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HALIFAX, Nova Scotia, Jan. 25, 2011("Emera" - Toronto Stock Exchange listing "EMA") wishes to advise all shareholders of Light & Power Holdings Ltd. ("Light & Power Holdings" - Barbados Stock Exchange listing: "LPH") that the offer to purchase all issued and outstanding common shares in Light & Power Holdings at a cash price per share of BB$25.70 (twenty five Barbados dollars and seventy Barbados cents) closed as of 5 pm on January 24, 2011.
As Member States of the Caribbean Community (CARICOM) work to expand their export capacities to participate in multilateral trading systems, calls are being made for the World Trade Organisation’s (WTO) Aid for Trade mechanism to be a tool for development, particularly for small vulnerable economies of CARICOM.
Ambassador Irwin LaRocque, Assistant Secretary-General, Directorate of Trade and Economic Integration, CARICOM Secretariat expressed those sentiments at the opening of the WTO Regional Forum on Aid for Trade for the Caribbean on Tuesday 25 January 2010 in Barbados.He said if Aid for Trade was to be a tool for the development of the small vulnerable economies of CARICOM, international development partners should take a sympathetic view to providing support for infrastructure, where such infrastructure was directly related to the development of the export trade of these countries.
GRAMMY-nominated reggae singer, Wayne Wonder, winner of the MOBO Award (2003) and three BMI Urban Awards, has added to his cache having received an Award of Excellence from the organisers of Caribfest in Barbados.According to Wayne Wonder's manager, an invitation had been extended to the singer to perform at the function but they were given absolutely no indication that he was there to receive an award.
Soca Queen Alison Hinds will perform at this year's Jamaica Jazz and Blues Festival scheduled to run from January 27-29.
She joins a first-class line-up which includes veteran singers Ron Isley, Regina Belle, trio SWV, pop idols Maroon Five and Jamaica's own musical sensation Diana King.The British-born Hinds relocated to Barbados at the age of 11. She joined the soca band, Square One right out of high school. Their first hit Ragamuffin gave the group and Alison much deserved recognition. Over time she became widely known for her energetic performances, robust vocals and unqualified musical talent.
The T&T team is now down to 25 players and the final 20-man squad will be named by head coach Shawn Cooper at month-end.
According to team manager Christo Gouveia, Trinidad and Tobago will travel to play Barbados but a proposed friendly with Venezuela is now off.
Barbados Minister of Finance, Chris Sinckler has announced an extension to the island’s Waiver of Interest and Penalties Programme (WIPP), until November 30, 2011.
The programme is being extended following inclusion in the Budget, presented late in 2010. The programme enables taxpaying entities with unpaid value-added tax (VAT) balances in previous years to avail themselves of the chance to settle their arrears with the penalties and interest applicable halved.The authorities are allowing payment to be made under plans of up to five years in duration, depending on individual circumstances.
The Central Bank of Barbados has forecast 2% growth for Barbados in 2011 and 3% in the post-period. The international business sector is expected to benefit from the forecasted global turnaround and the signing of new tax treaties.
In its 2010 Annual Review released January 11, 2011, the Central Bank indicated that the Barbadian economy recorded some positives in spite of the continued challenge of the depressed global situation. Several sectors recorded improved performances.
The real estate market in Barbados is back on track with last year seeing surge in activity as the global economic downturn has placed the location in a better competitive position, according to a new report.
Although property prices have reduced by up to 15% since the middle of 2008 many buyers are attracted by the strength of the Barbados property market in the face of alternative destinations that have faltered quite dramatically, says the report from property consultants Cluttons.
In 2010 Cluttons Barbados has had a successful year with an increase of approximately 70% in sales completed versus 2009. As Barbados enters its winter peak buying months, it is obvious that buyers are now returning to the Barbados property market, the report suggests.
Villas, hotels and flights are booked up and it is even becoming harder to secure a table at the top restaurants, which is a glimmer of pre–recession times.
‘We do expect an increase in property values during the next 12 months, however this still remains an extremely good time for purchasers to negotiate. Home buyers are attracted by the potential to negotiate a discounted price with high expectations of rental and capital growth. This is based on the stability of the economy, currency exchange rates, location and the quality of properties that Barbados has to offer,’ said Kieran Kelly of Cluttons Barbados.
Monday January 10
Combined Campuses & Colleges v Windward Islands (4pm)
Jamaica v Guyana (8pm)
Tuesday January 11
Canada v Hampshire Royals (4pm)
Leeward Islands v Barbados (8pm)
Wednesday January 12
Somerset v Guyana (4pm)
Combined Campuses & Colleges v Jamaica (8pm)
The Trinidadian woman who is accused of fleecing a number of persons out of their money by promising them non-existent jobs in Barbados, has been further remanded.
Acting Senior Resident Magistrate Vivienne Harris, however, ordered that a lawyer be assigned to Sheriese Egbo,by the time she returns to court on January 26 when charges against her will be further mentioned.In court yesterday, the woman pleaded guilty to a breach of the Immigration Act by overstaying, and not guilty to two additional charges of obtaining money by false pretences.