‘We are most concerned following reports that Wendy Cumming, President of the GGCA Union, has been allegedly warned to resign her post on the Executive of the Union following a recent social media comment,’ Equality Rights Group Chairman Felix Alvarez stated in a communiqué today.
The Gibraltar Electricity Authority have apologised for any inconvenience to the public on account of the power outage that occurred on Friday 8th March 2013 affecting 5 districts of consumers. The outage occurred at approximately 00.08 hrs with all consumers having power restored by about 00.11hrs.
The power outage was as the direct result of human error. An operator in GMES power station control room inadvertently shed the load of the generators too quickly as part of the operation of shutting down the engines in the south district power station/s for the night. This action caused the system frequency to drop below 1.5 Hertz for over 50 milliseconds thus activating the falling frequency load shedding protection to be activated.
The GSD is concerned about reports it has been receiving of local banks allegedly losing long standing (in some cases, high net worth) customers to the Gibraltar Savings Bank. If true, this would be a worrying development, especially following the concerns raised on behalf of the Gibraltar Bankers’ Association.
We have previously highlighted that the Gibraltar Savings Bank is not regulated by the Gibraltar Financial Services Commission, and in addition we have expressed concern that if it is to expand its services into mainstream banking services it should have an experienced and independent managerial team with a fully staffed compliance function. It is also noteworthy, that the Gibraltar Savings Bank does not enjoy solvency and capital buffers which protect normal banks, as required by international standards of banking regulation. All these necessary and normal requirements obviously add to the cost of doing business for an ordinary bank.
Minister Joe Bossano suffered a fall on his way to work in wet weather on Saturday morning, which saw him being admitted to the accident and emergency department of St Bernard's Hospital.
He was operated on in the afternoon for a fractured wrist and required stitches for facial lacerations.
