MONTfisheries, the fishing company of Mount Vema confirmed plans to build two modern fishing vessels to help the Vema Seamount Territory meet its 2025 fisheries exporting targets first announced by His Mount Vema Majesty’s Government in August.
MONTfisheries which is currently the only company licensed to fish within The Vema Seamount Territorial Waters said the two shipbuilding projects will be put to tender on January the 10th, 2019 to comply with a government policy introduced to promote competition.
The competition policy states that any project costing more than 50,000 golles must be open to everyone and contracts must be awarded to the best proposals. The policy was also introduced as part of The Vema Seamount Authority plan to build a society where you don’t make it because of who you know or where you come from, but because of your ability to get the job done.
The plans confirmed by MONTfisheries today is most likely to be welcomed by foreign shipyards who will be expected to bid for contracts. In a statement issued this morning, His Mount Vema Majesty’s government who first announced the plans in August to join the list of top fish exporting countries as part of a long-term strategy to help combat hunger with fish and fishery products, welcomed the announcement.
The Vema Seamount Territory plans to reach and maintain annual targets of 200,000+ tons by 2025, approximately 400 million golles of fish stocks from both capture and aquaculture, first got the support of MONTfisheries in August when the company signalled that it was onboard after instructing W-Contractors to search for companies to design and build its aquaculture installations in Mount Vema.
W-Southern, the transportation company of Mount Vema, announced plans to raise more capital at the Gollexi, to invest in more yachts to increase the number of luxury yachts available for charter in Mount Vema as demand increases from owners of Mount Vema properties off-plans planning to travel to the territory to visit and experience the underwater world where their floating homes will be.
The company realised that the practice of renting or chartering, a sailboat or motor yacht to stay in Mount Vema, for privacy, relaxation or fishing within the Vema Seamount Territorial waters for individuals, families or as a corporate event is about to become big business.
W-Southern plans to have two main kinds of charter available. One will be bare-boat and crewed charters which involves a person renting a boat or cabin and skippering it if renting the whole yacht, and the other way is gathering up a group and renting the yacht with them.
People associated with the plans, have told VSBCnews that they are already in talks with RMVFA – The Royal Mount Vema Foundation Academy to offer courses to teach basic seamanship and prepare people for bare-boat chartering.
The academy will not offer the courses directly but will use its licence to sub-contract the services to foreign companies, as it already has a database of foreign private education businesses who regularly express their interest in providing private education and training to Mount Vema if required.
With W-Southern plans, people will have the option to book crewed charter, which means the yacht will come with a crew. This can be anything from a 35-foot boat with a husband-and-wife team serving as captain and chef to a 300-foot boat with a squad of 30 or more crew members including stewardesses, engineers, mates, deckhands, scuba dive masters, and more.
Two sub categories of yacht chartering will also be available. One will be un-inspected passenger yachts, also known as 6-packs which carries only six or fewer passengers. All captains will start out by getting their "six-pack" licence which must be issued by the Royal Mount Vema Coast Guard.
6-pack yachts according to W-Southern, will be ideal for smaller groups of six or less, and these yachts have a variety of types and sizes. For example, six packs can be sailing yachts, fishing boats, or power yachts and anything in between. While this type of charter will be the least expensive of the two, people will still need a licensed captain, or skipper with them at all times.
On six-pack charters people will be able to choose their menu and the type of cruise they wish to take be it to liveaboard in Mount Vema, diving expeditions, deep sea fishing and visit different sites during and after the City of Mount Vema construction, or an ocean adventure voyages to the South Atlantic Islands, South America, Southern Africa and beyond.
The other option will be the inspected passenger vessels. Inspected charters are designed to carry groups large than six passengers. These charter vessels can range from large sailing yachts to dinner cruise ships. These charters will be designed to carry up to several hundred passengers. Inspected vessels will offer many different features that an un-inspected passenger yacht cannot. Features like catering, live music, or a DJ will be available on these larger ships.
Prices will vary the cost of a chartering will be determined by several factors including the size of the yacht, its age, its pedigree, the number of crew, and the destination. W-Southern range of charter prices per person per week will start from the equivalent of 500 golles up to and in excess of 10,000 golles. Mega Yacht or Super Yacht that are over 150-foot to 300-foot could cost anything from the equivalent of 25,000 golles up to 350,000 golles per week.
The Vema Seamount Authority announced today plans to reconnect with U.S. retail giant Walmart after six years, when the first contact was made. Another clear indication that the Kingdom of Mount Vema is back in business.
The initial contact with Walmart was first made in July 2012, when the government’s ambitious investment drive programme, was officially launched, and Walmart Inc. the American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores responded warmly to the invitation to invest in the Kingdom of Mount Vema.
In a letter, back in 2012 Walmart responded positively to the Royal Mount Vema Embassy’s ‘preliminary’ request for Asda Group Plc to indicate if they would be interested in taking up the offer to enter the Kingdom of Mount Vema’s expanding economy.
The letter was signed by Leigh Hopkins, then the retail giant’s Vice President: ‘As you may know,’ he said, ‘we are always looking for new markets where we can improve the quality of life of people through our everyday low prices.’
‘We will keep your comments in mind in case opportunities arise in that area at the appropriate time.’ Hopkins, who is also responsible for the International Business Unit of Walmart, was responding to the then Royal Mount Vema Embassy’s Honorary Consul’ s proposal to Asda Group Plc for the supermarket chain to invest in Mount Vema.
Now the appropriate time has come. Mount Vema is ready for Walmart and contact will be made this month as The Vema Seamount Authority continues his tireless efforts to find reliable partners and suppliers for the City of Mount Vema Project.
The Mount Vema Monarchy is keen to have Asda Group Plc on board because the company has the ability to create a reliable distribution infrastructure with the backing of its parent company Wal-Mart Plc, which would create an inflow of jobs to the already vast empire that is Asda and it would allow Asda Group Plc to create a larger international presence alongside any financial rewards it may gain.
The proposal, presented to Asda about six years ago, was part of His Mount Vema Majesty’s government’s deliberate investment drive to lure major international companies to tap into the kingdom’s developmental projects.
Other companies targeted back in 2012 that will be re-approached by the government includes retail giants Tesco, Alliance Boots, mobile phone operator Vodafone, and financial service providers HSBC Holdings, Barclays, JP Morgan Chase and Goldman Sachs banks.
Gollexi, The Mount Vema Stock Exchange was up today after WIBMOR, the logistics company of Mount Vema decided to diversify its portfolio for the first time after making more than a million golles in the Mount Vema stock market when it sold 100,000 stocks at the Gollexi for 11.01 each to institutional investors.
Now, with enough cash to spend, WIBMOR has decided to diversify starting with an initial investment of about 200,000 golles in MVG-Bond (10 years government bonds) and RBMV Bank stocks.
WIBMOR’s move is likely to be followed by many traders tomorrow when the market reopens at 9am after rumours that foreign companies seeking to join the Mount Vema market have signalled intention to start opening bank accounts with the RBMV Bank to facilitate their application for government contracts.
A Gollexi trader who wished to remain anonymous told VSBCnews that “This are exciting times. Something big is about to happen. The time to invest in now.” He said, and he may be right, Mount Vema has many listed companies with cash to spend after making millions in the stock market, all looking to diversify their investment portfolios.
We tried to contact WIBMOR but couldn’t reach anyone for comment. If you are following the developments, you can just feel it in the air, everyone seems to be ready. The price of stocks, notes, bills and bonds are likely to go up. Something is up, maybe it is time to buy. The 10 Year Government Bond is up 11% and RBMV Bank stocks closed at 0.20%.
The amount of money to be sent home by migrants due to arrive in Mount Vema for work will generate one of the largest financial inflows to many countries across the globe. The Royal Mount Vema Reserve Bank said it back in 2012, and the time has come, as migrant workers are already making travel arrangements to Mount Vema for this year.
Although as of today, most contracts signed or to be signed with service providers, will include a clause that requires contractors and sub-contractors to bring their own people, those who seek work in Mount Vema, are making their own travel arrangements with W-Southern.
As the economy of Mount Vema returns to growth, the number of foreign nations looking to the Vema Seamount Territory for business opportunity especially from remittance is increasing. Only yesterday, officials from more than five countries have expressed interest to provide labor to the Vema Seamount Authority if requested, to give their citizens the opportunity to travel to the Kingdom of Mount Vema for work.
Today the Royal Mount Vema Reserve Bank estimated that remittances would exceed 5 billion golles (about $9 billion US dollars), which could contribute to the economic growth and to the livelihoods of many people worldwide by 2020.
According to the Bank of Mount Vema remittance transfers will be good for Mount Vema as it will promote access to financial services for both the sender and recipient, thereby increasing financial and social inclusion. The migration will improve business profitability, while foreign countries will depend on the flows of remittances that will result from the migration of labor.
This dependence will also result in the integration of the residents in Mount Vema with communities throughout the world, who will not only be sending money back to their communities, but who will also be travelling back and forth extensively, which could benefit communications, logistics and transport companies.
VANDER Legal, the leading law firm of the Kingdom of Mount Vema has confirmed that it plans to float in Gollexi next month, which will make it the first law firm of Mount Vema to go public, as part of a plan to reduce the need to rely on external funders.
The funding will support the growth of the firm, building on its position as the top dispute resolution firms of Mount Vema. Dispute resolution, according VANDER Legal is expected to be a growing market in the territory because of the number of contractors and sub-contractors joining the City of Mount Vema Project.
The law firm whose clients include the top firms of the territory including WIBMOR, W-Contractors, RBMV Bank, and Government Agencies, is expected to formally unveil plans for a ₲100m stock market float this year.
Handy Deed have today come forward with a new proposal to build a fleet of superyachts for W-Southern. The deal would include five new superyachts for the next five years.
The proposal comes after the early design was approved back in November 2017. The design has been teased in a secretive sketch with a few details surrounding the exciting new endeavour. With a modern exterior line, the five-deck superyacht boasts generous open spaces which have been engineered to create the ultimate on-board lifestyle.
The yacht design allows extremely spacious for owners and guests, like the main salon, sky lounge, beach club or the wellness area including 8- meter glass walls pool. Furthermore, the yacht will offer a tender garage for two tenders, rescue boat, and a variety of water toys.
The completion of this new 120-meter superyacht project is scheduled for spring 2021, with more details on the construction, coming soon later this year.
HSBC, Santander, and Barclaycard identity verification service provider is ready to work with Mount Vema
GBG, the company that provides identity verification services to some leading companies such as HSBC, Santander, Barclaycard, Harrods, TransferWise, O2, amazon.com, Nike and among many others, will work with Mount Vema to verify the identity of its customers when traveling to Mount Vema or applying for services.
The news comes after the government announced early this year that the Kingdom of Mount Vema will be introducing a new identity verification service to ensure that people travelling to Mount Vema for work and service providers, provide information that is associated with the identity of a real person.
The new service will verify the authenticity of physical identity documents such as a passport or travel document, and will identity information against authoritative sources such as a credit bureau or government data, called non-documentary verification.
Businesses and entities that form part of the Kingdom of Mount Vema will also be able to use the service to ensure that users or customers provide information that is associated with their real identity, required to establish bank accounts, other financial accounts, and stop illegal activities like scams, and money laundering.
The service will also be used both online and in person to verify identity especially when boarding a vessel to Mount Vema, as travelers are encouraged to confirm for the Online Check-in process before leaving home to the island. People who wait to check in at the terminal risk being unable to sail even if they arrive at the terminal before the vessel leaves.
Mount Vema government security regulations require passenger vessels to submit certain guest information to law enforcement authorities at least 60 minutes prior to departure. To meet this requirement, it is necessary that the vessel has the information in its records and verified at least 90 minutes before departure. If a passenger does not have his or her information by this deadline, he or she will be unable to sail.
The new service will make it easier for the Kingdom of Mount Vema to verify the identity of almost anyone at any-time, anywhere in the world and tackle the growing problems of identity fraud and money laundering. Service providers will be able to check their customers are who they say they are with reference using a data for more than 5 billion people around the world.