The decision of the recent meeting of Executive Council attended by MLA Elsby, Bragger and Edwards, to increase quota access fees paid by local fishing companies by 50% will increase costs to the industry by £4 Million per annum. The hike is targeted at the Loligo and toothfish quota holders.
The elected government of the Falkland Islands announced that a new era has opened Islands with the inaugural Second Flight from São Paulo, Brazil, touching down this Wednesday afternoon at Mount Pleasant Airport.
Plans for a new Infant and Junior School are to be considered by the Falklands Executive Council. MLA Stacy Bragger has said that a recommendation to begin examining concept designs and site locations will be presented to the council in December.
Ahead of the Falkland Islands Government Executive Committee decision recently setting out new criteria for Individual Transferable Quota (ITQ) extensions from 2021 to 2046 Beauchene Fishing Co Ltd and Copemar S.A signed a new Joint Venture agreement to commence from 2021.
Executive Council has approved a plan that will help provide accommodation for workers who are needed to deliver the Government’s ambitious capital program and progress strategic capital projects over the next five years.
A major review of the Falkland Island fisheries establishes a strong foundation, building on what has already been achieved. Executive Council (ExCo) has adopted a number of recommendations from a review carried out in 2018 by New Zealand consultants Terra Moana, of the Falkland Islands’ Individual Transferable Quota (ITQ) system.
The Falkland Islands Government announced on Tuesday its commitment to introduce a Public Register of Beneficial Ownership in the Islands by 2023, which aligns with the UK Government’s timetable.
The Falkland Islands Government announced on Tuesday the appointment of Andrew Gaule as the new of Director of Policy and Economic Development. Andrew is due to arrive in the Islands on 2 November 2019 to allow for a seamless handover from the current Director Diane Simsovic.
Argos Resources Ltd on Monday swung to an interim loss and said it is adequately financed for the next 12 months as it continues to receive quarterly cash payments from two companies that withdrew from a production license offshore the Falkland Islands.
The impact of Brexit on the Falkland Islands' fishing industry could be “significant” according to the fishing industry, contradicting lawmaker MLA Roger Spink’s view in last week's Penguin News that there were measures that could be undertaken to mitigate the impact of potential tariffs.