Highest Growth of Domestic Food Crop Production in 11 Years

first_img By APLHEA SAUNDERS, JIS Reporter RelatedHighest Growth of Domestic Food Crop Production in 11 Years RelatedHighest Growth of Domestic Food Crop Production in 11 Years RelatedHighest Growth of Domestic Food Crop Production in 11 Years FacebookTwitterWhatsAppEmail KINGSTON — Domestic food crop production for the January to March quarter was the highest in 11 years, with some 147,378 tonnes produced, 24.4 per cent more than the corresponding quarter for 2010. This increased production propelled the agricultural sector to grow by 14 per cent overall for the quarter, when compared with the similar period last year. Minister of Agriculture and Fisheries, Hon. Dr. Christopher Tufton told a press conference at the Ministry’s Old Hope Road offices, today that the increase in crop production was attributed to very good weather conditions, and the continuation of a number of programmes that the Ministry has pursued under its production and productivity thrust. “Very important also is the efforts of our farmers in the field. We saw a fairly significant increase in productivity, not just production. There was a 5.4 per cent increase in acreages under production; however, we saw a 24.4 per cent increase in overall production. What that is saying is that we had better yields during that quarter,” Dr. Tufton pointed out. All crops recorded increases in production, with vegetables increasing by some 20,000 tonnes or 55 per cent. This was mainly influenced by an 80 per cent increase in cabbage production; tomato, 82.7 per cent; pumpkin, 36 per cent; carrot, 37.8 per cent; lettuce, 118 per cent; cucumber, 67 per cent; pak choi, 72.09 per cent; and string beans, 97 per cent. The Minister said that tubers increased by 21 per cent, potatoes by 12 per cent, and yams by 1.3 per cent.                                                  Meanwhile, Dr. Tufton noted that longer term traditional crops, which required six to nine months of cultivation, were impacted by Tropical Storm Nichole at the beginning of the last quarter of 2010, preceded by severe drought. “Despite that, coffee saw a 51 per cent increase in volumes reaped, cocoa saw a 182 per cent in volumes reaped, sugar a marginal 1.2 per cent, and bananas, a decline of 14 per cent,” he said. The parish of Clarendon saw significant increase in production of 39.4 per cent, followed by St. Ann, with 38 per cent; St. Elizabeth, 33.6 per cent; and Hanover and Manchester, 32 per cent. “We are encouraged by the performance of the farmers of Jamaica. We are encouraged by the introduction of the acceptance of new and improved approaches toward production, particularly in our cash crop areas, where we are seeing much better consistency of output in the critical crop areas, such as lettuce, cabbage and tomato,” the Agriculture Minister said. Dr. Tufton argued that this is good, not just for local consumers, but other critical markets, such as the tourism industry. “The response from the tourism sector and the general public is that the quality of the output is improving and is more consistent. We want to commend our farmers for that, and those within the Ministry, particularly the Rural Agricultural Development Authority (RADA), who have provided critical extension and technical support in introducing best practices,” the Minister added. Highest Growth of Domestic Food Crop Production in 11 Years AgricultureMay 2, 2011 Advertisementslast_img read more

A CARICOM Youngster Excelling in the Maritime Industry

first_img CARICOM Youth Ambassadors’ Message – Caribbean… Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… The American Caribbean Maritime Foundation (ACMF), in association with the Caribbean Association of National Training Authorities, and CARICOM Youth Ambassadors, launched the Maritime Linkup: Beyond Borders Webinars on the 19 August. There were subsequent sessions on 9 and 23 September, and additional ones will be held on 7 and 21 October. What CARICOM means to me – CARICOM Youth Ambassadors have… Maritime Webinars Coming for CARICOM Students The five-part webinar series focuses on connecting Caribbean youth with educational and professional opportunity in the maritime sector and blue economy. Girls Rock in the Maritime Industry Sep 30, 2020center_img Girls Rock in the Maritime IndustryThe American Caribbean Maritime Foundation (ACMF), in association with the Caribbean Association of National Training Authorities, and CARICOM Youth Ambassadors, launche the Maritime Linkup: Beyond Borders Webinars on the 19 August, with subsequent sessions on 9 and 23 September; and 7 and 21 October. The five-part webinar series focused on…September 2, 2020In “CARICOM”Global Maritime Leaders Engage CARICOM StudentsIn the wake of the COVID-19 pandemic which has pushed learning online across the region, a maritime webinar series will promote maritime education and job opportunities in shipping and logistics—one of the most important sectors in the Caribbean economy. The American Caribbean Maritime Foundation (ACMF), in association with the Caribbean…July 24, 2020In “Business”Maritime Webinars Coming for CARICOM StudentsIn the wake of the COVID-19 pandemic which has pushed learning online across the Region, a maritime webinar series will promote maritime education and job opportunities in shipping and logistics—one of the most important sectors in the Caribbean economy. The American Caribbean Maritime Foundation (ACMF), in association with the Caribbean…August 11, 2020In “Business”Share this on WhatsApp Aug 11, 2020 Jul 4, 2020 In this interview, Trevon Ferguson, a Maritime student, shares his experience of being in the Maritime Industry. He explains why he chose that field and how other young people can join and capitalise on the opportunities available via the blue economy. You may be interested in… Sep 2, 2020last_img read more

Does B.O. really stink?

first_imgSubscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Subscribe now for unlimited access To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Get your free guest access  SIGN UP TODAYlast_img read more

Visiting Cuban Medical Professional Dies Suddenly

first_img Share Sharing is caring! LocalNews Visiting Cuban Medical Professional Dies Suddenly by: – May 7, 2020 Share Tweetcenter_img Share 208 Views   no discussions                                        Yoet Michel Ramos CorderoA member of the Cuban medical team, which arrived in Dominica on March 29th, has died.Yoet Michel Ramos Cordero, a 42-year-old man collapsed suddenly on Monday evening.The cause of death has not been revealed but the details shared by the island’s Hon Health Minister, Dr Irving McIntyre are that he had just completed an incubation cycle to rule out Covid19.Dr McIntyre said on Wednesday evening, “He completed two weeks of quarantine in Portsmouth after which he was assigned to the Covid Isolation Unit at the [Dominica-China Friendship] Hospital where he worked from April 16-20.”After completing that week schedule, Dr McIntyre said further, “He again did another two weeks quarantine which is the normal protocol.”Cordero was due to begin work at the Accident & Emergency Department on Tuesday when he collapsed.“It was a very sad day for the Cuban brigade as well as for Dominica,” Dr McIntyre said. “For this we extend our deepest condolences and sympathy to the people of the Republic of Cuba.last_img read more

9 months agoAtletico Madrid coach Simeone: We need Lucas here

first_imgAtletico Madrid coach Simeone: We need Lucas hereby Paul Vegas9 months agoSend to a friendShare the loveAtletico Madrid coach Diego Simeone insists he’s counting on Lucas Hernandez for the remainder of this season.The defender is a confirmed target for Bayern Munich, while he is also being linked with Manchester United and Manchester City.But ahead of today’s win over Levante, Simeone said: “He’s part of the group and we’ll decide the morning of the match. “He is very good, he is a strong guy and I hope he will come back as he left when he had to go out against Alavés. “He is a very important player for us, he gives us depth on the left side when he plays this role and we need him.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

Gaming Sector Poised for Growth

first_imgStory Highlights Minister of Finance and the Public Service, Hon. Audley Shaw, says with legislation being crafted to support interactive and online gaming, Jamaica’s betting, gaming and lotteries sectors are positioned for growth.Mr. Shaw, who was giving the main address at the 7th Caribbean Gaming Show and Summit at the Montego Bay Convention Centre in Rose Hall, St. James, on June 14,  noted that the Casino segment of the industry has not only been picking up momentum, but is now actively courting new investors.“Since last year, the Casino Commission has met with two large international investors which are now advanced in the preparation of their applications for Integrated Resource Development status,” Mr. Shaw pointed out.“With these developments, there is a lot of optimism for the growth potential of the gaming sector,” he added.The Minister informed that for the 2016/2017 fiscal year, the gaming sector recorded $111.25 billion in revenues, compared with $91.9 billion in 2015/16, representing a 21 per cent increase in revenue performance.The lottery segment, he said, posted $36.8 billion in 2016/17, or $1.9 billion over the $34.9 billion of the previous year, while the betting segment recorded a 12 per cent growth over the $8.9 billion of the previous year to close at $10.04 billion.“While we are encouraged by the enormity of these numbers, we recognise, however, that unscrupulous individuals would want to tap these revenues to fund their illegal activities,” Mr. Shaw cautioned.“This is why the Government, through the regulator, increased its surveillance of the industry and will extend all the resources necessary to clamp down on illegal gaming. There is still a lot of work to be done to increase the  level of compliance in the industry, but I am sure, having witnessed the fallout of de-risking themselves, operators are now taking steps to improve their own mechanisms to this end,” he said.He further noted that, as the oversight body, the Betting, Gaming and Lotteries Commission (BGLC) has forged memoranda of understanding with law-enforcement authorities to have financial intelligence shared in real time.This is a major step in the fight against illicit gaming. We must have eyes and ears on the ground providing information on which the authorities can act speedily,” Mr. Shaw added.“Reports indicate that illegal gambling operations are raking in an estimated $2 billion each year. A big chunk of that money is used to fund the criminal underworld,” he noted.The Minister told the gathering that as industry stakeholders, “we must ban together to stamp out this phenomenon”.“It robs governments of revenues and curtails the activities of lawful entities, when they are forced to invest significant sums to bolster their internal mechanisms,” Mr. Shaw said.“I must laud the enforcement arm of the BGLC for its efforts in this regard, which saw a 132 per cent increase in the number of operations it carried out for fiscal year 2016/17. There were 26 arrests for the year compared with 16 in the previous year, with $240,000 paid over in court fines by unauthorized individuals,” the Minister informed.He said the Government recognises that there is a lot more work to be done and will continue to support the efforts of the Regulator. “Since last year, the Casino Commission has met with two large international investors which are now advanced in the preparation of their applications for Integrated Resource Development status,” Mr. Shaw pointed out. Mr. Shaw, who was giving the main address at the 7th Caribbean Gaming Show and Summit at the Montego Bay Convention Centre in Rose Hall, St. James, on June 14, noted that the Casino segment of the industry has not only been picking up momentum, but is now actively courting new investors. Minister of Finance and the Public Service, Hon. Audley Shaw, says with legislation being crafted to support interactive and online gaming, Jamaica’s betting, gaming and lotteries sectors are positioned for growth.last_img read more

US stocks swing back to gains Dow up 330 on turbulent day

first_imgA late-afternoon rally reversed steep losses for U.S. stocks Friday, lifting the Dow Jones industrial average more than 300 points and capping a turbulent week on Wall Street that left the market with its steepest weekly slide in two years.The big point swings that pummeled stocks reflected a return of volatility after an unprecedented period of calm. Until this week, the market had not endured a 5 per cent drop since January 2016.“There’s a fair amount of volatility in the market, and our belief is the volatility is leaving investors riddled with stress and uncertainty, which is likely to continue,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.The swiftness of the market’s slide into a correction, or a drop of at least 10 per cent from a recent peak, was unparalleled. The Standard & Poor’s 500 index, the benchmark for many index funds, took only nine days to fall 10 per cent from its all-time high on Jan. 26.“The S&P 500 hasn’t moved into correction mode this quickly, ever,” said Lindsey Bell, investment strategist at CFRA Research.Since hitting that high last month, the S&P 500 has lost about $2.49 trillion.For a while Friday, it was anybody’s guess whether the weeklong sell-off would ease or worsen. Stocks struggled to stabilize much of the day as investors sent prices climbing, then slumping in unsteady trading a day after the market entered its first correction in two years.The Dow Jones briefly sank 500 points after surging more than 349 points earlier in the day and then swung to a 330-point gain in the final hour of trading. The blue chip average suffered its second 1,000-point drop in a week on Thursday.At one point, the market was on pace for its worst weekly decline since October 2008, at the height of the financial crisis.“History does show that, even though we haven’t seen this quick of a movement from a peak to correction mode, what we do know is the swifter the way down, the sooner the market will bottom and start moving up,” Bell said.All told, the S&P 500 rose 38.55 points, or 1.5 per cent, to 2,619.55 Friday. The Dow gained 330.44 points, or 1.4 per cent, to 24,190.90. The Nasdaq composite added 97.33 points, or 1.4 per cent, to 6,874.49.The three indexes finished the week down more than 5 per cent. They’re also now all in the red for the year.Technology companies accounted for most of the broad gains, outweighing losses in energy stocks, which slumped as U.S. crude prices declined. The price of oil fell below $60 a barrel for the first time this year.Bond prices also fell. The yield on the 10-year Treasury rose to 2.86 per cent from 2.83 per cent late Thursday.U.S. stocks started to tumble last week after the Labor Department said workers’ wages grew at a fast rate in January. Investors worried that rising wages will hurt corporate profits and could signal an increase in inflation that could prompt the Federal Reserve to raise interest rates at a faster pace, putting a brake on the economy.Also contributing to the big swings this week was the blow-up of exchange-traded products that were built to profit if markets remained calm. Once volatility spiked, it led to huge losses for the investments, which may have exacerbated the market’s swings. Other automated trading programs, which sell stocks when volatility rises, may have also contributed, among others.The market, currently in its second-longest bull run of all time, had not seen a correction for two years, an unusually long time. Many market watchers have been predicting a pullback, saying stock prices have become too expensive relative to company earnings.Not only are corrections common during bull markets, they’re seen as entirely normal and even healthy. They allow markets to remove speculative froth after a big run-up and allow investors to buy stocks at more reasonable prices.Analysts warned that stocks had become too expensive. As of Jan. 26, the S&P 500 traded at 18.6 times its expected earnings — a popular measure of stocks’ value — compared with a median level of 15.2 since 2000. The measure dropped to 16.4 as of Thursday, meaning stocks were less expensive but still not cheap.The prospect of ballooning deficits also stoked jitters among investors this week after Congress agreed to a $400 billion budget deal just weeks after voting to slash taxes.Rising deficits could drive interest rates higher. That’s because growing deficits force the U.S. Treasury to issue more bonds, and investors are likely to demand higher rates before buying them.The market’s reversal came just as Jerome Powell took over as Federal Reserve Chairman.The central bank may have to more aggressively raise short-term rates to offset the economic stimulus from higher government spending and lower taxes, which also unnerves investors.The economy is already running hot, with the nation’s unemployment rate at a 17-year low of 4.1 per cent. The extra stimulus threatens to send inflation higher.Even so, Wall Street analysts note that the outlook for corporate America and the broader global economy remains positive. Major economies around the world are growing in tandem for the first time since the Great Recession, and corporate profits are on the rise. The housing industry is solid, and manufacturing is rebounding.“By many metrics, the earnings picture looks good, and higher earnings provide the basis for valuation support and, I think, still higher stock prices if you look toward the end of the year,” Sandven said.Benchmark U.S. crude lost $1.95, or 3.2 per cent, to settle at $59.20 per barrel on the New York Mercantile Exchange. Oil has not been below $60 a barrel since Dec. 28. Brent crude, used to price international oils, slid $2.02, or 3.1 per cent, to close at $62.79 in London.In other energy futures trading, wholesale gasoline fell 7 cents to $1.70 a gallon. Heating oil shed 7 cents to $1.86 a gallon. Natural gas fell 11 cents, or 4.2 per cent, to $2.58 per 1,000 cubic feet.The price of gold declined $3.30, or 0.3 per cent, to $1,315.70 an ounce. Silver lost 20 cents, or 1.2 per cent, to $16.14 an ounce. Copper fell 5 cents to $3.03 a pound.The dollar fell to 108.53 yen from Thursday’s 108.84 yen. The euro dipped to $1.2231 from $1.2263.The turbulence in U.S. stock indexes followed a broad slide in global markets.In Europe, Germany’s DAX fell 1.2 per cent, while France’s CAC 40 lost 1.4 per cent. Britain’s FTSE 100 shed 1.1 per cent. Asian markets fell more sharply. Tokyo’s Nikkei 225 lost 2.3 per cent and Hong Kong’s Hang Seng gave up 3.1 per cent.___Associated Press writers Stan Choe in New York and Paul Wiseman in Washington contributed to this report.last_img read more

Cant sugar coat the offside actions of US investor uncertainty Morneau

first_imgTORONTO – The trade actions of the U.S. government have created uncertainty for investors in G7 countries, but cooler heads and common sense should prevail, federal Finance Minister Bill Morneau said Wednesday.The minister said it’s a “challenging time” after U.S. President Donald Trump’s decision to impose steel and aluminum tariffs on Canada, Mexico and Europe, but the government hopes to provide certainty as it works to improve Canada’s relationship with the U.S.“I can’t in any way sugar coat that for investors… We will work towards making sure that Canada and our other allies are put in a better situation in our relationship with the United States,” Morneau said.The minister’s comments came during a news conference with Environment Minister Catherine McKenna and institutional investors from the G7, including the Ontario Teachers’ Pension Plan and Quebec’s largest pension fund. Together, they announced initiatives aimed at boosting opportunities for women in finance and investment, developing more expertise in infrastructure financing and development and improving climate-related disclosures.The moves aimed at boosting G7 countries’ long-term economic future comes after the U.S. metals tariffs were put in place last week and Canada’s response of countermeasures on a long list of imported U.S. goods, set to take effect on Canada Day.While the tariff issues are not expected to have a substantially negative impact in the short term, Ontario Teachers’ chief executive Ron Mock said he’s “not overly excited about the trajectory.”“I’m still in the camp that cooler heads will prevail and, quite frankly, that self interest will prevail,” he said during the news conference. “Which means that we will start to back away from the trajectory we appear to be on at this point in time.”Michael Sabia, the CEO of Caisse de Depot du Placement du Quebec, said Ottawa has done “the right thing” in the face of the U.S. government’s actions.“We will get through this, and I am confident that the world is not going to descend into what’s called a trade war,” he said.Meanwhile, another issue that looms large for the Canadian economy is the fate of the controversial Trans Mountain pipeline, which Ottawa has agreed to acquire from Kinder Morgan for $4.5 billion with the hope of seeking a buyer down the line.The Caisse would not comment on a potential purchase, but Ontario Teachers’ did not rule it out.“If it is an opportunity for our members and for our organization in support of our fiduciary duty, then we will take a look,” Mock told reporters.“But where we sit today, it is still very, very early days.”last_img read more

Feds focused on targeted competitiveness plan over corporate tax cuts sources

first_imgOTTAWA – Finance Minister Bill Morneau is looking at targeted measures to enhance Canada’s competitiveness rather than broad-based corporate tax cuts, sources say.For months, the federal Liberals have been under pressure from business leaders to respond to a U.S. tax overhaul that many warn has put Canada at a disadvantage.Morneau told reporters this week that he hadn’t ruled anything out when specifically asked whether tax cuts would be part of his competitiveness plan.But Morneau has been meeting with businesses across the country in an effort to find the best way to deal with the U.S. changes. And sources with knowledge of the federal approach who spoke on condition of anonymity say his emphasis has been consistently on targeted measures.Morneau intends to announce plans in his fall economic update to bolster Canada’s competitiveness.The Trump administration’s changes include big tax reductions for businesses and loosened regulations, which have created fears Canada has lost part of its edge as an investment destination.The finance minister has been analyzing the impacts of the U.S. changes and has spent the summer on a “listening tour” to get feedback from the Canadian business community.Industry stakeholders have been calling for lower taxes — but a cut to the federal corporate rate would come at a cost. A tool on the parliamentary budget officer’s website estimates that a one percentage point reduction to the business tax rate would trim about $1.7 billion per year from federal revenues.There are, however, also recommendations that Morneau consider a cheaper option: allowing all companies to immediately write off new equipment purchases.The U.S. tax package enables American companies to immediately write off the full cost of new machinery and equipment. Canada already offers this provision for its manufacturing sector and there are calls for it to be expanded to cover all industries.Some experts believe this kind of measure should be combined with cuts to business taxes.A study released Wednesday by the PwC accounting firm warned the American tax reforms will have a major, negative impact on Canada. They will shift investment to the U.S. and hurt economic activity in Canada, it said.The analysis said the U.S. changes threaten 635,000 Canadian jobs, which represents about 3.4 per cent of all workers, and could lower Canada’s gross domestic product by 4.9 per cent. The report said $20 billion worth of government revenue could also be at risk.The study was commissioned by the Business Council of Canada, which has been pushing for lower corporate taxes.“Canada’s relatively favourable corporate tax environment was a major advantage in terms of attracting new investment,” said the report, which recommends federal and provincial tax reductions among its policy options.“Due to the U.S. tax reform, this advantage has now disappeared.”The assessment paints a far bleaker picture than estimates released last spring by the Bank of Canada.The central bank figured the U.S. reforms could lower business investment by about three per cent from 2017 to the end of 2020. The bank said this would shave the level of economic growth by about 0.2 per cent by the end of 2020.Morneau faced criticism from the business community after his February budget lacked specific steps to address their competitiveness concerns.The finance minister wanted more time assess the situation and his office has insisted he would avoid any “knee-jerk reactions.”Follow @AndyBlatchford on Twitterlast_img read more

BJP wants political strife, unrest in Hills: Aroop

first_imgDarjeeling: “BJP just wants political strife and unrest in the Hills. They want to cash in on this and gather votes,” alleged Aroop Biswas, TMC Observer for the Hills. In a run-up to the campaign rally by TMC Supremo Mamata Banerjee in Darjeeling on Thursday, the party held a road show in Kalimpong on Tuesday.The road show, jointly organised by TMC and Gorkha Janmukti Morcha, started from the Kalimpong Municipality. After passing through the major thoroughfares of the Hill town, the rally culminated at Triangular Park. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari Puja”He is a Prime Minister who lies day and night. He is a habitual liar. Everyone knows that he had promised Rs 15 lakh in every bank account and 10 crore new jobs. He had claimed that the dreams of the Gorkhas were his dreams. Mamata Banerjee is the one fighting for the identity of the Gorkhas. She is trying to take them forward. BJP just wants upheaval and political strife in the Hills. People have understood this. They will not get a single vote. They will be driven out,” retorted Biswas. Also Read – Bengal civic volunteer dies in road mishap on national highwayHe stated that BJP will not get a single seat. “Bengal will lead India. She has emerged as a national leader. She will lead the country,” Biswas said, referring to the party supremo. Banerjee’s meeting will be held at the Darjeeling Motor Stand on April 11. It is expected to draw huge crowds, with GJM, TMC and the frontal organisations of both the parties joining in. “I would apologise beforehand to the schools and educational institutions as there are chances of traffic snarls owing to people from all over the Hills converging in Darjeeling for the election rally,” stated Binay Tamang, president, GJM. Tamang requested all coming for the meeting from the Hills and plains to arrive by 9 am. Elaborate arrangements have been made.last_img read more