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Call This Caribbean Born Actor ‘Your Excellency’

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By NAN ET Editor

News Americas, NEW YORK, NY, Fri. Jan. 17, 2020: Caribbean born Hollywood actor, Joseph Marcell, has been called many things, but now you can add “Your Excellency” to the list.

Marcell, who was born in St. Lucia and is best known for his role as Geoffrey Butler, the butler on the NBC sitcom The Fresh Prince of Bel-Air from September 1990, along with Will Smith, was recently given the title of Goodwill Ambassador of his homeland, which comes with the title.

Marcell moved to the United Kingdom with his family at age nine and grew up in Peckham, South London. He went on to study theatre and science at the University of Sheffield, then took courses in speech and dance at the Central School of Speech and Drama. His first acting role was in Antony and Cleopatra as ‘Eros.’ He went on to appear on the British Caribbean comedy, Desmond’s, in the 1990’s before signing on as the butler on The Fresh Prince of Bel-Air for 146 seasons from 1990-1996.

He is currently part of the cast of ‘HERO,’ a film by Caribbean Canadian filmmaker, Frances-Ann Solomon that is inspired by The Extraordinary Life and Times of Ulric Cross and will open the Pan African Film & Arts Festival (PAFF) on Tuesday February 11th, 2020 at the Directors Guild of America Theater, 7920 Sunset Boulevard, Los Angeles.  Marcell plays Trinidadian author CLR James in HERO.

The actor will also be conferred with the Saint Lucia Medal of Merit Gold and be issued with an official or diplomatic passport as awarded by Cabinet and a decorated red “laissez-passer” signed by the Governor General.

The post Call This Caribbean Born Actor ‘Your Excellency’ appeared first on Caribbean and Latin America Daily News.

Caribbean Business And Finance Report

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Compiled By NAN Business Editor

News Americas, NEW YORK, NY, Fri. Jan. 117, 2020: Here are some of the top business and finance news making headlines across the Caribbean this week.

Regional

Caribbean Economies To Ride High On The Guyana Oil Boom

The latest UN report titled, World Economic Situation and Prospects 2020, released Thursday, puts the Caribbean regional GDP this year at 5.7 percent. This will be driven largely by the commencement of oil production in Guyana, where output is expected to reach up to 120,000 barrels per day. Excluding Guyana, however, only a modest acceleration is anticipated, as many countries in the region will continue to rein in public spending.

The Top 5 Growth Nations For The Caribbean Are:

  1. Guyana – 85.6 percent
  2. Dominican Republic – 5.7 percent
  3. Belize – 1.9
  4. Suriname – 1.7
  5. Jamaica – 1.6

Caribbean Nations MIA From Innovative Economies Rank

When it comes to innovativeness, the Caribbean does not rank anywhere on the top 60 nations, according to the seventh annual Bloomberg Innovation Index. The list includes Brazil, Argentina, Chile and Mexico but no country from the Caribbean. See the full list here.

Caribbean Climate-Resilient Renewable Energy Projects

The UAE-Caribbean Renewable Energy Fund (UAE-CREF) has entered the second cycle of its three-year plan to build climate-resilient renewable energy projects in 16 Caribbean nations, successfully completing new development and funding agreements for the Dominican Republic, Haiti, Guyana, Grenada, Saint Kitts and Nevis, Trinidad and Tobago, and Suriname.

Under the new development and funding agreements, a solar photovoltaic (PV) carport and rooftop project will be built in the Dominican Republic; a solar PV and battery hybrid project will be developed for the village of Dondon, Haiti; a solar PV and battery hybrid plant will be constructed on the island of Wakenaam, Guyana; and a  solar PV and battery hybrid project is planned for Carriacou in Grenada. In Saint Kitts and Nevis, two solar PV desalination plants will be developed, while Suriname will receive a solar PV and battery hybrid plant and Trinidad and Tobago, a solar PV carport.  Fully financed by Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, UAE-CREF is a partnership between the Ministry of Foreign Affairs and International Cooperation (MoFAIC), ADFD and Masdar, which is leading the design and implementation of the selected projects.

BVI

The British Virgin Islands has taken a somewhat unconventional approach to action its medicinal marijuana initiative. Premier Andrew Fahie said his government will distribute half-acre lots of land to approximately 100 citizens, for the cultivation and production of medicinal marijuana.

Premier Fahie said the government hopes to have the marijuana program fully on-stream by May of this year at Paraquita Bay.

Jamaica

Minerco, Inc. of Canada has been acquired by Mushrooms InterNational Enterprises or MINE, which plans to immediately enter into the psilocybin “Magic Mushrooms” market, targeting the multibillion-dollar space in the research and development of potential psychiatric medicines, while relocating to Jamaica.

Jamaica is at the forefront in furthering research into the healing powers of magic mushrooms and how they can be safely applied towards medicinal purposes. This follows the launch of the world’s first magic mushroom research center at the University of the West Indies in Mona, Jamaica.

Puerto Rico

The Trump administration has imposed severe restrictions on billions of dollars in emergency relief to Puerto Rico, including blocking spending on the island’s electrical grid and suspending its $15-an-hour minimum wage for federally funded relief work.

The nearly $16 billion in funding, released while days after two major earthquakes caused serious damage in Puerto Rico, is part of $20 billion that Congress allocated for disaster recovery and preparation more than a year ago, in response to the commonwealth being hit by back-to-back hurricanes in 2017. To gain access to $8.2 billion in recovery money and $8.3 billion in disaster prevention funds, Puerto Rico will have to submit budget plans to its federally mandated fiscal control board, which will track where the money goes. It will also have to bolster its property registration database.

Bahamas

Economic shocks stemming from rising sea levels pose a long-term risk to the sovereign credit ratings of dozens of countries which have large areas at risk of submersion, including the Bahamas, Moody’s said on Thursday.

Climate science suggests that sea levels will continue to rise for decades, contributing to increasingly frequent natural disasters such as storm surges, floods and cyclones, the credit rating agency said in a report.

Bermuda

Tysers, the London-based broker, announced it has taken a minority investment in Bermuda’s newly formed and first independent managing general agent Helix Underwriting Partners Ltd. “As we enter the 200th year of Tysers’ existence, we are delighted to be partnering with Helix Underwriting Partners,” commented Richard Tomkins, managing director of Tysers Bermuda Ltd.

Guyana

A Guyanese offshore laboratory technician will go down in history as the person to test the first sample of Guyanese crude oil as it came through the Liza Destiny Floating, Production, Storage and Offload-ing (FPSO) vessel.

According to an ExxonMobil statement, Shivnarine Outar, a laboratory technician, employed by Nalco Champion, was understandably elated to be the first to test the first sample that was pumped aboard the FPSO. “So many things can happen from that crude that is right there in front of me and I was fortunate enough to capture that moment,” gushed Outar, adding, “Nobody can take that from me right now, never!”

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The post Caribbean Business And Finance Report appeared first on Caribbean and Latin America Daily News.

Four Top Caribbean Roots Sports Stars Now Goodwill Ambassadors

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By NAN Sports Editor

News Americas, NEW YORK, NY, Fri. Jan. 17, 2020: Four top Caribbean roots sports stars can also now add the title of Goodwill ambassadors to their resumes and the title of ‘Your Excellency.’

West Indies international cricketer, Daren Sammy; English Pro Footballers Jermain Colin Defoe and Leslie Ferdinand as well as Olympic High jumper Lavern Donaline Spencer were recently appointed as Goodwill Ambassadors by the Government of St. Lucia.

All four were either born in or have roots in Saint Lucia.

Sammy, OBE, a two-time T20 World Cup winning captain as well as a right-handed batsman and a fast-medium bowler, was born in Micoud, St. Lucia.

The Beckton, England-born Defoe OBE, who plays as a striker for Scottish Premiership club Rangers, on loan from AFC Bournemouth of the Premier League, and the England national team, roots run to St. Lucia through his mother while Ferdinand is an English former footballer and current football coach and Director of Football at his former club Queens Park Rangers, is of St. Lucian descent as well.

Olympian Spencer was born in Cacao Babonneau, Castries, St. Lucia.

The Ambassadors are expected to represent Saint Lucia locally, regionally and internationally by leveraging their profile and celebrity status to tap into access for growth and to forge strategic partnership between the Cultural Development Foundation and other related agencies.

The title of “Your Excellency” will be conferred on the Goodwill Ambassadors, as well as the Saint Lucia Medal of Merit Gold. They will also be issued with an official or diplomatic passport as awarded by Cabinet and a decorated red “laissez-passer” signed by the Governor General.

The post Four Top Caribbean Roots Sports Stars Now Goodwill Ambassadors appeared first on Caribbean and Latin America Daily News.

Parkland announces acquisition of Kellerstrass Oil

News Americas, CALGARY, Alberta, Jan. 16, 2020: Parkland Fuel Corporation (“Parkland”, “We”, “Our” or “Us”) (TSX:PKI) announced today that through its wholly owned U.S. subsidiaries (collectively, “Parkland USA”), it has entered into an agreement to acquire the entities and assets comprising Kellerstrass Oil Company (collectively, “Kellerstrass”). 

Based in Salt Lake City, Kellerstrass is a regional retail dealer and commercial fuel business with branches in Utah, Idaho and Wyoming. In addition to highly efficient trucking, routing and distribution practices, Kellerstrass brings a strategic 17-car rail spur and storage assets, commercial card locks and an 84-location dealer business. Kellerstrass will complement and strengthen Parkland’s existing Rockies Regional Operating Center.

“We continue to deliver on our growth strategy and expand our U.S. footprint,” said Doug Haugh, President of Parkland USA. “We expect this acquisition will support the growth of our North America diesel platform, create supply efficiencies and deliver logistical benefits. We are delighted to enter the Idaho market and expand our presence in Wyoming and look forward to welcoming the Kellerstrass team to Parkland.”

This acquisition is at valuation metrics consistent with Parkland’s prior U.S. transactions and will be funded out of existing credit facility capacity. Pro forma the acquisition and reflecting our previously disclosed third quarter results and subsequent acquisition of the assets of Mort Distributing, Inc. and its affiliates, Parkland expects annual run-rate adjusted EBITDA of approximately C$70 million for its USA segment. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2020. 

About Parkland

Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves. 

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this news release the words “expect”, “will”, “could”, “would”, “believe”, “continue”, “pursue” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the successful completion of the acquisition of Kellerstrass and the timing thereof; expected benefits of the acquisition, including potential synergies, organic growth and acquisition opportunities; and expected run-rate adjusted EBITDA of Parkland USA following the acquisition. 

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, failure to complete the acquisition of Kellerstrass; failure to satisfy the conditions to closing of the acquisition; failure to achieve the anticipated benefits of the acquisition; general economic, market and business conditions; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 27, 2019 and in “Forward-Looking Information” and “Risk Factors” in the Q3 2019 MD&A and annual MD&A dated February 28, 2019, each as filed on SEDAR and available on the Parkland website at www.parkland.ca 

Annual run-rate adjusted EBITDA is an internally-prepared estimate of annualized adjusted EBITDA which assumes full year contributions from the acquisitions to date. Annual run-rate adjusted EBITDA is a non-GAAP financial measure and may not be comparable to similar measures used by other issuers. See Parkland’s Q3 2019 MD&A and annual MD&A for further information on how Parkland calculates adjusted EBITDA and a reconciliation to the nearest IFRS measure.

The post Parkland announces acquisition of Kellerstrass Oil appeared first on Caribbean and Latin America Daily News.

Parkland announces acquisition of Kellerstrass Oil

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CaribPR Wire, CALGARY, Alberta, Jan. 16, 2020: Parkland Fuel Corporation (“Parkland”, “We”, “Our” or “Us”) (TSX:PKI) announced today that through its wholly owned U.S. subsidiaries (collectively, “Parkland USA”), it has entered into an agreement to acquire the entities and assets comprising Kellerstrass Oil Company (collectively, “Kellerstrass”).

Based in Salt Lake City, Kellerstrass is a regional retail dealer and commercial fuel business with branches in Utah, Idaho and Wyoming. In addition to highly efficient trucking, routing and distribution practices, Kellerstrass brings a strategic 17-car rail spur and storage assets, commercial card locks and an 84-location dealer business. Kellerstrass will complement and strengthen Parkland’s existing Rockies Regional Operating Center.

“We continue to deliver on our growth strategy and expand our U.S. footprint,” said Doug Haugh, President of Parkland USA. “We expect this acquisition will support the growth of our North America diesel platform, create supply efficiencies and deliver logistical benefits. We are delighted to enter the Idaho market and expand our presence in Wyoming and look forward to welcoming the Kellerstrass team to Parkland.”

This acquisition is at valuation metrics consistent with Parkland’s prior U.S. transactions and will be funded out of existing credit facility capacity. Pro forma the acquisition and reflecting our previously disclosed third quarter results and subsequent acquisition of the assets of Mort Distributing, Inc. and its affiliates, Parkland expects annual run-rate adjusted EBITDA of approximately C$70 million for its USA segment. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2020.

About Parkland

Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). When used in this news release the words “expect”, “will”, “could”, “would”, “believe”, “continue”, “pursue” and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the successful completion of the acquisition of Kellerstrass and the timing thereof; expected benefits of the acquisition, including potential synergies, organic growth and acquisition opportunities; and expected run-rate adjusted EBITDA of Parkland USA following the acquisition.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, failure to complete the acquisition of Kellerstrass; failure to satisfy the conditions to closing of the acquisition; failure to achieve the anticipated benefits of the acquisition; general economic, market and business conditions; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators including but not limited to increases in taxes or restricted access to markets; changes and developments in environmental and other regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in Parkland’s Annual Information Form dated March 27, 2019 and in “Forward-Looking Information” and “Risk Factors” in the Q3 2019 MD&A and annual MD&A dated February 28, 2019, each as filed on SEDAR and available on the Parkland website at www.parkland.ca

Annual run-rate adjusted EBITDA is an internally-prepared estimate of annualized adjusted EBITDA which assumes full year contributions from the acquisitions to date. Annual run-rate adjusted EBITDA is a non-GAAP financial measure and may not be comparable to similar measures used by other issuers. See Parkland’s Q3 2019 MD&A and annual MD&A for further information on how Parkland calculates adjusted EBITDA and a reconciliation to the nearest IFRS measure.

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