Government Senator, Matthew Samuda, is assuring that there will be no unfair advantages for manufacturers and distributors under the impending January 1, 2019, single-use plastic ban.He was speaking at a ‘Consumer Talk’ on the ban, hosted by the National Consumers’ League, in association with the National Environmental Planning Agency (NEPA), at the Bureau of Standards, recently.“The plastic ban will be implemented through a Ministerial Order under the Trade Act of Jamaica. There won’t be unfair advantages for any business group in Jamaica, whether large or small,” Senator Samuda emphasised.He informed that under the Trade Act, plastic bags 24×24 inches, plastic drinking straws, and imported expanded polystyrene will not be allowed for manufacture, distribution and importation by any Jamaican company.“What the Ministerial Order will allow the Government to do is reinforce the ban within the business community, rather than target individuals,” he explained.Mr. Samuda pointed out that breaches of the plastic ban could result in fines of up to $2 million or imprisonment for a maximum of two years, as outlined in Sections 11 and 13 of the Trade Act.He noted that no tax incentives or concessions will be administered by the Government under the plastic ban.In 2016, Senator Samuda tabled a motion in the Senate for the ban on a range of plastic and expanded polystyrene products. On September 18, 2018, Minister with responsibility for the environment, Hon. Daryl Vaz announced a ban on single-use plastic effective January 1, 2019. Plastic items under the ban include plastic ‘scandal’ bags 24×24 inches, plastic drinking straws and the importation of expanded polystyrene products.
Comments are closed. Barclays chases growth by doubling bonusesOn 19 Nov 2002 in Personnel Today Barclays Bank has doubled the amount of money it is investing in staffbonuses to help it meet its ambitious plans for growth. The bank aims to double its value every four years and has changed its bonusstructure in a bid to achieve this objective. All staff are eligible to receive a bonus connected to the company’sperformance against its key objectives. The bank also operates a profit share scheme that pays out up to 9 per centof staff salaries. Jeremy Orbell, executive director of reward at Barclays, told delegates atthe conference last week that the company’s new bonus structure has at leastdoubled the amount of money the company spends on bonuses. He revealed Barclays staff are now eligible for bonuses of up to 40 per centof salary in most cases – and as high as 100 per cent for senior staff –whereas in the past, it only used to award bonuses of between 10 and 20 percent of salary. Orbell said the improved bonus scheme was introduced to improve staffretention. “Retention of key people by direct compensation and/or otherequity is a key issue,” he said. “Cash is still king. It is very important that the annual bonus isflexible and linked to performance criteria.” Previous Article Next Article Related posts:No related photos.