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Day: May 2, 2013

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O2Micro Reports First Quarter 2013 Financial Results

GEORGE TOWN, Grand Cayman, May 1, 2013 (GLOBE NEWSWIRE) — O(2) Micro(R) International Limited (Nasdaq:OIIM), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, reported its financial results today for the first quarter of…

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Billionaire’s decades of profits spirited away [to Cayman?]

By Mark Baker, Editor-at-Large, The Age – From The Sydney Morning Herald Glamorous property deals and harbourside mansions reaped nothing for the taxpayer. One of Asia’s richest tycoons has avoided tax on tens of millions of dollars in profits from…

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Toco Boys’ fifth in NORCECA tourney

By Shammi Kowlessar, Trinidad Express Daneil Williams and Simon Blake improved again when the NORCECA (North, Central America and the Caribbean) Beach Volleyball Tour continued last weekend in Guatemala. After finishing 11th in the opening leg in the Cayman Islands…

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More questions for 1MDB

By P Gunasegaram, malaysiakini QUESTION TIME So far, strategic development company, 1Malaysia Development Bhd or 1MDB has released two statement which attempt to answer many questions raised in two series of articles in KiniBiz and reports in other publications, as…

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Managing Partners suspends redemptions to life policy fund

From Products By: Helen Burggraf – International Adviser Managing Partners Ltd, a Cayman Islands-registered asset manager, has revealed that it “imposed a redemption gate” on its Traded Policies Fund last month, becoming the latest traded life policy fund manager to…

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Former MLA and founding UDP member found guilty of theft

Lyndon Leathan Martin (42), was found guilty of stealing $926 from the Parent Teachers Association (PTA) of the Creek and Spot Bay Primary School at a fundraising food sale in 2011. In Summary Court on Cayman Brac, Martin was found…

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Why US companies are drooling over Israel’s amazing startup scene

Julie Bort, provided by Business Insider from San Francisco Chronicle U.S. companies and investors are falling over themselves to get a piece of Israel’s startup action these days. There are at least two dozen accelerator programs in the Tel Aviv…

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David Cameron urges EU crackdown on tax evasion

By Bruno Waterfield, Brussels From UK Daily Telegraph David Cameron has written to European Union leaders demanding measures to tackle “staggering” levels of tax evasion that are damaging the revenues of governments at time of economic recession. In the letter,…

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3SBio Inc. announces Extraordinary General Meeting of Shareholders

SHENYANG, China, May 2, 2013 — /PRNewswire/ — 3SBio Inc. (NASDAQ: SSRX) (“3SBio” or the “Company”), a leading China-based biotechnology company focused on researching, developing, manufacturing, and marketing biopharmaceutical products, today announced that its extraordinary general meeting of shareholders (the…