Where is RM4 billion Caymans fund?, DAP asks 1MDB
From Maylasian Insider DAP has questioned the delay in repatriating 1Malaysia Development Board’s (1MDB) RM4 billion in the Cayman Islands, which Putrajaya and the strategic development firm had pledged to bring back last year. The opposition party’s national publicity secretary,…
JPMorgan inks deal to exit Forex Antitrust Case
By Scott Flaherty, From The Litigation Daily JPMorgan Chase & Co. and its lawyers at Skadden, Arps, Slate, Meagher & Flom have laid down their arms in antitrust litigation accusing a dozen banks of manipulating foreign exchange rates. Skadden, along…
Some Maryland-based businesses look to Cuban frontier
By Arthur Hirsch From The Baltimore Sun Before the Cuban Revolution, Maryland’s relationship with the Caribbean island was lots of sugar and spice. Baltimore-based McCormick & Co. and the defunct Baltimore Spice Co. did business there, and when a sugar…
Caricom urged to recommit itself to integration movement
From Jamaica Observer GEORGETOWN, Guyana (CMC) – Outgoing Caribbean Community (Caricom) Chairman Gaston Browne says regional countries should recommit themselves to strengthening the integration movement in 2015, as the Caribbean emerges from 2014, “an exacting year”. Browne, the prime minister…
St Lucia ruling party rebuffs excessive tax claim as “nonsensical”
From Caribbean360 CASTRIES, St. Lucia, Wednesday January 7, 2015, CMC – The ruling St. Lucia Labour Party (SLP) Tuesday described as “nonsensical”, claims that the government was reaping major financial benefits in the retail price of gas as a result…
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iNews Briefs
DART unveils a 10 year plan for development in Cayman Islands Dart Realty has unveiled a ten year plan to develop Camana Bay and Seven Mile Beach on Grand Cayman. The plans call for Camana Bay to be linked to…
Cayman Islands Foundation for culture now accepting applications for grants
Cayman National Cultural Foundation (CNCF) Grants for the Arts 2015 REGISTRATION NOW OPEN!! The CNCF Grants Committee is now accepting applications for the March ’15 session. The deadline for submission is Thursday, 15 January. Grants are for individuals who are…
Cayman Islands Premier invited to House of Lords to give keynote message
GRAND CAYMAN, Cayman Islands – Cayman Islands Premier Hon. Alden McLaughlin has been invited as a guest of honour to deliver the keynote message at the Caribbean Council’s Annual Reception at the House of Lords in London. The event, which…
How Perenna Kei became world’s youngest billionaire
From Want China Times Twenty-four-year-old Perenna Kei obtained shares of her family businesses through multiple companies registered in the Cayman Islands and Guernsey, which helped her surpass Facebook co-founder Dustin Moskovitz as the world’s youngest billionaire last year, China’s state…
Caribbean states, Uruguayan president demand end of U.S. blockade of Cuba
By Emile Schepers From People’s World The Caribbean Community, known as CARICOM, has once more called for an end to the U.S. blockade of Cuba. On Monday, December 8, the Fifth CARICOM-Cuba summit took place in Havana, with Cuban President…
