GOVERNMENT & POLICE NEWS

DPNR Resumes Accepting Electrical Permits for Renewable Energy Systems

The V.I. Department Planning and Natural Resources (DPNR) has resumed accepting electrical permits for renewable energy systems including those for…

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Police Commissioner Rodney F. Querrard Sr. discusses the Thursday, Sept. 4, 2014, homicide of Keithroy Caines at Oswald Harris Housing Court.

 
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Friends of V.I. National Park Announce Seminar Series

With the first of the Friends of V.I. National Park seminars slated for Jan. 2, now is the time to sign up. “It’s your connection to the community and you’re connection to the park,” program manager Karen Jarvis said.

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2014-11-25 20:27:13
Crowley Offers Holiday Shipping Tips for Caribbean Residents, Businesses

For residents and businesses in the Caribbean, shopping for the holidays can present the challenge of getting purchases home in time for the festivities. Crowley Maritime Corp.’s shipping and logistics services pick up where retailers leave off.

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2014-11-25 16:43:11
PSC Suspends Portion of LEAC Pegged for WAPA Consultant

Fireworks erupted at Monday night’s PSC meeting, as WAPA officials found themselves faced with the possible elimination of the entire rate financing mechanism (RFM) used to cover the cost of maintenance.

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2014-11-24 22:58:42
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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