The Lords have spoken: It’s time to fix RPI and reform the way we measure inflation

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndo So having accurate measures of inflation is important for everyone, not just for statistical geeks like me.The Lords’ report takes the UK Statistics Authority (Uksa) to task for failing to maintain the Retail Prices Index (RPI) as a good measure. This has led to the index consistently overstating inflation, particularly in clothing.Uksa had argued that RPI was RIP, and that it should not be used as a metric. But the RPI measure is embedded in many contracts, especially government bonds, so this is not realistic.The Lords note that, as a result of the poor quality of the statistic, those who hold RPI-linked government bonds got an undeserved windfall from the taxpayer – perhaps of £1bn a year.Meanwhile, others, such as students and commuters, have lost out, as loan interest and train fare increases are linked to RPI. whatsapp whatsapp On Thursday, the House of Lords Economic Affairs Committee published an unusually strongly worded report about what seems like a relatively dry and technical topic: how we measure inflation.Let me stop you before you switch off – the calculation of inflation matters, because it affects all sorts of prices that you pay, from rail fares to student loans to your mobile phone contract. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Lord Forsyth, chair of the Economics Affairs Committee, said: “The UK Statistics Authority’s refusal to fix the problems it admits RPI has is untenable. By continuing to publish an index which it admits is flawed, it is arguably in breach of its statutory duty to promote and safeguard official statistics.”Strong stuff – and it’s hard to see how Uksa can now avoid biting the bullet and fixing RPI.The Committee also took a swipe at the way that the government cherry-picks between inflation measures – often using the lower Consumer Prices Index (CPI) as the metric when it has to pay out, and RPI (which is usually significantly higher) for when it is taking money from people.This is a problem which I’ve highlighted in these pages before, and it’s good to see the Lords raise it.The Lords’ instincts are basically along the right lines, except in one area. In their quest to end inflation cherry-picking, they recommend that we move to a single measure of inflation for government. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M.center_img Thursday 17 January 2019 8:55 pm The Lords have spoken: It’s time to fix RPI and reform the way we measure inflation Tags: Trading Archive Opinion I can understand their motivation, but statisticians will tell you that different measures are useful for different things.CPI is particularly good for macroeconomic decision-making, like setting interest rates. But there’s also a need for a “cost of living” type measure – such as the Office for National Statistics’ Household Cost Indices.It is true that multiple indices make it more tempting for the government to switch in an underhand way, but we should compel politicians to justify their decisions, and shout loudly if they are being sneaky.We should welcome the ermine-clad Lords’ report. Bad quality or poor use of statistics lead to unfair outcomes and damage trust in government. In an era of “fake news”, reliable official statistics are more important than ever to hold the government to account. Hetan ShahHetan Shah is chief executive of the British Academy. Sharelast_img read more

Sledge fund: Hundreds of Santas run through City for Brainwave

first_img Gabriella Griffith City workers heading for the Tube on Tuesday evening may have received a bemusing surprise – as hundreds of their peers ran past dressed head-to-toe as Little Saint Nick.The annual 5k fun run through the City started at Old Spitalfields market and ended up there once more – with mince pies and mulled wine on hand to welcome the jolly joggers and an afterparty at Smiths of Spitalfields. The event was raising money for children’s charity Brainwave.  “It was a sight not to miss” “Great to see so many people swapping their usual office attire for Santa suits and dashing around the city,” said Irwin Mitchell worker Auriana Griffiths.  “It was a sight not to miss. A really fun event for a fantastic charity.”  Share Sledge fund: Hundreds of Santas run through City for Brainwave Tags: NULL center_img whatsapp Show Comments ▼ whatsapp Wednesday 10 December 2014 8:30 pmlast_img read more

Jeb Bush to quit Barclays bank as speculation over 2016 presidential race heats up

first_imgIn further signs that he is preparing to run for the presidency of the United States former Florida governor Jeb Bush is leaving his position at Barclays bank, according to the Financial Times.The brother of America’s 43rd President George W. Bush recently announced that he would “actively explore the possibility of running for President of the United States”. The excitement surrounding this non-announcement set US commentators pens alight judging his record and chances of victory against likely Democratic nominee Hillary Clinton.Bush’s exit from Barclays is the first in what could be a series of reforms to his business affairs that would be necessary for his candidacy. Mitt Romney faced a barrage of criticism from opponents for his business interests with Bain Capital.Intimate connections with business and finance could leave Bush’s campaign open to the same sort of attacks, according to Bloomberg’s Joshua Green.However, Bush sought to head-off some of this criticism, telling a Florida TV station:I think Mitt probably didn’t defend an incredible success story, but that’s totally his deal.He added:We’re creating jobs, we’re expanding business. I’m not ashamed of that at all. I think that practical experience is something that might be useful in Washington, DC.The Republican establishment would dearly love to see Bush run and counter some of the party’s more conservative and libertarian insurgents such as Senators Ted Cruz and Rand Paul.Most Republican operatives had assumed Bush would not run for the nomination given his lack of campaigning activity and fund raising.The race for the GOP nomination is set to be one of the most competitive yet with the number of likely candidates going into double digits. Bush could be an attractive prospect with a fiscally conservative record as governor of Florida, but his positions on immigration and education put him on the more liberal wing of the party.In a recent ABC poll Bush was the front runner for the nomination on 14 per cent, followed by congressman Paul Ryan on 11 per cent and Kentucky Senator Rand Paul, who polled 10 per cent. However, these early polls owe more to name recognition than voting intention and the race remains wide open. whatsapp whatsapp Tags: Barclays Company US Presidential Election 2016 Jeb Bush to quit Barclays bank as speculation over 2016 presidential race heats up center_img Thursday 18 December 2014 10:00 am Share Show Comments ▼ Jeff Misenti last_img read more

UPDATED How things stand: A comprehensive look at the Laois hurling championships

first_img UPDATED How things stand: A comprehensive look at the Laois hurling championships WhatsApp By Alan Hartnett – 19th August 2018 Facebook Facebook Pinterest Rugby This has been a defining week in the Laois hurling championships.The group stages of the Senior and Senior A championships have now concluded while the intermediate is almost at semi final stage and the junior is.Here we will give you a comprehensive run down of each of the grades and where things stand.SENIORThe group stages finished up last night and the six teams still standing are now known.Ballinakill topped Group A with their win on Friday night and are straight through to the semi final – while so too are defending champions Camross who thrashed Clough-Ballacolla tonight.The quarter finals see Rathdowney-Errill face Abbeyleix in one with the other quarter final between Borris-Kilcotton and Clough-Ballacolla with the winner playing Camross.The semi finals are not predetermined and repeat pairing will be avoided where possible between group winners and winning quarter finalists. Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Community TAGSLaois hurling championship So for example, if Rathdowney-Errill and Clough-Ballacolla win the quarter finals, a draw will be required to determine the semi finals.The relegation final will be between Castletown Gaels and Ballyfin Gaels who both finished bottom of their respective groups.Quarter FinalsRathdowney-Errill v AbbeyleixClough-Ballacolla v Borris-KilcottonRelegation FinalCastletown Gaels v Ballyfin GaelsSENIOR AThe Senior A group stages also finished last night and a clear picture of what will happen is now known.Clonaslee St-Manman’s and favourites the Harps are straight through to the semi finals after topping their respective groups.Shanahoe Gaels finished second in Group A and they will face Portlaoise in the quarter final.The other quarter final sees 2017 defeated finalists Colt Gaels take on Rosenallis.Again, like in senior, the semi finals are not predetermined and if Rosenallis and Portlaoise should win for example in the quarter final, a draw for the semi finals will be required.Mountrath are in the relegation decider for the second consecutive year and they will play Trumera.Quarter FinalsRosenallis v Colt GaelsShanahoe Gaels v PortlaoiseRelegation FinalTrumera v MountrathINTERMEDIATEThe IHC is almost at the semi final stage with three of those teams now known.Slieve Bloom and Borris-Kilcotton qualified directly for the semi finals after winning their first two games.Camross lost to Slieve Bloom in Round 2 but defeated Ballypickas Gaels in the quarter final on Thursday night.The trio will be joined by either Clonad or Clough-Ballacolla who play on Wednesday of next week.If Clonad win, there will be a draw in the County Board offices on Thursday to determine the semi-final pairings as both Camross and themselves have already played Slieve Bloom.However, if Clough-Ballacolla win, Camross will face Borris-Kilcotton and Clough-Ballacolla will play Slieve Bloom in the semi finals.The relegation final already took place with Park-Ratheniska-Timahoe making the drop to Junior after losing to Rathdowney-Errill.JUNIORThe draw for the semi finals of the Junior championship was made in O’Moore Park last night.Mountmellick, who are chasing back-to-back championships, face The Harps.While last year’s defeated finalists Rathdowney-Errill play Castletown in the other semi final.Semi FinalsMountmellick v The HarpsCastletown v Rathdowney-ErrillJUNIOR B & CThese competitions have both reached the finals and they are set to be played in the next two weeks.The Junior B final is up first with neighbours Kyle and Camross set to do battle on Thursday in O’Moore Park.Portlaoise and Ballyfin are set to meet in the Junior C decider which will take place Wednesday August 29.SEE ALSO – Abbeyleix do enough to book quarter-final place and send Ballyfin Gaels into relegation decidercenter_img Pinterest WhatsApp Previous articleTurner earns silver medal at the European swimming championshipsNext articleDeaths in Laois – Sunday, August 19, 2018 Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Twitter Ten Laois based players named on Leinster rugby U-18 girls squad Twitter Community Home Sport GAA UPDATED How things stand: A comprehensive look at the Laois hurling championships SportGAAHurling Five Laois monuments to receive almost €200,000 in government funding RELATED ARTICLESMORE FROM AUTHORlast_img read more

LISTEN: Ones to Watch, Golden Oldies and who we think will win the senior and senior A hurling championship

first_img By LaoisToday Reporter – 31st July 2019 WhatsApp Previous articlePortlaoise hospital spent a massive €4.4 million on temporary agency staff in first five months of 2019Next articleIn Pictures: An evening of style at the Knockbeg College debs LaoisToday Reporter Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Home We Are Laois Podcasts LISTEN: Ones to Watch, Golden Oldies and who we think will win… We Are LaoisPodcastsSports Podcast Facebook WhatsApp Facebook GAA Pinterest Twitter GAA LISTEN: Ones to Watch, Golden Oldies and who we think will win the senior and senior A hurling championship The senior and senior A hurling championships get underway on Thursday evening and our latest Podcast is here to guide you through it all.The action begins on Thursday as 2018 senior A champions Portlaoise take on Castletown in O’Moore Park.The games will be spread out over the next four days with senior games on Friday, Saturday and Sunday.Steven Miller is joined by Alan Hartnett as they take a comprehensive look at all of the 16 teams that compete in the top three competitions.We also pick out our Golden Oldie (criteria being they have to be older than Steven) from each team.While we also take a look at which young players we expect to light things up with each club.And the pair also make their calls on who they expect to win the senior and senior A championships.For all of that and much more, check it out below:SEE ALSO – Pregnant with quadruplets: Laois mother-to-be reveals shock and excitement ahead of four little arrivals Pinterest GAA Here are all of Wednesday’s Laois GAA results TAGSLaoisToday podcast RELATED ARTICLESMORE FROM AUTHOR Twitter 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

North Korea Inquires About Aid for Reunions

first_img Jang Jae Eon, the chairman of the Central Committee of the Chosun Red Cross Society, the North Korean body which organizes separated family reunions, has suggested that the current round of reunions, which occurred last weekend at Mt. Geumgang in North Korea, were made possible by the goodwill of North Korea, and inquired as to whether or not South Korea intends to send aid to the North as a result. Jang was meeting with Yu Jong Ha, the president of the Korea National Red Cross (KNRC), for the first time on the second day of the reunion event, when he noted, “This was proposed as a gesture of goodwill by North Korea,” before inquiring, “so has South Korea considered an appropriate response?” However, Yu held a press conference at the Waegeumgang Hotel, where he explained to reporters, “We will send medical aid or donations for a Red Cross Hospital, but in order to demonstrate more serious gestures of goodwill, the authorities of the two sides must reach a consensus.”The “response” inquired about by Jang represents an indirect request for rice and fertilizer aid by the North Korean high authorities through him. During the previous Kim Dae Jung and Roh Moo Hyun administrations, North and South Korea often combined the holding of separated family reunions with rice and fertilizer aid in the same package. Yu explained, however, “The North did not specifically ask for rice or fertilizer aid. From the Red Cross’ perspective, it will do whatever it can, but an issue which demands a huge chunk of the citizens’ taxes (such as rice and fertilizer aid) should be decided upon by the South Korean authorities.” Yu also explained the way he wants to see the reunions develop, “Among the 120,000 separated families, 40,000 have already passed away,” he said, “Thus, the frequency of the reunions must increase. Until recently, 2,000~3,000 members of separated families passed away each month, but now this number has climbed to 4,000~5,000. It is difficult to expand the number of family members who can participate in a single reunion, so the frequency of the reunions must be increased if possible.” “When inter-Korean relations improve as a whole, it will help.” he concluded.Yu also pointed out the importance of postal exchanges and online meeting events for separated families, but did suggest, “Whether or not a loved one is still alive is a huge source of shock (to separated families). It would be better for checks to be done on this beforehand.”He added that online family reunions should be expanded out of consideration for the separated families for whom movement is difficult, and that the exchange of correspondences post-reunion should be institutionalized.But, speaking on Sunday, he also expressed a sense of expectation for the event at hand, “If the event wraps up smoothly tomorrow, and if the purely humanitarian nature of the reunions is reported in the press, then it will help promote inter-Korean relations.”Yu, who served as Minister of Foreign Affairs during the Kim Young Sam administration, went on, “In diplomacy, a situation which benefits myself but is disadvantageous to the other party can be considered a success, but in humanitarian issues, both sides have to be of help to each another. I gave up being a diplomat when I became the President of the Red Cross.”The reunion event this weekend consisted of individual reunions in the guest rooms at the Mt. Geumgang Hotel in the morning and outdoor reunions on the front lawn of the Onjungak, a rest stop, in the afternoon after a group luncheon. The South Korean group is returning on the afternoon of today, the 28th, after a farewell event this morning.A second round of reunions will take place between the 29th and the 1st of October; 99 North Korean and 449 South Korean separated family members are scheduled to participate. News News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak North Korea tries to accelerate building of walls and fences along border with China Facebook Twitter There are signs that North Korea is running into serious difficulties with its corn harvest RELATED ARTICLESMORE FROM AUTHORcenter_img SHARE AvatarKim So Yeol News News North Korea Inquires About Aid for Reunions By Kim So Yeol – 2009.09.29 10:14am last_img read more

Alberta EMDs failing to meet regulatory obligations

first_img BFI investors plead for firm’s sale Related news An Alberta Securities Commission (ASC) review of exempt-market dealers (EMDs) in that province has uncovered widespread compliance deficiencies. PwC alleges deleted emails, unusual transactions in Bridging Finance case Facebook LinkedIn Twitter The ASC published the results of a compliance sweep of 66 Alberta-based EMDs on Wednesday, which found deficiencies in every area the regulator examined, including suitability failings, inadequate know-your-client (KYC) and know-your-product processes, and failure to identify or deal with conflicts of interest, among various other issues. The ASC’s report notes that some of the firms examined had high levels of compliance with the regulatory requirements while others prompted regulatory action to address the failings the review uncovered. In fact, the report indicates that some firms simply ceased business in the face of the regulator’s review. In addition, one firm had its registration terminated; another firm was suspended; three dealers had terms and conditions imposed on their registration as a result of the reviews; and ASC staff are considering registration conditions for two other firms. The review also prompted several warning letters from the regulator; a couple of firms provided undertakings to the ASC; two cases have been referred to the ASC’s enforcement division, and five others have been passed to its corporate finance division for possible further investigation. The report details a host of compliance deficiencies uncovered in the reviews, including, “significant deficiencies in the collection and documentation of KYC information in many reviews.” The report reveals that a “high number of firms” failed to analyze the products on their shelves adequately. As well, “In many reviews, we observed significant deficiencies relating to inadequate identification and response to conflicts of interest.” In particular, the ASC found that firms failed to identify conflicts of interest associated with compensation arrangements; conflicts involving related, or connected, issuers; and conflicts stemming from reps’ personal ownership stakes in products sold by the firm. The reviews also “frequently identified” investors with low, or medium, risk tolerances who were invested in high-risk exempt-market securities; clients invested in growth securities despite the fact they were seeking income or capital preservation; and clients with short time horizons that were invested in long-term, illiquid securities. The ASC also found failures in assessing clients’ use of leverage, the report notes: “This is concerning because EMDs distribute exempt-market products that are typically illiquid and generally high risk. The use of leverage in such circumstances may significantly affect the suitability of the investments.” In addition, the regulator reports that the reviews also found clients with an overconcentration in exempt-market illiquid securities. The ASC’s report says that the main objective of the reviews is to improve industry compliance and that many firms have been required to rectify deficiencies identified in the sweep. The report also aims to help educate firms by spelling out both suggested compliance practices and unacceptable practices. It calls on firms to use this information to ensure that they are meeting their requirements. “The notice is intended to provide guidance to assist firms in complying with their regulatory obligations and includes both suggested practices and unacceptable practices,” says Lynn Tsutsumi, director of market regulation with the ASC, in a statement. “We strongly encourage registrants to use the notice as a self-assessment tool to enhance their compliance with regulatory obligations.” Photo copyright: convisum/123RF James Langton Keywords Exempt marketCompanies Alberta Securities Commission New exemption aimed at savvy investors in Alberta, Saskatchewan Share this article and your comments with peers on social media FSCO reports decrease in insurance advisors’ compliance rates convisum/123RFlast_img read more

Feds aim to make RESPs, RDSPs more accessible

first_img Highlights from Budget 2018 Gender equality at the heart of Budget 2018 Industry has mixed reaction to Budget 2018 Related news Megan Harman Federal Budget 2018 Piggy bank with money flat icon illustration samuraitop/123RF Keywords Budget 2018,  RDSPs,  RESPs The Canada Learning Bond and Canada Education Savings Grant are contributions that the Government of Canada makes to RESPs to help Canadians save for a child’s post-secondary education. The Canada Learning Bond, specifically, aims to provides assistance to low-income families.However, the government has determined that many families are facing barriers in accessing this program. In 2015, only one-third of eligible children received the Canada Learning Bond, according to the government.In last year’s federal budget, the government announced plans to launch a pilot project to explore new ways to increase awareness of the program and reduce barriers to access.Building on that measure, Budget 2018 reveals that the government is working with the province of Ontario to integrate RESP referrals into the Ontario online birth registration service.That will enable parents to open an RESP at the same time as they apply for other services under the Ontario online birth registration service. Once an RESP is open, eligible children may begin to receive the Canada Learning Bond to help support future studies at a trade school, college or university, or in an apprenticeship program — without any contributions required by their parents or others.This initiative aims to help more children from low-income families access the Canada Learning Bond.With respect to RDSPs, Budget 2018 extends a temporary measure the government previously introduced, which helps individuals setup RDSPs in cases in which the capacity of the individual to enter into a contract is in doubt.Specifically, the Income Tax Act requires that in cases in which the capacity of the individual is in doubt, the plan holder of the individual’s RDSP be that individual’s legal representative, as recognized under provincial or territorial law.However, establishing a legal guardian or other representative can be a lengthy and expensive process. Although some provinces and territories have instituted streamlined processes that allow for the appointment of a trusted person to manage resources on behalf of an adult who lacks contractual capacity, others require more time to develop such a process.As a result, a temporary federal measure exists to allow a qualifying family member, such as a parent or spouse, to be the plan holder of the individual’s RDSP in cases in which the individual doesn’t have a legal representative in placeThat measure was legislated to expire at the end of 2018, however Tuesday’s budget proposes to extend the temporary measure by five years, to the end of 2023.Under the proposed measure, a qualifying family member who becomes a plan holder before the end of 2023 could remain the plan holder after 2023.The measure aims to give provinces and territories more time to implement more permanent solutions to address RDSP legal representation issues. Share this article and your comments with peers on social media Facebook LinkedIn Twitter Ottawa backtracks on key tax measures for small business The federal government has proposed measures in Budget 2018 that aim to improve access to registered education savings plans (RESPs) and registered disability savings plans (RDSPs) for Canadians.The government announced in the federal budget, unveiled on Tuesday, that it is working with the province of Ontario to help more children from low-income families access the Canada Learning Bond. last_img read more

Security and Justice Programme Hosts Opportunity Fairs

first_imgAdvertisements RelatedSecurity and Justice Programme Hosts Opportunity Fairs FacebookTwitterWhatsAppEmail Registration for birth certificates is one of the major focusses of the opportunity fair being hosted by the Citizens’ Security and Justice Programme (CSJP) in several inner city communities between April 24 and May 22.In an interview with JIS News, Community Action Officer with the Programme, Marcia Flynn outlined that, “The objectives of the opportunity fair are to legitimise the residents and their children so we give them a chance to get on the national grid. So they will get the opportunity to register for birth, marriage and death certificates”.According to Ms. Flynn, persons have been unable to access training from the HEART Trust/ NTA, because they do not have some critical items such as a Tax Payer Registration Number (TRN).“The opportunity fair is basically to get these things done legitimately, because we have persons who can’t access some things from these communities because they are not equipped. A case in point is a student who has gone through the CSJP training and I can’t send in his application to HEART for him to get his Level One certification because he still does not have a TRN number,” she pointed out.Some of the other areas that the fair will address are wealth creation, and health.“There is an opportunity for wealth creation for persons who are employed as we will have the City of Kingston Credit Union, the Electoral Office of Jamaica, and access to credit through Micro Enterprise and Financial Limited,” she informed.The Community Action Officer added that, “we will be promoting good health, both mental physical, and skin care. And as such we will be bringing in the Diabetes Association and they will be providing services such as cholesterol, blood, and sugar testing, and foot care.”The first fair was held in Trench Town St. Andrew, on Friday (April 24), with a second scheduled for May 1. Other fairs will be held in Denham Town on Friday May 15 and in Hannah Town on Friday May 22. The CSJP is part of the Government’s social intervention thrust.Under the Community Action Component of the CSJP, a range of violence prevention services are delivered to residents of 15 communities across the Kingston metropolitan area, and St. Andrew. Another 11 are delivered in Montego Bay St. James and Savanna-La- Mar Westmoreland.Participating agencies include, the Registrar General’s Department, the Electoral Office of Jamaica, the Inland Revenue Department, the National Health Fund, the Ministry of Health, the Diabetes Association of Jamaica, the National Insurance Scheme, Kirk Distributors, and the National Youth Service. RelatedSecurity and Justice Programme Hosts Opportunity Fairscenter_img Security and Justice Programme Hosts Opportunity Fairs JusticeApril 26, 2009 RelatedSecurity and Justice Programme Hosts Opportunity Fairslast_img read more

Partnership Important to Business Profitability and National Building – Charles

first_imgRelatedPartnership Important to Business Profitability and National Building – Charles Partnership Important to Business Profitability and National Building – Charles LabourMay 22, 2009 RelatedPartnership Important to Business Profitability and National Building – Charles FacebookTwitterWhatsAppEmail Minister of Labour and Social Security, Pearnel Charles, has pointed to the importance of partnership among government, employers, workers and their representatives, in ensuring the profitability of business and to build a more productive society.“Partnership is one of, if not the most essential element in the way forward. If Jamaica is to progress further, it requires actual commitment from the employer, the worker and the Government,” he stated, assuring that the Government is ready to work in this direction.The Labour Minister was addressing the opening of the Jamaica Employers’ Federation (JEF) annual Business and Workplace Convention yesterday (May 21) at the Sunset Jamaica Grande Resort in Ocho Rios, St. Ann. The event is being held at the under the theme: ‘Succeeding in Turbulent Times: Partnership, Performance, Productivity’.Minister Charles commended the country’s business leaders to their contribution to economic development, noting that their value to and sacrifices for the welfare of workers, and the country at large, were not often recognised.“On behalf of the Government of Jamaica, we appreciate what you have done for Jamaica. We appreciate what you can do in the progress of Jamaica,” he stated.He said that the Ministry of Labour was taking a new approach to human resource development, and called on the business leaders to join in the revolution so as to achieve the best possible results.The three-day JEF Convention, which is in its 27th year, is scheduled to conclude on Sunday, May 24.center_img RelatedPartnership Important to Business Profitability and National Building – Charles Advertisementslast_img read more