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PM, Scotiabank officials to meet
The Antigua and Barbuda government Friday said that a meeting with officials of the Bank of Nova Scotia will take place this month after initially indicating that the bank had turned down the request for the talks regarding the sale of its branch holdings on the island. Government Chief of Staff, Lionel ‘Max’ Hurst, speaking…
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Customs Department clamping down on illegal alcohol and tobacco imports
The Customs Department will confiscate alcohol and tobacco that does not bear a required stamp, Comptroller of Customs Raju Boddo has announced. Boddo said the new measure will come into effect later this year. Customs reportedly loses up to $10 million annually from illegally imported alcohol and tobacco. Boddo told state media “we don’t have…
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Sandals to eliminate Styrofoam at all resorts
Sandals Resorts International (SRI) says it will be eliminating all Styrofoam products from the 19 Sandals and Beaches resorts across the region, “in a continued effort to protect the environment.” Deputy Chairman of SRI, Adam Stewart, in a statement on Thursday said environmental sustainability remains a key priority to the company. “After eliminating plastic straws,…
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APUA to invest EC$80 million in its own sub-sea cable
The Antigua Public Utilities Authority is expected to invest $80 million in its own sub-sea cable, Prime Minister Gaston Browne has announced. Browne said high-speed broadband is essential to provide wide enough bandwidth to facilitate all the modern industries that now operate globally on the Internet. “That is why in 2019, APUA will invest $80…
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Nothing half-way about planned luxury resort Half Moon Bay Antigua
Forbes – One world-class Caribbean setting is going to become even more unrivaled starting in summer 2019. That’s when Half Moon Bay Antigua, a low-density, 132-acre resort, is slated to begin construction in Antigua, the favorite vacation destination of Princess Diana and Whitney Houston, and the haunt of tycoons like Richard Branson and Georgio Armani. From…
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Sagicor says it’s here to stay
Financial services giant Sagicor Financial Corporation is reassuring Barbadians and other residents throughout the region and the United States that the company remains committed and its recently proposed deal with Canadian-based Alignvest will not impact on its operations. This assurance comes a month after the company announced that it had agreed to sell its shares,…
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Antigua invites ScotiaBank to meeting to discuss purchase
Prime Minister Gaston Browne has invited competent authorities of the Bank of Nova Scotia to a meeting by 7th January 2019 to discuss the purchase of the bank’s branch holdings in Antigua and Barbuda. The invitation is contained in a letter sent on December 13 by the Prime Minister to Scotiabank’s branch Manager in Antigua,…
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Scotiabank obligation for decades of profits
By Sir Ronald Sanders (The writer is Antigua and Barbuda’s Ambassador to the United States and the Organisation of American States. He is also a Senior Fellow at the Institute of Commonwealth Studies at the University of London and at Massey College in the University of Toronto. The views expressed are his own) A curious double standard…
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PM reiterates position regarding sale of Scotiabank
Prime Minister Gaston Browne says the Antigua and Barbuda government will not be held responsible for any run on Scotiabank as he reiterated his administration’s position in not providing a vesting order to facilitate the sale of the financial institution to Trinidad-based Republic Financial Holdings Limited (RFHL). “What if there is a run on the…
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Dominica and Airbnb sign agreement to promote tourism and home sharing
The Discover Dominica Authority and Airbnb have signed a Memorandum of Understanding (MOU) to cooperate on areas of common interest. By promoting the destination to a wide range of travelers through the platform the agreement will ensure home sharing continues to thrive as a healthy addition to the local tourism sector, helping support economic growth,…