Bank of England holds rates, and would need half a year for negative rates

first_img whatsapp Bank of England holds rates, and would need half a year for negative rates Before the Open: Get the jump on the markets with our early morning newsletter “The BoE also kept the door open for negative interest rates, if they are needed at some stage. This should support gilts, anchor the yield curve and keep financial conditions from tightening, hence supporting investment grade credit.” It also confirmed that it would take six months for banks to get ready for negative interest rates should they be introduced. The Bank of England (BoE) has today left interest rates on hold at 0.1 per cent and its bond-buying programme at £895bn. Luke Bartholomew, senior economist at Aberdeen Standard Investments, said: “What is perhaps more interesting is that the decision was unanimous, with no participants voting for a cut to negative interest rates despite several expressing their attraction to the policy. (Getty Images) Also Read: Bank of England holds rates, and would need half a year for negative rates Quantitative easing sees the Bank inject money into the economy to boost lending. Negative interest rates would take six months to implement The decision sent sterling spiking back past the $1.36 mark after slipping this morning, as traders welcomed the call to keep rates positive. It said that GDP had risen to around 8.0 per cent below 2019’s levels in the fourth quarter of 2020, “materially stronger” than anticipated. The Bank added that the new lockdown restrictions had overturned the predictions it made at November’s meeting. “It depends on the evolution of the pandemic, measures taken to protect public health, and how households, businesses and financial markets respond to these developments”, the nine-strong MPC added. “Bond investors will be comforted by the strong consensus among governors to keep monetary policy very accommodative”, Sels added. But on the other hand, current restrictions will see GDP fall 4.0 per cent in the first quarter of 2021, in contrast to expectations of a rise in the November report. Woods also said that the feedback showed a zero rate would be easier to put in place than a negative rate. However, the MPC did reveal that it would take six months for the Bank to implement negative rates if it pursued the policy. (Getty Images) (Getty Images) Also Read: Bank of England holds rates, and would need half a year for negative rates In a letter to bank chiefs, BoE deputy governor Sam Woods said: Sterling rose half a cent against the dollar, while British government bond yields jumped by around 3 basis points on the back of the decision. Analysts suggested that the unanimous nature of today’s decision suggested that negative rates were “off the table” for the time being at least. “An implementation period of shorter than six months would attract increased operational risks and could adversely impact some firms’ safety and soundness”, it added. The Bank’s Governor Andrew Bailey has mentioned the possibility of negative rates throughout the last year, but seems to have cooled on them recently.center_img (Getty Images) Also Read: Bank of England holds rates, and would need half a year for negative rates whatsapp Edward Thicknesse “This is unlikely to be the end of that debate, with the Bank releasing feedback from various stakeholders today along with their previous analysis.” “On the one hand, COVID-19 and subsequent lockdowns have led to a deterioration in current activity, but on the other, the future outlook has improved as a result of the faster-than-expected vaccination programme. “Such a signal only ever is found in its economic forecasts; they show that significant extra stimulus would be unhelpful”, he said. Tags: Bank of England Economists also predicted no changes to the Old Lady’s bond-buying programme, which was upped by £150bn in November. Other central banks, such as the European Central Bank, have taken the negative rates step, but the BoE is yet to follow suit. Share The BoE’s Monetary Policy Committee (MPC) voted unanimously to keep rates at record-low levels. However, it cautioned that the outlook for the year remains “unusually uncertain”. “The PRA understands that the majority of firms would be able to implement tactical solutions to accommodate a negative Bank Rate within six months, without material risks to safety and soundness. The finding came from a review of how prepared lenders like HSBC, Lloyds and Barclays would be to implement negative interest rates for the first time, which it published alongside its policy decision. It was widely expected that policymakers would keep interest rates on hold at today’s meeting, despite continued speculation that a negative interest rates could be introduced. Old Lady also keeps bond-buying programme at £895bn HSBC’s chief investment officer Willem Sels said that it was natural that the Bank had held off fiddling with its policy given the uncertainty. In a statement, the central bank said that it was expecting a rapid recovery in GDP towards pre-pandemic levels in 2021, led by the UK’s vaccination programme. But Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said that the review was not a signal that negative interest rates would follow later in the year. Thursday 4 February 2021 12:45 pm Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItUndoMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoThe Legacy ReportMan Who Predicted 2020 Crash 45 Days Early Issues Next Major WarningThe Legacy ReportUndoTaco RelishSuspicious Pics That Are Fishier Than The SeaTaco RelishUndoDental Implants | Search AdsDental Implants For Seniors Paid By MedicareDental Implants | Search AdsUndoCarsGeniusThese 4 Loaded SUVs Are Now Dirt CheapCarsGeniusUndoMagellan TimesIf You See A Red Ball On A Power Line, Here’s What It MeansMagellan TimesUndolast_img read more

UK economy grew by 2.3 per cent in April as high street and hospitality reopened

first_img “Today’s GDP number confirms that the UK is witnessing a strong recovery,” said Emma Mogford, fund manager of Premier Miton. Share Damian Shepherd “The release of pent up demand, as consumers return to shops and restaurants, is significant. Investment by businesses is also picking up, now that there is greater certainty over the outlook post-Covid and post-Brexit.” A group enjoy a pint at a Soho pub after the UK’s hospitality sector reopened. (Photo by Dan Kitwood/Getty Images) Britain’s economy grew by 2.3 per cent in April as government restrictions affecting economic activity continued to ease. Last month, the Bank of England raised its forecast for British economic growth in 2021 to 7.25 per cent from February’s estimate of five per cent. Also Read: Exclusive: Government says return to the office is up to ‘personal discretion’ when restrictions ease “Today’s figures are a promising sign that our economy is beginning to recover,” finance minister Rishi Sunak said in a statement. whatsapp Within production, mining output dropped sharply, by 15 per cent, because of planned temporary closures for maintenance of oil field production sites. “Consumer confidence has surged higher in recent months as the reopening continues, which bodes well for more domestically-focused companies.” Also Read: ‘Nothing is negotiable’: France threatens to veto any changes to Brexit deal by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItNational Injury BureauJury Finds Roundup Responsible For Lymphoma | Bayer To Pay $10 BillionNational Injury BureauDrivepedia30+ Funny Photos Of Car Owners Having A Rough DayDrivepediaMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarGameday NewsMichael Oher Tells A Whole Different Story About ‘The Blind Side’Gameday News Meanwhile, the construction sector contracted by two per cent following a strong March, with new work slowing down faster than repair and maintenance. The service sector grew by 3.4 per cent during the month, with consumer-facing services reopening as Covid restrictions eased.center_img That would be the fastest annual growth since 1941 when Britain was recovering during World War Two. Service sector shines Sunak: ‘Promising sign’ It was the fastest monthly growth of gross domestic product (GDP) since July last year and exceeded economists’ forecast of a 2.2 per cent jump. “While overall output remains just above pre-pandemic levels, driven by an increase in repair and maintenance work, new work contracts declined which bucks recent growth trends.” Friday 11 June 2021 7:44 am UK economy grew by 2.3 per cent in April as high street and hospitality reopened “Today’s figures show that although confidence is returning to the construction sector, this remains delicate and growth in specific work sectors is mixed,” said Clive Docwra, Managing Director of McBains. whatsapp April’s GDP remains 3.7 per cent below the pre-pandemic levels seen in February 2020, but is now 1.2 per cent above its initial recovery peak last October. Also Read: Boris Johnson: Call UK-US partnership the ‘indestructible relationship’ Output in the production sector fell by 1.3 per cent during April, the worst fall since January as three of the four sectors contracted. “We’ve grown accustomed to erratic GDP figures since the pandemic, but today’s data confirms that the UK reached a turning point in April, when the re-opening of non-essential retail and easing of hospitality restrictions boosted spending,” said Jonathan Sparks, chief investment officer at HSBC. In comparison with April 2020, monthly GDP in April 2021 is estimated to have grown by 27.6 per cent. Show Comments ▼last_img read more

Pandemic isn’t stopping Juneau’s graduates from being hopeful about life after high school

first_imgCoronavirus | Education | Juneau | Juneau Schools | Mental HealthPandemic isn’t stopping Juneau’s graduates from being hopeful about life after high schoolJune 10, 2020 by Mandy Nguyen, KTOO Share:Like many around the country, Juneau’s recent high school graduates have had to navigate online classes, separation from their peers and a socially-distant graduation ceremony without precedent. Though not all seniors have experienced the pandemic in the same way.Audio Player Up/Down Arrow keys to increase or decrease volume.Zakia McCorkle, a graduate from Juneau-Douglas High School: Kalé, has prioritized her health during her last semester, staying socially isolated with her family.(Courtesy of Zakia McCorkle)“I’ve a bad immune system, so I’ve been really locking down and holding up and kind of, like, borderline paranoid, but I know it’s for the best,” McCorkle said.Some students are dealing with housing and health insecurity. Others have struggled with online classes and mental health. And many have been floundering with their endless free time.Monie Dunlap, a graduate from Yaakoosge Daakahidi High School, had just finished up all their school credits before they were told to stay home.Dunlap also had plans to make their own regalia to dance at Celebration before the event was canceled.  They’ve managed these changes by pouring energy into other activities, like learning Tlingit and making masks at Elizabeth Pretatrovich hall to send to other Alaska communities.Max Wheat, a graduate at Yaakoosge Daakahidi High School, said on Juneau Afternoon that he and his friends have mainly been “bored out of their minds” while finishing their senior year at home. He says that’s a relief since he had expected mental health issues in his community to soar.Wheat remains optimistic and is looking forward to the day he can hug people again.(Courtesy of Max Wheat)“You see a friend, give him a hug. You see an uncle you haven’t seen in forever, give him a hug. You know what I mean? It’s going to be good,” Wheat said.The pandemic has brought immense uncertainty for students, but for some, it has brought a renewed sense of purpose.For McCorkle, the pandemic has reaffirmed her commitment to tackling social inequality after graduation. She intends to work at Job Corp, a free vocational training program by the United States Department of Labor, and wants to one day open a domestic violence shelter.“The rates have drastically shot up for domestic violence,” McCorkle explained, ”I feel like it’s something that we’re becoming more aware of, but we still don’t have enough resources for those that are in need … In most of high school, it was me trying to pursue how to help others … so I can better address everything from domestic violence to LGBTQ circumstances and other bad situations.”As for what she’s looking forward to after graduating, she said without hesitation: “Freedom.”A little abashed, she clarified, “You know it’s the little things!… From going to classes that I choose to go to or eating ice cream when I want to. ”As she and other graduates pack and prepare for life after high school, McCorkle thinks that the pandemic shouldn’t stop them from staying hopeful.“I think time is really precious. And I don’t think we should be wasting it on anything that you think is not worth it, whether that’s friends you have or jobs you’re pursuing,” McCorkle said. “If you don’t see yourself loving it or you’re not enjoying what you’re doing, why do it?…That could just be me sounding young, but I don’t see the point.”Share this story:last_img read more

LaoisToday Podcast: Paddy McDonald on setting up Laois’s first craft brewery, ongoing challenges and his hopes for the future

first_img LaoisToday Podcast: Paddy McDonald on setting up Laois’s first craft brewery, ongoing challenges and his hopes for the future WhatsApp Electric Picnic organisers release statement following confirmation of new festival date Home We Are Laois Podcasts LaoisToday Podcast: Paddy McDonald on setting up Laois’s first craft brewery, ongoing… We Are LaoisPodcasts Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Pinterest Electric Picnic Electric Picnic WhatsApp RELATED ARTICLESMORE FROM AUTHOR Facebook In this latest LaoisToday Podcast, we chat with Paddy McDonald, owner of Laois’s first craft brewery – 12 Acres in Killeshin.Although he started out his working career as a Quantity Surveyor, he always had an interest in brewing and soon developed this into a business.Initially he used a contract brewer in West Cork before building his own facility on the family farm in Killeshin.He now supplies supermarkets, off licenses, hotels and bars all around Ireland and also exports to customers in France and Russia.In this chat, he discusses the ongoing challenges, his hopes for the future and the thrill of securing a good deal.You can listen to the podcast on Apple Podcasts, Spotify or below on Soundcloud.The LaoisToday Podcast · Paddy McDonald, 12 Acres BrewingThe LaoisToday Podcast is brought to you in association with iCashco, market leaders in automated cash handling.SEE ALSO – LaoisToday Podcast: Pippa Hackett on her Green rise, growing up in Mayo, switching to organic farming and life in Leinster House TAGS12 AcresLaoisToday podcastPaddy McDonald Previous articleKind-hearted Laois girl inspires school to raise money to help save Dublin ZooNext articleCheddar Plunkett set to return as Laois hurling manager as Brennan takes up role with Cuala Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. By Steven Miller – 4th December 2020 Electric Picnic Twitter Twitter Pinterest Facebook Electric Picnic apply to Laois County Council for new date for this year’s festivallast_img read more

IFIC conference focuses on innovation

Share this article and your comments with peers on social media Modi on meeting IIROC guidelines on social media Advice and the success of the Canadian fund industry Related news Increasing the incentive to save IE Staff Boomers must balance retirement savings with paying down debt “The investment funds industry is a major success story,” Gowland commented. “Canadians have put their faith in our products. We have witnessed excellent growth in our eight decades of innovation and investor support.” This year marks the 80th anniversary of the mutual funds industry’s entry into the Canadian marketplace as well as the 50th anniversary of IFIC. The industry has grown from 20 funds with assets under management of $540 million in the early 1960s to 2,800 funds with assets of more than $800 billion today. Gowland noted that the industry’s significant product innovation has been a major factor in its success. Product innovations include funds designed for short-, medium- and long-term needs and offering various levels of risk, as well as some designed to address the needs of investors who have an affinity for ethical funds, socially responsible funds, Sharia-compliant funds, RRSP-eligible families of funds, funds with international features and fund wraps. He also referred to the critical role that financial advisors play in instilling a savings culture in their clients, and in helping them to make financial decisions that are well-suited to their individual needs. Gowland noted the importance of providing individuals with clear and meaningful information on all of their financial products so that they can make informed decisions that are best suited to their circumstances. He also spoke about the industry’s commitment to financial literacy, and about the significant impact that mutual funds have on the Canadian economy by providing affordable pools of capital for Canadian companies to grow, innovate, and create quality jobs. He noted that mutual fund companies invest $460 billion in Canadian companies, large and small. Following Gowland’s address, industry leaders and regulators heard from featured speakers, including noted Canadian tax expert, Jack Mintz, chairman of the Calgary School of Public Policy; international author and former chief evangelist at Apple, Guy Kawasaki; and Ontario Finance Minister and Deputy Premier Dwight Duncan. Bundled products taking off Keywords Investment fundsCompanies Investment Funds Institute of Canada Glen Gowland, the new chairman of the Investment Funds Industry of Canada (IFIC) used his keynote speech Wednesday at IFIC’s annual conference to set out the three major themes he intends to pursue during his term of office and to challenge other investment product providers to match the mutual fund industry when it comes to disclosure. In addition to serving as chairman of the board at IFIC, Gowland is also managing director & head, Canadian wealth management – distribution, Scotiabank. Facebook LinkedIn Twitter read more

SLGI Asset Management terminating two mutual funds

first_img Share this article and your comments with peers on social media IE Staff SLGI Asset Management Inc. is terminating two mutual funds that invest in India.The Sun Life Excel India Balanced Fund and the Sun Life Excel New India Leaders Fund will close on July 30, the asset manager said on Monday. As part of the termination, SLGI will liquidate the investments of both funds and distribute the proceeds to unitholders.Both funds are closed to new purchases. SLGI is also waiving the management fees, short-term trading fees and deferred sales charge/low-load sales charge redemption fees for both funds.A special distribution will be paid to unitholders of the Sun Life Excel India Balanced Fund on Monday in addition to the regular monthly distribution.The special distribution is expected to cover the total amount of capital gains and foreign income earned by the balanced fund in 2021, less the amounts that have already been distributed.The balanced fund may be required to pay out an additional distribution if the capital gains and foreign income exceed the estimated amount. If the distributions exceed the capital gains and foreign income earned, the difference will be characterized as a return of capital to investors.The India Leaders fund will not make a special distribution but may be required to make a final distribution if the fund’s capital gains and foreign income exceed estimates for 2021.Both funds invest in a distinct class of shares of Excel Funds Mauritius Company Ltd. Once the funds are terminated, Mauritius Company will be wound up.For further information on the special distributions, see SLGI’s release. Related news Facebook LinkedIn Twitter Purpose looks to fill retirement income gap with longevity fund Franklin Templeton launches new real asset fund cropped shot of hand with scissors cutting red tulip flower in bottle lightfieldstudios/123RF Keywords Mutual funds,  Fund caps and terminations IG Wealth amends product shelflast_img read more

Near Moncton? You’ll wanna see the Atlantic Nationals Car Show

first_img ‹ Previous Next › The Rolls-Royce Boat Tail may be the most expensive new car ever Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Victoria Day weekend is fast approaching and, as the unofficial start of summer for most of the country, gearheads across the nation will be hauling out their seasonal rides or taking the winter tires off their year-round dailies.Just today, your author spotted a Civic Type R and WRX STI having fun with each other in traffic. Yep—summer’s around the corner.Another surefire way to gauge the approach of warm weather? The appearance of car shows, naturally. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Here in the east, show season is headlined by the Atlantic Nationals, now in its 19th year. Annually held on the first weekend of July, it’s grown to attract nearly 2,000 cars, all of which are on proud display in and around Centennial Park in Moncton, New Brunswick.Do you like Corvettes? There will literally be a field of them. Sport compacts? Yep, there’s an expansive section for those, too. Along the way, you’ll find Jeeps winched up hills to be displayed at gonzo angles, along with plenty of live music and food vendors.The place is packed with an outrageous amount of American muscle, too. Main show days at the park are Saturday and Sunday.With this much activity, you know the place attracts a few celebrities looking to get in on the action. Dennis Gage has filmed more than one episode of My Classic Car at the event. This year, legendary automotive builder Gene Winfield will be in the house, along with Hollywood hotshoe Andrew Comrie-Picard.Everyone who enters a car into the show gets a chance to win prizes from a huge giveaway pool, the grand prize of which is a custom ’50 Ford.Splitting the weekend on Saturday night is one of the best cruise nights east of Montreal. The entirety of Mountain Road, a main drag in Moncton, is filled with hot rods and collector cars oozing their way into the night. The street is a four-lane thoroughfare, with cruisers sticking to the outside lanes and gearheads lining the sidewalks hoping to get a glimpse of some sizzling metal. It’s an electric party atmosphere—‘cept this party stretches about five kilometres longThis year, the action at Centennial Park is on July 6 and 7. Pro tip: get there mid-morning Saturday, as all hands usually skedaddle out of the show area by 5:00pm that day. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | virtual panelPlayThese spy shots get us an early glimpse of some future models | RELATED TAGSNewscar showsMonctonNew BrunswickNewssummercenter_img COMMENTSSHARE YOUR THOUGHTS advertisement Trending in Canada Trending Videos Summer’s here, baby. We’ll have boots on the ground at events like these this year, so stay tuned for some cool stories about some hot cars. See More Videoslast_img read more

CU Parents Association Awards $40,000 In Grants

first_imgThe Parents Association at the University of Colorado at Boulder has awarded $40,269 in grants to 16 campus programs that help enrich student life. The grants are awarded annually to CU-Boulder organizations whose projects build community, promote diversity, improve student safety or meet other association goals. Projects and programs receiving awards include: * Healthy Kid Day, Athletic Department: Healthy Kid Day is held in Folsom Stadium on the same day as the spring training football game. The program helps introduce local children to healthy lifestyles and demonstrates how sports participation contributes to this goal. Participants work their way through a variety of stations and activities supervised by CU athletes and earn prizes for their efforts. * The CU Mock Trial Team, composed of students interested in the legal process. Each year the American Mock Trial Association creates a fictional case. Students act as both attorneys and witnesses and prepare opening statements, closing arguments and direct/cross examinations for both sides of the case. The students later participate at competitions throughout the country. * Medical Mission to Costa Rica: Several CU students, members of the Foundation for International Medical Relief of Children, work to provide medical relief to underserved children in the United States and abroad. The organization focuses on three things: fundraising to set up and finance clinics around the world, local philanthropy projects to help children in the United States, and international missions to set up and operate medical clinics in underserved areas and to bring needed supplies and vitamins. This grant will help CU students travel to a village in Costa Rica to accomplish the third goal. Additional grants were awarded to the CU Leadership Development Program, Model UN Regional and National Conference, Honor Code Council Integrity Week and a nutrition class series, among others. The grants are made possible through gifts to the Parent Fund and other fund-raising efforts. For more information on the grant program, contact George “Barney” Ballinger, director of the Office of Parent Relations at (303) 492-1098. To learn more about the CU Parents Association visit the Web site at Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Feb. 14, 2005 last_img read more

Registration Now Open for El Dorado Grower Discussion on Vineyard Cultural…

first_imgAdvertisementPLACERVILLE, CA: Registration is now open for the El Dorado Wine Grape Growers Association meeting on August 19, at 6:30pm. The discussion via Zoom is with Lynn Wunderlich, Farm Advisor with the U.C. Cooperative Extension-Central Sierra, and Charlene Carveth, El Dorado County Agricultural Commissioner. The topics covered include the importance of using licensed and ELDO-registered farm labor contractors, mitigating heat stress, nutritional deficiencies, powdery mildew and mealey bugs in the Foothills.There is no cost to participate but registration in advance is required to get the Zoom meeting login. After registering, a confirmation email with login information will be sent. The link to register can be found here.For more information regarding the meeting or the El Dorado Wine Grape Growers Association, contact Karen Thomas at [email protected] or 707-853-3025.The El Dorado Wine Grape Growers Association is committed to helping growers to improve quality and market visibility of wine grapes grown in El Dorado County. For more information visit our website Pinterest Email Share Facebook TAGSEl Dorado Wine Grape Growers Association Linkedin Home Industry News Releases Registration Now Open for El Dorado Grower Discussion on Vineyard Cultural Issues…Industry News ReleasesWine BusinessRegistration Now Open for El Dorado Grower Discussion on Vineyard Cultural Issues and Pre-Harvest Matters Including Farm Labor Contractors, August 19By Press Release – August 17, 2020 107 0 Twitter ReddIt Previous articleCOVID-19 Restrictions Pushes East Coast Wineries Toward Reservation-Only Business ModelNext articleBonterra Organic Vineyards Brings Climate-Friendly Practices to Life with “Tastes Like Saving the Planet” Advertising Campaign Press Releaselast_img read more

$107 Million Allocated to Reform Programme of JCF

first_imgFacebookTwitterWhatsAppEmail A sum of $107 million has been allotted to the Jamaica Constabulary Force (JCF) Reform Programme, as outlined in the 2013/14 Estimates of Expenditure, which is now before the House of Representatives.The programme aims to provide budgetary support for crime fighting activities in the island.The allocation for this fiscal year will go towards: the purchase of equipment and mobile police labs; training in leadership and accountability capacity for Police Officers; salaries of international Police Officers; and Performance Management Appraisal System (PMAS) sensitization.Initial targets originally envisaged include: capacity building and training of senior police officers; management and leadership training; procurement of mobile labs; and the development of forensic master plans.The project, which is slated to end in March 2015, is being implemented by the Ministry of National Security, with funding support from the Department for International Development. $107 Million Allocated to Reform Programme of JCF National SecurityApril 7, 2013 Related$107 Million Allocated to Reform Programme of JCF Related$107 Million Allocated to Reform Programme of JCFcenter_img Related$107 Million Allocated to Reform Programme of JCF Advertisementslast_img read more