2015 New Cayman Captive formations continue a pace
GEORGE TOWN, Grand Cayman–(BUSINESS WIRE)–The Cayman Islands captive insurance industry enjoyed robust new captive formation numbers throughout 2015 with 22 new licences being recorded, mirroring the previous year’s numbers exactly. The total number of B, C and D licencees domiciled…
Turks and Caicos corruption trial set to resume
From Caribbean News Now PROVIDENCIALES, TCI — The much delayed trial of former Turks and Caicos Islands (TCI) Cabinet ministers and others was set to resume at the court in Providenciales with opening statements from the prosecution on Monday, after…
Hillary Clinton’s Caymans-tax-dodge hypocrisy
By NY Post Editorial Board FROM NEW YORK POST Hillary Clinton last week lunged into her most flagrant fit of hypocrisy yet. With Bernie Sanders surging, she took new aim at the rich — including their use of tax dodges….
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Jamaica and Caribbean facing global financial regulations
From South Florida Caribbean News KINGSTON, Jamaica – Jamaica and those in the wider Caribbean are feeling the erosion of options to conduct international financial transactions due to tough global banking regulations. Economist Dr. Damien King said the challenge to…
Everything ready for preparatory session of ACS Ministerial Council
From Presna Latina Port-au-Prince, Jan 18 (Prensa Latina) Everything is ready today for the preparatory session of the 21st Ordinary Meeting of the Council of Ministers of the Association of Caribbean States (ACS), which will open on Tuesday in the…
Why this subprime lender funds loans through the Cayman Islands
By Kadhim Shubber From FT Alphaville Elevate Credit calls its customers in the US and the UK the “New Middle Class”, selling them loans in the latter at a representative APR of 1295 per cent. It is gearing up to…
Ericsson and Huawei extend global patent cross license agreement
Renewed cross license agreement (including the GSM, UMTS and LTE cellular standards) On-going royalty payment to Ericsson, 2016 and onwards, based upon actual sales Ericsson’s estimate for full year 2015 IPR revenues of SEK 13-14 b. remains Ericsson (NASDAQ:ERIC) and…
St Lucia government upholds diplomatic immunity for Saudi billionaire
From Caribbean News Now CASTRIES, St Lucia — The government of Saint Lucia has informed Britain’s Foreign and Commonwealth Office (FCO) that it intends to uphold the principle of diplomatic immunity by allowing its permanent representative to the International Maritime…
IRENA announces loans for projects in Africa and the Caribbean
By Robin Whitlock The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) has announced $46 million in concessional loans for renewable energy projects in developing countries. The loans will fund a wind and solar project in…
Boston Beach, Jamaica refurbished and reopens
$27.7 Million Refurbished Boston Beach Facility Handed Over Portland, Jamaica – Boston Beach, the famous beach in Portland, Jamaica has been refurbished at a cost of $27.7 million and was officially reopened by Minister of Tourism and Entertainment, Hon. Dr….
