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Eid-ul-Fitr marks an end to the holy month of Ramadhan.<br/><br/><br/>As Muslims in Trinidad and Tobago and around the world commemorate the religious occasion, President Christine Kangaloo says, there is a lot to be garnered from the lessons on sacrifice and the rewards that it can bring.<br/><br/><br/>Alicia Boucher has the details.
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One in five women believe investing is only for men, research has revealed. <br/><br/>A poll, of 2,000 adults, found 74 per cent of females are more inclined to save their money, than attempt an investment (12 per cent). <br/><br/>Whereas only 63 per cent of men would put spare money into a savings account - with 21 per cent putting it in the stock market instead. <br/><br/>The gender pay gap (27 per cent) and access to financial education (15 per cent) were among reasons it's seen as a preserve for men. <br/><br/>However, 77 per cent of women would be interested in learning more about how to get started in investing.<br/><br/>And 47 per cent of men and women polled admitted they have no idea exactly how much money is in their pension pot. <br/><br/>The research comes as Bake Off star Candice Brown revealed her tops tips to make her money go further, including extreme meal prepping and bulk buying key items.<br/><br/>Other advice included evaluating when you last used your subscription platforms, religiously using cashback sites and freezing leftovers. <br/><br/>Candice Brown, who is working with pension provider Nest, which commissioned the research, said: “So many people don’t seem to know where their money goes. <br/><br/>“It took me a long time to really get to grips with what I was doing with my money, I didn’t think it would be easy to invest. <br/><br/>“It’s something I wish I’d done much sooner, before Bake Off changed my life. <br/><br/>“My employees all have Nest pensions so it was great to teach more members that they are actually investors themselves.” <br/><br/>The study found women are slightly more afraid of losing money in a bad investment than men (57 per cent vs 45 per cent). <br/><br/>But 35 per cent of females think improved financial education in schools would help boost the nation’s knowledge. <br/><br/>While 23 per cent would like to see a government initiative brought in to help people learn more about the process. <br/><br/>In terms of the ethics of investing, men and women are equal in considering it very important their investments are made in a positive way for the world (19 per cent). <br/><br/>Across all adults, only 12 per cent would describe themselves as very confident in starting to invest in something new to them. <br/><br/>Elizabeth Fernando, of Nest, which invests member’s monthly contributions into everyday brands, said: “Investing is for everyone. <br/><br/>“The cliché of the 1980s City broker in a pin stripe suit and red braces is almost always a male figure - but that stereotype is old and changing all the time. <br/><br/>“A pension can be an efficient way to save and invest money for the long term. If you have a pension, you’re already an investor. <br/><br/>“Investing knows no gender - it's about making informed choices and decisions to reach your financial goals. <br/><br/>“By breaking down stereotypes and promoting financial literacy, we can ensure that everyone has the chance to benefit from the opportunities that investing offers.\
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IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.<br/>According to 'The Guardian,' the International Monetary <br/>Fund recently highlighted the risks of escalating <br/>conflict in the Middle East with two new reports. .<br/>The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel.<br/>The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.<br/>The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.<br/>That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.<br/>That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.<br/>'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices. .<br/>Pierre-Olivier Gourinchas, the IMF’s economic <br/>counsellor, said the organization was evaluating the <br/>potential for another commodity shock from the conflict.<br/>The increased inflation that would <br/>come from higher energy prices would <br/>trigger a response from central banks that <br/>would tighten interest rates in order to <br/>secure inflation coming back to target, <br/>and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.<br/>The increased inflation that would <br/>come from higher energy prices would <br/>trigger a response from central banks that <br/>would tighten interest rates in order to <br/>secure inflation coming back to target, <br/>and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.<br/>It would do so in a context in which, <br/>in some countries, activity and growth <br/>is already fairly weak, so that might <br/>also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.<br/>According to Gourinchas, the impact of a 15% increase <br/>in the price of oil, combined with higher shipping costs, <br/>could result in a 0.7% increase in global inflation.<br/>According to Gourinchas, the impact of a 15% increase <br/>in the price of oil, combined with higher shipping costs, <br/>could result in a 0.7% increase in global inflation.<br/>Gourinchas also warned that such <br/>an increase would also bring down <br/>business confidence and global investment.
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A closure date for Tenby’s HSBC bank branch has been officially confirmed, and it’s not good news for the seaside town going into the summer.<br/>Back in November 2022 HSBC announced that the Tenby branch situated in Tudor Square would be closing. <br/>The Tenby closure was paused in April 2023 following recommendation of more cash deposit services to be made available to support the local community.<br/>“Following this an independent report recommended more cash deposit services were made available to support the local community,” said a spokesperson for HSBC this week.<br/>“We therefore paused our closure and kept the branch open whilst we worked closely with industry partners and the Financial Conduct Authority to launch an Enhanced Post Office which is now open. <br/>“I can now confirm our branch will close permanently on August 6, 2024.”<br/>“While more customers are choosing mobile, online and phone banking, I know others still value our face-to-face service, so you’ll find all our usual services at the Haverfordwest branch located at 41 High Street.<br/>The current opening times for Haverfordwest are: Monday to Friday - 09:30am to 3.30pm (closed on Saturday and Sundays).<br/>The Enhanced Post Office has a dedicated counter for banking services now open at Tenby Post Office located on South Parade (SA70 7DL) opposite the Five Arches.<br/>Services available include:<br/>• Cash withdrawals<br/>• Bill payments<br/>• Cash deposits<br/>• Cheque deposits<br/>• Check your balance<br/>• Currency exchange<br/>HSBC has promised that community ‘pop up events’ will also be arranged for Tenby.<br/>You’ll also find details by visiting: hsbc.co.uk/ways-to-bank/community-events.<br/>Back in January, local councillors and business owners welcomed plans for a new 24hr cash point for Tenby, following concerns that the seaside town could be left with just one ATM ahead of busy peak holiday periods.<br/>With more and more ATM’s disappearing throughout the town in recent years, and with the fewer ATM’s often running out of cash on busy weekends, concerns had been raised by businesses in Tenby that the re-supply doesn’t match the town’s peak visitor times, with some businesses requiring cash payments only.<br/>Lloyds TSB, Nat West and Santander have all departed Tenby in recent years, and with Barclays closing its branch over a year ago, meaning the loss of another cashpoint for the town, and now HSBC closing in Tudor Square too, it would leave the town with just one outside ATM located at Tesco Express.<br/>Tenby Town Council members therefore welcomed the proposed installation of an ATM to be installed in the shopfront central lobby at the Evans Seafront Pharmacy, situated at 6 High Street.
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