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.
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.
The Falkland Islands Government has announced that the parade to celebrate the birthday of Her Majesty the Queen will be held at Victory Green in Stanley on Friday 21st April 2017. The parade will form up at Victory Green at 10.20 hours and His Excellency the Governor will arrive at 10.30 hours.
The Falkland Islands government has announced that with the introduction of the new Telecommunications Ordinance, recent focus has been on setting up structures to regulate the Sure exclusive license.
Falkland Islanders are being asked to comment on proposals to recommend three Marine Management Areas (MMAs) to the Falkland Islands Government (FIG). These areas include some of the Falklands most pristine and vulnerable marine environments such as around Beauchêne Island and the Jason Islands archipelago, and include globally important populations of the Black-Browed Albatross and the Rockhopper penguin.
The Falkland Islands government announced on Monday that it is currently in discussion with Premier Oil on a wide range of issues with the objective of progressing the Sea Lion development towards a successful project sanction.
The Falkland Islands government would claim 9% royalty on one barrel of oil, plus 26% corporation tax on profit, confirmed Member of Legislative Assembly Roger Edwards this week.