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New weather insurance policy may protect the 'small man'

jamaica hurricane sandyA new weather insurance policy could strengthen low-income earners' ability to access loans. Livelihood Protection Policy (LPP), launched under the programme 'Climate Risk Adaptation and Insurance in the Caribbean', provides coverage for loss of income due to weather events. The policy is credited with protecting the livelihood of low-income, vulnerable persons against peril.

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Jamaican dollar (JMD) performance blamed on US Fed policy

JadollarBankingMuch of the blame for the depreciation of the Jamaican dollar can be laid squarely at the door of the United States, thanks to the knock-on effect from a decision taken back in May by Ben Bernanke, chairman of the US Federal Reserve, according to a UK-based financial expert.

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Cayman Island Government signs up for disclosure

Alden McLaughlin Cayman-450x350(CNS): The Cayman Islands government announced on Friday evening that it would commit to the Convention on Mutual Administrative Assistance in Tax Matters, further pushing out the boundaries of transparency in the offshore sector. After considerable pressure from the UK government in particular and in the face of growing international pressure for openness, transparency and automatic exchange of information between countries in connection with tax matters and beneficial ownership, Cayman is one of the first overseas territories to follow the crown dependencies in its decision to truly lift the lid on the offshore financial world.

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Remittances decline; Remitters’ Association points to decreased access to banking services

Leesa-Kow-2012The Jamaica Money Remitters’ Association (JMRA) is pointing to a composite of factors, including security measures by its member organisations to reduce fraud and decreased access to banking services overseas as factors for the decline in remittances to Jamaica since the start of the year.

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CAYMAN - CIMA agrees ESMA MOUs

alden mclaughlin 2(CNS): In order to ensure that Cayman-based funds can continue to be marketed in the European Union, the country’s regulator has confirmed its intention to sign Memoranda of Understanding with member organisations of the European Securities and Markets Authority (ESMA).

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St. Kitts and Nevis slashes national debt in half, says PM Douglas

ECCB2BASSETERRE, St. Kitts, 17th July 2013 – St. Kitts and Nevis has reduced its national debt in half. Prime Minister and Minister of Finance, Dr. Denzil L. Douglas told hundreds of party supporters on Friday that the national debt has been reduced from 200 percent to 100 percent and his Labour Party Administration is now prepared to move the country forward in the transformation of the economy.

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EU, China have 'much to lose' in case of trade war

solarpanelsAFP - The latest tit-for-tat EU-China trade disputes could signal worse to come but both sides have a lot to lose if things get out of hand and harm the much-needed economic growth they seek, analysts said.

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FATCA delay offers some breathing room

mikelavemanThe Internal Revenue Service’s decision to modify the timelines for withholding agents and foreign banks to comply with the stiff new due diligence requirements under the Foreign Account Tax Compliance Act is providing them, as well as taxpayers and preparers, with some welcome relief.

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Caribbean Airlines (CAL) Board Fired

Philip-Marshall-Larry-HowaiPort of Spain, Trinidad, May 18, 2013 - FORMER Independent Senator and current Director of the Strategic Management Office of the Ministry of Finance and the Economy, Phillip Marshall, has been appointed Chairman of Caribbean Airlines Limited.

 

 

 

 

 

 

 

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Arthur tells Stuart to take charge of the economy

arthurplanstostay-300x194Fire Chris Sinckler and take on the Ministry of Finance yourself! That was the advice of former Prime Minister Owen Arthur to the current office holder, Freundel Stuart, following yesterday’s economic report by Governor of the Central Bank of Barbados, Dr. Delisle Worrell.

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Air Jamaica not to blame for CAL’s losses says Dennis Lalor

Dennis-LalorThe only Caribbean Airlines (CAL) director who wasn’t fired from the board yesterday says he’s very concerned about the financial health of the national carrier.

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Stuart outlines growth strategy for Barbados

pmstuartanddelisleworrellA new strategy to fix the Barbados economy and spur growth is threatening Government’ pledge not to send home public servants. But even if the Freundel Stuart Administration sticks to its guns and says no to civil service retrenchment, it “will have to” enforce $233.7 million in cuts in public sector pay, money spent on goods and services, and funding to state agencies and statutory bodies.

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A Pogrom of Offshore Companies, or Operation «Offshore Leaks»

US dollarsFrom the beginning of April this year, the subject of «Offshore leaks» has become a favourite with the world's media. Even the issue of Cyprus has paled in significance. Loosely speaking, «Offshore leaks» can be defined as the leakage of sensitive information about offshore companies and their clients.

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Retailers say social media impacting business

social media graphAsked which technology-related trends are having a significant impact on their business, a leading 71% of retailers pointed to social media, with a majority also citing mobile/online shopping (52%) and mobile/online promotions and coupons (51%) as significant influences, per results [pdf] from a KPMG survey.

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UK hunts offshore tax cheats

HMRC-006The UK’s revenue and customs office is on the trail of hundreds of wealthy individuals and companies as well as their accountants and lawyers who they believe are using complex offshore structures to conceal assets from the tax man.

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Court reserves judgment in case involving Caribbean Airlines

KINGSTON, Jamaica- The Judicial Review Court has reserved judgement in an application seeking to quash an order of the Director of Public cal tailProsecutions (DPP) preventing an attorney from prosecuting her former employer, the Trinidad-based Caribbean Airlines (CAL).

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St. Kitts and Nevis’ medical education industry praised

george tsibouris imfBASSETERRE, St. Kitts, 9th May 2013– A prominent International Monetary Fund (IMF) official has described as successful, St. Kitts and Nevis’ medical education industry.

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Mendel: Go all the way with sanctions against the US

Mark-Mendel-380ST JOHN’S, Antigua – Antigua & Barbuda must move full speed ahead towards suspending United States intellectual property rights, if there is to be any hope in reaching a settlement in the decade long gaming dispute.

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CAL expects to break even on PoS-London route this year

Rabindra-MoonanPORT OF SPAIN, Trinidad , May 9, 2013 - Caribbean Airlines (CAL) expects to break even on its London route sometime this year, the company’s chairman Rabindra Moonan said yesterday.

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Suriname company buys Gulf Insurance

Gulf-InsurancePORT OF SPAIN , Trininidad, May 10, 2013 - Local insurance company Gulf Insurance Co Ltd is now officially part of Suriname’s largest insurance group Assuria. 

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Last Chance To Exhibit, Advertise At Invest Caribbean Now

Invest CaribbeanCaribPR Wire, NEW YORK, NY, May 4, 2013: The deadline for exhibitors and advertisers to sign up for the AvalonInvest Caribbean Now 2013 forum is drawing to a close and so is the opportunity to reach and do business with almost a dozen Caribbean governments, investors and high net worth delegates.

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