Caribbean Diversified Investments Inc. announces delay in filing of audited financial statements
TORONTO, ONTARIO–(Marketwired – Dec. 30, 2013) – Caribbean Diversified Investments Inc. (formerly 0924885 B.C. Ltd.) (CNSX:HDC) (“CDI” or the “Company”) wishes to advise that there will be a delay in the filing of its audited financial statements, MD&A and AIF…
American Express to refund $59.5M over bad billing & deceptive marketing
By Chris Morran From Consumerist About 15 months after getting slapped around by the Consumer Financial Protection Bureau to the tune of $112.5 million for a variety of bad business practices, the CFPB put another huge lump of coal in…
Sagicor to get £86m from sale of Europe assets
By Aleem Khan From Guardian Media T&T The Sagicor Financial Corporation (SFC) has received approval from the regulatory authorities in the United Kingdom and the Cayman Islands to sell Sagicor Europe Ltd (SEL) and its subsidiaries, which include Sagicor at…
CIBC FirstCaribbean named Bank of the Year 2013
by Bajan CIBC FirstCaribbean International Bank’s Barbados business has been awarded the prestigious Bank of the Year 2013 by The Banker Magazine. Remarking on the award, Rik Parkhill, Chief Executive Officer (CEO), CIBC FirstCaribbean International Bank, said the bank was…
Suriname admitted to Caribbean Development Bank
From Share News Canada PARAMARIBO: The Caribbean Development Bank (CDB) has admitted Suriname as a full member of the financial body. The nation will now have easier access to subsidized loans that will boost development projects. “Suriname has a sound…
Bahamas listed as wealthiest CARICOM country/St Kitts 3rd
From Jamaica Observer Jamaica, Guyana at the bottom in World Bank study BRIDGETOWN, Barbados (CMC) – The World Bank has rated the Bahamas as the wealthiest Caribbean Community (CARICOM) country. The Washington-based financial institution said that the Bahamas is the…
Report made on registrar appointment
The recent recruitment of a Registrar of Lands was “fundamentally robust, well-documented” and in compliance with requirements of the Public Sector Management Law (PSML) says a report by human resources (HR) auditors. Following concerns over the appointment that were raised…
U.S. Signs FATCA Pacts with Malta, Netherlands, Bermuda, Jersey, Guernsey and Isle of Man
By Michael Cohn From Accounting Today The U.S. has signed six more intergovernmental agreements with a half dozen jurisdictions, including several traditional offshore tax havens, to implement the Foreign Account Tax Compliance Act, or FATCA. Over the past week, the…
Cayman Island Trade in Services continued to be the sole net Foreign Exchange Earner in 2012
The Cayman Islands’ Balance of Payments (Current Account) Report 2012 which summarizes the country’s economic and financial transactions on goods and services Grand Cayman, Dec. 23, 2013 /PRNewswire-iReach/ — Cayman’s Trade in Services Continued to be the Sole Net Foreign…
Encouraging Public Sector financial results
The Public Sector’s financial results for the 4-month period – 1 July to 31 October 2013 – were very encouraging. The Public Sector typically experiences a Deficit during the first six months of its financial year (1 July to 31…
