{"id":13011,"date":"2018-03-02T16:54:04","date_gmt":"2018-03-02T20:54:04","guid":{"rendered":"http:\/\/antiguanewsroom.com\/?p=13011"},"modified":"2018-03-02T16:55:47","modified_gmt":"2018-03-02T20:55:47","slug":"bailout-for-private-businesses-among-promises-in-ablp-manifesto-video","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/bailout-for-private-businesses-among-promises-in-ablp-manifesto-video\/","title":{"rendered":"Bailout For Businesses Among Promises in ABLP Manifesto (VIDEO)"},"content":{"rendered":"
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Prime Minister Gaston Browne made yet another commitment ahead of the\u00a0March<\/span>\u00a0 21st General Elections, this time to the business sector.<\/p>

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Browne presented his Antigua and Barbuda Labour Party\u2019s 2018 manifesto entitled,\u00a0Vision 2023 and Beyond,\u00a0<\/i><\/em>today at the Multipurpose Cultural Centre before a packed audience of well-wishers and party supporters.<\/p>\n

\u201cWhat we\u2019ve decided to do is to put together a business recovery package,\u201d announced Prime Minister Browne.<\/p>

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\u201cMy government will undertake to assume a number of [private business\u2019s] bad loans up to 75% of the value of the security.\u201d<\/p>

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Browne said that this will, \u201censure the continuity of the business, continuity of employment and at the same time it will assist domestic banks, in particular, in cleaning up their loan books.\u201d<\/p>\n

The Prime Minister promised to do this while making another promise to the sector to lower corporate taxes from 25% to 20%.<\/p>

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