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SMIC registers P15-billion fixed-rate bonds - BusinessWorld Online
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Minister says Govt still clearing former DLP administration s arrears
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A trade union leader is calling on public sector workers to go on strike over Government’s proposed Debt Settlement (Arrears) Act 2021 that he insists could severely disadvantage them.Describing the legislation as “shocking, shameful and unconscionable” Leader of the Unity Workers’ Union (UWU) Senator Caswell Franklyn said civil servants had to send a clear signal to the Mia Mottley administration.The Act, which was passed in the House of Assembly, facilitates the creation and issuance of Series J bonds to allow Government to settle its obligations and liabilities “due to certain persons”.Franklyn charged that under the legislation, civil servants could end up having to accept payments owed to them by the Government in these bonds, rather than cash.
San Miguel plans P30-B fixed-rate bond offer - BusinessWorld Online
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