Des myst?res du taux de change, les ?conomistes Thomas Lalime et Etzer ?mile se prononcent

Black Immigrant Daily News

The content originally appeared on: Le Nouvelliste

Le taux de change, en particulier les taux multiples appliques par les banques commerciales, amplifie le taux d’inflation des prix. Dans le secteur formel du march? de change, les banques affichent des taux affich?s qui sont diff?rents des taux pratiqu?s. L’?conomiste Thomas Lalime, intervenant sur Magik9 le vendredi 5 ao?t 2022, dit avoir constat? que les banques utilisent une strat?gie de segmentation qui a pour effet d’influencer ? la baisse le taux de change de r?f?rence publi? par la Banque de la R?publique d’Ha?ti (BRH).

<>, a analys? Thomas Lalime qui propose que la Banque centrale ne consid?re pas ces intervalles de taux dans le calcul du taux de r?f?rence. Cette segmentation est, selon l’?conomiste, une strat?gie des banques pour influencer, ? leur guise, le taux de r?f?rence de la BRH.

Thomas Lalime en appelle ? la responsabilit? de la Banque centrale en ce qui concerne l’autorisation des banques ? continuer ? utiliser la segmentation. <>, selon Lalime soulignant qu’au final que c’est le consommateur, oblig? d’acheter le dollar, qui sera perdant. Il rappelle que c’est ? partir de la moyenne pond?r?e du taux utilis? par les banques dans le secteur formel et le taux utilis? dans le secteur informel que la Banque centrale calcule le taux de r?f?rence.

Le taux de change a une incidence sur l’indice des prix ? la consommation. <>, a fait remarquer Thomas Lalime pour attirer l’attention sur les cons?quences de l’application des taux multiples de change dans quelque secteur que ce soit.

Par ailleurs, l’?conomiste croit qu’il y a une n?cessit? d’enqu?ter sur le circuit du dollar dans le march? informel du change. <>, a-t-il estim?.

Pour Etzer Emile qui a une position plus nuanc?e, les banques, ?tant sous un certain contr?le de la Banque centrale, ont des limites qu’elles ne peuvent pas franchir. <>, a cadr? Etzer Emile pr?cisant que les taux plus ?lev?s appliqu?s dans le secteur informel r?duisent consid?rablement la part du march? des banques dans le commerce de change.

Cette r?alit?, selon l’?conomiste, entra?ne une d?sinterm?diation hors des circuits contr?l?s dans le march? de change, avec comme cons?quences le blanchiment des capitaux, l’augmentation de l’inflation enregistr?e sur la consommation des biens et services. <>, a expliqu? M. Emile soulignant la n?cessit? d’?tendre la r?gulation de la Banque centrale au secteur informel. En revanche, l’?conomiste a reconnu que les banques obtiennent des gains importants dans la vente du dollar qui n’a aucun rapport avec leur mission principale ? savoir l’interm?diation financi?re.

? entendre Etzer Emile, la d?pr?ciation de la gourde fait l’affaire de certains acteurs. Il a r?v?l? que la marge b?n?ficiaire du secteur textile dans le change est beaucoup plus importante que la vente des produits, selon une ?tude non publi?e auquel il a particip?. <>, a rapport? l’?conomiste.

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Des acteurs du syst?me ?ducatif discutent de la transformation de l’?ducation ha?tienne

Black Immigrant Daily News

The content originally appeared on: Le Nouvelliste

Le minist?re de l’?ducation nationale et de la Formation professionnelle (MENFP) a organis?, du mercredi 3 au vendredi 5 ao?t, ? P?tion-Ville, le forum national sur la transformation de l’?ducation ha?tienne. Ce forum a permis de faire l’?tat des lieux du syst?me ?ducatif ha?tien en pr?lude au Sommet sur la transformation de l’?ducation qui sera organis? par l’UNESCO ? New York au mois de septembre.

Des acteurs venus d’horizons divers ont assist? ? ce forum national sur la transformation de l’?ducation ha?tienne. Des repr?sentants des agences onusiennes y ont pris part ?galement. Plusieurs points ont ?t? d?battus lors de ce forum de trois jours qui avait pour objectif notamment de faire l’?tat des lieux de l’environnement scolaire dans le pays, d’?changer sur l’inclusion en milieu scolaire avec un focus sur les personnes en situation de handicap et les PPVIH et identifier les acquis, les progr?s ? consolider et les d?fis.

S’agissant des d?fis, les cinq groupes th?matiques ont dress? un ensemble de probl?mes qui affaiblissent le syst?me de l’?ducation nationale.

Un participant a fait remarquer qu’on ne peut pas transformer un syst?me ?ducatif contr?l? par le secteur priv? ? 80%, plaidant pour une plus grande offre publique dans le syst?me.

Beauvil ?mile de la Ligue nationale des enseignants ha?tiens a en premier lieu critiqu? l’absence de politique ?ducative nationale dans le pays avant de poser le probl?me de langue qui augmente le taux d’?checs aux examens officiels.

Pour M. Tardieu ces 95% d’?checs dans le syst?me ont produit le niveau actuel de notre soci?t? avec les gangs arm?s qui r?gnent en ma?tres. Selon lui, il faut r?fl?chir sur quel type d’?ducation on veut avoir. Il plaide par ailleurs pour la formation acc?l?r?e et continue de 50 000 enseignants dans le syst?me.

Quid des enfants des rues abandonn?s par les autorit?s ?tatiques ? Mme Jean-Baptiste appelle ? fermer la vanne et mettre des m?canismes en place pour ?duquer ces derniers.

L’Office national de partenariat en ?ducation (ONAPE) joue un grand r?le dans la tenue de ce forum r?alis? en pr?sence de bailleurs de fonds, du directeur g?n?ral du FNE, Jean Ronald Joseph, de la coordonnatrice du Programme national de cantine scolaire (PNCS), de membres de la soci?t? civile.

Charg? de repr?senter, Bruno Maes, repr?sentant de l’UNICEF en Ha?ti, Brice Saintil salue la tenue de ce forum. ? ses yeux, la pr?sence des acteurs traduit tout l’int?r?t qu’ils portent sur la question de l’?ducation, voire l’avenir du pays. <>, soutient M. Saintil, soulignant que ces r?flexions sont engag?es ? un tournant d?cisif du pays marqu? par les impacts de la Covid-19 qui a entra?n? la fermeture prolong?e de l’ensemble des ?coles au niveau national, la violence arm?e ayant affect? les ?coles situ?es dans les quartiers sensibles de Port-au-Prince et ses environs et le kidnapping qui affecte toutes les couches de la soci?t?.

<>, avance M. Saintil de l’UNICEF. Il renouvele l’engagement de l’UNICEF ? continuer ? fournir son appui au minist?re de l’Education nationale et de la Formation professionnelle, pour permettre aux enfants, en particulier aux filles issues des familles les plus vuln?rables, d’avoir acc?s ? une ?ducation de qualit? qui leur permettra de d?velopper leur plein potentiel.

De son c?t?, la repr?sentante de l’UNESCO en Ha?ti se r?jouit de ce forum national. Tatiana Villegas-Zamora informe que transformer l’?ducation n?cessite une augmentation significative des investissements dans une ?ducation de qualit?, une base solide dans le d?veloppement et l’?ducation complets de la petite enfance, et doit ?tre ?tay?e par un engagement politique fort, une planification solide et une solide base de donn?es factuelles.

La repr?sentante de l’UNESCO dit regretter que des millions de personnes n’aient toujours pas les comp?tences de base en mati?re d’alphab?tisation, dont les deux tiers sont des femmes.

<>, plaide plus loin la repr?sentante de l’UNESCO qui parle d’une ?ducation en crise.

Le ministre de l’?ducation nationale, Nesmy Manigat, encourage ce genre de consultation qui, fait-elle savoir, est un exercice qui devrait ?tre fait chaque jour.

<>, reconna?t le ministre Manigat.

Le ministre ?voque le financement du secteur de l’?ducation qui est un poids lourd pour la famille ha?tienne. <>, indique le ministre Manigat pour qui on ne peut pas transformer l’?ducation si on n’accro?t pas les d?penses publiques de l’?ducation.

<>, invite le titulaire du MENFP.

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Woman SRP abducted, robbed

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

News

File photo

A manhunt has be launched for a man who abducted and robbed a woman Special Reserve Police officer on Thursday.

A police release on Friday said the woman, who is assigned to a specialised unit in the Northern Division, had withdrawn cash from an automated teller machine (ATM) in Sangre Grande around 5.50 pm.

She was returning to her car when she was approached by the man who forced her into the passenger seat of the car while he went into the driver’s seat.

He took from the officer her cellphone, the cash and jewellery and demanded more cash.

The man drove the car to Port of Spain and forced her to withdraw more cash from

another ATM after which he stopped the car along Broadway and escaped.

A report was made to Port of Spain police and investigations are continuing.

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Tobago Business Chamber to CAL: Don’t blame airbridge for economic woes

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

News

Tobago Business Chamber president Martin George. –

The Tobago Business Chamber has slammed Caribbean Airlines Ltd (CAL) for suggesting that the domestic airbridge is to be blamed for its “economic woes and failures” over the years.

On Thursday, CAL issued a release, saying it has consistently been increasing flights between Trinidad and Tobago since the country’s borders were reopened in July 2021.

However, the airline said its operations between the two islands have been characterised by heavy and consistent losses, amounting to millions of dollars.

Its statement came after THA Chief Secretary Farley Augustine, in a television interview on Wednesday, criticised CAL for not providing an appropriate number of flights to Tobago.

The THA, hoteliers and other stakeholders have been clamouring for an increase in the number of flights, particularly during peak travel periods.

In a WhatsApp video on Friday, the chamber’s chairman Martin George said while it has taken note of CAL’s safety record, “We are concerned about the release that was given today (Thursday) because it appears to in some way seek to try to castigate and place blame on the domestic airbridge route for their economic woes and failures over the years.”

Saying he hoped this was not the case, George said he was willing to give CAL the opportunity to clarify its position.

But he said if that was the reason “why they went into talking about their domestic operation being characterised by consistent losses and in giving all the figures, then I take very strong umbrage to that, not just as the chairman of the Tobago Business Chamber but also as a citizen of TT.

“Because we all know that this is an airline, since it was born, (that) has been characterised by losses.

“So it has nothing to do with the domestic airbridge and it is not fair to Tobagonians or Trinbagonians in general to seek to place the blame for it.

“We have seen in the past the catastrophic disasters and failures of failed investments, failed ventures by Caribbean Airlines in all sorts of flights of fancy and other expensive financial forays which have only ended to their detriment.”

He called on CAL to clarify its position or withdraw the statement.

Describing CAL’s position as “appalling and debasing” to Tobagonians, George said freedom of movement is a fundamental human right, and this applied to movement between Trinidad and Tobago.

“And I am not just speaking for persons who may be coming up from Trinidad for a vacation to relax in Tobago. I am speaking about Tobagonians who need the essential service on the airbridge.”

“So please, do not insult the intelligence of the population of TT with this puerile pathetic statement.”

George said there is tremendous need for more flights on the airbridge.

“We are willing as a business chamber, and I am sure the THA is willing, to work along with CAL.

“So please, CAL, we do not accept and utterly reject this attempt on your part to seek to cast aspersions and to deflect from the issues.”

George also called on the Prime Minister not to ignore the plight of his fellow Tobagonians and Trinidadians “who are stranded at the airport sometimes and can’t get a booking for a flight.

“We need more flights on the domestic route, plain and simple. There is no other way to put it and there is no way to sugarcoat it or to get around it.”

Tobago Hotel and Tourism Association vice-president Carol-Ann Birchwood-James, responding to the CAL release, believes the Prime Minister should advocate for more flights to Tobago.

“It can’t be the Chief Secretary (Farley Augustine) alone. They are not going to listen to him. He does not have the clout to negotiate with the powers that be at CAL,” she told Newsday.

She said boats and airlines are already booked for the October Carnival.

“So we have to look at these issues and solve them now.”

Birchwood-James said the THA should also consider leasing an aircraft for travel to Tobago, especially during busy periods like Easter, the July-August vacation and the upcoming October Carnival.

“You have to assure people that they can get access to the island. Right now that is not happening.”

She said some of the association’s members wanted to attend a funeral in Tobago on Thursday but could not get a flight.

“So beside the tourism, ordinary Tobagonians and Trinidadians cannot even come to do business and go back home.”

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Angostura settles employee wages to 2025 amid growth

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

News

The House of Angostura, Eastern Main Road, Laventille.

As Angostura boasts of a 21 per cent increase in after-tax profit, employees get to share in the company’s success as wage negotiations were completed up to 2025.

While he wasn’t able to divulge the amount of the increase, chairman Terrence Bharath told reporters at a media conference on Friday that Angostura and the bargaining union for workers, SWWTU, were able to reach an agreement which made the union happy.

“There was no way we could have reached this stage without the help from our workers,” Bharath said.

“This was well considered in the negotiations, and the union was happy.”

Bharath said at Angostura House in Laventille, despite challenges over the past two years there were no layoffs for staff.

SWWTU president general Michael Annissette confirmed the completion of the negotiations. He said the negotiations were based on both parties – the workers and Angostura – understanding each other.

“It was something that we would have done in the context of positioning Angostura for the future. We gave Angostura the ability to understand their labour costs, so it was a collaborative approach.”

Angostura, in its consolidated financial statements released on Wednesday, said its profit after tax reached $67.6 million, which was a $12 million increase compared to the same time in the last fiscal period.

Acting CEO Ian Forbes told reporters, buying habits in the spirits industry had now changed to a hybrid of pre-pandemic and pandemic.

“We have had certain channels rebound. For instance, the wholesale channel has rebounded. The channel with hotels, restaurants, bars, and so on, has also rebounded.

“What we noticed is that the supermarket channel, which was superheated over the last two years, has declined. So people are no longer relying on supermarkets, necessarily, to get their spirits and beverages.”

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Govt proposes 6-month shutdown of scrap iron industry

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

News

National Security Minister Fitzgerald Hinds addresses the media on Friday at his Abercromby Street, Port of Spain office. With him are acting Commissioner of Police Mc Donald Jacob and Public Utilities Minister Marvin Gonzales. – Sureash Cholai

Government’s announcement of its intention to implement a six-month ban on the scrap iron industry is expected to negatively affect about 20,000 people, says president of the TT Scrap Iron Dealers Association Allan Ferguson.

To combat what the Government has now described as a national security issue, legislation is being drafted to regularise the industry.

The ban is expected to come into effect after the Finance and General Purposes sub-committee of Cabinet finalises the plan.

This was announced on Friday by National Security Minister Fitzgerald Hinds during a media conference at his ministry’s Abercromby Street, Port of Spain office.

He said the need to put a ban on the industry arose after continuous acts of vandalism on state assets including water pump stations where copper wires have been stolen, cable barriers, electricity poles and other assets.

Hinds said, intelligence suggests the acts are not random theft but deliberate attacks against the State by some who may be affected by the restructuring of the Water and Sewerage Authority (WASA).

He said the regularisation will place the scrap iron industry under the Ministry of Trade and Industry, and only authorised dealers will be allowed to continue.

Speaking with Newsday after the media conference, Ferguson said many people will be affected. He said he will not say more on the issue until he meets with his attorneys, as he is contemplating filing for an injunction to stop the move by government.

A Cabinet committee comprised of Hinds, Energy Minister Stuart Young, Trade and Industry Minister Paula Gopee-Scoon and Attorney General Reginald Armour, SC, agreed to temporarily ban the industry. The committee was formed after the Prime Minister, on July 2, chastised cable-wire thieves and said he will speak with Armour on banning the entire industry.

Hinds said he met with Fergusson’s association two weeks ago. However, sources within the industry said they were only informed on Thursday that a decision was made to temporarily shut down the industry.

Acting Police Commissioner Mc Donald Jacob said in the past 30 months, 129 people, including two scrapyard dealers, were arrested in relation to the theft and sale of copper and other metals. Given the hint by him and Hinds that the thefts are not simply larceny but malicious attacks against the State, Jacob could not say how many WASA and other state employees were among those arrested.

Hinds interjected saying the culprits had working knowledge of the compounds vandalised, suggesting that they had inside help.

Jacob said police have increased patrols around state-owned compounds.

“We have decided to offer a reward of $100,000 for any information that can lead to the arrest and prosecution of the persons responsible.”

Also at the media conference was Public Utilities Minister Marvin Gonzales who said vandals and thieves caused the State to find an additional $22 million to repair and replace state assets.

Hinds dismissed the notion that the plan is a roundabout way of taking the industry away from the average citizen and putting it in the hands of his party’s financiers.

He said the malicious attack is part of a larger plot which may need the Anti-Terrorism Act to prosecute.

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Onzekerheid stuwt wisselkoers omhoog

Black Immigrant Daily News

The content originally appeared on: De Ware Tijd Online

door Ivan Cairo PARAMARIBO — Paniekreacties van burgers en bedrijven die vreemde valuta nodig hebben zorgen ervoor dat de wisselkoersen

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Driver Hospitalised After Vehicle Overturns – St. Lucia Times News

Black Immigrant Daily News

The content originally appeared on: St. Lucia Times News

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Emergency personnel from the Gros Islet Fire Station rushed a thirty-four-year-old man to the OKEU Hospital Friday night after his vehicle overturned at the bottom of Mongiraud Hill.

According to reports, the accident occurred around 7:37 pm.

Responders said that when the vehicle overturned, it ejected the driver, who sustained a leg fracture.

The emergency crew stabilised the patient before transporting him to the hospital.

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There are no further details at this time.

Headline photo: Screen grab from social media video

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Shareholders agree to liquidate LIAT 1974 Ltd Loop Barbados

Black Immigrant Daily News

The content originally appeared on: Barbados News

Antigua and Barbuda’s Prime Minister Gaston Browne has confirmed that the four major shareholders of LIAT 1974, have taken a collective decision to liquidate the embattled regional carrier.

The decision was taken when all major shareholders of the cash-strapped regional carrier met virtually to discuss the future of the airline on Tuesday.

Earlier today (Wednesday, August 3, 2022) Prime Minister Browne told reporters that LIAT is considered by heads as a public good, a social good “that contributes significantly to regional connectivity and makes a net positive economic contribution to regional economies.”

He said national commitments were given in support of a new, efficient and expanded LIAT 2020, “to satisfy the immediate regional travel demand.”

PM Browne also said that those present at the meeting also agreed to engage the services of an aviation consultancy firm, to develop a long-term plan to ensure the sustainability of LIAT and the provision of affordable air transportation.

Meanwhile, pressure is still mounting amid demands for shareholder governments to settle outstanding payments owed to former LIAT employees.

Hundreds of LIAT workers were terminated in 2020 when the COVID-19 pandemic exacerbated the airline’s long-standing financial woes by grounding it for several months.

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Cabinet Upholds $80.00 Passport Fee For Applications Before 25th July, 2022 – St. Lucia Times News

Black Immigrant Daily News

The content originally appeared on: St. Lucia Times News

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In ensuring the continued smooth transition to the electronic or ePassport system, Cabinet has authorized by Cabinet Conclusion No. 480 of 2022, that applicants in possession of valid payment receipts issued prior to 25th July, for either new or renewed passports shall not be required to pay any additional fees for the issuance of the electronic passports.

That is to say that those persons with receipts up to 24th July, 2022 shall receive theepassports at no additional cost.

The new passports are currently being rolled out to hundreds of citizens. Prime Ministerand Minister for National Security Honourable Philip J. Pierre and the Minister for HomeAffairs Honourable Dr. Virginia Albert-Poyotte have pledged their continued support inensuring an efficient and people friendly transition for all.

The Government of Saint Lucia shall absorb any monetary shortfalls related to thisgesture.

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Source: Department of Home Affairs

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