June 20, 2021

World Bank Group backs Latin America and the Caribbean’s efforts to boost growth and preserve social gains

Infrastructure, transportation, education and fiscal management were among top priorities supported by more than $10 billion last fiscal year WASHINGTON, July 2, 2014 – The World Bank Group (WBG) committed $10.2 billion in fiscal year 2014 (July 2013 to June 2014) to support Latin America and the Caribbean efforts to boost economic growth and maintain […]

RBL Capital provides $10MM credit facility to Net Element [financing by Cayman Invest]

From ABL Advisor Net Element, Inc., a technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States, completed the closing of a $10 million credit facility from the payments industry-leading lender, RBL Capital Group, LLC (“RBL Capital”). This closing represents the second funding in the $30 million […]

Counting the cost – CLICO

By David Walker From Caribbean360 SCARBOROUGH, Tobago, Tuesday July 1, 2014 – Throughout this sorry CLICO / CLF saga, we have had great difficulty in extracting any meaningful financial information from those in charge, and who spend billions of our dollars without oversight. We must therefore be grateful for the treasure trove of information disclosed […]

Bitcoin “not anonymous”, says digital currency security expert

From OffshoreAlert Contrary to popular belief, Bitcoin transactions are not anonymous and, in fact, are a “poor instrument” for laundering the proceeds of crime. “The ledger of all transactions is available forever,” says Nicolas Christin, Assistant Research Professor at Carnegie Mellon University in Pittsburgh in the United States. “Go try to sell that to a […]

NBSC introduces e-Banking Services

In an effort to create increased and convenient alternatives to traditional banking, the National Building Society of Cayman will officially launch its new online banking portal on July 3, 2014. Live by NBSC, another distribution channel of the Building Society, will allow customers ease of access to their savings accounts from anywhere in the world […]

Local foreign reserves at record high

By Aleem Khan From Guardian Media T&T’s net foreign reserves have hit a record high, RBC Caribbean Group Economist Marla Dukharan said in her latest RBC Caribbean Economic Report. She cited online data from the Central Bank which showed that net foreign reserves reached US$10.36 billion in April—the highest level ever—which equates to just over […]

$1.09m loss for Praetorian Property

From Guardian Media Praetorian Property Mutual Fund, a real estate investment trust incorporated in T&T, suffered a net loss of $1.09 million for the six months ended March 31, according to financial statements published yesterday. In the trustee’s report on the recent performance of the fund, Theron Quashie of RBC Trust (T&T) Limited said foreign […]

BlockScore lands $2M in funding for making I.D. verification easier

By Catherine Shu From techcrunch In 2012, about 7 percent of all people aged 16 or older in the U.S. experienced identity theft, with their financial losses totaling $24.7 billion. Christopher Morton is familiar with the crime because in 2007, he had his identity stolen. Fortunately, the thieves were prevented from obtaining new credit cards, […]

Coffee is about to get more expensive everywhere

By Danielle Wiener-Bronner, The Wire From Business Insider Months after we all started fretting over the prospect of a global coffee shortage, it seems we might actually start to feel the caffeine-related effects of Brazil’s massive drought and Central America’s coffee fungus, in the form industry-wide retail price increases. The Washington Post reported back in […]

Promoting Energy Security in the Caribbean

Written by White House Washington, DC – Energy security is a major challenge for the Caribbean. The region is largely dependent on relatively high-cost imported fuel and electricity. Small isolated economies and unattractive investment policies discourage investment necessary to build sustainable energy systems. The high cost of energy diverts resources away from economic development, reduces […]