March 16 - 31 , 2018 PHILIPPINE ASIAN NEWS TODAY 15
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Reuniting Canadian citizens and permanent residents with their parents and grandparents helps to strengthen Canada . That is why this country has one of the world ’ s most generous sponsorship programs for parents and grandparents , and why we continue to improve it .
As many families who are working to sponsor parents and grandparents probably know , on February 1 , access closed to the online Interest to Sponsor form . Following on this , on March 20 , 2018 , we began to notify potential sponsors whose submissions were selected that their confirmation numbers have been posted on our website . Our government realizes that
Robinsons Retail Holdings Inc ., the retail arm of the Gokongwei family , said it expects the government to approve the P18-billion acquisition of Rustan Supercenters Inc . from Hong Kong-based retailer Dairy Farm International Holdings Limited over the next four to six months .
Rustans Supercenters , a company established by the Tantoco family and currently led by pan-Asian retailer Dairy Farm , is the company
Parents and Grandparents Program
helping people reunite with their parents and grandparents is an important issue for many families in this country . As a result , we ’ ve made the Parent and Grandparent Program more fair and transparent , and we are working with potential sponsors to ensure they are informed and aware of what they need to do in this process .
For 2018 , we are using the new selection process that we introduced last year . It gives all potential sponsors equal access to the application process and it is fairer in than past years , when applicants had to submit applications by courier and mail on a first come , first served basis .
This revised program aims to better inform potential sponsors about their applications , because it ensures that only those sponsors who will be included in the annual allotment of PGP applications need to take the time to submit sponsorship applications .
I want to also stress that Immigration , Refugees and Citizenship Canada is doing all it can to receive up to 10,000 complete parent and grandparent sponsorship applications this year . For example , the department has shortened the period of time for applicants to submit complete sponsorship applications from 90 days to 60 days .
These kind of actions are yielding results . Between 2011 and last year , we reduced by more than 80 % the
Robinsons expects approval of P18-billion takeover of Rustan ’ s stores
behind Rustan ’ s Supermarket , Shopwise Hypermarket , Wellcome and other chains of stores .
RRHI said in a disclosure to the stock exchange it was expecting to obtain all conditions needed to close the deal including shareholders approval of issuance of primary shares to Dairy Farm , approval of the transaction by the Philippine Competition Commission and confirmation by the Securities and
Exchange Commission .
RRHI earlier announced a deal with Dairy Farm to build a leading food retail business in the Philippines .
Under the plan , RRHI will acquire Dairy Farm ’ s 100-percent stake in RSCI . In exchange , Dairy Farm will acquire new shares in RRHI equivalent to 12.15-percent stake in the enlarged share capital of the Gokongwei-owned retail holding firm at an agreed price of P94 per share or for a total of $ 346
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Dr . Cecile Tumusok-Aparte
inventory of parents and grandparents applicants .
Finally , it ’ s worth noting that families can also consider the Parent and Grandparent Super Visa . It allows holders to stay in Canada for up to two years on an initial visit , compared to six months for a regular visa .
The improvements we have made to programs , such as the PGP , demonstrate our commitment to keeping families together . Through them , we will continue to help newcomers to integrate , build stronger ties and to contribute to the future of Canada . The Honourable Ahmed Hussen Minister of Immigration , Refugees and Citizenship
million .
Dairy Farm will also acquire a 6.1-percent stake in RRHI from the existing controlling shareholders at $ 174 million .
This will give Dairy Farm total holdings of 18.25 percent in RRHI , while the Gokongwei family will continue to hold a 51-percent interest .
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