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iNews briefs1First Baptist Church Choir Grand Cayman Easter Festival of Praise

WHEN: Sunday April 13, 2014 @ 7:00 pm – 9:00 pm

2014 Festival of Easter Glory

FBC Sanctuary Choir and Soloists   – Narrators and Multi-Media

A Glorious Musical retelling of the Death and Resurrection of our Lord and Saviour—Jesus Christ

Woman found guilty in 1996 killing of ex-husband

From CMV Live

A once prominent socialite was found guilty Tuesday in the 1996 Tuscan car bomb killing of her ex-husband, after spending years abroad living a lavish lifestyle across Europe. Pamela Phillips, 56, was convicted of 1st degree murder and conspiracy to commit murder after less than 3 days of deliberations that began last week. She faces life in prison at her sentence hearing on May 22.

Phillips reportedly can’t receive the death penalty because of her extradition from Austria. Austria has a treaty with the U.S. that won’t allow anyone to be extradited for prosecution if they face capital punishment. Her attorneys said they would file an appeal.

Phillips lawyers told jurors during the trial which began in February that their client had nothing to gain from the death of businessman Gary Triano. They also said that she was the victim of overzealous authorities who failed to follow other leads. They added that Phillips was already a successful real estate broker with her own money and suggested that Triano has numerous other enemies.

Prosecutors described Phillips as a gold digger who hired a former boyfriend to kill Triano in order to collect a $2 million life insurance policy so she could maintain her extravagant taste for good life. Triano died nearly two decades ago when his car exploded as he was leaving a Tuscon area country club after playing golf.

The post Woman found guilty in 1996 killing of ex-husband appeared first on Classified World News.

For more: http://cmvlive.com/international-news/woman-found-guilty-in-1996-killing-of-ex-husband

Cayman’s Children’s Arts Festival announces dates

The dates for the National Children’s Festival of the Arts (NCFA) have just been announced.

They are:

Cayman Brac and Little Cayman 10th May

Grand Cayman 3rd – 6th June

2014 marks 32 years of celebrating creative talents of Cayman’s children. NCFA is open to students across all schools, government and private.

Body of kidnapped businessman found with gunshot wound to head

From Caribbean360

GEORGETOWN, Guyana, Thursday April 10, 2014, CMC – Police Wednesday confirmed that the body of a 40-year-old businessman, kidnapped last weekend had been found in a cemetery.

Media reports said that the body of Rajendra “Sunil” Singh, a car dealer, had been found by a City Council worker and that it bore a gunshot wound to the head.

The kidnappers had demanded a GUY$25 million (One Guyana dollar = US$0.001 cents) for the return of the East Coast Demerara businessman who had been abducted in front of his business place and bundled into his motor car which was later found abandoned

For more: http://www.caribbean360.com/index.php/news/guyana_news/1107456.html?utm_source=Caribbean360+Newsletters&utm_campaign=76b8f0a12d-Vol_9_Issue_072_News4_10_2014&utm_medium=email&utm_term=0_350247989a-76b8f0a12d-39393477#ixzz2yVtQtoe6

US seizes US$42.8m in second major Caribbean cocaine bust in less than a week

From Caribbean360

SAN JUAN, Puerto Rico, CMC – The United States Customs and Border Protection (CBP) says it has seized more than 1, 500 kilogrammes of cocaine with an estimated street value of US$42.8 million in an exercise conducted in the Caribbean Sea.

CBP said the drugs were found inside a 30 foot twin engine wooden vessel off the southern coast of Puerto Rico.

CBP said about 55 bales were found, filled with brick-shaped objects that later tested as cocaine.

Last week, US authorities seized US$50 million worth of cocaine from a ship and that two Venezuelan men had been arrested and charged with smuggling.

CBP said the case would be investigated as part of the Caribbean Corridor Strike Force (CCSF), an initiative of the US Attorney’s Office, created to “disrupt and dismantle major drug trafficking organizations operating in the Caribbean”

For more: http://www.caribbean360.com/index.php/news/puerto_rico_news/1107449.html#ixzz2yRljPeYW

2 Cayman footballers interest European clubs

Leighton Thomas, who won the Golden Boot Award at last Summer’s CONCACAF U-15 Championship, has been invited to England for a two-week training trial at Ipswich Town.

Ryan Jackson currently training with Holland-based Willem II has invited him been invited by them attend its academy full-time.

Both players play in Cayman for Future.

Canadian soldier who served in Afghanistan shot in Barbados, miraculously survives bullet in body

By Sounak Mukhopadhyay from International Business Times

A Canadian man was shot in Barbados while he was on a holiday with his family. Jonathon Hubble was shot by masked robbers after they broke into Ms Hubble’s vacation home in the Caribbean. If he is still alive now, it is only because of his wife Heather who performed first aid on her husband before the ambulance came an hour after he was shot.

There were four armed men. They entered the house with a pistol and a machete. The Hubbles were staying in the house together with relatives. When the masked men entered the house, their baby daughter was playing on the floor, while the rest of them were upstairs, CBC News reported.

Ms Hubbles, however, was near the door when they walked in. She instantly thought of making her daughter secure so she tried grabbing her daughter right away. The masked men asked her to stop. She was, nevertheless, allowed to pick her daughter up while her moves were closely watched by an armed man. Ms Hubbles gave them some cash. They took her iPhone and were about to leave.

In the meantime, Mr Hubbles saw one of the masked men while he was approaching the house from outside. He started shouting at him and asked him to leave. While he moves closer to the armed man, he eventually locked hands with the masked man. A couple of other men came toward him. One of them pointed a gun to his chest and fired. Ms Hubbles said that he knew he was shot, which felt like “a kick to the kidney”.

It is no short of a miracle that the bullet travelled the entire body of Mr Hubbles from his chest to the tailbone without touching any of the major organs of his body. The extraordinary circumstances brought Mr Hubble even closer to his wife. Both the husband and the wife are in the Canadian Army.  They have earlier served in Afghanistan. They are happy that their infant daughter was left unharmed.

For more: http://au.ibtimes.com/articles/547261/20140409/canada-soldier-afghanistan-shot-barbados-caribbean-miracle.htm#.U0X2LCiSa69

Cayman Islands swim relay fundraiser for CARIFTA junior team

On Saturday 12 April, the Cayman Islands Amateur Swimming Association (CIASA) will hold the first Open Water Relay on the island. The history making event is a part of efforts made to help send the 2014 Cayman Islands National Junior Swim Team to CARIFTA, in Aruba.

The CARIFTA team travels to Aruba on 22 April where they will compete in pool and open water events. The 34 member strong team – consisting of 28 swimmers, 3 coaches, 2 managers and a physio – have only two weeks left to complete their fundraising efforts.

The fundraising competion will be divided into two categories. The 12-Under swimmers will do a 4x500m relay, while the 13-Over swimmers will complete a 4x800m relay. Every relay team must consist of four swimmers.

The cost to register a team is $40 per team or individual may register at a cost of $15 to be placed on a team. Swimmers do not need to be CIASA members to take part. Registration takes place from 2-2:45 pm at Governor’s Beach and the race begins at 3 pm. The cut off time for completion will be 1-1/2 hours.

The course will be triangular with each leg of the relay starting and finishing on land.

Registration forms and waivers are available on the day, at registration, or persons can visit CaymanActive to download the registration form in advance at http://www.caymanactive.com/swimming/open-water-swim-relay

The event promises to be fun for all of Cayman’s swimming community and everyone is encouraged to come out and take part. All CARIFTA swimmers and their families are reminded that proceeds from this event will benefit the CIASA’s competitive swimming activities and so their participation – on a team or as an organiser is encouraged.

All proceeds for the event goes to the 2014 Cayman Islands National Junior Swim Team for their trip to CARIFTA in Aruba. The CIASA thanks everyone for their support of the team and of Cayman Swimming.

If anyone would like to be a part of the team’s success and make a donation to their trip, please contact the organisation at [email protected]

CEIS is Caribbean’s energy information service

The Caribbean Energy Information System (CEIS) is the Caribbean’s energy information arm established to provide a regional information service through a network of Caribbean countries, in support of planning and decision-making.

Headquartered at the Scientific Research Council in Kingston, Jamaica, CEIS currently has a membership comprising eighteen (18) Caribbean Countries: Antigua and Barbuda, The Commonwealth of the Bahamas, Barbados, Belize, The British Virgin Islands, Cuba, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, Montserrat, St Kitts and Nevis, Suriname, St Lucia, St Vincent and the Grenadines, Trinidad and Tobago, and the Turks and Caicos Islands. The network operates through National Focal Points located primarily at government agencies and Public/Private Utilities in the territories

Implant shocks patient’s spines, restores partial use of paralyzed limbs

By Sean Buckley  From engadget

Remember that spinal implant that helped a paraplegic man walk (albeit in a harness) back in 2011? It’s now been tested on three more partially paralyzed patients — and it’s working. The original device was a 16-electrode array that emitted small pulses of electricity to the spine, simulating the brain’s natural impulses. With intensive therapy and training patients have been able to regain limited control over their paralyzed extremities.

Nobody is walking just yet, but the recent study’s success (published in Brain, a neurology journal) proves that the treatment works on a wider range of patients. It also demonstrates that the results of the original experiment can be replicated. It’s still a long way from a cure for paralysis, but the paper’s authors are optimistic about its future application, stating that “we can now envision a day where epidural stimulation might be part of a cocktail of therapies used to treat paralysis.” Read the study for yourself in Brain, or skip past the break to see the patients trying out their new implants.

For more: http://www.engadget.com/2014/04/08/implant-shocks-patient-s-spines-restores-partial-use-of-paralyz/?ncid=rss_truncated

EU reacts to remarks on commitment

By Geraldine Panapasa The Fiji times ONLINE

THE European Union has reacted strongly to remarks made at the Pacific-African Caribbean Pacific trade and fisheries meeting pertaining to its commitment to the region and economic partnership agreement.

Delegation of the EU for the Pacific head of political trade press and information Adam Janssen said their trade policy towards the Pacific was most generous and their commitment to the region’s growth and economic development should not be called into question.

“The European Union is very much aware of the specificities of Pacific States compared to the other ACP regions,” Mr Janssen said yesterday.

“The EU has adopted different approaches to negotiations with different regions of the world that take full account of partners’ needs and aspirations.

“We recognise that one size does not fit all and have done our utmost to accommodate Pacific countries’ concerns.”

He said their policies toward the Pacific region and their development co-operation underpinning those, were evidence of their wish to see the Pacific region prosper.

The EU, he said, was the second largest donor in the Pacific and an important part of their assistance was aid for trade designed to support economic development and integration.

“No other trade agreement offers full free access to the EU market combined with the level of asymmetry that the EPA offers,” Mr Janssen said.

For more: http://www.fijitimes.com/story.aspx?id=265082

No cruise day for Cayman on Wednesday

Because of choppy conditions and rough seas three ships carrying around 9,000 passengers passed by Grand Cayman altogether on Wednesday (9).

Not only were the conditions too rough for the cruise ships in George Town they were just as bad at the alternative Spotts dock location.

Another reason for Grand Cayman to have a cruise berthing facility.

US Zoo to open Stingrays at Caribbean Cove April 18th

From FOX2Now

ST. LOUIS (KTVI) – The Mercy Kids Stingray at Caribbean Cove will open at the St. Louis Zoo on April 18th. The exhibit will feature cownose rays and southern stingrays, horseshoe crabs, bonnethead shark, brown-banded and white-spotted bamboo sharks in a 17,000-gallon warm saltwater.

Zoo goers will be encouraged to touch the animals in the pool as they swim by, as part of an interactive education exhibit. The 20 inch deep will feature a waterfall and a state-of-the-art life support system.

Zoo employees will be on hand to help visitors and share information about the animals in Stingray at Caribbean Cove.

The Zoo’s Education Department is planning several programs for children and adults throughout the summer. Some programs include A Day with the Rays, Wake up with the Rays, Family and Scout Overnights, Camp KangaZoo and more. To register for programs, visit www.stlzoo.org/education or call (314) 646-4544.

The exhibit will be open through September 28, 2014.

For more: http://fox2now.com/2014/04/09/zoo-to-open-stingrays-at-caribbean-cove-april-18th/

Hancock’s Half Hour missing episodes to be re-recorded on BBC Radio 4

By Tom Eames From Digital Spy

Five missing episodes from Hancock’s Half Hour are to be re-recorded.

Pirates of the Caribbean star Kevin McNally is to star as Tony Hancock in the new versions, to air on BBC Radio 4 later this year.

The original 1950s radio series was written by Ray Galton and Alan Simpson. 103 episodes aired in total, but 20 of them remain missing.

To celebrate Galton and Simpson’s 60th anniversary, the five re-recordings will be broadcast in November.

Simon Greenall (W1A), Kevin Eldon (Hot Fuzz) and Robin Sebastian (Sherlock) will also appear in the specials.

Hancock’s Half Hour was later made into a TV series, alternating with the radio version until 1959.

Tony Hancock died aged 44 back in 1968. Alfred Molina and Ken Stott have previously played the legendary comedian on screen.

For more: http://www.digitalspy.co.uk/showbiz/news/a563594/hancocks-half-hour-missing-episodes-to-be-re-recorded-on-bbc-radio-4.html#~oAZHu8kJbzNbgZ#ixzz2yRq2GjNv

Cayman Whistleblower law in the works

Cayman Islands Deputy Governor Franz Manderson said Wednesday (9) the Attorney General is drafting ‘stand alone’ whistleblower legislation and it is being progressed as quickly as possible.

Manderson made the announcement following a motion made on the floor of the Legislative Assembly by North Side MLA Ezzard Miller.  He asked for legislative approval for the swift implementation of all recommendations contained in Complaints Commissioner Nicola Williams recent report on the subject.

However, 11 of the 12 government members opposed the motion with the 12th (Bodden Town MLA Alva Suckoo) abstaining.

Despite this Manderson confirmed the legislation was still going to be processed.

Cuba probes mobile data leak in ZunZuneo case

By Andrea Rodriguez From Boston.com

HAVANA (AP) — Cuba’s government said Wednesday it has launched a probe into how hundreds of thousands of customer cellphone numbers fell into the hands of a U.S. government program that used them to secretly set up a mobile-based, Twitter-like social network on the island.

An Associated Press investigation revealed last week that the U.S. Agency for International Development program used the data to build a subscriber base for the platform, dubbed ZunZuneo, with the idea that it could be used to stir unrest.

Cuba considers such USAID programs to be subversive attempts to topple its Communist-run government. Officials told reporters that state telecom Etecsa had not provided the data to any international operator or entity, and that the information was obtained illegally.

‘‘An investigation is being held into how this may have gotten out,’’ said Daniel Ramos, head of security operations for Etecsa. He did not give details on the probe’s progress or any measures that may be taken.

Washington officials have defended the ZunZuneo program as consistent with U.S. law and described it as ‘‘discreet,’’ rather than covert or classified. Rep. Ileana Ros-Lehtinen, a Cuban-born Republican from Florida, called U.S.-led democracy efforts in Cuba ‘‘transparent’’ and ‘‘one of the most scrutinized programs in our foreign aid portfolio.’’

Ramos said Etecsa detected bulk messages being sent during the ZunZuneo project starting in September 2009 during a concert by Colombian singer Juanes, and again in early 2010.

The company complained to 200 foreign telecoms that had messaging agreements with Etecsa, and threatened to sever relationships if it continued.

Nonetheless ZunZuneo continued to operate until 2012 and built a base of tens of thousands of users before abruptly disappearing.

For more: http://www.boston.com/news/world/caribbean/2014/04/09/cuba-probes-mobile-data-leak-zunzuneo-case/oWcem2TOJCOjeCLMZPOa3I/story.html

Jamaica’s Fraser-Pryce withdraws from athletic events on medical advice

From Zee News India

Kingston (Jamaica): Celebrated Jamaican sprinter Shelly-Ann Fraser-Pryce has been forced to withdraw from two major athletic meets on medical advice.

Fraser-Pryce was instructed to rest for two weeks by her medical team and will miss the UTech Classic at the National Stadium Saturday as well as the upcoming Penn Relays in Pennsylvania in the United States, reports CMC.

“Yes, the medical team has instructed her to take two weeks` rest. She will miss the UTech Classic and the Penn Relays,” said Bruce James, president of MVP track and field club.

“However, she will be back for the Jamaica International Invitational meet in May.”

The 27-year-old Fraser-Pryce rose to prominence in the 2008 Olympics, when at 21 years old, she became the first Caribbean woman to win 100m gold at the Games.

In 2012, she successfully defended her title, becoming the third woman to win two consecutive 100m events at the Olympic Games.

Last year, she became the first female sprinter to win gold medals in the 100m, 200m and 4x100m in a single World Championships.

For more: http://zeenews.india.com/sports/others/shelly-ann-fraser-pryce-withdraws-from-athletic-events-on-medical-advice_784740.html

US Feds Develop Caribbean Narcotics Strategy

From St John Source

President Barack Obama’s Office of National Drug Control Policy has developed a biennial “Caribbean Border Counter-Narcotics Strategy,” a move welcomed and praised by Delegate Donna M. Christensen in a statement Wednesday.

Christensen said the strategy is a “direct result of my many years of work on the Homeland Security Committee and with Puerto Rico Resident Commissioner Pedro Pierluisi which has resulted in law that mandates its development.” By law, the Office of National Drug Control Policy must submit the strategy by May 17, 2014, Christensen said.

Christensen and her Puerto Rico counterpart, Resident Commissioner Pedro Pierluisi testified before the House Homeland Security Committee in 2012 decrying the lack of a Caribbean strategy and asked for the increased deployment of federal assets to stem the tide of drug trafficking and gun violence that has bloated the murder rate in the U.S. Caribbean territories in the last several years.

“I want to thank Resident Commissioner Pierluisi, who is a former prosecutor, for his work in getting the legislation that mandates the strategy passed and signed into law,” Christensen said.

The Caribbean Border Counter-Narcotics Strategy, signed into law by President Obama Jan. 17, requires the Office of National Drug Control Policy to develop a Caribbean border strategy akin to that of the southwest border and the northern border, according to Christensen.

For more: http://stjohnsource.com/content/news/local-news/2014/04/10/feds-develop-caribbean-narcotics-strategy

Cayman Islands Maritime Authority is not making a loss of $7M says Minister

Ezzard Miller, Independent MLA for North Side, said in the Cayman Islands legislative Assembly on Wednesday (9) his review of government financial records over the past five years indicated Cayman’s Maritime Authority had sustained an operating loss of about $1.3M. He added if you combined that with government subsidies to the authority this amounted to a net loss of more than $7M between 2009 and 2013.

Financial Services Minister, Wayne Panton, disputed this. He said government had not subsidised the Maritime Authority but had paid for services rendered.  He also claimed any loss shown could not be taken at just its face value. You have to look at indirect values too, as they “can be considerably greater.”

Announcement and Call for Papers: 67th Gulf and Caribbean Fisheries Institute Conference

The 67th Annual meeting of the Gulf and Caribbean Fisheries Institute will be held in Barbados, during 3–7 November 2014 at the Accra Beach Hotel and Spa. The meeting is being hosted by the Centre for Resource Management and Environmental Studies (CERMES), of The University of the West Indies (UWI), Cave Hill Campus, Barbados.

The theme of the 67th GCFI conference is “Small islands, big issues: applying fisheries and marine science to solve problems and create opportunities.” The United Nations General Assembly has designated 2014 as the “International Year of Small Island Developing States (SIDS)” or IYOS. The SIDS process started in 1994 with the UN Global Conference on the Sustainable Development of SIDS held in Barbados. This resulted in the Barbados Programme of Action for the Sustainable Development of SIDS (BPOA) that identifies priorities for addressing the special challenges faced by SIDS. Coastal and marine resources feature prominently in the BPOA and the Caribbean region contains the largest number of SIDS.

In 2014 the 67th GCFI in Barbados will focus on applying fisheries and marine science to solve problems and create opportunities in SIDS and larger countries. The emphasis will be on practical, interdisciplinary and ecosystem-based approaches to science and how these can make a difference in both conservation and development. Addressing the issues of connectivity, fisheries management, conservation, and related issues at GCFI will aid in addressing critical marine resource issues within the Wider Caribbean Region

For full details, please see the attached PDF or the conference website below.

For more information: http://www.gcfi.org/Conferences/67th/Barbados_en.html

Download supplementary PDF:  67th GCFI First announcement.pdf at: http://openchannels.org/sites/default/files/67th%20GCFI%20First%20announcement.pdf

Cayman College wants to raise its fees because of  ‘sword of Damocles’

The University College of the Cayman Islands (UCCI) must increase its tuition fees to help deal with a mounting financial crisis said its President Roy Bodden.

Citing the “fiasco” surrounding former UCCI President Hassan Syed’s alleged theft [estimated between $300,000 – $400,000] he said the university had never recovered from it. He also blamed the refusal of successive government to sanction an increase in fees to help the lack of funds that was like a “sword of Damocles” hanging over the university.

He pointed to the dilapidated campus, “crumbling” classroom ceilings and buildings in keeping with a “Third World backwater.”

See “Annual Report of The President on the work of The University College Of The Cayman Islands (“UCCI”) for the Academic Year September 2012 – July 2013” published today on iNews Cayman.

Ybrant Digital Ltd approves consolidation of some subsidiaries

The Board of Directors of Ybrant Digital Ltd at its Meeting held on April 09, 2014, has considered and approved the consolidation of the Business operations of some of its subsidiaries to its new subsidiary – Ybrant Digital Cayman Limited (YDCL).

The Board has delegated necessary powers to the Board of YDCL.

Shares of Ybrant Digital Limited was last trading in BSE at Rs.15.95 as compared to the previous close of Rs. 15.2. The total number of shares traded during the day was 1758615 in over 1000 trades.

The stock hit an intraday high of Rs. 15.95 and intraday low of 15.3. The net turnover during the day was Rs. 27937402.

Cruise line suspends calls to Caribbean island after crew member killed

From Travel Mole

Norwegian Cruise Line has cancelled stops in Roatan, Honduras this week after a crew member from the Norwegian Pearl was killed during an attempted robbery.

“In an abundance of caution for our guests and crew, we have cancelled calls to Roatan this week for Norwegian Dawn and Norwegian Jewel,” the line said on its Facebook page, adding that a suspect is in local police custody.

“Our thoughts and prayers are with the family and friends of the crew member.”

The Norwegian Pearl was the only ship in port on Sunday, April 6, the day of the attack.

Other cruise ships due in Roatan this week include the Caribbean Princess, Royal Caribbean’s Navigator of the Seas and Carnival ships Liberty, Legend and Conquest.

Royal Caribbean spokeswomen Cynthia Martinez said: “We are working closely with the Honduran government to improve security.”

There are no immediate plans to cancel or change or port calls, she said.

Earlier this year, a family from the Carnival Conquest was robbed at gunpoint in the town during a shore excursion and Carnival now issues information sheets to cruisers offering advice and safety tips.

The UK Foreign Office has not amended its advice for travel to Honduras following the incident on Sunday, but it says on its travel advisory website: “There are high levels of violent crime and visitors should exercise a high degree of caution.”

The US State Department issued a travel warning in December for US visitors.

It noted that resort areas such as Roatan have lower crime levels than the mainland but are “still high by international standards,” it said.

For more: http://www.travelmole.com/news_feature.php?news_id=2011050&c=setreg&region=2

Cayman’s schools raise money for autism awareness

A ‘Light it up Blue’ campaign centered on raising awareness of autism as an initiative for the Special Needs Foundation Cayman Islands.

Students from Hope Academy took part by dressing in blue and managed to raise $200 for the Foundation.

Competitions were carried out that included running, bluest faces, the person with the most blue, and the collective class with the most blue.

Another Cayman school, the Truth for Youth, also raised $127 for the Special Needs Foundation.

Moody’s assigns definitive Ba3 to BCP (Singapore) VI Cayman Financing Co. Ltd. Global Credit Research – 09 Apr 2014

Hong Kong, April 09, 2014 — Moody’s Investors Service has assigned a definitive Ba3 corporate family rating to Pactera Technology International Ltd. Moody’s has also assigned a definitive Ba3 rating to BCP (Singapore) VI Cayman Financing Co. Ltd.’s $275 million, 8.0%, 7-year senior secured notes, due April 15, 2021. The notes are guaranteed by Pactera and BCP (Singapore) VI Cayman Acquisitions Co. Ltd. (unrated).

The outlook for the ratings is stable.

RATINGS RATIONALE

Moody’s definitive rating on this debt obligation follows BCP (Singapore) VI Cayman Financing Co. Ltd. ‘s completion of its USD note issuance, the final terms and conditions of which are consistent with Moody’s expectations.

The provisional rating was assigned on March 12, 2014, and Moody’s ratings rationale was set out in a press release published on the same day.

The proceeds from the bond issuance will be used to fund the privatization of Pactera.

The principal methodology used in these ratings was the Global Business & Consumer Service Industry Rating Methodology published in October 2010. Please see the Credit Policy page on www.moodys.com for a copy of this methodology.

For more: https://www.moodys.com/research/Moodys-assigns-definitive-Ba3-to-BCP-Singapore-VI-Cayman-Financing–PR_296716

Cayman Government reports full-year financials with disclaimer

Even though this was the first time since 2004 government has reported a full-year set of financial statements encompassing all public sector entities, the report for the 2010-11 budget year has been given a “disclaimer of opinion.

This means accountants, after examining the report, cannot verify how the money was spent.

Reasons for the disclaimer included lack of sufficient and appropriate evidence of government assets, liabilities, revenues and expenses.

The report should have been made public from December 14th 2011 Finace Minister Marco Archer said.

Cayman MD, arrested and jailed for alleged money laundering, bailed

Eric St-Cyr, Managing Director of Cayman Islands company Clover Asset Management, who was arrested in the USA along with Clover employee Joshua Vandyk charged with money laundering is out on bail.

St-Cyr, a Canadian national, handed over his passport and posted a $2 million bond secured by his property in the Cayman Islands and a $300,000 deposit.

Both he and Vandyk have pleaded ‘Not guilty’ to the charges.

Lawyer for the company, Patrick Poulin, who is based in Turks & Caicos, who was also charged along with St-Cyr and Vandyk is awaiting his hearing.

Legal wrangling over ownership of Bob Marley songs

From Jamaica Observer

MANILA, Philippines –– Two music companies are preparing for a legal battle over Bob Marley’s songs.

Chris Blackwell’s Blue Mountain Music is set to defend their alleged misattribution, and diversion of income, among other things, in an attempt to retrieve ‘No Woman, No Cry’ and other songs against plaintiff Cayman Music.

According to a release sent by Judy Totton Publicity the landmark trial is set to commence on May 12.

Cayman Music is the original, long-standing publisher for Bob Marley, one of the most successful reggae artistes of all time.

They represented his catalogue from 1967 to late 1976.

The defendants are the publishing arm of Island Records and sometime publisher of Bob Marley titles, from the mid-1970s to his death in May 1981.

Both publishers retain some of Marley’s work. Plaintiff Cayman Music was the publisher at the time the song was written but it was attributed to Vincent Ford, in an alleged “misattribution”.

The move denied Cayman Music of its rights and income, under the then current music publishing agreement with Bob Marley.

This “misattribution” action was confirmed by Blackwell during his trial evidence in the Aston ‘Family Man’ Barrett trial in London, some years ago.

It is common ground between the disputing parties that the songs (including No Woman, No Cry), were actually written by Bob Marley but the music publisher’s share was never credited to Cayman Music, who have been denied their contracted entitlement for more than 40 years.

Additionally, the named writers such as Vincent Ford were supposed to receive the performance income, derived from the “misattributed” songs, but, seemingly, have never done so, with an attendant loss of hundreds of thousands, or even millions, of pounds.

For more: http://www.jamaicaobserver.com/latestnews/Legal-wrangling-over-ownership-of-Bob-Marley-songs

Cayman’s women’s footballers in Group 3 of CFU Caribbean Cup

The Cayman Islands Women’s National Team will be in Group 3 that includes host Turks & Caicos at the Caribbean Football Union (CFU) Club Championship.

Group 3 play is slated for 21-28 May.

Please see attachment for all groups and teams.

Cayman will have to win its group to go forward.2014 Women s Caribbean Cup Groups-page-001

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