roja have created a new Whatsapp group, which Bravo has not been invited to: “La Roja sin sapos”. A title which would appear to be directed at the Chile captain.  CEST It would confirm the rupture which exists among the Chile players after Bravo’s wife spoke of “drunks” at a time when many people were singling out Arturo Vidal for criticism.last_img read more

Weekend at Donny’s

first_imgCARDINIA WATERS BOWLS IT TURNED out to be ‘Donny’s Weekend’ at the Cardinia Waters Bowls club, as on Saturday morning…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

Experience was just ace

first_imgBy Alana Mitchelson Three Tennis Hot Shots players from Pakenham Regional Tennis Centre had the opportunity of a lifetime to…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img