Thu, 22 Oct 2020 21:34:17 +0000 Official Govt & Legal Notices For Oct 22 2020

The official Government and Legal notices for today [Oct 22] include large group exemption and Bermudian status. Acquisition Of Land By a Non-Bermudian Notice Type: Government Notice Notice Sub Type: Acquisition of Property by a Non Bermudian Notice ID: GN0958/2020 Public Authorities / Department: Ministry Level Publication date: 22 October 2020 Acquisition of Land by […](Click to read the full article)

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Wed, 21 Oct 2020 17:47:54 +0000 TT among 11 Caribbean countries in PAHO’s Covax plan

TT IS AMONG 11 Caribbean countries in the Pan American Health Organization's (PAHO) financing mechanism plan for the purchase of vaccines against covid19. PAHO director Clarissa Etienne speaking at a virtual press conference on Wednesday, reported that the organisation is working on ways for  all countries in the Americas to access a vaccine. "We are evaluating the legal, judicial and economic steps and actively collaborating with financial entities to support countries for the acquisition of vaccines through advance payment, all through the Covax mechanism," said Etienne. Covax is a platform that supports the research, development and manufactureof a wide range of covid19 vaccine candidates and negotiates their prices. "In the Caribbean, PAHO is working with many financial institutions in the region, the Caribbean Subregional Programme Co-ordination, and with the European Union so that all countries can receive support," said Jarbas Barbosa, PAHO deputy director, in response to a question from Newsday. Barbosa said there is an inventory of 190 experimental vaccines and 11 have advanced to phase III of human trials already. PAHO will support the distribution of a vaccine that has been proven in clinical trials to be

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Wed, 21 Oct 2020 00:10:18 -0500 KPREIT lands long-sought Ashenheim Road asset

Real estate investment trust Kingston Properties Limited, KPREIT, plans to spend no more than $60 million on improvements to its newest acquisition, commercial property at East Ashenheim Road in Kingston, before going to the market in search of...

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Wed, 21, Oct, 2020 07:01:00 GMT Did Facebook steal Instagram's look?

The Facebook and Instagram merger has sprouted a new-look Messenger which some are already calling out as too close for comfort. The all-blue speech bubble was largely unchanged since Messenger arrived in 2011, but the new design sports a gradient of purple, pink and orange. Observers have remarked that it's too close to Instagram's ...

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Mon, 19 Oct 2020 21:32:06 +0000 Official Govt & Legal Notices For Oct 19 2020

The official Government and Legal notices for today [Oct 19] include large group exemptions, acquisition of property by a non Bermudian, and acting appointments. Large Group Exemption Bermuda Charge Fundraising Event-Bermuda Transport Museum Notice Type: Government Notice Notice Sub Type: Public Notification Notice ID: GN0950/2020 Public Authorities / Department: Ministry Level Publication date: 19 October […](Click to read the full article)

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Mon, 19 Oct 2020 13:33:29 +0000 Previous Gov. committed ‘criminal act’ with anesthetic

Santo Domingo.-  Public Health Minister, Plutarco Arias, on Friday. labeled as a “criminal act” the acquisition of the anesthetic bupivacaine, by the previous administration from the Síntesis S.R.L laboratory. Arias said batch number 04620Z did not meet the standards required in the process of good manufacturing practices, thus causing serious harm to patients. Local media report that at least two patients went into a comma after they were administered the anesthetic. Faced with adverse reactions, in recent days Dominican Republic’s Medicine, Food and Health Products Directorate (DIGEMAPS), proceeded to confiscate the batch, to safeguard the quality, safety and efficacy of drugs marketed in the country.

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Mon, 19 Oct 2020 12:34:12 +0000 Shell Bahamas approved as independent power producer

The Utilities Regulation and Competition Authority (URCA) has approved Shell Bahamas Power Company Incorporated as an independent power producer (IPP) in The Bahamas. According to URCA’s register of licensees, Shell’s license commencement date began October 5 and expires on the same date in 2035. Shell’s acquisition of the IPP from URCA is an important part …The post Shell Bahamas approved as independent power producer appeared first on The Nassau Guardian.

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Sun, 18 Oct 2020 11:19:22 +0000 Apex Group: Planned Acquisition Of FundRock

Apex Group Ltd., a global financial services provider, announced today the planned acquisition of FundRock Management Company SA and FundRock Partners Ltd. A spokesperson said, “This latest deal serves to reinforce Apex’s ability to deliver award-winning services on a global basis and complement the Group’s 2019 acquisition of Luxembourg-based ManCo LRI, adding 150 employees across […](Click to read the full article)

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Thu, 15 Oct 2020 21:16:13 +0000 Official Govt & Legal Notices For Oct 15 2020

The official Government and Legal notices for today [Oct 15] include acquisition of properties by non-Bermudians and intention to apply for the release and dissolution of the company. Bermuda Monetary Authority Sorford Surety Insurance Co. Ltd Notice Type: Government Notice Notice Sub Type: Cancellation of Registration Notice ID: GN0938/2020 Public Authorities / Department: Bermuda Monetary […](Click to read the full article)

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Fri, 16 Oct 2020 12:58:05 +0000 Health care workers cry out ‘Beds, not body bags’ about Brooklyn hospitals merger

Kingsbrook, along with Interfaith Medical Center and Brookdale, the other two hospitals looking at consolidation, employ a significant number of Haitian-Americans. The planned merger of services is part of a $700 million New York State plan to consolidate services at the facilities, which are managed by One Brooklyn Health, a nonprofit.

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Thu, 15 Oct 2020 18:55:04 -0500 Billy Craig and Maritime General to merge

Pending regulatory approval, Billy Craig Insurance Brokers and Maritime General Insurance Brokers, MGI, will merge their operations to form BCMG Insurance Brokers Limited. Billy Craig Insurance CEO, William Craig, says the merger is a non-cash...

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Wed, 14 Oct 2020 15:52:55 +0000 New police HQ coming in Sea Lots

IN fiscal 2021, infrastructural upgrades are planned for several facilities used by the police, including a new police headquarters in Port of Spain. According to the Public Sector Investment Programme 2021, "These projects, once completed are geared towards reducing the fear and incidents of crime all together, while improving accountability and service delivery to the citizens of TT." Approximately 80 people are expected to be employed during these projects. The PSIP said to save on rental cost in and around Port of Spain and to consolidate its key operations under one roof, the police will establish a new headquarters at Abattoir Road, Sea Lots. The building will house Commissioner of Police Gary Griffith, deputy commissioners and the heads of all of the police's intelligence and investigative units. The estimated cost of this project is $243.8 million. The proposed works for 2021 include completing designs and procuring a main contractor. An allocation of $15 million will be provided to cover the cost of designs and the construction contract, initiate the tender procurement process, site preparation, foundation and preparatory works and the start of construction. In the meantime, upgrade work will continue at the existing pol

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Wed, 14, Oct, 2020 07:01:00 GMT 2020: The year SPACS and APO's took hold in the equity markets

Unlike in 2019 when companies traditionally raised money through the route of initial public offering (IPO), 2020 has seen a total transformation in the United States and Jamaican markets as companies raise capital through special purpose acquisition companies (SPAC) and additional public offerings (APO).

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Wed, 14 Oct 2020 00:10:54 -0500 Proven testing market currents - Two acquisitions pending, new APO under consideration

Proven Investments Limited has two deals in the pipeline that it plans to finance in part through an additional public offering, APO, of shares on the market. The APO would be its second attempt at an equity raise, having pulled back an offer...

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Wed, 14 Oct 2020 00:13:25 -0500 Kremi acquires property, still to decide use

Caribbean Cream Limited, which trades as Kremi, has pumped $60 million into the acquisition of a half-acre of land that sits next to its head office at 3 South Road in Kingston. The sale, which was completed in June, follows on a $65-million...

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Tue, 13, Oct, 2020 07:01:00 GMT Acquisition of land titles to be made easier for farmers, says Green

MINISTER of Agriculture and Fisheries Floyd Green says the Government is taking steps to make the process of getting land titles easier for farmers.

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Fri, 09 Oct 2020 19:16:34 +0000 Young: We work with what we have

NATIONAL Security Minister Stuart Young said Government remains committed to helping the police do all they can to curb crime. Young made the statement in his contribution to the budget debate in the House of Representatives on Friday. He said the allocation for the police is on par with the allocations the ministry received in the budget for the other entities which fall under its jurisdiction. National security received a $5.227 billion allocation. He told MPs, "We will work with what we have." Government continues to be committed to the fight against crime, he said, adding that this meant ensuring that the police and all other law enforcement agencies receive the resources they need. In this fiscal year, a properly vetted multi-agency task force to bolster border security will be created, he said, and will include members from the police, Defence Force, Customs and the intelligence services. It will help dealwith challenges such as human trafficking. After observing there appears to be a lucrative trade in trafficking Venezuelan nationals illegally into TT, Young questioned how some local lawyers seem quick to rush to court to get protection orders for some of the traffickers. Government, he continued, will not al

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Fri, 09 Oct 2020 00:14:17 -0500 Trade Winds to jump-start milk business with JBL acquisition

Juice maker Trade Winds Citrus Limited has acquired all the assets of Jamaica Beverages Limited, JBL, giving the company a jump-start on the milk business which it has been after for the past three years. The initial hold-up surrounded Trade Winds...

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Fri, 9, Oct, 2020 07:01:00 GMT Trade Winds Citrus acquires Jamaica Beverages

Juice manufacturer Trade Winds Citrus Limited is expanding into the milk business with its acquisition of the assets of Jamaica Beverages Limited, which has been in receivership for the last two years.

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Thu, 08 Oct 2020 19:20:05 -0500 Confident JMMB to resume dividend payments

In a show of confidence, financial conglomerate JMMB Group said it intends to grow through acquisitions and would resume paying dividends to shareholders. The M...

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Thu, 08 Oct 2020 06:40:19 +0000 TT Chamber responds to 2021 budget

Following the reading of the national budget for fiscal 2020/2021, the Trinidad and Tobago Chamber of Industry and Commerce acknowledges the unprecedented economic challenges which impacted its formulation. With TT’s main revenue streams still dependent on gas and oil – commodities which are not enjoying high prices globally – the projected prices of US$45 per barrel for oil, and gas at US$3 per mmbtu, appears reasonable at this point. The Finance Minister acknowledged the challenges faced by the gas value chain, and the need to become competitive. Long term sustainability of the sector will be dependent on how quickly the work being performed on the gas value chain is completed. The positive adjustment to the supplemental petroleum tax (SPT) regime will have a significant impact on small producers, where we expect increased activity. We are also encouraged by the statement that the Petroleum Act will be reviewed. Hopefully this can be done sooner rather than later. Overall, the push to start the energy transition is encouraging but greater focus must be placed on energy conservation and reducing wastage. With a proper plan, this could be done successfully and opportunities created for investment. However, there ar

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Wed, 07 Oct 2020 22:19:59 +0000 Official Govt & Legal Notices For Oct 7 2020

The official Government and Legal notices for today [Oct 7] include large group exemptions, acquisition of property, cancellation of registration, and acting appointments. Large Group Exemption: Inter-Island Communications Limited Bermuda Idol Competition Notice Type: Government Notice Notice Sub Type: Public Notification Notice ID: GN0907/2020 Public Authorities / Department: Ministry Level Publication Date: 07 October 2020 […](Click to read the full article)

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Wed, 07 Oct 2020 09:43:18 +0000 Butterfield Share Repurchases For Sept 2020

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of September 2020, the Bank repurchased for cancellation 75,600 Common Shares at an average price of $ 24.32 per share. Related Stories Butterfield Announces Registered Offering Butterfield Completes Acquisition Of GTS Butterfield Bank Advises […](Click to read the full article)

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Wed, 7, Oct, 2020 07:01:00 GMT Musson Jamaica acquires Massy Holdings IT and communications business

Musson (Jamaica) Limited has completed the acquisition of Massy Holdings Limited's regional information technology and communications line of business, Massy Technologies.But Musson has not disclosed how much it paid for one of the largest and most prominent information technology and communications providers in the Caribbean.

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Wed, 07 Oct 2020 00:13:46 -0500 Musson acquires Massy Tech

Musson Jamaica Limited has taken over the technology arm of Massy Holdings Limited through a newly formed subsidiary. The terms of the acquisition of Massy Technologies from its Trinidadian parent were not disclosed. Based on a review of Massy...

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