iNews Briefs
‘Jack’ Warner opts not to seek re-election as ILP party leader From Caribbean360 PORT-OF-SPAIN, Trinidad, Monday June 9, 2014, CMC – One year after he founded the Independent Liberal Party (ILP), Jack Austin Warner is not seeking re-election as its…
Insider trading probe: Sebi may seek help from foreign peers
By PTI New Delhi From My Digital fc In what is emerging as the biggest insider trading probe in India, watchdog Sebi [Securities & Exchange Board of India]may seek help from its peers in foreign countries, including Hong Kong, Singapore…
iNews Briefs
Queen’s Birthday Garden Party is back in Cayman As a long standing tradition the Cayman Islands celebrate Her Majesty, Queen Elizabeth II’s birthday in June each year. Senior uniformed services officers, youth service organisations and the police band are scheduled…
Top 12 tax havens for US companies
From RT US corporations are making record profits in tax havens like Bermuda, the Cayman Islands, and the British Virgin Islands (BVI). Some of the profits exceed the GDP of the host country, with Bermuda’s offshore profits 1643% of total…
Why US companies can earn $51 billion in the Cayman Islands even though its GDP is only $3 billion
By Tim Fernholz @timfernholz From Quartz The foreign subsidiaries of US corporations made $94 billion in Bermuda in 2010, the latest year we have data for. That’s incredible work, since only $6 billion of goods and services were produced on…
Decriminalize marijuana says Bermuda government task force
From Caribbean360 HAMILTON, Bermuda, Tuesday May 13, 2014, CMC – A government appointed task force is recommending the decriminalization of marijuana in this overseas British territory and that the government should take “immediate action to enable access to medical cannabis…
BF&M records $25.2m profit for 2013
By Don Burgess, Deputy Editor BDA Sun BF&M has reported a profit for 13 straight years after recording net income of $25.2m for 2013. Shareholders’ net income for the comparative period of 2012 was $21.9 million. President and CEO, John…
Cayman Team best in the Caribbean
Last month a team of four dressage riders from Cayman took first place in the region’s premier dressage competition. Every year, the horse world’s governing body, the ‘FEI’, organize the World Dressage Challenge for countries in the Caribbean. In the…
U.S. warns that some Bermuda beaches are polluted with sewage
By Gay Nagle Myers From Travel Weekly The U.S. Consulate General in Bermuda issued an advisory on March 31, warning visitors about contaminated beaches along the island’s south coast. The advisory was based on a 2013 study of the waters…
iNews Briefs
Cayman bank refuses to process former FIFA VP’s payments According to a report by the UK’s Daily Telegraph, former FIFA Vice-President, Jack Warner, is alleged to have been personally paid approx. $1.2M by a firm controlled by a former Qatari…
