From Caribbean360 BRIDGETOWN, Barbados, Friday July 18, 2014, CMC – Government has waived all payments of the Barbados Municipal Solid Waste Tax for pensioners with property valued under BDS$190,000 (One BDS dollar = 50 US cents) and pushed back the payment deadline for others. This new tax was announced last year with a sweeping .03 […]
Meridian Capital International Fund announces short-term financing for Caspian Energy Inc.
July 20, 2014 by Leave a Comment
GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS, July 18, 2014 /CNW/ – Meridian Capital International Fund (“Meridian”) announced today that US$1.5 million has been advanced to Caspian Energy Inc. (“Caspian”) under a loan agreement (the “Loan Agreement”) dated July 7th, 2014 among Meridian, Firebird Global Master Fund Holdings, Ltd. and Firebird Avrora Fund, Ltd. (collectively, “Firebird”) […]
Overseas tax holiday to Dutch Caribbean under the Free Movement of Capital spoiled by CJEU in TBG Limited-Case
July 20, 2014 by Leave a Comment
By Wessel Geursen From European Law Blog The free movement of capital provision of Art. 63 TFEU applies ratione loci ‘worldwide’: to both capital movements within EU’s internal market and to movements from the internal market to third countries (and vice versa). Or perhaps almost worldwide, since the question arises whether the free movement of […]
Investment oversight provider Enhance announce opening of new office in the Cayman Islands
July 16, 2014 by Leave a Comment
Enhance, a leading provider of investment oversight services in the fiduciary sector, is delighted to announce the opening of their new office in the Cayman Islands. The decision to open the office in the Cayman Islands was taken due to the company’s significant growth over the last year, including an increase in clients with Caribbean-based […]
MaplesFS clients continue to support The Pines with generous donation
July 16, 2014 by Leave a Comment
Grand Cayman, Cayman Islands (16 July 2014): The MaplesFS Community Service Committee on behalf of MaplesFS clients recently donated more than US$450,000 to The Pines Retirement Home in aid of ongoing enhancements to the organisation’s new residential facility, which officially opened in March this year. “MaplesFS and its clients’ generous donation will enable us to […]
Trinidad and Tobago vulnerable to energy price decline – IMF
July 16, 2014 by Leave a Comment
From Caribbean360 WASHINGTON D.C., United States, CMC – The International Monetary Fund (IMF) Wednesday warned that Trinidad and Tobago remains vulnerable to a decline in energy prices, and called for structural reforms to diversify the economy and improve its growth potential. The IMF said while it welcomed the improved growth outlook, and noted the strong […]
National Internship Programme celebrates first Intern
July 14, 2014 by Leave a Comment
The National Workforce Development Agency’s Training and Development Unit launched its National Internship Programme earlier this year as they partnered with on island active investment fund manager, Prosperity Capital Management Ltd. Managing circa USD3.1billion and with its head office in Camana Bay, this firm offered an unparalleled opportunity for a young Caymanian to work and […]
[Cayman] Gems unit faces $200 million lawsuit from US developer
July 14, 2014 by Leave a Comment
By Sananda Sahoo A New York property developer is suing a unit of Dubai’s Gems Education for allegedly breaching a tenancy contract in a US$1 billion deal to construct and lease its first school in the city. 93-94 Second Development has filed a US$200 million lawsuit plus fees and punitive damages against Gems Menasa Topco, […]
Venezuela’s airport ‘breathing’ tax/United cuts flights to Venezuela
July 14, 2014 by Leave a Comment
Venezuela’s airport ‘breathing’ tax By Daniel Pardo From BBC Trending Passengers at Maiquetia International Airport “That will be $20 ‘breathing’ tax please” The biggest international airport in Venezuela is charging a fee for the right to inhale clean air – and social media users are not happy. We’re used to a seemingly endless range of […]
This cognitive bias explains why you keep putting off saving money
July 14, 2014 by Leave a Comment
By Libby Kane From Business Insider Why is it so hard to save for retirement? If you really don’t have a surplus cent, that’s one thing. But many of us do have money to spare, so our avoidance of this major financial tenet must be attributed to something else. For instance, the cognitive bias of […]
