Connect with us

Investment

Dominica's Leader to 'Level Playing Field' With Citizenship-by-Investment-Funded Homes – PRNewswire

Published

 on


LONDON, Oct. 2, 2020 /PRNewswire/ — At the second residence allocation ceremony in September, the Commonwealth of Dominica’s Prime Minister, Roosevelt Skerrit, spoke about elevating the island by providing housing. Funded by the Citizenship by Investment (CBI) Programme, the Housing Revolution initiative aims to make all new infrastructure in withstand hurricanes. 

After 2015’s Tropical Storm Erika, the Government of Dominica took immediate action to recover from the disastrous event and responded promptly to the greatest need of the country – the rebuilding of homes. When a natural disaster in 2017 once more destroyed majority of the houses in Dominica, the Housing Revolution emerged as the Government’s prime response to the catastrophic events experienced by the Dominicans. For Prime Minister Skerrit, the priority became safeguarding citizens by making the nation the first in the world to be climate-resilient.

“When we see the landscape of Dominica and compare it to 15 or 20 years ago, we can see the vast number of homes that have been constructed because of the facilitation of this Dominican Labour Party,” said the Prime Minister at the Jimmit ceremony where he appointed 30 families with keys to their new homes. “We are to bring everybody to the level playing field. Those who are up, keep them going up, those who are down, bring them up,” he added. 

The CBI Programme in Dominica was launched in 1993. It is one of the oldest Programmes in the world and has since been a significant player in improving the lives of Dominican citizens. From socio-economic affairs like education and healthcare to making the island a Caribbean tourism must-see, the Programme has helped numerous sectors in the country.

Following a foreign investor’s rigorous vetting, they can earn Dominica’s prestigious citizenship with a minimum contribution of US$100,000 to the Economic Diversification Fund or through an investment of at least US$200,000 in pre-approved real estate. The economic citizens are afforded access to an array of immigration benefits, including freedom of travel – with visa-free or visa-on-arrival entry to approximately 140 countries, and the prospect of securing a safe future for themselves and generations to come.

Last month, the island’s CBI Programme was voted best in the world by the Financial Times’ Professional Wealth Magazine for its due diligence, affordability, efficiency and commitment to integrity.

[email protected], www.csglobalpartners.com

SOURCE CS Global Partners

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

Brazil's Oil Giant Slashes Its Five-Year Investment Plan – OilPrice.com

Published

 on



Brazil’s Oil Giant Slashes Its Five-Year Investment Plan | OilPrice.com

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

Premium Content

Brazil

Brazil’s state energy giant Petrobras has cut its five-year investment plan by 27 percent to $55 billion, driven by the effects of the coronavirus pandemic. Reuters reported, citing a regulatory filing, that the company will focus its efforts on developing deepwater oilfields in the pre-salt zone that is estimated to contain billions of untapped barrels of oil. The pre-salt fields are Brazil’s main point of attraction for foreign energy firms, too.

Of the $55 billion Petrobras plans to spend over the next five years, most will go towards exploration and production. Still, at $46 billion, the sum to be allocated for exploration and production until 2025 is down from $64 billion planned a year ago.

The company also said it will only develop fields where it could break even at international oil prices of $35 per barrel.

As a result of the spending revision, Petrobras will produce less oil and gas next year, the company said, aiming for a daily average of 2.75 million barrels of oil equivalent. This is down from 2.84 million bpd this year. Related: EIA Sees WTI Crude Averaging $44 In 2021

However, going forward, production will increase, reaching 3.3 million barrels of oil equivalent in 2024. The boost will come from the pre-salt zone, which will also drive the company’s output this year. Petrobras said at the release of its third-quarter results in September that it had originally expected an output of 2.7 million bpd of oil equivalent for this year.

Crude oil production from the pre-salt fields marked a quarterly increase of 8.1 percent to 1.651 million bpd in the third quarter of this year, mainly due to higher operational efficiency of the platforms in the Búzios field and the ramp-up of production platforms in the Tupi and Atapu oilfields. Compared to the third quarter of 2019, Petrobras’ crude oil output in the pre-salt area jumped by 20.8 percent.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today


Back to homepage

<!–

Trending Discussions

–>



Related posts

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

Scammers fool Britons with investment firm clones, says trade body – TheChronicleHerald.ca

Published

 on


LONDON (Reuters) – More than 200 British retail investors have lost nearly 10 million pounds ($13.4 million) in total to sophisticated investment scams since a government lockdown in March to fight the COVID-19 pandemic, a trade body said on Saturday.

Fraudsters cloned genuine investment management firms’ websites and documentation, and advertised fake products on sham price comparison websites and on social media, the Investment Association said.

Greater financial uncertainty and more time spent online have likely contributed to the increase in scams, industry sources say.

Losses amounted to 9.4 million pounds ($12.56 million) between March and mid-October, the IA said, based on information it got from member firms which had been cloned.

“In a year clouded in uncertainty, organised criminals have sought opportunity in misfortune by attempting to con investors out of their hard-earned savings,” Chris Cummings, chief executive of the Investment Association said.

The investment management industry was working closely with police and regulators to stop the scams, he added.

Britain’s Action Fraud warned earlier this month that total reported losses from all types of investment fraud came to 657 million pounds between September 2019 and September 2020, a rise of 28% from a year ago. Reports spiked between May and September, following Britain’s first national lockdown, the national fraud and cyber crime reporting centre added.

(Reporting by Carolyn Cohn; ediitng by Emelia Sithole-Matarise)

Let’s block ads! (Why?)



Source link

Continue Reading

Investment

Ontario Increasing Investment in Video Surveillance Systems – Government of Ontario News

Published

 on


Ontario Newsroom | Salle de presse de l’Ontario

We’re sorry but Ontario Newsroom doesn’t work properly without JavaScript enabled. Please enable it to continue.

Let’s block ads! (Why?)



Source link

Continue Reading

Trending