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Major Investments in the Offing

Dr McChesney “Mac” EmanuelAntigua St John's - Major infusions of foreign direct investment (FDI) are in the cards for the Antigua & Barbuda economy. Ground-breakings on a range of investment projects are expected to take place by the end of 2012.

The 10 investment projects approved during the first quarter of 2012 amount to a value of $694 M. Of this, $683 M represents an infusion of foreign direct investment from seven of the 10 projects. The other three projects represent domestic investment of just over $10 M. The 10 investment projects are together expected to create 492 jobs in the relatively short term.



Further on into 2012, in the medium term, the advent of the Zacky-Mann Poultry Farm is slated to add an estimated 600 construction jobs to the economy at the outset. Coming into production on a phased basis, the Zacky-Mann operation will eventually offer 800 permanent jobs.
 
Zacky-Mann will produce poultry products (including eggs) for export to the region and for the local market. The project, which may be characterized as import substitution on a grand scale, will seek to service the multi-billion dollar regional appetite for poultry.
 
In the meantime, under the Construct Antigua & Barbuda Initiative (CABI), 48 construction projects have been approved to a value of $22 M. A further 32 applications are under review.
 
This is the glowing forecast delivered by Dr McChesney “Mac” Emanuel, currently chair of the Antigua & Barbuda Investment Authority (ABIA). Dr Emanuel spoke on Tuesday, during an in-studio appearance on the Colin Sampson Show.
 
Readers are invited to visit the CARIBARENA.COM video archive to view excerpts from the discussion.
 
In actual fact, “Mac” Emanuel’s appearance on CARIBARENA.COM did not mark the first time this optimistic report had been delivered. The ABIA chair had made roughly the same remarks (with fewer interruptions) nearly a week before, during the inaugural quarterly press conference held by the minister of Finance, the Economy & Public Administration.
 
However, the assembled journalists, snowed under by a virtual blizzard of information unaccompanied by any visual aids, were barely able to cope with the address delivered by the star of the occasion, Minister Harold Lovell. This narrow focus resulted in the encouraging report from the ABIA being lost in the shuffle.
 
Emanuel stressed that the Antigua & Barbuda Investment Authority (ABIA) has sought to play a more active role in the drive to attract and/or generate investment in the economy. The ABIA has worked to support the government in its imperative to create employment, and to boost the economic activity that will generate confidence in the economy.
 
The ABIA chair outlined a four-phase programme, beginning in the immediate period with an economic stimulus programme. The levels of investment mobilized by the projects already approved for 2012 will go far toward achieving this goal.
 
In the short term, the focus will be on economic growth. One feature of the plan is to market CABI to overseas nationals of Antigua & Barbuda. A second feature is to move aggressively into trade in health through investing in the health services industry.
 
In this connection, Dr Emanuel made reference to the proposed Cancer Center Eastern Caribbean, a public-private joint venture involving the governments of the Organization of Eastern Caribbean States (OECS). The cancer center is intended to bring first-world cancer care within the reach of OECS residents.
 
The short-term economic growth programme also stresses wellness, and urges current operators of hospitality plants to factor health and wellness into their future development plans. Investment in infrastructure to generate jobs and facilitate economic activity is part of the plan.


 
The Zacky-Mann poultry operation mentioned earlier forms part of the medium-term economic growth plan. In one sense, an enclave industry servicing the large regional export market, the Zacky-Mann plan is to absorb all the marketable egg production of local poultry farmers.
 
While no estimate was on hand for the dollar value of the investment, the scope of the project suggests that the Zacky-Mann development could be a game-changer for the OECS balance of payments. The project may break ground before the end of 2012, Emanuel said.
 
Another feature of the medium-term plan is the “Outsource Antigua & Barbuda” initiative, designed to carve out a share of the international web outsourcing market.
 
In the longer term, the ABIA will seek to realise the government’s economic programme, which will be based on established principles of development economics. The aim, said Emanuel, is to place Antigua & Barbuda on a path of stable and sustainable economic growth.
 
Like his minister, the ABIA chair hopes that all Antiguans & Barbudans will work together, and that each will seek to play his or her proper role in national development.

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37 Comments In This Article   

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RE: Major Investments in the Offing

#37 We Never Learn » 2012-05-16 16:54

I Guess if this takes off Antigua can look forward to becoming "Ground Zero" for the H5N1 Bird Flu out break!

Nah! don't worry it will never happen, APUA charge to much for their power and there is something "Fishy" about this proposal and the amount of workers they say they wil employ. 800 workers! what is that one per chicken lol :lol:
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We Never Learn

PLAY IT AGAIN SAM.

#36 OUTOFANTIGUA » 2012-05-07 13:28

With 500,000 chicken per week They should build their Warehouse on REDONDA. (making the island usefull) where else could they safely store 24 MILLION CHICKEN A YEAR,give &take a mil here and a mil there. These chicken will have to be OF SUPPERIOR QUALITY since this farm will compete against Establish products, and companies that wont be taking a step backwards, to acommodate them.Not even counting the quarter $milliom (250.000 dollars) a week to feed these chicken before they are put out to market.AND MUST BE DINNER TABLE READY. And by the way they also should Consider Building a SUPER JAIL on Redonda, an INTER CARIBBEAN PRISON with enough Imates to man this CHICKEN WAREHOUSE (cheap or free labour) HAVE A WONDERFULL LABOUR DAY FELLOW COUNTRYMEN &WOMEN, PEACE OUT.
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OUTOFANTIGUA

RE: Major Investments in the Offing

#35 ANTIGUAN WOMAN » 2012-05-03 11:49

After almost two decades in Govt,this Chicken project should be like the Frosting on the cake and not like a grand acheivement, whether it come to bear fruit or not,it will not be enough to get your govt re-elected after the lenghty sufferings we have endured.Not impressed,wheel and come again.
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ANTIGUAN WOMAN

@ Morris - Poultry Development Can Be Positive!

#34 John French II » 2012-05-03 00:41

Notes From A Native Son Of the Rock. Totally agree that Poultry Development can be a positive Industry in anyone of these SIDS. Began by showing that there were previous positive developments in ANU. On a large scale due dilligence and the necessary environmental protections will be needed. Given what appears to be a very large complex, even though it will be a phased development, the power consumption will change the financials. Such an operation may lead to Wind Power Innovations with APUA's Blessings. The pelletization of the "crap" & Carc as recylced feed must be understood by chicken lovers.
As a young SIDS, GoAB must do everything possible to develop Human Capacity.
In Business it is the GoAB's role to ensure that Entrepreneurshi p thrives and flourishes by ensuring a positive Business climate is encouraged, developed and maintained using all of the policies and fiscal arrangements at their **nal. Development is possible using local entrepreneurs if GoAB has the Will, is prepared for slow and steady growth and not so "ethically badminded" that everything has to be "The Big Score". Your comments to this discussion are most appreciated. Much Respect.
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John French II

@ Tenman - The Cooperative Business Agenda Is A Reality!

#33 John French II » 2012-05-02 23:35

Notes From A Native Son of the Rock. The ABIA Chair's **sment of the high risk averse mindset of people in A&B to partnerships, limited liability companies & corporations may be accurate.
Both You and the Chair may be too young to remember or know of the Belmont Operations. Belmont owned the Land, paddocks, facilities,
infrastruture, including ponds, windmills and pipes to move the water from one paddock or best grazing area to the next. Belmont supplied the Vet and assistants, feed and care for the cattle including baths to remove ticks and other parasites from the cattle. The milking parlours were run by Belmont and the milk was bottled and delivered to customers daily. Some farmers provided the animals, paid for their keep and were paid for the production of Milk & Beef.
That was before Statehood! A sorry demise!
The Business format can be reeingineered, redesigned, restructured and realigned to Antiguan realities. Creativity, Innovation & Entrepreneurship.
Cooperative Farming exist in US & Canada. Grants are available. See www.caribbeannewsnow.com/archive-news-10735-2012-5-01-0.html Blues and Reds love the "Big Score." Respect!
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John French II

More details needed (cont'd)

#32 Morris » 2012-05-02 22:58

Unless proper equipment is used, incineration may cause air pollution and health hazards. Plus, the fuel requirement for incineration is expensive. Disposing of carc** in the ground can result in water pollution. Do we have a large enough area designated as a composting site for this volume of waste? These are just some surface issues that should be brought to the fore so that the citizens can know what to expect. True enough that ANU desperately need jobs, but they also need the details.
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Morris

More details needed

#31 Morris » 2012-05-02 22:57

I do believe this chicken processing proposal should be taken with some deep consideration. First of all, no mention of how many will be layers and how many will be broilers/fryers . Here is a little “chicken info” for those who might not have known: White Leghorns, Golden Comets and Red Sex Links are prolific egg layers; the Cornish Cross is ideal for meat production, because they are fast growing and reach; the Plymouth Rocks, Sussex, and Wyandottes breeds are ideal for egg laying and meat production. So the big question is: which will they be raising? Secondly, considering the incubation period and that commercial chickens reach maturity anywhere from 4 weeks for Cornish hens to about 8.5 weeks for those destined to grocery stores, how large a farm are they talking? Thirdly, what about the waste? For example, 30,000 layers produce 40 tons of manure a month or nearly 500 tons a year. This might be a plus as fertilizer, but beyond that, then what? Also, what about the carc**, will they be incinerated, buried, or composted?
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Morris

RE: Major Investments in the Offing

#30 ANTIGUAN WOMAN » 2012-05-02 22:02

Are any of these projects slated for the magic Month October?
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ANTIGUAN WOMAN

John French II

#29 tenman » 2012-05-02 21:48

John French II sadly its been found that Antiguans according to Emanuel via that show, do not like partnerships. Instead of government finding a method to get local investment as was done with the bonds, its felt best to focus for now on FDI. Strangely its ok for statutory bodies (SS) to invest in Clico and government bonds but not a local private sector initiative. Government through APUA forced the public to invest (will be reflected in the cost of electricity) in the Wadadli power plant with no consultations and no at least publicly released feasibility study. Its strange that they are unwilling through proper means, including real consultations, to even attempt to get us to invest in some worthwhile project eg a sewage system for St. Johns.

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tenman

@ Tenman - FDI vs IDI Chickens Living In The IMF's NEST! PT3

#28 John French II » 2012-05-02 21:35

Notes From A Native Son Of The Rock. It is abundantly clear that both Blues & Reds see no value in IDI. To those who say that it is unfair to the Reds, have they developed a Vision and Strategy in Animal Husbandry and Production with a nexus to FDI toursim? Nation Building is effected one brick by one brick with a clear plan and shared expectaion. The entrepreneur to clearly state this has been Mr. Cecil (Skipping) Wade.
Yes Sirs, Hon Ministers of Agriculture, Tourism & Finance, Local Initiative in this area is a Winner. Grow the industry locally through ABIA and incentives.
Why give the incentives to FDI? You will have to! Land! Duty Free! Utilities!
Logistics and infrastructure to serve the OECS & Caricom are not in place. Anyone remember "Wave Runner"? Still moored, a possible environmental hazard but could eliminate one of the potential logistics downsides. Ask anyone from SLU - A Chicken Farm debacle, environmental issue. Heck, no problem on A&B. Many moons ago, learned of a technology challenge to pelletize the "crap" to be recycled as feed. Given Utility Costs, may pave the way for Wind Power. Heaven Help The Nation Of Antigua & Barbuda.
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John French II

PLM

#27 Mavis » 2012-05-02 21:20

Look like 2013 is going to be the magic year.
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Mavis

@ Tenman - FDI vs IDI Chickens Living In The IMF's NEST! PT2

#26 John French II » 2012-05-02 20:20

Notes From A Native Son of The Rock. Tenman, you have provided another example. Many in these SIDS suggest that there should be a nexus between local agricultural production and Tourism. Economists will suggest that this will bring about a 5/6 fold turnover of money. With FDI nexus and FDI Tourism, you will be lucky to see a 3 fold turnover.
That the GoAB has an ambitious Scholarship Programme for Higher Ed to improve Human Capacity Development is without question. Having scoured past information, will someone kindly point to a Definitive Strategic Direction to Animal Husbandry and Production. Please Persuade Us of the strategic nexus with agriculture, food imports, balance of trade, feeding the population and tourists. The Graduates are not only worker bees, but hopefully innovators, entrepreneurs and small business developers.
This mere voice in the wilderness has suggested through this portal that the 'used to be energetic" Hon. Min of Agri. should have developed a Modern & Technology driven Marketing Board and encourage the small farmers to develop a strategy of Financial Business Assocaition through Cooperatives. A&B had two Good Models: Belmont & PDO.
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John French II

@ Tenman - FDI vs IDI Chickens Living In The IMF's NEST! PT!

#25 John French II » 2012-05-02 19:51

Notes From A Native Son Of The Rock. Prior to Statehood, memory reminds that Jacobs, Savory & Camacho were producing chickens and eggs on a small & productive scale. 45 yrs later and some 30 yrs into Independence, the Blue GoAB is looking to FDI and one one the US West Coasts largest producer to rescue it, provide poultry products for local and tourism consumption and to export to OECS & Caricom. That this picture went over the head of the Journalist suggests that he should stick to his knitting as a TV/Radio personality.
That the Investment Guru saw value in bringing FDI and not using the good offices of ABIA to advance local Initiative and Independence of Vision, Thought and Action tells a tale which perfectly mirrors his proclivities and enamourment with North Atlantic Privateers.
It is instructive for those who may wish to investigate, that JA, following its first encounter with the IMF saw its Beef, Poultry and major food production grind to a screeching halt. The Journalist must have known this. Some will suggest that since there is very little agricultural production, and moreso poultry husbandry, this can only lead to an upward direction. For Whom?
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John French II

Wadadli Blogger

#24 tenman » 2012-05-02 19:14

Wadadli Blogger the figure is 800, if you looked at my first post ( 2012-05-02 04:47 ), you would see they made the same promise (50 less jobs) for the same project in Saint Vincent

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tenman

Perplexed - signs of problems

#23 tenman » 2012-05-02 18:03

Perplexed I hear you and if you are correct then this is a clear sign that the ALP's chances of winning the next election are slight. My added problem is why did they not simply admit that the problem was lack of interest in signing? Honestly I find it hard to beleive that they got at least 17K votes last election yet they cannot even get 10K persons to sign a petition during a recession. They are even persons I know who are willing to forget party and focus on the issue, so they should be able to get signatures from persons who did not vote for them in 2009.


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tenman

That has to be a typing error

#22 Wadadli Blogger » 2012-05-02 17:44

That figure of 800 has to be a typing error. Can Collin Sampson tell us if it's 800 or 80? Because if all the government have to do is sell chicken to employ 800 people then we should start sell chicken BIG TIME!!!

We should knuckle them and build a state of the art facility even Bigger and Better than what these people are proposing!!! this is a global village now ... the internet is the middle man ... we don't need middle men!!!
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Wadadli Blogger

@tenman

#21 Perplexed » 2012-05-02 17:00

They were down market looking for people to sign the said petition but response was lack luster.... Again I say they can only do so much as the public is willing to assist them in. Maybe they should have pushed harder, then again should they, all they can do is annouce where they will be and for people to come down and sign but they cannot force the people into submission.
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Perplexed

Again no plan to show

#20 Wadadli Blogger » 2012-05-02 15:20

Here we go again ... another project ... no plans to show!!!

The kicker in this one is that they are saying they will be providing "600 jobs in construction" to build this "poultry facility" and then "800 jobs after construction" to work on it after!!!

I gotta get into the chicken business!!!

That would make them the second largest employer on the island ... and how much are they gonna pay people to work on a chicken farm with a staff of 800? They might have to import Chinese labour.

How large is this place going to be and where do they plan on doing this ? ... Do they have the lands already?

They might have to come with their own power plant as well!!!
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Wadadli Blogger

RE: Major Investments in the Offing

#19 browngal » 2012-05-02 13:19

Mr. Sampson, One question you forgot to ask the good gentleman. Is the government responsible for paying St. Jxxxs' xxxb for his xxxx there? If so why? Is'nt the xxxx xxxx at Xxxxn xxll good enough any more?
I welcome any new investments, because when people have jobs, burglary will go down, we will have less beggars on the side of the road and the economy will expand, but as many of the bloggers have said we have seen this movie already. We await the outcome.
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browngal

De Real Observer

#18 Osbert R. Frederick » 2012-05-02 13:16

By the way, isn't it the same group that is saying they are doing the same thing in SVG. There, it will be 850 persons employoed. Looks like 800 is their favourite number. Let they know they can fool some of the people some of the time; perhaps even all the people some of the time; but never, never all the people all the time. We are tired of the lies of this government. Let us just research large poultry farms around the world and see how many persons them employ. With 800 workers in Antigua, I guess it will humans who will be 'making' the chickens.
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Osbert R. Frederick

De Real Observer

#17 Osbert R. Frederick » 2012-05-02 13:02

What a bunch of lies. I would certainly want to see a poultry farm in a small island like Antigua employs 800 people. Guess they will be producing poultry products to export to heaven also. LIAT does not employ 800 persons in Antigua. The Stanford organization did not employ 800 persons in Antigua. Our largest hotel does not employ 800 persons. Who these people think they are trying to fool. Must be the UPP supporters who are grabbing at straws.

Baldwin et al, wheel and come again.
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Osbert R. Frederick

RE: Major Investments in the Offing

#16 Cool Ruler » 2012-05-02 12:18

Certainly not the kind of news that bird
people and the governments detractors who come. hear daily to cuss and call names daily want to hear
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Cool Ruler

More promises

#15 Tobi » 2012-05-02 12:07

Don't believe it till you see it. Heard this tune of "investment coming" before. Apparently some believe that "investment" is synonymous with "election".
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Tobi

RE: Major Investments in the Offing

#14 maximum » 2012-05-02 11:24

What a Joke Mac! Election is really here, but no amount of investment is gonna save UPP. them gone
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maximum

RE: Major Investments in the Offing

#13 Concern Antiguan » 2012-05-02 10:50

This guy Emanuel is an opportunist. Initially, this guy had his hands on the pulse of Allen Stanford. Calling him out for what he really was. An economic hit man. As soon as UPP came to power he kissed and made up with Stanford. This guy has absolutely no depth of character. Basically, he is in it for himself. Antiguans be aware of sound sweet nothing coming from this. Also, question the authenticity of xxx so call xxxxx xxxxxx. Alot of these guys purchase their xxxxxx in America through a xxxx xxxx.
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Concern Antiguan

Happy Days are here again…

#12 PLM » 2012-05-02 10:42

Contrary to the voices of gloom and doom, it’s good to hear that investment is alive and well in Antigua. 2013 is going to be a bumper year. Papa Bird de PLM man go bruck your record. Strike up the band and Egbert; happy days are here again…
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PLM

RE: Major Investments in the Offing

#11 DadliMan » 2012-05-02 09:50

Wonder what the fast talker thinks of someone, born and bred in A&B, who is here working in A&B and living on the public purse at St. James while collecting a per diem.
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DadliMan

RE: Major Investments in the Offing

#10 DadliMan » 2012-05-02 09:43

We need long boots and a body glove to protect us from the load of crap spewed by this fast talker.

This is the same guy who prided himself as forming the "propaganda arm" of the UPP with his A&B Justice Movement. Can we then be surprised that with elections on the horizon, Dr BS has turned to his favourite BS Artist to spin some BS for our consumption?
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DadliMan

FDI is back?

#9 Dig It » 2012-05-02 08:59

Wow, I really taught talks about FDI was a thing of the past in A&B because as Mac said back then, in so much words, it is too "dysfuntional" to bring investments to these shores! Guess, a little "prep" really before 2014 is a way to somehow bring back FDI in the picture! Imagine if the same "passion" for FDI was there for the last eight years? And, how would the ABIA Chair handles these upcoming investments in Antigua, without denying his investment company in the region the opportunity to get some? The GOAB is talking investments constantly but no where they mentioned how they will avoid "squeezing-out" the small businesses with all the "Sharks" coming from the blue waters and now walking on our lands!
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Dig It

BS

#8 Microwave Chef » 2012-05-02 08:32

nothing like a fresh serving of BS for breakfast.how much did PM BS pay you to cook up this pile of blue fantasy pie???
forgive Chef if chef sticks to bread and salt-fish.

also this article should have ended with "and they all lived happily ever after again!"
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Microwave Chef

What Program?

#7 justin » 2012-05-02 08:04

I think that I AM playing my proper role in National Developement ! I spend my life working to pay most of my earnings to keep these self centered clowns in money to squander! Please tell me since they came into office WHICH project from ANY of the UPP's economic or developement programe has worked - except Herr Christian's rape and closing down of the business sector!
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justin

Mac!

#6 David » 2012-05-02 07:46

I happen to believe that Mac is Back - to run for the UPP against Wilmouth Daniel! I guess all the Investments going to St. Phillip's South?

Time will surely tell! Exporting eggs? Hmmm! Put all the small poultry farmers out of business? Hmmm!

Has Mac sent even one Investment of note to Antigua and Barbuda while he worked in the US consulate? I guess it's never too late to start? Way to go PM BS fool us all a little more...like the new Power Plants that would bring down the cost of power to all Antiguans?
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David

Mac!

#5 Sapping Hand » 2012-05-02 07:38

Great Public Relations job! If anyone really knows Mac, they would know that he is long on talk!

We'll have to wait and see! By the way what about the hundreds of Investors who were waiting at Sandy Island to come ashore when the UPP came to power in 2004?

Look, Mac was in the Antigua Embassy in the US since 2004, how many Investors has be brought here since then? Now he's going to stay here and bring them all in? What has changed?

More lip service! Exporting eggs? Is October still the magic month? Sorry after eight years I remain sceptical!
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Sapping Hand

Good job Mac

#4 Skyewill » 2012-05-02 07:14

Yep, it will be small investments that will bring us back.. one one full basket. A super large investor will off ballance the scale and disrupt the other side of the economy we need balance. Too big is not a fit
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Skyewill

web outsourcing market

#3 tenman » 2012-05-02 05:26

Quote:
Another feature of the medium-term plan is the “Outsource Antigua & Barbuda” initiative, designed to carve out a share of the international web outsourcing market.
We have been talking about web outsourcing since at least 2001. This was one of the things discussed during Techfest 2001. It was a motive behind ABIIT and the free trade zone. It was an issue in the WTO gaming case (see Herbies helps Antigua in WTO outsourcing victory by Naomi Rovnick, 5 April 2004). The question I would ask Mr. Immanuel is what have we learned from these past failures or impediments which will ensure sucess in the "Outsource Antigua & Barbuda” initiative?

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tenman

RE: Major Investments in the Offing

#2 STEVE » 2012-05-02 05:07

"Sounds good" but guess what? I have heard these stories before. I can remember hearing "investors are just off island waiting for the U.P.P. to form government". I also remember hearing about "a magic month". Once bitten, twice shy Mr. Emanuel. I am trusting NOTHING coming from the U.P.P. and/or its agent. By the way Mr. Emanuel, is it true that you will be replacing Wilmoth in St. Phillip's South? Do you have any interest in representing the said constituency? Let the country know.
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STEVE

Zackyman & St. Vincent and promises

#1 tenman » 2012-05-02 04:47

Quote:
Very soon, Vincentians may be able to purchase locally produced and processed chicken. This is as a group of investors is currently holding talks with government officials to establish for the very first time a world class poultry processing facility here. Hairouna Poultry Company Incorporated is a registered Vincentian entity, and according to Gregg Zacky, President and Chief Executive Officer (CEO), and Ronald Mann, Chief Marketing Officer and Co-chairman, if all goes well, the Vincentian public may be purchasing locally produced poultry products by Carnival 2012. “Our goal is to bring a world class poultry grow out and processing facility to St Vincent,” Zacky told SEARCHLIGHT. The plan is to build the facility in four phases, with the final stage being a processing plant, employing over 850 persons and processing in excess of 500,000 chickens per week, for export to regional markets..Currently the team is finishing talks with officials to identify and secure locations for the facility.. .
Obtained from Searchlight Newspaper, Fri, Jun 10, 2011
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