Vice president of Business Analytics and Portfolio Advisory at Scotia Investments, Jason Morris, says that with the gains made in the economy, in areas such as increases in remittances, increases in the net international reserves and downward trends in interest rates, it is very important that the budget remains on target for this year.
Morris explained that this was important because it is projected that in the 2016-2017 fiscal year, the government will have a large amount of debt that will be maturing and they will need to go to the international markets to borrow in order to service debt. According to Morris, this is why meeting the International Monetary Fund (IMF) targets are vital.
Giving an economic overview of the current fiscal year while speaking to several Scotia Bank clients from across the North Coast at the Scotia Wealth Client Seminar and Cocktails held at Club Riu Hotel in Mammee Bay, St Ann, last Wednesday, March 16, Morris also said that the economy continues to grow, but slow.
There was also good news for entrepreneurs, small business and online business owners at the seminar, as Morris explained that there would be faster time to start a business, down to just two days of approval and easier access to credit for micro, small and medium enterprises (MSMEs). Areas such as energy, agro-parks, the logistics hub and exports will continue to be sources of major investment, he said
The Scotia Wealth Client Seminar also had presentations on insurance trends and opportunities, by Hugh Reid, president of Scotia Insurance.
Dr Wendell Abel, who was the motivational guest speaker, gave an interactive presentation on living your best life and reaping success. He encouraged the several movers and shakers of the North Coast in fields such as business, law and medicine, to “change their way of thinking”, “embrace change”, “reframe”, “seek possibilities” and “take care of self.”
The seminar was chaired by Dave Dixon, assistant vice president at Scotia investments.
