Trinidad and Tobago vulnerable to energy price decline – IMF
From Caribbean360 WASHINGTON D.C., United States, CMC – The International Monetary Fund (IMF) Wednesday warned that Trinidad and Tobago remains vulnerable to a decline in energy prices, and called for structural reforms to diversify the economy and improve its growth…
National Internship Programme celebrates first Intern
The National Workforce Development Agency’s Training and Development Unit launched its National Internship Programme earlier this year as they partnered with on island active investment fund manager, Prosperity Capital Management Ltd. Managing circa USD3.1billion and with its head office in…
[Cayman] Gems unit faces $200 million lawsuit from US developer
By Sananda Sahoo A New York property developer is suing a unit of Dubai’s Gems Education for allegedly breaching a tenancy contract in a US$1 billion deal to construct and lease its first school in the city. 93-94 Second Development…
Venezuela’s airport ‘breathing’ tax/United cuts flights to Venezuela
Venezuela’s airport ‘breathing’ tax By Daniel Pardo From BBC Trending Passengers at Maiquetia International Airport “That will be $20 ‘breathing’ tax please” The biggest international airport in Venezuela is charging a fee for the right to inhale clean air –…
This cognitive bias explains why you keep putting off saving money
By Libby Kane From Business Insider Why is it so hard to save for retirement? If you really don’t have a surplus cent, that’s one thing. But many of us do have money to spare, so our avoidance of this…
Caribbean-based lawyer pleads guilty in laundering sting [Cayman Islands]
By David Voreacos From Bloomberg A Caribbean-based lawyer charged in a sting operation pleaded guilty to helping launder what he was told were proceeds of a bank fraud designed to hide $2 million from U.S. tax officials, according to the…
Limit on contracts for inverted companies wins in house [Cayman named]
By Derek Wallbank and Richard Rubin From Bloomberg The U.S. House of Representatives voted today to prevent companies that moved from the U.S. to Bermuda or the Cayman Islands from winning some federal contracts. The 221-200 tally, with 34 Republicans…
American Capital Ltd. builds on its best business
By Jordan Wathen | From The Motley Fool NOTE: Click on attachments to enlarge The oddball BDC, American Capital (NASDAQ: ACAS ), is getting some respect for what it does well: investing in collateralized loan obligations. The company calls this…
RBC Children’s Cancer Fund gets new Administrator
Port-of-Spain, Trinidad, Friday July 11, 2014: RBC continues its fight against pediatric cancer in the Caribbean through a new partnership with The Trinidad and Tobago Cancer Society (TTCS). The bank signed a Memorandum of Understanding with the non-profit organization on…
Is Delaware a tax haven? Maybe
By Sheldon Pollack From Delaware online In recent years, the United States has campaigned against international “tax havens” that assist multinational corporations in reducing their U.S tax liabilities. This is accomplished by shifting U.S. profits to a low-tax jurisdiction such…
