Fixing fees for profit
By Arthur Hall, Senior News Editor, From Jamaica Gleaner NOTE: The dollar amounts mentioned in this story are Jamaican Dollars (1 Jamaican Dollar equals 0.0091 US Dollar) Banks increase earnings from transaction charges -CaPRI A just-concluded study by the local…
Caribbean Centre of Excellence for Financial Services to be formed
By Kathy Barrett From RJR News Nassau, Bahamas: The third Caribbean Conference on the International Financial Services Sector ended here on Wednesday with an agreement to establish a Caribbean Centre of Excellence for Financial Services. The University of the West…
Trinidad government spends billions to settle CLICO finances
From Caribbean360 Finance Minister Larry Howai told the Senate that the TT$20.8 billion spent were necessary to deal with the fall-out from the CL Financial crash. PORT-OF-SPAIN, Trinidad, CMC – The Trinidad and Tobago government said Wednesday it had spent…
New survey sheds light on financial behavior of Latin American and Caribbean migrants in the United States
From IDB Study by IDB’s Multilateral Investment Fund and the Inter-American Dialogue identifies need for formal savings products for remittance clients Remittances remain one of the largest cross-border flows to Latin American and Caribbean region, totaling more than $60 billion…
US provides ‘essential clarity’ on offshore tax compliance
From Caribbean360 The Treasury Department said the announcement provides foreign financial institutions (FFIs) located in these jurisdictions with the guidance they need prior to the upcoming registration deadlines. WASHINGTON D.C., United States, CMC – The United States Department of the…
Jamaica finance minister presents J$539.35 billion dollar budget
Finance Minister Dr. Peter Phillips presented the estimates for the 2014-15 fiscal year, with J$404.6 billion earmarked for Recurrent expenses and J$134.6 billion for Capital spending. KINGSTON, Jamaica, Friday April 4, 2014, CMC – The Jamaica government has presented a…
FATF President international financial services sector need to operate in a compliant region
Speech by FATF President Vladimir Nechaev at the 3rd Caribbean Conference on the International Financial Services Sector 3rd Caribbean Conference on the International Financial Services Sector 2 April 2014, Nassau, the Bahamas Introduction Honourable Allyson Maynard-Gibson, Attorney General of the…
The Editor Speaks: The Grand Old Duke of York
The Grand Old Duke of York Oh, The grand old Duke of York, He had ten thousand men; He marched them up to the top of the hill, And he marched them down again. And when they were up,…
Work begins for Strategic Sports Advisory Group
A committee of public and private sector stakeholders is working closely with the Sports Ministry to address certain prioritised areas in the National Sports Policy and Strategic Plan. This group, which contributed to the work to develop the National Policy…
UPS fires hundreds of workers who defended fired colleague (Queens New York US)
By Kevin Short From The Huffington Post UPS, one of the world’s largest shipping and logistics companies, has decided to fire 250 workers who staged a 90-minute protest in February. The protest was organized after a long-time employee was fired…
