Showing posts with label benefit. Show all posts
Showing posts with label benefit. Show all posts

Friday, September 26, 2014

Jamaica set to benefit from US economic recovery

12:00 am, Fri September 26, 2014

Nick Chamie, Scotiabank’s Global Investment Strategist, believes Jamaica is set to benefit from the rebound in the U.S. economy. 
Mr Chamie, who was speaking at a Scotiabank seminar in Kingston on Thursday, said improvements are already being seen on U.S. household balance sheets.      
Those improvements have resulted in Americans starting to borrow again, which he believes, will push private sector growth in that country.     
Mr Chamie said that means the U.S. dollar will reclaim its strength and become the best performing currency in the next five years. He said that trend will benefit Jamaica, though he did not elaborate.

He pointed out that the global economy has recovered 65 per cent of  its decline since the world wide recession in 2008. Full recovery is expected to take another four years.


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Jamaica set to benefit from US economic recovery

Friday, September 19, 2014

Scoliosis patients benefit from Clarendon 5K run

Horace Fisher, Star Writer

Scoliosis patients, Sharnette Grandison and Shonique Evans, will benefit from this Sunday’s inaugural Clarendon Youth Information Centre, Youth for Change and the Discover U Athletics’ Club 5K Walk/Run road race in May Pen, Clarendon.

The 5K fundraiser, which will get under way at 4 p.m., from Shermane’s Sweatshop at the traffic lights, before making its way up Jackson Street, Anderson Drive, Fernleigh Avenue and along Main Street to the Juici Patties store at Guinep Tree, where up to 100 participants will walk away with medals.

“The 5K was conceptualised specifically to raise much need funds for the two scoliosis patients,” Youth for Change chairman, Dei Rasi Frecklelton told The Star. “Both girls’ educational development has been disrupted by the debilitating disease and they are in need of corrective surgery, however, neither can afford the associated costs, therefore, we are fundraising to offer them some financial assistance.”

organising committee

According to the youth’s advocate, the 5K’s organising committee approached a number of companies for sponsorship and when this wasn’t forthcoming, the committee and its cadre of volunteers took to the streets for a walkaton.

“The response from corporate Jamaica, and even companies in Clarendon has, so far, been dismal to say the least, but, not even that could deter us from our objectives to assist Sharnette and Shonique,” he added.

For participation in this Sunday’s 5K, runners/walkers 18 years and over will pay a $600 registration fee. Children 13-17 will pay $400 and those under 13 will pay $200.

Frecklelton said Better Grade Educational Institute has offered a full scholarship to Shonique Evans for her to continue with her educational development.


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Scoliosis patients benefit from Clarendon 5K run

Wednesday, September 10, 2014

Jamaica to benefit from US$105 million World Bank loans

WorldBank_Headquarters_218992895WASHINGTON D.C., United States, Friday September 5, 2014, CMC – Jamaica has signed three loans totalling US$105 million with the World Bank to support a number of government projects.

Finance and Planning Minister Dr. Peter Phillips, who is leading a four-member delegation to the United States, Wednesday signed the accord, while World Bank Country Director for the country, Sophia Sirtaine, signed for the bank.

The loans are in support of three government projects – the Foundation for Competitiveness and Growth, which will receive US$50 million; the Youth Employment in Digital Animation Industry, US$20 million, and the Strategic Public Sector Transformation Project, US$35 million.

“The projects are intended to further the overarching goals of the government of Jamaica-World Bank Country Strategy for the period 2014 – 2017; to support the government’s investments in key strategic areas, including physical sustainability in youth employment; public sector modernization and to facilitate a more enabling environment for private sector growth,” Phillips said.

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He said the loans represent an important cooperation between the Government of Jamaica and the World Bank, and is aimed at advancing the prospects for growth as the country goes through a strenuous economic reform programme that forms part of the agreement with the International Monetary Fund (IMF).

Phillips said the Portia Simpson-Miller administration will do its utmost best to ensure a smooth implementation of the three projects, noting that the funds for the Foundation for Competitiveness and Growth project will enhance competition in the business environment, facilitate strategic private investments and support Small and Medium Enterprises (SMEs).

Funds for the Youth Employment in Digital Animation Industry will provide training and coaching for over 200 young Jamaicans, enhance entrepreneurial skills and create 150 start-up companies.

Under the Strategic Public Sector Transformation Project, the funds will be used to strengthen public investment management systems, budget preparation process and property tax compliance administration.

In her remarks, the World Bank official praised Jamaica for implementing programmes aimed at spurring economic growth.

She said the bank is committed to working with Jamaica in ensuring the success of its various economic programmes.


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Jamaica to benefit from US$105 million World Bank loans

Thursday, July 24, 2014

Caribbean HIV / AIDS fight to benefit from USAID US$500m global fund

USAID said the investments illustrate how it is supporting the next phase of PEPFAR, and the global HIV and AIDS response. USAID said the investments illustrate how it is supporting the next phase of PEPFAR, and the global HIV and AIDS response. (File: Caribbean360 / bigstock)

MELBOURNE, Australia, Wednesday July 23, 2014, CMC – The United States Agency for International Development (USAID) recently announced that over US$500 million will be allocated for new efforts to achieve an aids-free generation in the Caribbean and other countries around the World.

The new programmes will support implementation of the blueprint for the US President Barak Obama’s Emergency Plan for AIDS Relief (PEPFAR), USAID said.

Announced at the 20th International AIDS Conference (AIDS 2014) here, USAID said the investments illustrate how it is supporting the next phase of PEPFAR, and the global HIV and AIDS response.

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“With this substantial investment, USAID and PEPFAR are better able to sustain a lasting impact in the global fight against HIV and AIDS,” said USAID Assistant Administrator for Global Health Ariel Pablos-Méndez.

“By strengthening high impact interventions, engaging key populations, and supporting the capacity of local partners and host country governments, we know that it is possible to accelerate the end of this epidemic and realize the promise of an AIDS-free generation,” he added.

USAID said the awards include US$250 million that will be implemented over five years for strengthening the impact interventions for an AIDS-Free Generation (AIDSFree).

It said the award also comprises USAID’s Linkages Across the Continuum of HIV Services for Key Populations Affected by HIV (LINKAGES), a US$73 million award that will also be implemented over five years.


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Caribbean HIV / AIDS fight to benefit from USAID US$500m global fund

Wednesday, July 2, 2014

No immediate benefit to consumers from fall in grain prices

Despite declines in the cost of  corn and wheat on the international market, Jamaican consumers will not see an immediate reductions in food prices. In that regrd, Ian Parsard,  Vice President for Finance and Energy at Jamaica Broilers, pointed to the continued slide in the value of  the Jamaican dollar.

“Looking at both things in context, it’s difficult to give a precise answer at this point in time,” he said.

Nevertheless, he argued, “we do feel that things are pretty much in a balance now in terms of the reduction in grain prices being almost matched equally by the devaluation of the dollar.”

That being the case, he said, consumers should not see “an immediate price increase.”

Beyond that, he would only express a wish  that that there could be a price reduction, “if there is some stability in the dollar.”


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No immediate benefit to consumers from fall in grain prices

Tuesday, July 1, 2014

No immediate benefit to consumers from fall in grain prices

Despite declines in the cost of  corn and wheat on the international market, Jamaican consumers will not see an immediate reductions in food prices. In that regrd, Ian Parsard,  Vice President for Finance and Energy at Jamaica Broilers, pointed to the continued slide in the value of  the Jamaican dollar.

“Looking at both things in context, it’s difficult to give a precise answer at this point in time,” he said.

Nevertheless, he argued, “we do feel that things are pretty much in a balance now in terms of the reduction in grain prices being almost matched equally by the devaluation of the dollar.”

That being the case, he said, consumers should not see “an immediate price increase.”

Beyond that, he would only express a wish  that that there could be a price reduction, “if there is some stability in the dollar.”


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No immediate benefit to consumers from fall in grain prices

Sunday, September 1, 2013

Students to benefit from Courtney Walsh Awards

THE presitgious annual Courtney Walsh Award for Excellence is considering adding a dimension where students will be recognised for their outstanding contribution to sports in tandem with academic excellence.

“This year, it is proposed that the Student Excellence Awards be introduced for nominees at the secondary education level. Schools will be asked to nominate one student who has displayed excellent qualities in academic performamce and represented the school in sport, while showing team commitment and good tenets for fair play,” according to the awards organisers.Should it be introduced this year, the winning students, who must be Jamaican nationals and currently in Grades 10 to 13 of secondary school, will get trophies, tablets and one year free Internet service.Also, the schools of the winning students will get a Supreme Ventures plaque and $250,000 award for development of a specified project to benefit the students and the institution.Meanwhile, nominations for the coveted and ninth annual Courtney Walsh Award for Excellence opened with a press launch at Cuddy’z Sports Bar and Restaurant, New Kingston Shopping Centre in Kingston on Thursday evening.In addressinng the function, Brian George, chairman of the Courtney Walsh Award for Excellence Selection Committee, extolled the exemplary qualities with which Ambassador Walsh used to distinguish himself on and off the field of play.The Courtney Walsh Award for Excellence is presented annually to an outstanding male or female Jamaican athlete between the ages of 18 and 40, who has represented the country at the senior level.The award is administered by the CHASE Fund.Inaugurated in 2005, the award is based on the positive attitudes demonstrated by Ambasador Walsh, and which makes him an exemplary role model.For the main award, nominees must exhibit for consideration a history of outstanding achievement in their chosen sport, with notable achievements in the calendar year preceding the award; a spirit of sportmanship and goodwill, reflected by truthfulness, courtesy and respect when dealing with other players/competitors and administrators; amodel of sporting endeavour, dedicated to improving individual performance; hard work and excellence in competition; strong national pride; appropriate leadership skills; appropriate deportment; a high level of discipline and integrity, both inside and outside of the sports arena; and humility in the face of victory.A selection committee, comprising a representative each from CHASE, the Inter-Secondary Schools Sports Association (ISSA), the Jamaica Olympic Association (JOA), the Jamaica Cricket Association; the Sport Media; the institute of Sports (INSPORTS), the Sport Development Foundation (SDF) and three directors from the CHASE Board, is responsible for processing nominations and selecting the awardee each year.Since the introduction of the prestigious award, eight top achievers whose consistently excellent performances are recognised in Jamaica and oversees have been honoured. They include: James ‘Jimmy’ Clive Adams, 2005; Deon Hemmings, 2006; Elaine Davis, 2007; Nehemiah Perry, 2008; Brigitte Foster-Hylton, 2009; Aleen Bailey, 2010; Dr Neil Gardner, 2010; Veronica Campbell Brown, 2011.(From left) Brian George, chairman of the Courtney Walsh Award for Excellence Selection Committee; Dr David McBean, chairman Supreme Ventures Foundation; William ‘Billy’ Heaven, chairman of the Chase Fund and Ambassador Courtney Walsh at the launch of the awards at Cuddy’z Sports Bar in New Kingston on Thursday evening. (PHOTO: GARFIELD ROBINSON)

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Students to benefit from Courtney Walsh Awards

Monday, August 26, 2013

63 benefit from Hope Gospel project

SIXTY-THREE students last week received scholarships totalling $440,000 from the Hope Gospel Assembly in recognition of their achievements at the primary and high school examination levels.

The students who scored an average of 70 per cent and above in their class, GSAT and CXC examinations, came from the communities of Gordon Town, Kintyre, Elletson Flats, Sandy Park, Stand Pipe, Trench Town, Rockfort, and Mountain View in the Corporate Area.The students received from $5,000 to $20,000 towards back- to-school purchases and tuition fees.“We gave out 63 scholarships this year, which is less than last year,” senior pastor at the Hope Gospel Assembly Rev Peter Garth said, following the informal awards ceremony held on the church grounds, Old Hope Road two Saturdays ago.“Last year we gave out over 80 [scholarships] at a value of slightly over $600,000. This year it was cut back to $440,000.”The cutback, he explained, was not intentional but as a result of not having as many sponsors as in prior years due to economic constraints.However, there were companies which, and individuals who rose to the challenge at the last minute, following a Jamaica Observer article published on Tuesday, August 13, which highlighted the plight of the church, prior to the distribution of the scholarships on Saturday of that week.Among the individuals making contributions was one man from Dubai, located in the United Arab Emirates, who took up the challenge after reading the article. He gave $130,000.“The person in Dubai said he is willing to help further, but could not do more because of the short notice,” Rev Garth said. “Many of our sponsors rose to the challenge to assist us with scholarships. Other sponsors were from Cayman, Boston, Alabama, and New York.”Among the list of sponsors were Rev Garth’s daughter, Charlene Garth Kampert and her husband Mark, who reside in Boston.“The biggest sponsor of the back-to-school scholarship for this year is Charlene Garth,” he told the gathering, after explaining the near miss event. “She contributed more than the companies. Her heart is still right here in Jamaica.”The Kamperts contributed $150,000.Companies which awarded scholarships were Jamaica Broilers and Jamaica National Building Society.Individual scholarships were donated by Winston Robinson, Nadine Tufton, Dr Neil and Carolyn Gardener, Bruce Scott, Paula and Carlton Rhoden, Jonathon Garth, Dr Billy Foster, Charlene and Mark Kampert, Kerry-Ann Walker, Keisha Green, Pat Reid, Glen Burke, Davian Cotchwell, Pauline Powell and Emily Rose.Among the recipients were Andrea Allen from Campion College who received the Charlene and Mark Tampert scholarship, valued at $20,000 after earning nine ones in her CXC subjects, and her schoolmate Shaina Ferguson who received the Billy Foster scholarship also valued at $20,000, after scoring seven ones and one two in her CXC exams.Ferguson, who is from Kintyre, attends Campion College. She scored grade one in Biology, English Language, English Literature, Technical Drawing, Accounts, Art and Mathematics, and a grade two in Spanish.“I wish we could do more for these children,” Rev Garth said after handing over the cheque to Ferguson. “We at Hope Gospel believe in those who are doing well.”Also receiving a scholarship was a child whose mother called a radio station the day before the ceremony, asking for help for her child to go back to school.“My wife heard it and she called me at the 11th hour to say you have to do something for this lady. And I called the radio station and I said yes, we are going to do something for her son.He too received the Charlene and Mark Kampert scholarship valued at $20,000.“He is a special case and we plan to follow-up with help,” he told the Jamaica Observer afterwards. “In fact we plan on giving him another scholarship for another $20,000,” he said.Despite the challenges, Rev Garth said that he refused to cancel the event.“I refused to cancel the event, and my philosophy is no matter how small it is we will see how much we can give out,” he said.The scholarships were given away during a back-to-school fair in which children were presented with GSAT books, school supplies, exercise and reading books, khaki uniforms and school bags.“We had close to 1,000 packages, bags and so forth,” Rev Garth said. But we will have another round in September because we have bags that are on the way into Jamaica, so a few more hundred persons will benefit with bags, books and the regular school items in those bags. Edu-pack in Altanta contributed 1,600 bags but they did not make it in time,” he said.“And those who have got scholarships for the second or third time they have done well and that says that we are doing something that is right,” he said.“We want to thank God that individuals came through this year (as sponsors). We start at the primary school, we looked at grades five and six and into high schools, but a lot of sponsors want to focus on those leaving the primary going into high schools — like first formers,” he explained.“And then we take on a few others, but we don’t go beyond high school. We may throughout the year help university students and UTECH students to buy books here and there but this is the actual fair. But throughout the year we assist children to go back to school. We have been having the back-to-school fair for five years. But for the past 20 something years we have been helping people with back to school. But it got so large that we decided to turn it into a fair.Sponsors of the day’s event were Digicel, Lime, Jamaica Broilers, National Commercial Bank, Kingston Bookshop, Ligunea Drug and Garden Centre and Tent City.A number of parents and children turned out at the Hope Gospel Assembly back-to-school fair held two Saturdays ago, during which 63 students received scholarships totalling $440,000. (PHOTO: MICHAEL GORDON)

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63 benefit from Hope Gospel project

Monday, July 8, 2013

Pig farmers to benefit from CPJ-led export thrust

THERE is a wave of excitement in the local pig farming industry as Caribbean Producers Jamaica Ltd, (CPJ) has identified several markets for commercial export of Jamaican pork.

Hundreds of pig farmers stand to benefit from the export thrust, as CPJ targets markets in St Maarten, St Lucia, Antigua & Barbuda, the Bahamas, the Cayman Islands, the Turks and Caicos Islands, Aruba, and Curacao.To drive the exports, CPJ has joined forces with Sweet River Abattoir, which is one of the leading slaughterhouses in Jamaica, handling pigs supplied by almost 400 farmers from across the island.Sweet River is now in an advanced stage of building a new US$3-million abattoir in Westmoreland and the farmers are also investing approximately US$3-million in their growing operations to take advantage of the export opportunities. These investments feed directly into CPJ’s US$5-million, state-of-the-art meat processing plant at its Montego Bay headquarters.Sweet River’s managing director, Valdence Gifford, a veteran in the local pork industry, said that his company, which currently operates at another facility, is looking forward to the completion and full commissioning of the new abattoir in Westmoreland. “When we move operations to our new home, we anticipate that we will more than double our production. We have been partnering with approximately 400 pig farmers from 10 parishes, but there is potential to expand to almost 1,000 pig farmers when the new plant is opened and operating at capacity,” Gifford said.It is against this background that Gifford is convinced that the export initiative has come at an opportune time.“Let’s face it, we cannot consume all the pork we produce in Jamaica and for the industry to remain viable and grow, moving aggressively into the export market is essential. Our new plant, when complete will gain international quality certification such as Hazard Analysis and Critical Points (HACCP), Good Manufacturing Practice (GMP) and International Organisation for Standardisation (ISO), and additionally the farmers we purchase pigs from will have to be certified by the Rural Agricultural Development Authority (RADA). We are positioning ourselves to deliver the best quality pork products, both locally and overseas,” he said.When completed, Valdence Gifford expects his Sweet River Abattoir to directly employ 50 people, but it is the indirect employment possibilities which are enormous. “We are projecting that with the increased numbers of farmers selling us pigs to be slaughtered, there will be a huge spin-off effect, both in terms of the numbers of people employed and the earnings of pig farmers,” he added.Gifford said that the per capita consumption of pork in Jamaica is 3.3 kilogrammes annually, well below that of countries such as Canada, the United States and Cuba where the annual per capita consumption stands at 24, 28 and 45 kilogrammes respectively. He notes that with such a relatively low local consumption, tapping into exports is a prudent option.“The pig farmers along with Sweet River are 100 per cent convinced that if we can find the export markets, that we can supply them without any problems. There is full commitment among the local pig farming community to ensure that this export thrust works. We also need a strong and sustained marketing campaign to promote increased pork consumption in Jamaica,” stated Gifford.One of those pig farmers who is optimistic about the future growth of the export initiative is Henry Graham, who operates over 100,000 square feet of pig pens at his Top Gate Farms in Little London, Westmoreland.“My team has invested heavily in the growing of pigs over the years and this is the first in a long time that there is such genuine optimism about the future. The export drive means there is an outlet for our products when we have exhausted the local demand. As farmers, this will help to protect our investments, as well as earn valuable foreign exchange for the country. It is a win-win-win situation, for CPJ, Sweet River Abattoir and the farmers,” Graham said.The experienced farmer, who is treasurer of the Jamaica Pig Farmers’ Association said that the general consensus in the industry is that opening of export markets will take the farming operations to the next level.“Farmers are already seeking ways to produce more efficiently, through the research of new types of feeds and ways in which we grow the animals. The investment into a new abattoir at Sweet River in Westmoreland is also a huge boost for us because this means we can increase our production,” noted Graham.He said that other leading pig farmers such as Neville Grant in Hanover, Nathan Maylor in Burnt Savannah in Westmoreland, Menzie Black in Old Hope, Westmoreland, and Cynthia Douglas in Kellits, Clarendon are all on board in the efforts to export Jamaican pork.That view is also shared by Angella Bardowell, president of the Jamaica Pig Farmers’ Association.“The Association welcomes any company that ventures into any export initiative for Jamaican pork. This is the only way that the industry is going to grow, produce more jobs, and help us to earn valuable foreign exchange for the country in a difficult economic environment,” stated Bardowell.She noted that the local industry is strong and robust as there are over 3,000 pig farmers in Jamaica, with an estimated 1,000 as members of the Association.“There is no doubt that we have the human capital, technology and expertise to satisfy the processors who are interested in going the export route. The more we export, the more positive the impact on the livelihoods of pig farmers and their families across Jamaica,” she added.CPJ’s Executive Chairman Mark Hart and Chief Executive Officer Tom Tyler also expect a hugely positive impact on pig farming communities, because of the opening of export markets for Jamaican pork products.“We are talking about new opportunities for families across the length and breadth of Jamaica, because every time we add an export market, another grower has an outlet for his pigs and will enjoy the economic benefits which come with that,” Tyler said.Tyler noted that the commercial export of pork products will provide an avenue to absorb the excess pork butts and loins in the Jamaican market.“Through our new state-of-the-art plant, we are able not only to export these cuts, but also to find alternative ways to use them to make other products which can do well in Jamaica and overseas,” he said.Mark Hart is projecting that CPJ will export up to 10 containers of meat products, including pork, for the remainder of 2013, and two containers a month in the medium term, starting next year.“With our brand new meat processing plant, Sweet River Abattoir coming on board and the support of the farmers, the growth potential in the export market is healthy, and we look forward to improvements going forward,” Hart said.The company’s meat processing plant operates at international standards with a distinct focus on quality assurance, research and development.“We are constantly exploring ways to introduce new products and we will be able to make full use of the pork supplied to us by the Sweet River Abattoir. The plant will respond to the needs of the export thrust. We have the team, the technology and the expertise to make it happen,” Hart said.CPJ was founded in 1994 and has been listed on the Junior Market of the Jamaica Stock Exchange (JSE) since July 20, 2011. The company is one of Jamaica’s leading food-service distributors and its drive to export Jamaican pork commercially is one of its latest initiatives.

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Pig farmers to benefit from CPJ-led export thrust