Last week Penguin News reported on the uncertainty surrounding Brexit causing a slump in meat sales from the Falkland Islands Meat Company and lower prices.8 comments
The Falkland Islands Government Air Service has received funding approval from the Executive Council and the Standing Finance Committee for a new aircraft to replace Islander VP-FBM which incurred substantial structural damage while landing at Beaver Island in June.
The Falkland Islands Government Standing Finance Committee heard on Wednesday that the forecast operating surplus for the whole of the year now stands at £9.4 million. Expenditure is expected to ramp up over the remainder of the financial year, with plenty of infrastructure work being scheduled for the summer months.
A delegation from the Falkland Islands government was last week in Vigo, Spain to support Falklands Fishing Company Association (FIFCA) members attending the Conxemar Seafood Exhibition and to reinforce the Falkland Islands case during Brexit negotiations.
An outline planning application submitted to the Falkland Islands Government, FIG, is seeking approval in principle for the siting of a floating accommodation barge in Stanley Harbor.
The Falkland Islands Executive Council has approved changes to the Retirement Pensions Ordinance that will increase the retirement age from 64 to 65 in 2020. The changes reflect a policy initially approved by ExCo in 2013 and later by Budget Select Committee during the 2017/18 budget process. Those changes proposed an increase in the retirement age by a year every ten years as of 2020.
Falklands-focused retail and logistics firm FIH Group PLC hiked its dividend on Tuesday after profit and revenue rose amid a much improved performance from its largest unit. For the year ended March, pretax profit widened 74% to GBP3.3 million from GBP1.9 million the year prior. This was after revenue rose 8.2% to GBP43.8 million from GBP40.5 million the year before.
The Falkland Islands Government last week initiated a review of the educational buildings and facilities in the Falkland Islands. This review has been driven by both internal and community pressure and questions over whether facilities continue to meet the growing needs of the community.
The market value of all Falkland Islands Government, FIG, investment funds have increased from £285 million in June 2015, to £309 million in June 2016 and to £344 million in June 2017.
THE air terminal at Mount Pleasant is likely to be subject to civilianisation in approximately nine months, and be rebuilt, or extended or refurbished in two and a half years, stated the Chief Executive Barry Rowland at the public meeting on Monday.