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PLP & OBA Continue To Debate Term Limit Policy following Cayman Islands report

Shadow Finance Minister Bob Richards and the Progressive Labour Party continue to verbally spar over term limits, following a recent report from the Cayman Islands about the impact term limits had on their business growth. “The flak gets heaviest when…

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Syrian Pilot Defects to Jordan With Plane

A Syrian air force pilot on a training mission flew into neighboring Jordan and defected with his Russian-made fighter jet, Jordanian and Syrian officials said, the first such incident during the nearly 15-month-old uprising. The defection happened as more deadly…

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Euro 2012: Quarter Finals – Czech Rep 0 Portugal 1

Cristiano Ronaldo capped a magnificent display with the match-winning goal as Portugal powered past Czech Republic and into the semi-finals of Euro 2012. Ronaldo, who scored twice against the Netherlands, hit the woodwork in each half with fine strikes. And…

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Consolidated Water Co. Ltd. to Expand Retail Water Operations With Bahamas Joint Venture

Consolidated Water Co. Ltd. CWCO -1.49% , which develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent, today announced that it has formed…

iWorld News News

Court convicts Umar Patek over Bali bombing

THE last member of the 2002 Bali bombing plot to face justice has been sentenced to 20 years in prison after a panel of judges found him guilty of mass murder for his role in Indonesia’s deadliest terrorist attack. Umar…

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Moody’s downgrades 15 major banks

The credit ratings agency Moody’s has downgraded 15 banks and financial institutions. UK banks downgraded include Royal Bank of Scotland, Barclays and HSBC. In the US, Bank of America, Citigroup, Goldman Sachs and JP Morgan are among those marked down….

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Jamaican OCG now in Possession of Legal Opinion from Queen’s Counsel confirming validity of OCG’s Positions on Independent Oversight Panel (IOP)

The Office of the Contractor General (OCG) is now in possession of a formal written Independent Legal Opinion, from eminent Queen’s Counsel, Jacqueline Samuels-Brown, which supports the legal validity of the OCG’s contentions regarding the Government’s Independent Oversight Panel (IOP)….

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Manny Pacquiao wins WBO review after defeat by Timothy Bradley

Manny Pacquiao has won a WBO review into his split-decision defeat by Timothy Bradley earlier this month. On the night two judges scored the bout 115-113 in the American’s favour, prompting boos around the MGM Grand. The WBO has now…

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Tingyl (Cayman Islands) issue $500 million bond

In a landmark deal for the Asian food and  beverages sector, China-based food producer Tingyl (Cayman Islands) Holdings Corp (Tingyl) has, for the first time, issued a $500 million dollar bond at 3.875 percent notes due 2017. The notes are…