A long overdue decision!!!
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:39
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EDITORIAL
THE NEW TODAY is in full support of the decision taken by Prime Minister Tillman Thomas to take back the lands given to Grand Prix driver, Lewis Hamilton and his outfit as part of the failed deal to purchase the Grand Beach hotel from Trinidad business tycoon, Issa Nicholas.
Jamaican Nabbed in Local Drug Ring
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:36
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A major drug trafficking ring involving a Jamaican connection has been broken into by members of the Financial Intelligent Unit (FIU), resulting in three persons appearing before a local Magistrate on Monday. The arrest of the individuals follows an extensive period of investigation by the FIU lasting over three months into the illegal exporting of cocaine from Grenada and using the monetary profits for personal gains.
Security Officer on $100,000.00 for Stealing
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:33
- Hits: 664
A security officer who is employed with one of the leading security firms on the island has been charged with stealing by reason of employment. Rondell Flemming of Mt. Rich, St. Patrick’s is accused of stealing cash amounting to $132,080.00 from the Automatic Teller Machine (ATM) of Republic Bank at Wall Street in Grand Anse, St. George’s.
Church chastises his colleagues
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:28
- Hits: 575
Government Backbencher Michael Church has taken a swipe at some of his former Cabinet colleagues accusing them of continuing their “gang psychology” war against him. Church, the Member of Parliament for St. John made the comment after abstaining on a vote to push through the Financial Intelligence Unit (FIU) bill through all its stages during a sitting of the House of Representatives last week Friday.
Korean Ambassador leaving the region
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:26
- Hits: 444
South Korea’s Ambassador to Grenada, Yong-Kyu Kwon is due to end his tour of duties to the Caribbean region next month after serving for five years. A luncheon was hosted in the Ambassador’s honour by the Honorary Counsel for the Republic of Korea in Grenada, Jerry Seales at Belmont Estate at Hermitage, St. Patrick’s last week Wednesday.
Benoit convicted of drug possession
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:25
- Hits: 665
Local businessman Aundel Benoit has been found guilty of two counts of possession with intent to distribute a controlled substance and importing a controlled substance in U.S. District Court last week Wednesday. However, while Benoit has been found guilty by the jurors, his co-defendant Carlyle Williams has been acquitted.
The casino gambling plotters
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:22
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THE NEW TODAY newspaper has obtained documentary evidence linking Zublin G'da Ltd to a scheme in which letters of comfort were being prepared for "emissaries" to get government officials to sign off on with respect to casino gambling on the island.
Mother and Daughter charged with harbouring Jexie
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:21
- Hits: 675
A mother and her daughter have been arrested and charged by lawmen in connection with harbouring the notorious prisoner Jexie Anthony Gibbs who escaped custody last week Monday. Laslyn Panchoo and her 20-year old daughter Kayuna from Dunfermline have been accused of assisting Gibbs in seeking refuge at their house.
Read more: Mother and Daughter charged with harbouring Jexie
Masked Men Attack Shopkeeper
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:20
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A Westerhall, St. David’s shopkeeper is nursing injuries after being severely chopped by attacking masked men. Geddes Gilbert who operates his shop at Stone Street in Westerhall was severely chopped after two masked men armed with a gun and a cutlass assaulted him after failing to obtain money from his business outlet last Friday night.
Terrorism bill gets passage
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:17
- Hits: 423
A new legislation criminalizing the act of terrorism in the county has been passed in the House of Representatives. The bill, which makes provision to combat terrorism and terrorist financing, was passed during last week Friday’s sitting.
Beacon unveils new brand
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:15
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A new era has dawn for the Beacon Insurance in Grenada with the unveiling of a new brand by Chairman of the Board of Directors, Trinidadian Gerald Hadeed and local Branch Manager, Molly Roberts.
Computers from Digicel
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:05
- Hits: 319
Digicel Grenada has answered the call made by the Tillman Thomas-led National Democratic Congress (NDC) Government to make a valuable contribution toward the National Youth Development Centre at Morne Rouge, St. George’s.
The visit of PAHO officials
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:12
- Hits: 329
Grenada paid host to some top officials from the Pan American Health Organisation and World Health Organisation during the past week. Director of PAHO, Dr. Mirta Roses Periago, who is based at the organisation’s headquarters in Washington- D.C. visited to attend the summit of Caribbean Regional Managers of Health held on February 6 at the Grenada Grand Beach Resort in Grand Anse.
Jerry Seales to appear in court
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:00
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The Director of Public Prosecutions (DPP) Christopher Nelson is bringing Magistrate of the Western District, Jerry Seales before the High Court. DPP Nelson was forced to take that action against Seales after he dismissed a Preliminary Inquiry (PI) on May 12, 2011 on a rape charge involving small businessman Curtis Baptiste of Victoria, St. Mark’s.
New Insurance Act seeks compliance
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:11
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An undisclosed number of insurance companies in Grenada have been sanctioned for being non-compliant in accordance with the new Insurance Act. Head of the Grenada Authority for the Regulation of Financial Institutions (GARFIN), Angus Smith made the announcement while speaking last week Thursday at the brand launch of Beacon Insurance Company.
Smith said sanctions for non-compliance that is a key component of the new Act is to encourage insurance companies to avoid being penalised. “We have actually started penalising some companies for non-compliance in certain areas,” he told the ceremony.
“The one thing we stress to the companies we supervise is compliance. We urge everybody to make sure, the local staff, the local management are familiar with the legislation,” he said. According to Smith the Insurance Act gives GARFIN the power to bar someone from being a manager or director of such an entity if they are determined to be not fit and proper.
The new Insurance Act, which replaced the 1973 Legislation and was passed in March 2010, is geared at significantly strengthening supervision and regulation of insurance companies in Grenada. According to Smith, capital requirements for local insurance companies increased from $500,000.00 to $2 million, and for foreign companies from $3 million to $5 million.
The new Insurance Act also covers pensions. Smith said companies could now register their pension plan for tax purposes only. “For the first time our pensions fall under the Insurance Act and are subject to supervision and regulation by GARFIN,” he remarked.
To date, GARFIN has registered about 20 pension plans. Through the new Act, quarterly reporting is required to be done by companies. Smith indicated that the Insurance Act is meant to be a harmonized piece of legislation throughout the Eastern Caribbean region.
The financial burden of MBIA
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 19:52
- Hits: 335
The Ministry of Tourism and Civil Aviation is working with other Government departments, particularly the Attorney General’s Chambers and the Ministry of Finance, to arrive at a solution to the current financial difficulties being experienced by the Grenada Airports Authority.
FIU Bill Passed
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 20:08
- Hits: 374
A bill geared at flushing out persons who engage in illegal activities while hiding behind the ‘corporate veil” of secrecy was passed last week Friday in the House of Representatives in Grenada. Known as the Financial Intelligence Unit Bill, 2012, the legislation which was piloted by Prime Minister and Minister of National Security, Tillman Thomas has changed the status of the Financial Intelligence Unit (FIU) into a department of Government.
MBIA will not close
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- Parent Category: Feb 2012
- Category: Week end Feb 18th, 2012
- Published on Monday, 20 February 2012 19:49
- Hits: 263
The Government of Grenada gives the fullest possible assurance to the general public and visitors to Grenada that the Maurice Bishop International Airport (MBIA) will remain in full and effective operation.
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