CDEMA European Union have launched the 11th EDF Natural Disaster Facility in the CARIFORUM Programme
Saint Maarten, 4 December 2019. The Caribbean Disaster Emergency Management Agency (CDEMA) along with the European Union have launched the 11th EDF Natural Disaster Facility in the CARIFORUM Programme. This initiative aims to contribute to the reduction of the vulnerability to…
Assessing vulnerability to climate change in Montserrat’s fisheries sector
By Terrence Phillips Caribbean Natural Resources Institute (CANARI) Tuesday, February 20, 2018 — Over the next seven days, the Caribbean Natural Resources Institute (CANARI) and the Ministry of Agriculture, Trade, Housing, Lands and Environment (MATHLE) will be working with stakeholders…
Former Nassau resort owner sues Chinese contractor over ‘Massive Fraud’
From WN The original owner of the Baha Mar Resort, BML Properties Ltd, has filed a $2.25 billion lawsuit alleging a “massive fraud” by the Chinese contractor of the luxury hotel and casino project in Nassau, the Bahamas, that opened…
Bahamas PM accused of misleading public on megaresort deal
By Royston Jones Jr. Nassau Guardian Staff Reporter From Caribbean News Now NASSAU, Bahamas — Opposition Free National Movement (FNM) leader Dr Hubert Minnis on Thursday accused The Bahamas government of misleading the public to have Bahamians believe that all contractors…
Bahamas PM dismisses Chinese citizenship rumours
By Juan McCartney Nassau Guardian Broadcast Editor From caribbean News Now NASSAU, Bahamas — Prime Minister Perry Christie on Monday dismissed as false, claims that the Bahamas government has agreed to the “sale or grant of 500 Bahamian citizenships to Chinese…
Was PM misled on Baha Mar? Chinese Builder knew it was likely to miss deadline
By NEIL HARTNELL Tribune Business Editor From Tribune 242 WEEKS after Baha Mar’s contractor assured Prime Minister Perry Christie and the developer, Sarkis Izmirlian, that all was on track for a scheduled opening at the end of March 2015, the…
Bahamas mega resort will be completed, says Chinese contractor
By Travis Cartwright-Carroll Nassau Guardian Staff Reporter From Caribbean News Now NASSAU, Bahamas — Bahamas Prime Minister Perry Christie said the chairman of China State Construction Engineering Corporation (CSCEC) has assured him that bankrupt multibillion dollar resort Baha Mar will…
IRS applies the §956 indirect investment rule to a partnership loan [Cayman Islands CFC]
By Lowell D. Yoder, Esq. McDermott Will & Emery, Chicago, IL From Newly Enhanced! Premier International Tax Library Monday, October 6, 2014 – The IRS recently issued a Chief Counsel Advice (CCA) applying the §956 indirect investment rule to a…