The Falkland Islands Government announced the appointment of Debbie Ferriby as Head of Finance. Debbie is an experienced and qualified accountant, and is currently the Chief Finance Officer at Sure South Atlantic, based in Stanley.
Argentine entrepreneur Eduardo Eurnekián, who financed the Argentine cemetery in the Falkland Islands to bury with dignity those who perished in the 1982 war and also the March 26 flights for relatives to visit the graves of the newly-identified bodies, last week flew to the Islands to the place that has touched his heart since 2003 and thank everybody for the humanitarian accomplishment.
The proposed second airline service between the Falklands and South America with a once a month stopover in Argentina, drew both strongly voiced concerns and praise at a public meeting held on Wednesday evening in Stanley. Worried citizens suggested Argentina might manipulate Islanders by threatening to interrupt the link to Sao Paulo, Brazil in the longer term.
The Falkland Islands could have a new port within the next two years. Three consortia have presented proposals to the Falkland Islands Government (FIG) for a new port confirmed Legislative Assembly Member Dr Barry Elsby in recent weeks.
The Falkland Islands retail price index (RPI) increased by 3% over the last 12 months, the Standing Finance Committee was told this week. The hike is principally down to an increase in the cost of fuel and power (excluding fuel for transport), which led to a 1.6% increase in the index, and food and non-alcoholic beverages, which further raised it by 1.1%.
The Falkland Islands Government operating surplus of £38 million for 2017/18 was driven primarily by favourable Corporation Tax receipts. The original budgeted deficit in my view led the former Legislative Assembly to be over cautious in their demands leading to unnecessary thrift in some areas, according to MLA Roger Spink, who is head of the Government Services Portfolio of the Assembly.
The Falkland Islands Government has set out its medium term plan for the Islands with an ambitious Budget designed to ensure that we have solid foundations for future economic, social and political development.
The Falkland Islands' total catch of the loligo squid, or Falklands' calamari, in the first season of 2018 was 43,085 tons, which compares very favorably to first-season catches over the last five years.
Members of the Falkland Islands Legislative Assembly recently reviewed the portfolio system, having now been in post for six months. The resulting changes are designed to provide greater clarity in the detail of each portfolio, as well as to ensure equity for each portfolio holder.
The Falkland Islands forecast operating budget surplus for the current financial year sits at £33m, Standing Finance Committee (SFC) was told on Wednesday. The surplus, up from the previous forecast of £27m, has been boosted by fishing company corporation tax payments, which have been “significantly higher than budget.”