PM assures that Gov’t has strategy to reduce housing demand Loop Jamaica

Black Immigrant Daily News

The content originally appeared on: Jamaica News Loop News

Prime Minister Andrew Holness has indicated that the Government will be able to reduce the need for housing locally by targeting low-income earners.

The Government is on a thrust to build 70,000 houses, but Holness admits that that number of houses will not sufficiently fill the demand for houses across the island.

“I want you to understand that the Government has a strategy in place to get ahead of the demand for housing,” stated Holness.

He was speaking at the ground-breaking ceremony for Victoria Palms Housing Development in Denham Town, West Kingston on Friday.

According to Holness, part of the Government’s strategy is to gather information from the Population and Housing Census that is to get under way this month, on the housing needs of citizens.

“We have rough estimates as to what the housing deficit is, but I can say to you, that the 70,000 houses will not quench, totally, the thirst for housing, but will go a far way,” he declared.

“We’re expecting that if we target it (housing) to those with no income at all, those who are working-class, low-income, and those who are lower middle-income, then we would have solved a large part of the problem,” Holness insisted.

He said persons who are in the middle, upper and higher-income categories will be able to “focus on the already well-working housing market” locally.

“So, they can buy, and as more people enter the market, the prices (for houses) will go down as competition increases.

“Government will facilitate by making mortgages available at reasonable rates, and by releasing land to the private sector, so that they can develop the lands for housing,” the prime minister stated.

Meanwhile, the multiple-storey housing units that are to be build under the Government’s New Social Housing Programme (NSHP) at Victoria Palms Housing Development, are to be leased to the residents.

“There will be certain undertakings that the persons who will benefit from these homes will have to sign on to, because these houses will not be entitled to them,” Holness explained.

“They will be able to live in them under a lease, but these leases will have conditions of use. So this is not housing you can just sell as you like.

“These houses are, as I have indicated before, that under the New Social Housing Programme, we’re coming with different modalities of providing social housing, and this now is the launch of a new modality,” said Holness.

Construction work under the $71 million housing project is expected to last for nine months in the initial phase when 12 units are slated for completion.

The prime minister said it is expected that 20 units will be built on the site overall.

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PTC start tweejarige masteropleiding ICT

Black Immigrant Daily News

The content originally appeared on: De Ware Tijd Online

PARAMARIBO — In januari 2023 gaat Polytechnic College University of Applied Sciences (PTC) van start met de tweejarige masteropleiding Informatie-

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Retour du premier paquebot de croisière : le Celebrity Equinox est là !

Black Immigrant Daily News

The content originally appeared on: Martinique FranceAntilles

Rédaction web – Vidéos C.P./France-Antilles
Dimanche 4 Septembre 2022 – 08h08

Le Celebrity Equinos a été amarré peu après 7 heures, ce dimanche, au terminal de croisière. – Photo Jean-Marc Etifier/France-Antilles

Après deux ans et demi d’absence, les paquebots sont de retour dans la baie de Fort-de-France. Ce dimanche (4 septembre), peu après 7 heures, le Celebrity Equinox a accosté dans la baie, au terminal de croisière.

Si le temps n’était pas au rendez-vous, avec un ciel couvert et des coups de tonnerre, le navire était bien là. Premières images de cette arrivée qui lance une saison chargée : 200 navires sont attendus entre le 4 septembre 2022 et le 20 mai 2023, date de la dernière escale prévue pour cette saison. Près de 170 escales auront lieu à Fort-de-France et la trentaine restante est prévue principalement aux Trois-Îlets ou à Grande-Anse.

Sur le même sujet

  A Paris, le village international …

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Update Sept 4: Danielle becomes a hurricane again Loop Cayman Islands

Black Immigrant Daily News

The content originally appeared on: Cayman Compass
Loop News

59 minutes ago

Hurricane Danielle

(image source: National Hurricane Center)

With maximum sustained winds up to 75 mph again, Danielle became a category 1 hurricane again late Saturday night.

According to the National Hurricane Center, Hurricane Danielle is still moving slowly at 1 mph, west of the Azores.

Hurricane Danielle is expected to gradually strengthen over the next couple of days and is forecasted to move northeast in the next 72 hours.

Hurricane-force winds extend outward up to 15 miles (30 km) from the center and tropical-storm-force winds extend outward up to 125 miles (205 km).

There are no coastal watches or warnings in effect.

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Tropical Storm Earl has now formed, north of the Leeward Islands.

According to the National Hurricane Center, Tropical Storm Earl has maximum sustained winds of 40 mph and is moving west-northwest

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Puerto Rico, Virgin Islands risk heavy rain, flooding from Earl Loop Cayman Islands

Black Immigrant Daily News

The content originally appeared on: Cayman Compass
Loop News

32 minutes ago

Tropical Storm Earl

(image: National Hurricane Center)

The National Hurricane Center reported that Tropical Storm Earl is expected to pass north of the Virgin Islands and Puerto Rico on Sunday, then gradually moving away from the islands by Monday.

Speed

Tropical-storm-force winds extend outward up to 105 miles (165 km) from the center of Tropical Storm Earl, which is moving slowly west-northwest at 8 mph, with maximum sustained winds of about 50 mph.

Impacts

Residents of Puerto Rico, Virgin and northern Leeward Islands should stay vigilant as there is a possibility of heavy rains and flooding from Tropical Storm Earl.

In particular, Tropical Storm Earl is expected to produce total rainfall amounts of 2 to 4 inches, with isolated totals of 6 inches, across the Leeward Islands, U.S. and British Virgin Islands, and Puerto Rico on Sunday.

Limited flash, urban, and small stream flooding impacts are possible.

Rapid rises on rivers and mudslides in areas of steep terrain are also possible, especially across the central interior region of Puerto Rico.

Gusty winds, especially in squalls, are possible across the northern Leeward Islands, the Virgin Islands, and Puerto Rico through Sunday night.

There are no coastal watches or warnings in effect.

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According to the National Hurricane Center, Tropical Storm Earl has maximum sustained winds of 40 mph and is moving west-northwest

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The payment was funded by

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Institution offers world-class medical care at affordable costs

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Gasoline prices to be reduced this week

Black Immigrant Daily News

The content originally appeared on: Antigua News Room

Prime Minister Gaston Browne says the cost of Gasoline  at the pump will be reduced by EC$1.03 by this week.

The price for Diesel will remain the same.

Price for Gasoline presently is $16.57 and when the new shipment arrives next week, it will be $15.54. Diesel price presently is $16.79.

The last time the price for Gasoline was reduced was on Tuesday 19th July 2022.

The Government of Antigua and Barbuda will subsidised the cost of diesel since the next shipment of the product has increased in price.

The PM also stated that they haven’t collected any consumption tax revenue from WICO and instead they have to paid about $1Million XCD to subsidise the price.

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Ukraine ambassador to Trinidad and Tobago: Putin’s war an ‘aggression on peace-loving’ nations

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

News

Sergiy Kyslytsya, permanent representative of Ukraine to the UN and ambassador of Ukraine to TT (non-resident) in an interview at the Delegation of the European Union to TT, Queen’s Park East, Port of Spain. – SUREASH CHOLAI

As Trinidad and Tobago was celebrating its 60th anniversary of independence, the people of Ukraine were undergoing its sixth month of its independence being attacked. Russia invaded Ukraine on February 24.

Sergiy Kyslytsya, permanent representative of Ukraine to the UN and ambassador of Ukraine to TT (non-resident), said the scale of destruction in Ukraine during this war surpassed the level of World War II. Then, 20,000 citizens of Mariupol, Ukraine were killed, but by the end of spring 2022, over 30,000 had been killed there. In addition, other cities have been or are being destroyed.

In an interview with Sunday Newsday at the Delegation of the European Union to TT, Queen’s Park East, Port of Spain, Kyslytsya congratulated TT on its 60th year of independence.

“Independence matters a lot to your country as much as it matters to my country. Ukraine was struggling for independence for centuries. We were incorporated in the Russian empire in the 17th century, and until this century it was non-stop aspiration by the Ukranian nation to become independent.

“The tragic irony is that, this year, on the day of independence, August 24, we also marked exactly six months of the full-scale aggression and invasion of Ukraine.”

Ukraine became independent from the Soviet Union in 1991.

He said Russia’s war against Ukraine actually started in February 2017, when Russia moved into Crimea, which was internationally recognised as part of Ukraine, tried to illegally annex it, and initiated war in the east of Ukraine.

He said the international reaction to the war in 2022 was very different from the reaction in 2014.

In 2014, 100 nations supported the UN General Assembly resolution on the territorial integrity of Ukraine. On March 2, 2022, 148 countries voted in favour of the resolution that condemned the Russian aggression, while Syria, Belarus, North Korea, and Eritrea supported Russia.

Children play jumping on destroyed Russian military vehicles displayed in central Kyiv, Ukraine on Saturday. – AP Photo

“This aggression is seen as aggression on the entire peace-loving, democratic and law-abiding community. Because it is the most egregious violation of the UN Charter since the end of World War II and, in fact, since the creation of the UN.”

Kyslytsya expressed gratitude that TT’s leadership chose to uphold the UN’s Charter and support Ukraine, saying it should be proud to be a member of the international community. He said TT should not underestimate the importance of its vote, because, even though it was a small nation, size did not matter in the UN General Assembly. Each country had a vote that counted.

“When you vote for the defence of the UN Charter and the principles and objectives, you vote for the environment, on the global scale, that will allow you and all other countries to deal with other challenges. Because it is a matter of fact that the current war distracts so much effort and resources – financial and human – from dealing with other pending issues on a global scale.”

He used climate change, the energy crisis and food shortages as examples. He pointed out that small countries, especially island nations, contributed minimally to climate change, yet they were some of the most affected.

He said development depended on the collective action of those who contributed most to climate change. But instead of focusing on plans to combat it, some countries were dealing with food shortages or trying to maintain a supply of energy, putting climate change on the back burner.

Some countries returned to coal mining and using coal for energy, when coal puts out the most carbon dioxide per unit of energy and is the single largest source of global temperature rise contributing to climate change.

Energy shortages also increased the cost of production and therefore import costs.

The world’s energy issues were exacerbated when gas exports from Russia – the biggest oil and natural gas exporter – were curtailed in an attempt to limit its ability to finance the war in Ukraine.

Also, the two countries exported about 24 per cent of the world’s wheat, so, between the war in Ukraine and sanctions against Russia, there was less supply, resulting in increased food prices globally.

All of this has affected every citizen of TT, from doing business to buying groceries.

Joining the EU and NATO

Kyslytsya said over 160 countries, including Ukraine, could not defend themselves on their own strength.

He said the global solution, the UN, did not prevent the war because the Russian Federation, along with China, France, the UK and the US, is a permanent member on the 15-member UN Security Council. And permanent members could veto issues, which was what Russia did with respect to Ukraine.

A priest blesses coffins with unidentified civilians who died on the territory of the Bucha community during the Russian occupation period in February-March 2022, during a funeral in Bucha, near Kyiv, Ukraine, on Friday. – AP Photo

Therefore, Ukraine had to turn to a regional solution, the North Atlantic Treaty Organization (NATO). It also applied for membership of the European Union (EU) shortly after it was invaded by Russia, and the European Council granted it candidate status in June.

Kyslytsya dismissed Russian President Vladimir Putin’s reasons for invading his country.

He said before the war, Putin wanted to prevent NATO from expanding. But his invasion led Finland and Sweden, known throughout the years for remaining neutral on international armed conflicts, to formally apply to join NATO.

Also, Putin said he did not want to have “more NATO” at Russia’s borders, but Ukraine’s borders were shared by other NATO countries. If Russia took over the country, the exact opposite would be the case.

“No matter the grievances, launching a full-scale war is not the reply. So Ukraine should not be blamed for a war solution. It is Russia who launched this unjustified and unprovoked war.”

He added that Russia could not offer Ukraine anything, as it had “no rule of law,” no new technologies and was “economically backward.”

As an example, he said Russia’s contribution to the UN Regular Budget was less than two per cent compared to the US’s, which was capped at 22 per cent. Among other things, the budget contributions were based on each country’s gross national income, indicating that Russia was not as financially well off as it purports.

“The Russian Federation, that has this incredibly large territory, they used to tell all of us, ‘You should be afraid of us because we have the second strongest army,’ which proved to be a lie. They contribute to the budget of the entire organisation less than two per cent and they still try to dictate all of us and how we should live.”

Kyslytsya said credible evidence of Putin’s war crimes and crimes against humanity was being collected by countries and organisations including the International Criminal Court (ICC). He said the ICC had a team working on collecting the data and preserving the evidence of the war, and satellite imagery meant Putin could not hide his actions.

“What happens today is a result of three decades of complacency and turning a blind eye (to) what Russia was doing. Because every time Russia would do something, we, including Ukraine, would express our concern and then go back to business as usual. So we led Putin to the point where he was quite confidently believing that, no matter what he does, we’ll be initially unhappy and then we would continue to operate as usual.

“That is why one of the most important things is the issue of accountability and fighting impunity.”

He noted that the Group of Friends (GoF) of Accountability, consisting of about 50 countries, was formed to ensure accountability for international crimes committed by Russia in Ukraine. And fighting impunity was important for all. since there were many conflicts around the world in which thousands of people were being killed.

When the war is over, Kyslytsya hopes to continue discussions with TT on “mutually complementary” topics.

He said he met Minister of Foreign and Caricom Affairs Dr Amery Browne for the first time in October 2021 and was impressed by his “clarity of thought” and common-sense approach.

“Then we had quite a list of things that, in spite of being geographically far away from each other, we could have developed.”

That included the agricultural sector, IT, and digitalisation. Unfortunately, because of the invasion, those matters were put on hold until the war was over. Then, he said, the needs and interests of the people in Ukraine could be identified and the two countries could see what TT could provide.

He added that he was sorry Ukraine could not afford a permanent presence in TT and hoped TT could be elected to the UN General Assembly in the future.

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Trade unions back TTUTA’s stand on 4%

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

News

The Unite to Fight Movement of JTUM, FITUN and NATUC march in Port of Spain to protest Government’s four per cent wage offer on August 12. – FILE PHOTO/SUREASH CHOLAI

Trade unions have expressed their full support of the TT Unified Teachers Association’s (TTUTA) call for teachers to remain home and reflect on the State’s treatment of its teachers on Monday, the first day of school.

In a joint press release, the Joint Trade Union Movement (JTUM), National Trade Union Centre (NATUC) and the Federation of Independent Trade Unions and NGOs (FITUN) condemned the Chief Personnel Officer (CPO) and the Government for their “disregard for the established methodology used for negotiations with TTUTA.”

The last offer made by the CPO was a four per cent wage increase with no consolidation of COLA. TTUTA has said it does not negotiate on percentages on but on a labour market survey approach.

On Monday, it was announced the Amalgamated Workers Union had accepted a four per cent wage increase.

“They are simply repeating the same offer made to all unions with no consideration for the reality of current living conditions or market conditions. TTUTA has valid grounds for saying that negotiations are not being conducted in good faith.

“Furthermore, this brinkmanship displayed by the government and the CPO will have consequences for the nation’s children. Teachers already dip into their own pockets for school supplies. How will these necessary expenses be funded when the government is in fact cutting into real salaries? Neither the Minister of Finance nor the Minister of Education is showing any concern for the quality of education delivered. The heartless focus on cost-cutting over the well-being of the teachers and students can only yield even lower results.”

It said teachers should be treated with dignity and respect, and since, according to TT’s first Prime Minister Dr Eric Williams, ‘the future of our country is the children’s book bag,’ it was Government’s responsibility to “fulfil its duty” to the country’s teachers and students.

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U.S. Coast Guard Repatriates 76 Dominican Republic Nationals, Three Venezuelans – St. Lucia Times News

Black Immigrant Daily News

The content originally appeared on: St. Lucia Times News

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The U.S. Coast Guard Cutter Joseph Napier repatriated 76 Dominicans and three Venezuelan nationals to a Dominican Republic Navy vessel Wednesday just off Punta Cana, Dominican Republic.

On Tuesday, the repatriation followed three separate illegal voyage interdictions in the Mona Passage.

According to the Coast Guard, the interdictions resulted from ongoing local and federal multi-agency efforts supporting the Caribbean Border Interagency Group (CBIG).

It quoted Cutter Joseph Napier Commanding Officer Lieutenant Devonte Weems saying he was extremely proud of the Joseph Napier crew.

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Weems said alongside other responding Coast Guard and CBP aircrews, they performed exceptionally well in what turned out to be a hectic day and night, interdicting three illegal voyage vessels and saving the lives of the people aboard.

“The vessels are most often unseaworthy, grossly overloaded, and lack sufficient lifesaving equipment,” he explained.

From Oct. 1, 2021, through June 30, 2022, the Coast Guard has carried out 72 illegal voyage interdictions in the Mona Passage and waters near Puerto Rico.

Interdicted during this period are 1,919 non-U.S. citizens, including 1,414 Dominicans, 404 Haitians, 01 Cuban, 1 Ecuadorian, 52 Venezuelan, 12 Uzbek, and 35 unknown nationalities.

Headline photo from U.S. Coast Guard Facebook page

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Guyana’s GDP grew by 36.4% in the first half of 2022

Black Immigrant Daily News

The content originally appeared on: INews Guyana
Bank of Guyana

According to the Ministry of Finance’s recently released Mid-Year Report 2022, Guyana recorded an overall real Gross Domestic Product (GDP) growth of 36.4 per cent in the first half of the year, with the non-oil economy growing by 8.3 per cent, reflecting Government’s supportive policy stance. The outlook for the second half continues to be favourable. For the full year, real GDP growth in 2022 is now projected at 56 per cent overall, and non-oil GDP growth at 9.6 per cent, maintaining Guyana’s position as global leader in economic growth.

Senior Finance Minister Dr. Ashni Singh had noted that upon the assumption to office by the President Irfaan Ali-led Government, the administration recognised the importance of a strong, diversified economic base and, as such, even in the early days of oil production, placed the highest level of importance on a resilient non-oil economy. The aim, therefore, was to modernise the economy’s traditional pillars and catalyze ‘a rapidly growing and highly competitive non-oil economy. This is evident in the nation’s non-oil economic growth at the end of the first half. The continued growth projected for 2022 builds on the 4.6 percent growth recorded last year.

“Led by President Ali and fueled by the rapid economic growth, we have embarked on a period of rapid transformation, and our Government has laid out a masterplan for the rapid development and transformation of Guyana. More importantly, we have demonstrated the capacity and commitment to working assiduously to make this vision a reality so that benefits can redound to citizens in the shortest possible time,” Dr Singh had indicated.

The key macroeconomic highlights are as follows:

SECTORAL PERFORMANCE

Agriculture, Forestry and Fishing:

The agriculture, forestry and fishing sector is estimated to have expanded by 10.9 per cent in the first six months of 2022, driven by higher output from the other crops, forestry and livestock, notwithstanding weaker performances in the sugar, rice and fishing industries. The sector is now expected to grow by 11.9 per cent.

Extractive Industries: 

The mining and quarrying sector is estimated to have grown by 64.6 per cent in the first half of the year, with a revised 2022 forecast of 99.9 per cent driven by growth in the petroleum and other mining industries.

The petroleum sector expanded by an estimated 73.5 per cent, with 34.6 million barrels of oil produced in the first half of the year. This was the result of the commencement of oil production at the Liza Unity FPSO in February. Also on the upside, the bauxite industry is estimated to have grown by 31.9 per cent, and the other mining and quarrying (sand, stone, diamonds, manganese) industries by 36.3 per cent, in the first half of 2022.

Manufacturing, Services and Construction: 

The service industries are estimated to have expanded by 7.6 per cent, driven largely by increases in wholesale and retail trade, and transport and storage. The overall 2022 growth rate for the services sector is now forecasted to be 6.3 per cent. While the manufacturing sector is estimated to have contracted by 11.4 per cent in the first half of the year, it is now projected to grow by 7.5 per cent for 2022

The construction sector is estimated to have grown by a strong 20.4 per cent in the first half of 2022, reflecting intensified activity in both the public and private sectors.

BALANCE OF PAYMENTS

The overall balance of payments recorded a US$100 million deficit at the end of the first half of 2022, reflecting primarily higher cost of fuel and capital imports.

With respect to trade, export receipts expanded by US$2,330.2 million, outweighing the US$506.6 million increase in imports. Notably, these receipts grew largely as a result of higher export earnings from oil, while, at the same time, non-oil export earnings increased marginally by 2 per cent.

MONETARY DEVELOPMENTS

Consistent with the expansion in the non-oil productive sector, credit to the private sector rose by 7.5 per cent to $308.3 billion.

This primarily reflects expanding credit to the services sector, manufacturing sector, for real estate mortgage loans, and to households. These increased by 8.2 per cent, 26.7 per cent, 3.2 per cent, and 5.1 per cent, to $110.3 billion, $34.2 billion, $98.6 billion, and $38.5 billion, respectively.

PRICES

The Russian invasion of Ukraine has exacerbated supply disruptions to commodity markets, resulting in surging commodity prices, the effects of which are being felt globally. Guyana has not been spared. Consumer prices were 4.9 per cent higher than levels recorded at the end of 2021 and this was due largely to higher food and energy prices.

Recognising the consequences of these inflationary pressures, Government implemented a suite of measures to ease the burden on the population. The excise tax on petroleum was reduced from 20 per cent to 10 per cent at the time of Budget 2022 presentation, and reduced even further from 10 per cent to zero in March. Additionally, Government also utilised $1 billion for the purchase and distribution of fertilizer to farmers across the country, $800 million to provide cash grants to households in hinterland and riverain communities, among a number of other interventions.

Given the existing geopolitical tensions globally, inflation is now projected to be 5.8 per cent for 2022.

NATURAL RESOURCE FUND

During the first six months of the year, Government had five lifts of profit oil from the two producing FPSOs. Further, Government received US$307 million in revenue from their share of profit oil, along with royalties to the tune of US$37.1 million, in the first half. The cumulative balance on the NRF, inclusive of interest income, was US$753.3 million, after withdrawing US$200 million in May.

Government anticipates 13 lifts of profit oil for 2022, and subject to the evolution of world market oil prices, now projects US$1.1 billion from the sale of the country’s share of profit oil, and US$147.7 million in royalties.

In just over 24 months of this Government’s current term in office, implemented policies and programmes have already laid a solid foundation for realising the commitments made in the 2020 Manifesto, on the basis of which this Government was elected to office. Government remains steadfast in its efforts to continue to grow the economy and improve the wellbeing of all Guyanese, thereby building a modern and prosperous One Guyana.

To view the entire Mid-Year Report 2022, click here: https://finance.gov.gy/wp-content/uploads/2022/09/Mid-Year-Report-2022-FINAL-compressed.pdf

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