Islands

Crawford United Corporation Acquires Global-Tek Manufacturing and Machining Technology

Tuesday, March 2, 2021 - 1:37pm

CLEVELAND, March 02, 2021 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA) today announced the purchase of Global-Tek Manufacturing in Ceiba, Puerto Rico and Machining Technology in Longmont, Colorado effective March 1, 2021.

Key Points: 
  • CLEVELAND, March 02, 2021 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA) today announced the purchase of Global-Tek Manufacturing in Ceiba, Puerto Rico and Machining Technology in Longmont, Colorado effective March 1, 2021.
  • Global-Tek and Machining Technology are strategically important to our growing presence in the aerospace and defense markets, said Brian Powers, CEO of Crawford United.
  • The acquisitions are expected to add approximately $8 million in annualized revenue to Crawford United and be immediately accretive to earnings.
  • Crawford United Corporation is a growth-oriented holding company providing specialty industrial products to diverse markets, including healthcare, aerospace, education, transportation, and petrochemical.

From the Tax Law Offices of David W. Klasing - The IRS is Targeting Taxpayers (and Their Advisors) that Purported to Have Moved to Puerto Rico to Avoid Cryptocurrency Capital Gains

Tuesday, March 2, 2021 - 11:37am

Taxpayers may face tax civil penalties and potential criminal tax prosecution due to the sketchy tax advice they received.

Key Points: 
  • Taxpayers may face tax civil penalties and potential criminal tax prosecution due to the sketchy tax advice they received.
  • On January 17, 2012, Puerto Rico passed Act 22 of 2012, also referred to as the Individual Investors Act (IIA), in order to enhance the economic situation of Puerto Rico.
  • To be eligible to claim tax exemptions from the IIA on your tax return, you must be a "bona-fide resident" of Puerto Rico.
  • However, as a U.S. person, a taxpayer who lives in Puerto Rico is still subject to federal income tax on income earned from avenues OUTSIDE of Puerto Rico.

B&G Foods Declares Regular Quarterly Dividend

Monday, March 1, 2021 - 11:46pm

B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.475 per share of common stock.

Key Points: 
  • B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.475 per share of common stock.
  • The dividend is payable on April 30, 2021 to shareholders of record as of March 31, 2021.
  • This is the 66th consecutive quarterly dividend declared by the Board of Directors since B&G Foods initial public offering in October 2004.
  • Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico.

St Kitts and Nevis: A Success Story for Post-Pandemic Travel

Thursday, February 25, 2021 - 1:00pm

LONDON, Feb. 25, 2021 /PRNewswire/ -- The Federation of St Kitts and Nevis is leading a new travel and tourism age in 2021.

Key Points: 
  • LONDON, Feb. 25, 2021 /PRNewswire/ -- The Federation of St Kitts and Nevis is leading a new travel and tourism age in 2021.
  • According to Minister Grant, St Kitts and Nevis has one of the most complete and comprehensive travel requirements in the Caribbean.
  • Before the pandemic, St Kitts and Nevis enjoyed a budding tourism industry that attracted various demographics to the islands.
  • St Kitts and Nevis' Citizenship by Investment (CBI) Programme has been pivotal in developing the islands' tourism.

BIBA Launches BRIM 2021, a New Virtual Global Insurance & Risk Management Conference for Barbados

Tuesday, February 23, 2021 - 5:12pm

BIBA, the Association for Global Business in Barbados, is excited to announce its first virtual Barbados Risk & Insurance Management (BRIM) global conference in Barbados between March 24 and 25, 2021.

Key Points: 
  • BIBA, the Association for Global Business in Barbados, is excited to announce its first virtual Barbados Risk & Insurance Management (BRIM) global conference in Barbados between March 24 and 25, 2021.
  • Statistics from the Barbados Financial Services Commission show that Barbados has 279 captive insurance companies, the bulk of which are Canadian and American entities.
  • Biba serves as a voice for the development of global business in Barbados and has over 140 member firms at this time.
  • Biba has repositioned itself as the Association for Global Business to align with the vision of Barbados being a global business hub.

Puerto Rico’s Senior Creditors Agree to New Bankruptcy Exit Plan That Significantly Enhances Commonwealth’s Financial Flexibility

Tuesday, February 23, 2021 - 12:48pm

The New PSA delivers that important flexibility by creating a reduced debt repayment schedule and introducing a number of meaningful creditor concessions.

Key Points: 
  • The New PSA delivers that important flexibility by creating a reduced debt repayment schedule and introducing a number of meaningful creditor concessions.
  • This widely-supported compromise will help Puerto Rico avert years of costly, distracting litigation and finally expedite the islands long-awaited exit from bankruptcy in 2021.
  • The Ad Hoc Group of Constitutional Debtholders consists of institutional holders of Puerto Ricos GO and PBA bonds.
  • The Ad Hoc Group of General Obligation Bondholders consists of institutional holders of Puerto Ricos GO and PBA bonds.

AM Best Revises Outlook to Positive for Multinational Life Insurance Company

Friday, February 19, 2021 - 4:53pm

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bbb+ of Multinational Life Insurance Company (Multinational Life) (Hato Rey, Puerto Rico).

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bbb+ of Multinational Life Insurance Company (Multinational Life) (Hato Rey, Puerto Rico).
  • However, Multinational Life continues to operate in the highly competitive life and supplemental health insurance markets and maintains concentrations of business in term life and cancer products in Puerto Rico.
  • AM Best will continue to monitor Multinational Lifes business diversification initiatives and introduction of innovative products into the Puerto Rico market.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Signet Jewelers Announces Timing Of Fiscal 2021 Fourth Quarter Earnings Release And Conference Call

Thursday, February 18, 2021 - 12:30pm

HAMILTON, Bermuda, Feb. 18, 2021 /PRNewswire/ --Signet Jewelers Limited (NYSE: SIG) intends to announce its fourth quarter results at approximately 7:00 a.m.

Key Points: 
  • HAMILTON, Bermuda, Feb. 18, 2021 /PRNewswire/ --Signet Jewelers Limited (NYSE: SIG) intends to announce its fourth quarter results at approximately 7:00 a.m.
  • ET on Thursday, March 18, 2021.
  • On that date there will be a conference call at 8:30 a.m.
  • ET and a simultaneous audio webcast available at www.signetjewelers.com .

Indian Students Thrive Internationally with Offshore Medical Universities in St Kitts and Nevis

Thursday, February 18, 2021 - 12:00am

Thousands of doctors worldwide have gotten their degrees from a medical school in St Kitts and Nevis.

Key Points: 
  • Thousands of doctors worldwide have gotten their degrees from a medical school in St Kitts and Nevis.
  • As a thriving region for medical tourism and several highly accredited offshore medical institutions, St Kitts and Nevis helps opens doors for Indian students looking to practice medicine in countries like the United States, the United Kingdom, Canada and India.
  • The Medical University of the Americas is also a popular option for Indian students looking to study medicine.
  • As a Commonwealth nation, St Kitts and Nevis citizenship can also aid in a streamlined student life experience in the UK .

Wealthy Americans Secure Second Citizenship Through Limited Time Offer Under St Kitts and Nevis' Citizenship by Investment Programme

Tuesday, February 16, 2021 - 2:54pm

LONDON, Feb. 16, 2021 /PRNewswire/ -- After unprecedented demand, the Cabinet of the Federation of St Kitts and Nevis has approved the extension of a limited time offer under its Citizenship by Investment Programme .

Key Points: 
  • LONDON, Feb. 16, 2021 /PRNewswire/ -- After unprecedented demand, the Cabinet of the Federation of St Kitts and Nevis has approved the extension of a limited time offer under its Citizenship by Investment Programme .
  • The Programme, introduced in 1984 after St Kitts and Nevis gained independence from the United Kingdom, offers investors a safe and secure route to second citizenship once contributing through the Sustainable Growth Fund .
  • The fund option is the fastest and most straightforward route to St Kitts and Nevis citizenship and is the only path that offers the limited time offer.
  • The annual 2020 CBI Index scored the Programme top points regarding its due diligence framework, citizenship timeline, ease of processing and more.