Billion-dollar tax evasion fraud case now linked to Cayman Islands
This case has been making headlines for three years, has involved countries around the globe and corruption within law enforcement institutions. This is the first time there has been a link with the Cayman Islands, which is, “thought to have…
Caribbean Development Bank, World Bank And The Inter-American Development Bank Sign Collaboration Agreement to Promote The Caribbean Growth Forum
During the Caribbean Development Bank’s (CDB) Forty-Second Annual Meeting held in Grand Cayman, Cayman Islands, over the period 23-24 May, 2012, CDB, the World Bank and the Inter-American Bank formally signed a Memorandum of Understanding to jointly support the work…
Emap taken over by offshore company in Cayman Islands
Emap: Apax helped Guardian Media Group buy Emap’s trade magazine and events businesses in 2008. The deal saw GMG incorporating a new company in the tax haven of the Cayman Islands and integrating it with an existing network of Cayman…
St Lucia wants CDB to implement policies to immediately reverse credit rating downgrade
St. Lucia has called on the Barbados-based Caribbean Development Bank (CDB) to implement measures as quickly as possible to reverse the downgrading rating the financial institution has received from the US-based Moody’s Investors Services. “The Bank must move quickly to…
Michael Bywater bashes Cayman Islands tax exile Kenneth Dart
Under the title “Do the vultures really feel the pain of our financial crisis?” Michael Bywater columnist with UK’s “The Week” joins the others taking a bash at Ken Dart and the Cayman Islands. Here is the article: The Illumination…
Closing Remarks by the Premier, The Hon. McKeeva Bush, OBE, JP for the Caribbean Development Bank closing Ceremony
Salutations. If the cultural genome of the world could be decoded, it would be seen that the Caribbean boasts some of the brightest, nimblest, most adaptable people on the planet. This has been reaffirmed during the past week, as we…
Typical CEO made $9.6M last year, AP study finds
AP) — Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from…
Concerns over Cayman Islands Consolidated Water deal with Npdevco
BISX-listed Consolidated Water yesterday said its $14 million joint venture water supply deal with New Providence Development Company (NPDevCo) would ultimately supply “everything bar Albany” west of Lynden Pindling International Airport (LPIA), although not everyone is happy with their 25-year…
Alibaba’s “Scheme” to seek sanction by Cayman Islands Grand Court
Alibaba Group Holding Limited (“Alibaba Group”) and Alibaba.com Limited jointly announced that the proposal for the privatisation of Alibaba.com by way of a scheme of arrangement (“Scheme”) has been approved by a sufficient majority of the independent shareholders of Alibaba.com…
Statement by Premier and Minister of Finance Dr. the Honourable D. Orlando Smith, OBE
Statement by Premier and Minister of Finance Dr. the Honourable D. Orlando Smith, OBE on behalf of: the British Virgin Islands, Anguilla, the Cayman Islands, Montserrat and the Turks and Caicos Islands 42nd annual meeting of the board of governors…
