World Bank Group backs Latin America and the Caribbean’s efforts to boost growth and preserve social gains
Infrastructure, transportation, education and fiscal management were among top priorities supported by more than $10 billion last fiscal year WASHINGTON, July 2, 2014 – The World Bank Group (WBG) committed $10.2 billion in fiscal year 2014 (July 2013 to June…
RBL Capital provides $10MM credit facility to Net Element [financing by Cayman Invest]
From ABL Advisor Net Element, Inc., a technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States, completed the closing of a $10 million credit facility from the payments industry-leading lender, RBL…
Counting the cost – CLICO
By David Walker From Caribbean360 SCARBOROUGH, Tobago, Tuesday July 1, 2014 – Throughout this sorry CLICO / CLF saga, we have had great difficulty in extracting any meaningful financial information from those in charge, and who spend billions of our…
Bitcoin “not anonymous”, says digital currency security expert
From OffshoreAlert Contrary to popular belief, Bitcoin transactions are not anonymous and, in fact, are a “poor instrument” for laundering the proceeds of crime. “The ledger of all transactions is available forever,” says Nicolas Christin, Assistant Research Professor at Carnegie…
NBSC introduces e-Banking Services
In an effort to create increased and convenient alternatives to traditional banking, the National Building Society of Cayman will officially launch its new online banking portal on July 3, 2014. Live by NBSC, another distribution channel of the Building Society,…
Local foreign reserves at record high
By Aleem Khan From Guardian Media T&T’s net foreign reserves have hit a record high, RBC Caribbean Group Economist Marla Dukharan said in her latest RBC Caribbean Economic Report. She cited online data from the Central Bank which showed that…
$1.09m loss for Praetorian Property
From Guardian Media Praetorian Property Mutual Fund, a real estate investment trust incorporated in T&T, suffered a net loss of $1.09 million for the six months ended March 31, according to financial statements published yesterday. In the trustee’s report on…
BlockScore lands $2M in funding for making I.D. verification easier
By Catherine Shu From techcrunch In 2012, about 7 percent of all people aged 16 or older in the U.S. experienced identity theft, with their financial losses totaling $24.7 billion. Christopher Morton is familiar with the crime because in 2007,…
Coffee is about to get more expensive everywhere
By Danielle Wiener-Bronner, The Wire From Business Insider Months after we all started fretting over the prospect of a global coffee shortage, it seems we might actually start to feel the caffeine-related effects of Brazil’s massive drought and Central America’s…
Promoting Energy Security in the Caribbean
Written by White House Washington, DC – Energy security is a major challenge for the Caribbean. The region is largely dependent on relatively high-cost imported fuel and electricity. Small isolated economies and unattractive investment policies discourage investment necessary to build…
