Pensioners Urged to Support Low Inflation Measures Finance & Public ServiceAugust 10, 2010 Advertisements FacebookTwitterWhatsAppEmail Governor of the Bank of Jamaica (BoJ), Bryan Wynter, has urged pensioners to lend their support to the reforms and institutional arrangements that contribute to a lower and more stable inflation environment in the wake of the successful completion of the Jamaica Debt Exchange (JDX) and the signing of the Standby Agreement with the International Monetary Fund (IMF).“As inflation becomes low and stable, you can be more comfortable in your expectation that the returns on your investments will be more stable and your income in retirement will maintain its purchasing power,” he said.“Businesses will be able to plan with greater certainty, thereby minimising the volatility in consumer prices that stem from the productive process. and you can plan to enjoy your retirement years in a more relaxed frame of mind,” Mr. Wynter added, as he addressed the Caribbean Community of Retired Persons Financial Retirement Planning Seminar held recently in Kingston.The BoJ Governor, whose presentation focused on the factors that trigger inflation and how it affects pensioners, said the issue was central to the financial planning of persons, who collect a pension, and was of even greater significance for those on a fixed income.He observed that over the years, Jamaica had experienced volatile and high inflation that had affected the country’s ability to “plan effectively and to estimate ahead of time what the real rate of return on savings and investments was likely to be.”In addition, continuous high and volatile inflation can influence workers to demand higher wages in an effort to maintain their purchasing power and for business persons to set higher mark-ups on goods and services in an effort to sustain profit levels.Governor Wynter noted that given Jamaica’s high propensity to import, any significant depreciation in the exchange rate will contribute to increases in the prices being faced by producers and consumers. The converse, he said, was also true.“Recently, we have been observing a general appreciation in the value of the Jamaica Dollar largely due to investors’ confidence that the macroeconomic fundamentals are improving. Ultimately, this should translate into lower and more stable prices for consumers,” he stated.The BoJ is forecasting inflation of between 7.5 to 9.5 per cent for 2010/2011, with the rate to be close to the bottom of the range, based on the slow recovery in the global economy, the containment of international commodity prices, and the relative stability of the Jamaican Dollar.For the medium-term, the economic programme envisions that the rate of inflation should fall to about 6.0 per cent a year by 2013/14, again based on the relative stability in the prices of international commodities and the value of the Jamaican Dollar. RelatedPensioners Urged to Support Low Inflation Measures RelatedPensioners Urged to Support Low Inflation Measures RelatedPensioners Urged to Support Low Inflation Measures
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Tweet LocalNews Marigot residents petition DASPA CEO by: Dominica Vibes News – January 12, 2015 Share 335 Views one comment Share Sharing is caring! Share Marigot residents at the Port on Monday morningThe community of Marigot is standing in solidarity with one of its residents after his employment was terminated following a crab backs incident last year.Vescott Jones, who was employed with the Dominica Air and Sea Port Authority (DASPA) as a security officer at the Douglas Charles Airport was fired in December 2013 for allowing Opposition Leader Lennox Linton to exit the country without a charge after he attempted to leave with a quantity of crab backs in October 2014. One must obtain a permit to export any wildlife from Dominica which Mr Linton did not have in his possession at the time of travel, as he was not aware that one was required.The residents gathered at the Woodridge Bay Port on Goodwill Road on Monday 12 January to present a petition to chief executive officer of DASPA, Benoit Bardouille. Members of the community decided to present a petition to Mr Bardouille requesting that Mr Jones be reinstated.It is not clear whether the group was successful in presenting Mr Bardouille with the petition. Mr Bardouille was contacted for comment on the matter but was unavailable.Further details on this developing story will be provided as it becomes available.
Disney(LOS ANGELES) — With just 100 days until its premiere, the trailer for Disney’s upcoming live-action remake of The Lion King is here.The film, directed by Iron Man‘s Jon Favreau, features an all-star cast: Donald Glover as Simba, Beyoncé Knowles-Carter as Nala, Seth Rogen as Pumbaa, Billy Eichner as Timon, Chiwetel Ejiofor as Simba’s evil uncle Scar and James Earl Jones reprising his voice role as King Mufasa. “Life’s not fair, is it my little friend?” Ejiofor, as Scar, says to Glover, as Simba, in the trailer. “While some are born to feast, others spend their lives in the dark begging for scraps.” As in the 1994 animated classic, he later casts the cub away, after killing Simba’s father Mufasa.Amid eye-popping motion-capture, and the kind of photo-realistic visuals seen in Favreau’s previous live-action take on Jungle Book, Jones as Mufasa advises his son, “Everything you see exists together in a delicate balance. While others search for what they can take, a true king searches for what he can give.”He later says, “You must take your place in the circle of life.” Disney’s The Lion King opens in theaters July 19, 2019.Disney is the parent company of ABC News.Copyright © 2019, ABC Radio. All rights reserved.