CCRIF Retains Sagicor as its Insurance Manager
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is pleased to announce the retention of Sagicor Insurance Managers Ltd. (Sagicor) as insurance manager for the Facility for the next three years, commencing June 1, 2012. CCRIF was launched in June 2007…
The Chinese Want to Replicate Guernsey’s Funds Sector
The Chinese government is so impressed by the way British island Guernsey regulates its hedge funds that it plans to replicate that system for its own funds sector. Investment Europe reported that the Shanghai Municipal Services Office has enlisted Guernsey-based…
SEC Suspends China Medical ADR Trade on Info Accuracy
Trading of China Medical Technologies Inc. (CMEDY) (CMEDY)’s American depositary receipts was suspended by the U.S. Securities and Exchange Commission, which cited questions on the accuracy of the company’s information. The regulator ordered a temporary suspension in the Beijing-based medical…
Economic Prediction For TCI Period June To 31st March 2013
None of the British Overseas Territories in the Caribbean (Anguilla, Bermuda, British Virgin Islands, Cayman Islands or Montserrat) have Value Added Tax (VAT), so why is Turks and Caicos Islands (TCI) being unilaterally singled out for VAT? Cayman Islands (much…
“Obama: take a look at Delaware,” says Cayman Islands
Nothing about 1209 North Orange Street hints at the secrets inside. It’s a humdrum office building, a low-slung affair with a faded awning and a view of a parking garage. Hardly worth a second glance. If a first one. But…
Cayman Islands flag flies at Eland House
Communities Secretary Eric Pickles raised the flag of the Cayman Islands today outside the Department for Communities and Local Government in Whitehall, London, to mark the national day of the Islands, the first Monday of July, and as part of…
Supreme Court Keeps Health Care Law on Life Support
A Commentary By Scott Rasmussen The U.S. Supreme Court’s decision that President Obama’s health care law is constitutional keeps it alive for now. But it’s important to remember that the law has already lost in the court of public opinion….
Biden rips Romney on outsourcing, Swiss bank account and Cayman Islands investments
Resuming the mantle of attack dog, Vice President Joe Biden on Tuesday laced into Mitt Romney for allegedly outsourcing jobs while at Bain Capital and reviving the charge that Romney is out of touch because he once held a Swiss…
US Supreme Court upholds healthcare
The US Supreme Court has said President Barack Obama’s landmark healthcare reform act is constitutional. The court upheld a core requirement known as the “individual mandate” that Americans buy insurance or pay a fine. Of the nine justices on the…
Legislating Common Sense: Canada’s Lesson on Managing Growth
By Donovon Kellyman Just this week, Prime Minister Stephen Harper, Finance Minister Jim Flaherty, and Bank of Canada Governor Mark Carney announced plans that make it harder for Canadians to own a home. The average Canadian might not like the government’s plans, but…
