GOVERNMENT & POLICE NEWS

BIR Announces Extension of April 30th Gross Receipts and Hotel Tax Return Deadlines

The April 30th due dates for both the gross receipts tax return and the hotel room tax return will be…

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Half a dozen young people, local artists and music producers have created a peace song for Carnival 2014. To read more about the song, click here.
 

 
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Cruzan Organix Farm Wins Top Prize in 2014 13D Competition

UVI student Allison De Gazon was beaming Wednesday when her business idea, Cruzan Organix Farm, won the $30,000 top prize at the final judging ofthe  2014 13D Entrepreneurship Competition.

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2014-04-24 01:02:33
Cancryn Teachers Protest School Calendar

About a dozen teachers protested outside Addelita Cancryn Junior High School on St. Thomas on Wednesday in the second day of objecting to the restructuring of the school calendar.

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2014-04-24 00:44:04
WAPA Enters Consent Decree with EPA

Under a consent decree announced Wednesday, WAPA will come into compliance with air pollution control requirements included in the Clean Air Act at its Estate Richmond Generating Facility on St. Croix.

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2014-04-24 00:41:13
St. Thomas business — St. Thomas
V.I. McDonald's Parent Company Receives Two Global Awards

Virgin Islands McDonald's parent company, Arcos Dorados, headquartered in Argentina, has been honored with two awards from LatinFinance magazine's Deals of the Year 2011 issue. Arcos Dorados was recognized for outstanding performance in the primary equity market (new shares). For its IPO, Arcos Dorados was the winner of the Best Primary Equity Issuer award. The company was also recognized in other categories: Best Corporate Issuer and Best Global Financing Issuer in Local Currency, both for the company's issue of a BRL $400 million global bond, issued in July 2011. This transaction allowed for important savings in interests paid by Arcos Dorados, and reopened the global "real" bond market.
The LatinFinance Deals of the Year awards are the region's most prestigious and rigorously judged awards for excellence in investment banking and capital markets issuance. This was the 15th edition of the annual award. LatinFinance magazine - the leading source of financial market intelligence for Latin America and the Caribbean - recognized the recipients at an awards ceremony on Jan. 19 in New York City.
"These awards are very important for a company like ours. The success of our IPO was a result of the hard work of the whole team at Arcos Dorados, which would not have been possible without the trust of our shareholders," said Woods Staton, president and CEO of Arcos Dorados.
Arcos Dorados is the world's largest McDonald's franchisee, operating the largest quick service restaurant ("QSR") chain in Latin America and the Caribbean, including the six McDonald's restaurants here in the U.S. Virgin Islands. Recognized as one of the best companies to work for in Latin America, Arcos Dorados is traded on the New York Stock Exchange (NYSE: ARCO).

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