First citizens gas bloating pain


Newsday spoke with Regrello on Wednesday, when he attended the launch of Angostura’s third offering of its No. 1 Collection – a blend of premium rums aged nine months in special casks imported from Spain that were used to age Oloroso Sherry. Regrello called the southern city the “financial capital of the country,” suggesting that these former Petrotrin workers will now become entrepreneurs, looking for investments, new initiatives and innovations.

San Fernando is on the cusp of major development, and Regrello pointed out that with the waterfront project for King’s Wharf due to start soon. “There will be opportunities for service providers across the board whether it be transportation, technical support, food, everything available, once its well thought out and carefully planned,” he said.

They demonstrated in front the newly-opened Ministry of Agriculture, Lands and Fisheries building in Endeavour, Chaguanas, on November 28. Led by Eniath Hosein of the Rice Farmers Association, the children’s parents called on Agriculture Minister Clarence Rambharat to make representation on their behalf to the Agricultural Development Bank to hold back their monthly loan installments while they recuperate from the effects of the October floods which destroyed their rice fields.

Rice farmer Eniath Hosein, told Newsday that the majority of commercial rice planters are unable to submit claims for flood losses, because they do not have legal title to the lands on which they plant. Hosein said, “Most rice farmers today are planting on lands previously planted by rice farmers in the past. types of electricity tariff We have been asking the minister to find other means to verify bonafide farmers. The ministry knows who these farmers are.”

Speaking on behalf of the 40 protestors, Hosein said that rice seedlings have since been scarce because the ministry closed the seed bank. He said, “Rice farmers not getting the financial incentive for land preparation. Infrastructural development has slowed considerably. The current minister indicated that all farmers will be compensated but this is not happening.”

Trading activity on the First Tier Market registered a volume of 44,817 shares crossing the floor of the Exchange valued at $978,802.14. GRACEKENNEDY LIMITED was the volume leader with 19,687 shares changing hands for a value of $60,045.35, followed by NATIONAL FLOUR MILLS LIMITED with a volume of 8,185 shares being traded for $13,489.25. THE WEST INDIAN TOBACCO COMPANY LIMITED contributed 7,266 shares with a value of $690,778.62, while GUARDIAN HOLDINGS LIMITED added 4,947 shares valued at $84,099.00.

On the Mutual Fund Market 11,295 shares changed hands for a value of $226,595.00. CLICO INVESTMENT FUND was the most active security, with a volume of 10,995 shares valued at $221,945.00. CLICO INVESTMENT FUND advanced by $0.01 to end at $20.19. la gas prices CALYPSO MACRO INDEX FUND declined by $0.31 to end at $15.50. FORTRESS CARIBBEAN PROPERTY FUND LIMITED SCC – DEVELOPMENT FUND remained at $0.67. FORTRESS CARIBBEAN PROPERTY FUND LIMITED SCC – VALUE FUND remained at $1.70. PRAETORIAN PROPERTY MUTUAL FUND remained at $3.05.

In the United States, the acquisition of the Crystal Farms Mills in the state of Georgia contributed significantly to a 20 per cent rise in revenue, the directors wrote, with improved sales from feed, eggs and baby chicks. However, costs related to the acquisition as well as one-off employee costs led to a fall in net profit for that operation.

“Haiti operations has increased their market share of table eggs to 34 per cent, compared to 31 per cent of the market at the end of the second quarter last year. Total revenue for our Haitian operations increased by 13 per cent over the prior year driven by increased sales of table eggs. The segment result amounted to $85 million, which is $1 million or one per cent below last year’s segment result of $86 million,” the interim report revealed, adding that since October 2018 the group increased its holding in Haiti Broilers SA to 72 per cent.

Notwithstanding the gains in revenue, administrative costs rose by 13 per cent over the corresponding period last year. The JBG disclosed that this was “due primarily to exchange movements, salary increases, increased staff complement and distribution costs related to the recent acquisition of the feed mill. These results also include the operating expenses of the new hatchery in Pennsylvania and the costs associated with the formation of the Shareholders’ Trust – these costs were not in last year’s comparative results.”

“Our group operates in three different countries and due to significant foreign exchange volatility during the second quarter, we incurred foreign exchange losses of $231 million. These exchange losses resulted in a 47 per cent reduction from profits attributable to stockholders for the quarter ended 28 October 2017. We are anticipating relative stability in foreign exchange as we progress towards the end of our financial year ending April 27, 2019,” the report explained.

Director general and CEO of the Caribbean Hotel and Tourism Association (CHTA), Frank Comito, encouraged regional stakeholders to get ready for what the association believes can be an especially strong winter season. “With new routes and upgraded aircraft announcements over recent months, market-savvy hoteliers are positioned to increase occupancy and generate additional business.”

The CHTA chief executive cited JetBlue Airways’ continued growth into the region with additional flights and upgraded Mint service starting in early 2019. Delta Air Lines is bumping up its service to The Bahamas; Kingston, Jamaica; St Kitts and Port-au-Prince, Haiti. k electric bill statement Similarly, American Airlines has added capacity to Aruba, Bahamas, Bonaire, Cayman Islands, St Kitts, St Vincent and the Grenadines and Turks and Caicos, and is increasing its service to Barbados, Curacao, Puerto Plata and Santo Domingo, Dominican Republic; and St. Lucia.

Comito noted that regional carriers are also undergoing considerable expansion and some are entering into new partner agreements, helping to improve connectivity, particularly to those destinations with fewer nonstop flights. Examples include the rapid expansion of InterCaribbean Airways flights, now covering 22 cities in 13 countries; Caribbean Airlines with more than 600 weekly flights; LIAT, which is teaming up with Air Antilles and Winair; and Seaborne Airlines, which was recently acquired by Silver Airways.

These among other travel, tourism and hospitality trends will be discussed in Jamaica during Caribbean Travel Marketplace, which will attract hotel and destination representatives, including high-level executives and key decision makers; wholesalers and tour operators; online travel agencies; Meetings, Incentives, Conventions and Exhibitions (MICE) planners; and members of the media for several days of business meetings, including a busy program of thousands of pre-scheduled appointments to expand their businesses.

Caribbean Travel Marketplace 2019 is produced by CHTA in collaboration with co-hosts Jamaica Hotel & Tourist Association, the Jamaica Tourist Board and the Jamaica ministry of tourism. It is the leading event in the Caribbean tourism industry where more than 1,000 delegates from 26 Caribbean countries meet with buyers from over 20 markets.

First, no bank or bank branch can carry on business in Canada without obtaining the approval of the finance minister and the Office of the Superintendent of Financial Institutions (OFSI). This is especially important in the context of the prime minister and minister of finance of Antigua and Barbuda, Gaston Browne, insisting that his government’s agreement is required before BNS can sell its Antigua holdings to RFHL or any other potential buyer.

Second, while the Canadian OSFI assesses applications for the incorporation of banks and makes recommendations to the finance minister, it is the minister who has the ultimate responsibility for approving the incorporation of banks and foreign bank branches. Importantly, in discharging responsibility to approve a bank, an important consideration is whether such approval is in the “best interests of the Canadian financial system”.

In the case of Guyana, both the governor of the Central Bank, Dr Gobind Ganga, and minister of state, Joseph Harmon, have stated that should the sale of BNS’ holdings be sold to RFHL, which already has a presence in the country, the latter would own at least 53 percent of total assets in the banking sector and more than 50 percent of total deposits. That situation troubles opposition leader and former president, Bharrat Jagdeo, as much as it worries the government, since RFHL would be able to exert control over interest rates and lending policies.

Like every other Caribbean country, Antigua and Barbuda’s financial services sector has been subject to a process of ‘de-risking’ by which global banks in the United States, the UK and parts of Europe have withdrawn correspondent banking relations (CBRs). CBRs are vital to bank transactions. Without them, bills for goods and services incurred overseas cannot be settled, and monies for goods and services, earned from overseas cannot be received.

This is one of the reasons given by BNS for disposing of its operations in the nine countries. BNS said, “These transactions are not material to Scotiabank,” which is “trying to shed regulatory burdens”. These burdens, incidentally, are imposed by the Organisation for Economic Cooperation and Development and the Financial Action Task Force, both external to the Caribbean.

By calling for BNS to sell its Antigua holdings to a consortium, comprising the government and local banks, the Antigua and Barbuda government says it is seeking “to strengthen the local banking sector, improve its resilience, and enhance the nation’s utilization of its own wealth, including keeping profits at home for re-investment in economic growth and social development”.

A sale of BNS’ holdings in Antigua to RHFL would not achieve the objective of enlarging the indigenous banks and increasing their capacity, making them more attractive for global banks to continue to provide CBRs. electricity history timeline Indeed, for Antigua and Barbuda and other Eastern Caribbean countries, the situation would worsen since they would lose BNS’ built-in CBRs with its headquarters in Canada; their indigenous banks would not be strengthened; and they would be faced with another bank (RHFL) that requires CBRs to conduct business.

In this connection, it is important to note that the Antigua branch is not capitalised, and figures available in the auditor’s (KPMG) statement of 8 January 2016, reveal that EC$59.41 million was transferred to head office. Further, in 2017 the branch declared profits of EC$28.24 million, but listed EC$30.2 million as “due to Head Office”, leaving retained earnings in 2017 of EC$4.785 million, down from EC$6.521 million in 2016. All of this seems to suggest that the Antigua branch has been transferring the bulk of its retained profits to BNS’ head office.

BNS operated in Antigua for over 50 years. It derived all the money to meet its costs and make yearly profits that it transferred to its headquarters in Canada from clients in Antigua and Barbuda; none of that money, except for the initial small capital expenditure, many decades ago, came from outside. To the very end, it transferred relatively large profits made in the small Antigua and Barbuda market to its parent company.

“The combination of a Fed that does not think that inverting the yield curve is a problem (along with) a global outlook that is not likely to improve in a sustained manner, is likely to lead to a monetary policy error that will push the economy into recession,” noted Philip Marey, senior U.S. strategist at Rabobank. “How many hikes this may take is still unclear.”

DISCLAIMER The information contained in this documentation is for your information only. All information contained in this documentation has been obtained from and is based on sources, including but not limited to, newspaper and magazine articles that First Citizens Investment Services believes to be accurate and reliable. However such information, facts, calculations, methodology, assumptions and estimates contained in this documentation have not been verified by us. gasbuddy touch All opinions and estimates constitute the Author’s judgment as of the date of the documentation which are subject to change; however neither its accuracy and completeness nor the opinions based thereon are guaranteed. As such, no warranty, express or implied, as to the accuracy, timeliness or completeness of this documentation is given or made by First Citizens Investment Services in any form whatsoever. Consequently, First Citizens Investment Services assumes no liability for the accompanying information, which is being provided to you solely for general information.