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Day: April 10, 2016

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Panama Papers: The secret state of Delaware

By Lucy Clarke-Billings From Newsweek When conjuring up a picture of a tax haven, one generally imagines a faraway, zero-tax, Caribbean land like the Cayman Islands or Bermuda. President Obama has criticized offshore jurisdictions like these and citing the Panama…

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Cayman Islands thrive on amateur spirit despite defeats

By Alex Jenkins from South China Morning Post Caribbean outfit lose to Hong Kong and Zimbabwe but are richer for their first experience in a big tournament The all-amateur Cayman Islands team experienced a baptism of fire on the first day…

PAC: 1MDB directors repeatedly given inaccurate info

From The Star Online PETALING JAYA: The 1Malaysia Development Bhd board of directors was repeatedly given inaccurate information by the management of the government investment arm, said the Public Accounts Committee. Among the instances highlighted by the PAC in its…

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Deficit of hope

By D. Markie Spring From Caribbean News Now Despite its many challenges, the Earth is a perfect place! The number one reason for such claim is, the Earth was created by the perfect Being – God, the omnificent, the One…

Recipe of the week

Recipe: Mindy Segal’s Banana Nilla Cookies FROM THE KITCHN When we have overripe bananas at my restaurant, HotChocolate, we cook them down and make a purée, which we then use in cakes, sherbet, or frosting — like I do here….

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Vantage Drilling International and Vantage Drilling Company – Here’s what you need to know

Gy Fun Trading From Seeking Alpha Vantage Drilling International is the new name for Vantage Drilling after emerging from bankruptcy on February 11, 2016. VTGDF sold all its assets to Vantage Drilling International and got a $61.477 million promissory note…

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IDB annual assembly focuses on role of private sector, clean energy

EFE From Fox News Latino The role of the private sector, the need for clean energy and the threat of climate change were the leading topics during a day of conferences Friday at the Inter-American Development Bank’s annual assembly in…

A mid-winter reboot in the Cayman Islands

By Simone Olivero From Yahoo News The water in Cayman has this way of making you instantly relax. Maybe it’s the vibrancy of the colours, which make it feel like an Instagram filter come to life, or simply that it’s…

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UK: Banks told to declare links to Panama Papers law firm by next week

By Jill Treanor, Rowena Mason and Juliette Garside Financial Conduct Authority sets financial firms deadline to check if they have links to Mossack Fonseca Banks and financial firms have been told to hand over any information about their dealings with the…

UK: Cameron: third off-shore investment fund linked to father [maybe links to Cayman Islands]

From Channel 4 News UK Channel 4 News has uncovered a third off-shore investment fund linked to Prime Minister David Cameron’s father, Ian Cameron. The fund, based in the tax haven of Jersey, was called PMG Eagle Fund Limited and…