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- PM Skerrit says Dominica is still ready to invest in an airline which will bring about an ease in intra-regional travel
Prime Minister Roosevelt Skerrit says he still holds the view that for there to be any sustained airline business in the Caribbean, and travelers serviced properly, the governments must be involved to underwrite a certain portion of the expenses associated with that airline. He has before stated that if LIAT doesn't fly for one day in the Caribbean, we are in trouble. He says this is why the government invested LIAT against all public criticisms which were meted out. Nonetheless he states that his government is still ready to invest in any airline outfit which will serve the Caribbean. His comments came while speaking on state owned radio. #airline #LIAT
- Chief Justice of the Eastern Caribbean Supreme court says innovation & reform are necessary in seeing the court's mission through
Chief Justice of the Eastern Caribbean Supreme court (ECSC) Dame Janice Perreira says innovation and reform make up the mortar that connects and binds the building blocks of the justice system. She states they are necessary tools in realizing a more fair and just society, and fulfilling the court's mission. She says the ECSC has always remained committed to expanding and improving its processes, and roles of procedure to enhance access to justice for the people of the Eastern Caribbean. #ECSC
- A local Attorney has called for an increase in the retirement age of judges
Attorney Lennox Lawrence has raised the issue of the retirement age of judges at the Opening of the 2024 Law Year. The Supreme Court order of the laws of Dominica provides that a judge of the court of appeal shall hold office until the age of 68 years, and a Puisne (High Court) Judge until the age of 65. He thinks it is timely that consideration be given to increasing the retirement age of judges. #Judges
- How can I create a debt repayment plan?
Creating a debt repayment plan involves several steps. Here's a step-by-step guide to help you create your plan: 1. Assess your current financial situation: Start by gathering all the necessary information about your debts, including the outstanding balances, interest rates, and minimum monthly payments. Also, take note of your income and monthly expenses. 2. Prioritize your debts: Identify which debts need to be prioritized based on factors such as interest rates, outstanding balances, and any penalties for non-payment. Typically, it is recommended to prioritize high-interest debts first to minimize the overall interest paid. 3. Set clear financial goals: Define your financial goals, such as the amount of debt you want to pay off within a specific timeframe. Make sure your goals are realistic and achievable. 4. Determine your repayment strategy: There are two common strategies for debt repayment: the debt avalanche method and the debt snowball method. The debt avalanche method involves paying off debts with the highest interest rates first, while the debt snowball method focuses on paying off the smallest debts first. Choose the strategy that aligns with your goals and preferences. 5. Create a budget: Develop a monthly budget that includes all your income and expenses. Allocate a certain amount toward debt repayment while ensuring you have enough for other essential expenses. 6. Negotiate with creditors: If possible, reach out to your creditors to negotiate lower interest rates or more manageable repayment terms. This can help you reduce the overall burden of your debts. 7. Implement your plan: Start making regular payments according to your repayment strategy. Stick to your budget and avoid accumulating additional debt. 8. Monitor and adjust: Regularly review your progress and make adjustments as needed. If you receive extra income or bonuses, consider putting them toward your debt repayment to accelerate the process. 9. Seek professional advice if necessary: If you find it challenging to create or stick to a repayment plan, consider seeking assistance from a financial advisor or credit counseling service. They can provide guidance and help you develop a more effective plan. Remember, creating a debt repayment plan requires discipline and commitment. Stay focused on your goals and celebrate each milestone along the way. #debt #repayment
- Prime Minister Skerrit says the Roseau Enhancement Project is set to get underway from the first half of this year
A loan of US$41M has been contracted from the Saudi fund, and has been finalized and approved by parliament for the Roseau Enhancement works. Prime Minister Roosevelt Skerrit says they are now going through the phase where they will start the final designs of the project and then can go to tender. He states that all things considered, he is hoping that this project can be started within the first half of 2024. #Roseau #Dominica
- Government to go to parliament in the first quarter of 2024 to give the electoral commission authority to effect changes within the electoral reform agenda
Prime Minister Roosevelt Skerrit says his government is committed to advancing the electoral reform process. He says his plan is to go to parliament in the first quarter of this year in that regard. However; he says they will not engage in any matter which requires an amendment to the constitution in the first phase. #Electoral #Reform #Dominica
- A Catholic Priest describes the late Dr Carissa Etienne as a brave woman grounded in faith
Catholic Priest Monsignor William Jno Lewis extended nothing but positive words for how he remembered the late Dominican great, Dr Carissa Etienne. Dr Etienne, Former Director of PAHO was laid to rest on Wednesday. Official mourners, including Her Excellency the President, the Prime Minister, Speaker of the House of Assembly Government Ministers and Representatives from PAHO attended her funeral service. #DrCarissaEtienne #Funeral #Priest #Dominica
- Miss OECS Pageant Director says the pageant presents a platform meant to empower young women
Miss OECS Pageant Director Ramoulda Hyacinth says the pageant is not just a celebration of beauty, but is also a fusion of grace and intelligence and one which brings the islands together to appreciate the diverse talents of women from the OECS. Five young ladies will vie for the title of Miss OES 2024 when the event is held this Friday. Meantime, Communications Specialist at Discover Dominica Authority, Monelle Alexis says this pageant transcends the mere selection of a winner, it serves as a dynamic platform for fostering cultural exchanges, unity and showcasing of extraordinary talents among the nations. #OECS #pageant
- How do I calculate my net worth?
To calculate your net worth, you need to determine the difference between your total assets and your total liabilities. Here's a step-by-step guide: 1. Determine your assets: Make a list of all your assets, including cash, savings accounts, investments, real estate, vehicles, valuable possessions, and any other items of value. Assign a monetary value to each item. 2. Calculate your liabilities: Make a list of all your liabilities, including mortgages, loans, credit card debt, student loans, and any other outstanding debts. Assign a monetary value to each liability. 3. Subtract your liabilities from your assets: Subtract the total value of your liabilities from the total value of your assets. The resulting number is your net worth. Net Worth = Total Assets - Total Liabilities Remember, your net worth is a snapshot of your financial standing at a specific point in time. It's important to regularly update your net worth calculation as your financial situation changes.
- How can I build an emergency fund?
Building an emergency fund is an important step towards financial security. Here are some steps you can take to build an emergency fund: 1. Set a savings goal: Determine how much you want to save for your emergency fund. Financial experts generally recommend saving three to six months' worth of living expenses. 2. Create a budget: Review your income and expenses to understand how much you can save each month. Look for areas where you can cut back on expenses to free up more money for savings. 3. Automate savings: Set up an automatic transfer from your checking account to a separate savings account each month. This way, you won't have to remember to save and it becomes a regular habit. 4. Prioritize savings: Treat your emergency fund as a priority expense. Pay yourself first by setting aside a portion of your income for savings before spending on other non-essential items. 5. Reduce unnecessary expenses: Look for ways to cut back on discretionary spending such as dining out, entertainment, or subscriptions. Redirect those savings towards your emergency fund. 6. Increase your income: Consider taking on a side gig or finding ways to increase your income. The extra money can be directed towards your emergency fund. 7. Save windfalls: Whenever you receive unexpected money, such as a tax refund or a work bonus, consider saving a portion or all of it into your emergency fund. 8. Track your progress: Regularly monitor your savings and track your progress towards your goal. This will help you stay motivated and adjust your savings plan if needed. Remember, building an emergency fund takes time and discipline. Stay committed to your savings goal, and over time, you will have a financial safety net to rely on in case of emergencies.
- Ministry of Environment considering a contribution from citizens this year to assist with sustainable waste management
Minister for the Environment, Cozier Frederick speaking on state-owned radio recently announced that the ministry is looking at how best the citizenry can play its part in ensuring sustainable waste disposal and keeping the landfill intact. Cozier says the idea is to have citizens pay a small contribution towards this. He says it is critical. #waste #disposal