Caribbean and Central American countries teaming up for seismic and climate catastrophe risk coverage
From World Bank Since its creation seven years ago, CCRIF has made eight payouts amounting to US$32 million to help countries manage budget volatility in the aftermath of recent natural hazards. Nine countries in Central America and the Caribbean experienced…
Futuristic technology a cause for concern
From Caribbean360 WASHINGTON D.C., United States, Thursday April 24, 2014 – A recent report released by the Pew Research Center, which sought to gauge public opinion about our rapidly changing world, found that while people are generally upbeat about anticipated…
Four convicted for drug smuggling using US Postal Service from Puerto Rico
From Caribbean360 NEW YORK, United States, CMC – The United States Immigration and Customs Enforcement (ICE) agency says the leader and four members of a sophisticated criminal organization that trafficked large quantities of drugs using the US Postal Service from…
1MDB placed RM12.5bil out with foreign fund managers
From The Star PETALING JAYA: 1Malaysia Development Bhd (1MDB) has placed out a total of US$3.8bil (RM12.5bil) in the hands of overseas fund managers, based on the details of its accounts for the financial year ended March 31, 2013. The…
Cayman Islands: US FATCA And Cayman Funds: Due Diligence
Article by Martin Livingston, Jon Fowler, Tim Frawley and Alasdair Robertson Maples and Calder Last Updated: 17 April 2014 On 29 November 2013, the Cayman Islands government signed a Model 1B (i.e. non- reciprocal) intergovernmental agreement with the United States…
PriceSmart and Cuba in ‘shopping’ dispute
By Rickey Singh From Trinidad Express International warehouse shopping company PriceSmart, which operates In various Caribbean Community (Caricom) states, is under sharp criticisms for now involving Cuba’s diplomatic missions in the region in the more than half-century of America’s trade,…
Peter Schiff Goes to Puerto Rico
By Nick Giambruno April 9, 2014 (www.investorideas.com newswire) It’s been a little over a year since I sat down with Peter Schiff at his house in Connecticut to discuss the importance of international diversification. Since then, the options available to…
Jamaica finance minister presents J$539.35 billion dollar budget
Finance Minister Dr. Peter Phillips presented the estimates for the 2014-15 fiscal year, with J$404.6 billion earmarked for Recurrent expenses and J$134.6 billion for Capital spending. KINGSTON, Jamaica, Friday April 4, 2014, CMC – The Jamaica government has presented a…
Trini smuggled cocaine to New York in goat meat
From Stabroek News (Trinidad Express) Two Trinidad nationals were allegedly held by US Customs officers with close to TT$2 million worth of cocaine, four days apart, on Caribbean Airlines flights entering John F Kennedy Airport in New York. The first…
FATCA Update – Hong Kong, Luxembourg and Caribbean
By Lisa Smithfrom iexpats As the inexorable countdown towards FATCA starting on July 1, 2014 continues, every few days see more nations signing up to the US Foreign Account Tax Compliance Act (FATCA). FATCA is an international network of tax…
