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Day: May 7, 2013

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Santos Laguna awarded special recognition from CONCACAF President Jeffrey Webb

Team’s Actions following the CONCACAF Champions League Final Exemplified Spirit of Fair Play MIAMI (Tuesday, May 7, 2013) – The Confederation of North, Central America and Caribbean Association Football (CONCACAF) today announced the decision of President Jeffrey Webb to recognize…

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British Virgin Islands: Segregated Portfolio Companies

Article by Louise Groom and Sean Scott, Harneys Any Cayman Islands exempted company (the most common Cayman corporate vehicle limited by shares), including those to be established as funds, may be registered as a segregated portfolio company (an SPC). Registration…

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HSBC Private Banking Logs Pre-Tax Loss In First Quarter

By Ainhoa Barcelona, Reporter in London, Wealth Briefing The private banking segment of HSBC recorded a pre-tax loss of $125 million in the first three months of 2013, a sharp decline compared to its profit of $286 million from a…

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Obama’s modest proposal to cap retirement entitlements

By Fred Hiatt, Published: The Washington Post When Republican presidential candidate Mitt Romney admitted to keeping assets in the Cayman Islands, money managers for the wealthy were not surprised. When it emerged that he had paid taxes at a lower…

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Webb chairs first FIFA Anti-Discrimination Task Force meeting

Members discuss stronger and consistent sanctions against acts of discrimination and racism The newly created FIFA Task Force Against Racism and Discrimination held its first meeting today at the Home of FIFA in Zürich. The session focused the debate on…

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What’s a Kentucky Derby win worth?

From The Financialist The Kentucky Derby, held in Louisville, Ky., is the most famous horse race in the world and has been called the most exciting two minutes in sports. Its winners, including Secretariat, Seattle Slew and Affirmed, rank among…

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Syria crisis: UN peacekeepers seized on Golan Heights

Four Filipino UN peacekeepers have been abducted by armed men while patrolling in the demilitarised area between Syria and the Israeli-occupied Golan Heights. UN spokesmen said efforts were “under way to secure their release now”. A Syrian rebel group, the…

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Economic Surveys deadline

The 2013 round of annual surveys that measure economic activity in the Cayman Islands officially ends on May 10th, 2013. Economics and Statistics Office (ESO) staff distributed some 3,400 forms locally to businesses, non-profit institutions and government organisations in the…