gap of more than 30. 000 people recently. i believe the same phenomenon can also be observed in many countries. in order to fill the gap of human resources supply, establishing international efforts to tackle the issues and involving more formal and informal institutions teaching islamic finance can be one possible solution. moreover, the well - trained and wellexperienced pool of talents in more developed islamic markets should open for learning exchange program facilitated by other countries with a strong international cooperation and engagement, more widespread supply of well - versed and skilled human resources will further foster the market growth given the rising demand for islamic products and services. excellencies, ladies and gentlemen, let me close my speech by highlighting that asia has bright prospects in islamic banking and finance industry. in order to escalate the existing growth and trajectory to a next level, i sincerely hope that all parties, from the region and overseas to jointly explore new growth opportunities in islamic banking and finance in this region. i wish you all to have an enriching and fruitful discussion and hope that we can contribute to the development and multiply the growth of the industry. may allah almighty bestow us the strength and patient to persevere in fulfilling our duty for a better future. thank you for your kind attention, wassalamu ’ alaikum warahmatullahi wabarakaatuh dr. halim alamsyah bis central bankers ’ speeches

richard byles : jamaica's recent inflation performance and outlook monetary policy statement by mr richard byles, governor of the bank of jamaica, to the standing finance committee of parliament, kingston, 14 december 2022. * * * thank you for the opportunity to have bank of the jamaica report to this honourable house on its recent stewardship of monetary policy. i also take this opportunity to wish all the members of this honourable house and your families a safe and happy christmas when it comes. by way of context for my remarks, the ongoing conflict between russia and ukraine has amplified substantial increases in international commodity prices. notwithstanding this adverse development, the domestic economy continues to show signs of strong recovery, our foreign reserves are robust and employment is at pre - covid levels. the shock has however contributed to significant increases in both inflation and inflation expectations here in jamaica and across the world, which makes inflation a source of ongoing concern for bank of jamaica. headline inflation at october 2022, as reported by statin, was 9. 9 %, which continued to trend above the upper limit of the bank's inflation target of 4 to 6 %. this outturn was also higher than the inflation rate of 7. 3 % at december 2021 but has been declining slowly since april 2022 when it was 11. 8 %. while some of the key drivers of headline inflation, such as grains and shipping prices, continue to trend downwards on the world markets, we are not yet seeing the full pass - through to domestic food prices. in addition, core inflation, which excludes from the cpi ( consumer price index ), the impact of fuel and food prices, is high at 9 % when compared with 8. 4 per cent at december 2021. monetary tightening among jamaica's main trading partners has also continued at a rapid pace, which carries the risk of increased capital outflows from jamaica and a faster pace of exchange rate depreciation, if domestic monetary policy is not correctly aligned. therefore, since october last year, bank of jamaica has used a three - pronged approach to address the problem of high inflation in jamaica. these included : 1. gradual increases in the bank's policy interest rate by 650 basis points since october 2021 ; 2. the provision of us dollar liquidity support to the foreign exchange market to foster stability in the foreign exchange market and, 3. ensuring the maintenance of tight jamaica dollar liquidity conditions in the money market. this package of mutually reinforcing policy measures is meant to