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Montevideo, April 26th 2024 - 13:33 UTC

Tag: FIG

  • Wednesday, February 6th 2019 - 09:59 UTC

    Falklands approves funding for a new aircraft to meet local demand

    The new aircraft will further support the steady increase in passenger numbers, which has risen from 5,800 in 2011/12 to 8,800 in 2017/18.

    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.

  • Friday, December 14th 2018 - 08:28 UTC

    Falklands' government operating surplus 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.

    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.

  • Friday, October 12th 2018 - 02:04 UTC

    Falklands’ government and fishing industry seek support in Galicia

    Conxemar Seafood Exhibition in Vigo Spain with more than 700 exhibitors received 35,000 visitors, they estimated business volume in more than 2,000 million euros.

    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.

  • Friday, September 21st 2018 - 09:03 UTC

    Falklands could allow floating hotels for oil industry workers

    The floating barge would be anchored in Stanley Harbor

    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.

  • Monday, September 10th 2018 - 09:03 UTC

    Falklands increases retirement age from 64 to 65 in 2020

    The decision arose out of an actuarial review of the FIG Retirement Pension Fund (RPF) carried out in 2016, which found the fund to hold a £82m deficit

    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.

  • Wednesday, June 13th 2018 - 09:35 UTC

    FIH Group has seen pretax profit rise 74%

    The Falkland Islands Company unit saw revenue rise 2.4% to 18.3 million and pretax profit 23% to GBP1.3 million.

    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.

  • Sunday, February 4th 2018 - 21:08 UTC

    Falkland Islands Government initiate Review of Education Facilities

    Education a priority - the Infant Junior School/CE above

    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.

  • Saturday, September 2nd 2017 - 10:36 UTC

    Falklands' Government Investment funds reached £344 million in June 2017

     In the funds managed by FIG’s external investment managers, the market value increased from £157 million at the end of June 2016 to £176 million in 2017

    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.

  • Sunday, June 18th 2017 - 10:52 UTC

    Falkland Islands: New terminal in 2½ years

    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.

  • Friday, June 9th 2017 - 11:14 UTC

    Falklands: Red Cross exhumation of Argentine remains in three phases

    “Probably on the 19th maybe a few days later, starting with the exhumation proper and the job of taking bone samples from the various human remains…”

    With 123 graves to be exhumed but 140 families waiting for news, the exhumation and identification of Argentine war dead in the Falklands will bring answers to some families, but not every family involved, Head of the International Committee of the Red Cross (ICRC) and Operational Coordinator for the project to identify the remains of Argentine soldiers buried at Darwin Cemetery.