High end smart phone woes/InCapS AM Best rating
Things are about to get even uglier for the high-end smartphone market By Tero Kuittinen From BGR As it happens, Samsung issued a warning about its upcoming quarterly earnings literally hours before Walmart’s decision to discount the iPhone 5c to…
The new Bank of BRICS: What’s in it for small economies?
By Sir Ronald Sanders From Huntington News It is news that should awaken the World Bank and the International Monetary Fund (IMF) from their complacent attitude toward developing countries. It is also news that should confirm to the G20 that…
1 Million USD awarded by IDB towards increasing foreign direct investment into Caribbean
From Caribbean Export Development Agency The Caribbean Association of Investment Promotion Agencies (CAIPA) has been awarded $1 Million USD by the Inter-America Development Bank (IDB) under a Regional Public Goods (RPG) Programme to execute a number of projects over the…
Payments cards are getting a technology upgrade — and it’s bad news for online retailers
By John Heggestuen From Business Insider In the U.S., most consumers and merchants will soon need to switch over to the ‘chip card’ standard, otherwise known as EMV. It’s a technology most recognizable as a chip on payment cards, which…
A Guide to the Cyprus Holding Company Regime
From Harneys A Cyprus holding company can achieve low or zero withholding tax rates when extracting dividends from underlying subsidiaries by relying either on its double tax treaty network, or on the Parent/Subsidiary Directive. Why set up a holding company?…
Barbados solid waste tax payment deadline extended
From Caribbean360 BRIDGETOWN, Barbados, Friday July 18, 2014, CMC – Government has waived all payments of the Barbados Municipal Solid Waste Tax for pensioners with property valued under BDS$190,000 (One BDS dollar = 50 US cents) and pushed back the…
Meridian Capital International Fund announces short-term financing for Caspian Energy Inc.
GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS, July 18, 2014 /CNW/ – Meridian Capital International Fund (“Meridian”) announced today that US$1.5 million has been advanced to Caspian Energy Inc. (“Caspian”) under a loan agreement (the “Loan Agreement”) dated July 7th, 2014…
Overseas tax holiday to Dutch Caribbean under the Free Movement of Capital spoiled by CJEU in TBG Limited-Case
By Wessel Geursen From European Law Blog The free movement of capital provision of Art. 63 TFEU applies ratione loci ‘worldwide’: to both capital movements within EU’s internal market and to movements from the internal market to third countries (and…
Investment oversight provider Enhance announce opening of new office in the Cayman Islands
Enhance, a leading provider of investment oversight services in the fiduciary sector, is delighted to announce the opening of their new office in the Cayman Islands. The decision to open the office in the Cayman Islands was taken due to…
MaplesFS clients continue to support The Pines with generous donation
Grand Cayman, Cayman Islands (16 July 2014): The MaplesFS Community Service Committee on behalf of MaplesFS clients recently donated more than US$450,000 to The Pines Retirement Home in aid of ongoing enhancements to the organisation’s new residential facility, which officially…
