Rebranding of NICL General Insurance Company Limited

NICL General Insurance Company Limited is pleased to announce that effective immediately it will be operating under its Corporate brand name, NAGICO Insurance (Grenada Limited) and as a result it is currently in the process of rebranding. NAGICO Insurances; which is one of the largest privately owned general insurance companies in the Caribbean, entered Grenada in 2012 under the name NICL General Insurance Company Limited. “We entered Grenada three years ago at a time when residents were still experiencing the devastating effects of a failed insurance company with a name slightly similar to ours. “To avoid confusion and doubt, we … Continue reading

Congress getting in election mood

The main opposition National Democratic Congress (NDC) is getting into an election mood, according to the party’s General Secretary Patrick Simmons. In an exclusive interview with THE NEW TODAY newspaper after Congress held its General Council last week Sunday at the Concord government school, the former Minister of Sports said the party is re-energised and ready to deal with the issues that confront the nation. He said it was “probably the best” General council held by Congress since 2008 and it really “epitomised the seriousness of the party” to try and regain power. According to Simmons, Congress is now in … Continue reading

PRAISE WHERE IT IS DUE

I have to admit that it gives me great pleasure in going after economic and financial issues that are presented to the public from time to time by Ministers of Finance, Governors of Central Banks and Regional and International Institutions such as the Eastern Caribbean Central Bank, Caribbean Development Bank, World Bank, Inter-American Development Bank and the International Monetary Fund. The pleasure I derive is not linked to the notion of me wanting to be critical or having some kind of political bias. Everything I write is based on my training as an economist and is consistent with statistical and … Continue reading

Tax-Havens, the need for action – Part 2

By the very criteria set in the United States (US) by the Multistate Tax Commission (MTC), several states in the US are “tax havens”.  But, they have not been named in the legislation passed by the legislatures of Oregon, Montana and others. Among the MTC criteria for determining a tax haven is that a jurisdiction “during the tax year in question, has no or nominal effective tax on the relevant income”.  On that basis, there are 9 states in the US that are tax havens.  They are: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming where there is no … Continue reading

Temporary structure for Hubble Bridge

A temporary structure will be put in place as a replacement for the Hubble Bridge in Gouyave, St. John’s that collapsed two months ago. Parliamentary Representative for the Constituency of St. John’s, Alvin Da Breo announced on a local radio programme that a temporary bridge is currently being fabricated in a welding shop. Da Breo told the programme host last week Wednesday that the contract for the temporary facility was awarded to Junior La Touche but due to the high level of water in the river as a result of the heavy rains in Grenada over the past week, machinery … Continue reading

The More the Merrier with Digicel

Digicel kicked off its “The More the Merrier” promotion last week Friday (November 13) at the Digicel store on Melville Street with customer giveaways and a presentation to the media on the exciting elements of the Christmas promotion, which runs through to December 31. The ceremony was opened by Marketing Executive, Aaron La Grenade, who outlined the details of the promotion including cash and prizes amounting to over $70,000.00. Digicel would be bringing out its cash vault once per week for 6 weeks, allowing 3 lucky customers the chance to grab up to $5000 cash. At the end of the … Continue reading

Abandoned buildings in Town

Works Minister, Gregory Bowen has disclosed that Government is challenged to find an appropriate solution to deal with the issue of abandoned buildings in the Town of St. George. The issue is topical as from time to time, portions of some of the buildings fall apart, threatening the safety of passersby, including school children and motorists. Several persons on the island have often voiced complains that the old dilapidated buildings have become an eye sore especially to visitors to the island. Recently, a concerned citizen walked into the office of THE NEW TODAY, complaining about a portion of an abandoned … Continue reading

China’s Ark Peace offers free medical services

Grenadians are being encouraged to take advantage of medical services provided on board the People’s Liberation Army Navy (PLAN) China’s Ark Peace, an all inclusive/fully equipped hospital ship, scheduled to arrive in Grenada on December 5 for a short visit. The Chinese Peace Ark hospital ship, which is known for its successful humanitarian medical missions in many parts of the world, including, Asia, Africa and Haiti, is expected to berth at the Melville Street Cruise Terminal for 7 days. During the one-week visit, Grenadians would be exposed to a wide range of basic and advanced medical services and procedures, free … Continue reading

Haircut only for commercial debts

Permanent Secretary in the Ministry of Finance, Timothy Antoine has given details on a local radio station about government’s debt restructuring with its US bondholders. According to Antoine, the 50% haircut Grenada has received is only for the commercial debts with “powerful” bondholders, which amounted to about $700M and this group of creditors control most of the country’s bonds. He said the island’s total debt is about $2.6 billion and of that amount almost 40 percent of the commercial debt was contracted with the bondholders. The Keith Mitchell-led government in St. George’s took the decision in early March to default … Continue reading

WE MISS YOU

By Clare Briggs-De Gale Jericho, oh Jericho, My dear It’s four years ago you left us here To the great beyond, you have gone To none of us, you ever signaled or warned You were a good son of the soil You always answered Four Roads people and Grenada’s call We love you and we will always remember you for this Your family and friends will reminisce on your hugs and kisses The people of WEE-FM still recall hearing your voice You were the reason to listen, you were their best choice Oh how we miss you so We wish … Continue reading