News from Bermuda:
December 7, 2013
BRUSSELS, Belgium -- The Overseas Countries and Territories Association (OCTA) held its 12th ministerial conference in Brussels, Belgium, this week, where all 22 OCT political leaders gathered to support and approve the creation of a three-member board of chairs.
November 28, 2013
LONDON, England -- On Tuesday, UK ministers and overseas territory leaders met at the annual Overseas Territories Joint Ministerial Council in London and agreed an ambitious communiqué setting out steps to promote further opportunities for business, trade and investment in the territories.
November 28, 2013
JAKARTA, Indonesia -- At the recent annual meeting of the Global Forum in Jakarta, Indonesia, the Organisation for Economic Co-operation and Development (OECD) Multilateral Convention on Mutual Assistance on Tax and Administrative Matters was extended to seven British Territories.
November 14, 2013
NEW YORK, USA -- US District Judge Richard M. Berman of the Southern District of New York entered an order on Tuesday authorising the Internal Revenue Service (IRS) to issue summonses requiring five US banks -- Bank of New York Mellon, Citibank, Chase, HSBC and Bank of America...
November 12, 2013
NASSAU, Bahamas -- Head of The Bahamas Renewable Energy Association has called on the government to “stop delaying” advances in renewable energy generation in this nation, in response to a new report indicating that The Bahamas ranks 26th out of 27 countries in the region for its “progress and prospects”.
October 30, 2013
LONDON, England -- The government of Bermuda plans to become a leading Western destination for Islamic finance, building on its world-leading position in insurance and reinsurance. Craig Cannonier, premier of Bermuda, is attending the 9th World Islamic Economic Forum in London this week.
October 19, 2013
HAMILTON, Bermuda -- Bermuda’s asset management sector launched a high-level targeted business development roadshow in New York this week designed to attract asset management and fund business to Bermuda with an emphasis on the recent modernization of Bermuda’s...
October 4, 2013
BRIDGETOWN, Barbados -- A total of 15 Caribbean nationals are gaining a boost to their academic and professional pursuits with support from the Caribbean Tourism Organization (CTO)’s scholarship programme, the CTO Foundation. The Foundation has awarded over US$40,000 in...
September 24, 2013
HAMILTON, Bermuda -- The Catlin Seaview Survey, a pioneering scientific expedition revealing the state of the world's coral reefs, today announced the launch of the Catlin Global Reef Record, sponsored by international insurer Catlin Group Limited. The Catlin Global Reef Record is a first-of-its-kind global database.
September 13, 2013
LONDON, England -- Britain’s Prime Minister David Cameron has officially recognised that the Overseas Territories and Crown Dependencies operate “fair and open tax systems”. Speaking in the House of Commons, he said, "I do not think it is fair any longer to refer to any of the...
September 12, 2013
GIBRALTAR -- Leaders from Britain’s Overseas Territories (OTs), including Gibraltar, Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Falkland Islands, Montserrat, Pitcairn, Turks and Caicos, and St Helena met on Monday in Gibraltar in a planning meeting for the upcoming...
September 11, 2013
MIAMI, USA -- Tropical Storm Gabrielle strengthened on Tuesday afternoon as it approached Bermuda, where a tropical storm warning was in effect. According to the National Hurricane Center in Miami, at 5:00 pm EDT on Tuesday, the centre of Gabrielle was located by an Air Force Reserve...
September 10, 2013
MIAMI, USA -- Tropical Storm Gabrielle regenerated south of Bermuda on Tuesday morning and a tropical storm warning has been issued for the island, with storm conditions expected to arrive by late Tuesday night and continue into Wednesday. According to the National Hurricane Center...
September 4, 2013
HAMILTON, Bermuda -- The Bermuda government has responded to the island being listed, along with two other British territories, the British Virgin Islands and Jersey, as tax havens by France, meaning the three territories will be subject to tougher tax policies applied by the French government.
August 31, 2013
PARIS, France -- France has added Bermuda and the British Virgin Islands to its list of uncooperative tax havens. French tax law applies some of its harshest rates on investors from countries deemed to be uncooperative. France added the two territories to the blacklist, along with another British dependency, Jersey.
August 30, 2013
HAMILTON, Bermuda -- The Bermuda Business Development Corporation has welcomed the Bermuda Monetary Authority’s release of its updated new insurance company registration figures through July 2013, which indicated that 47 new insurers have been formed and registered...
August 27, 2013
ROAD TOWN, BVI -- International accounting and financial consulting firm Deloitte announced the merger of its Bermuda, British Virgin Islands and US Virgin Islands offices effective on Monday. The combination is said to bring enhanced services to clients and greater access to Deloitte...
August 5, 2013
PROVIDENCIALES, Turks and Caicos Islands -- A recent claim by a local weblog that former Turks and Caicos Islands (TCI) premier Michael Misick is in plea bargain negotiations with authorities in the US as well as in the TCI has created a stir not only in the TCI itself but in other British overseas territories.
August 1, 2013
HAMILTON, Bermuda -- The Catlin Seaview Survey, sponsored by international insurer Catlin Group Limited, has announced a massive expansion of its study of coral reefs with a new campaign in the Caribbean and Bermuda. The program – which will significantly widen opportunities for ocean, coral and...
July 10, 2013
ST MARY’S CITY, USA -- This July, the Inter-Collegiate Sailing Association (ICSA) is sending a team of seven sailors to the UK to compete against the British University Sailing Association team (the UK equivalent of ICSA). St Mary’s College of Maryland senior Joshua Greenslade of Bermuda and recent graduate...
July 8, 2013
GEORGETOWN, Guyana -- The Economic Commission for Latin America and the Caribbean (ECLAC) sub-regional headquarters for the Caribbean will convene the sixteenth meeting of the monitoring committee of the Caribbean Development and Cooperation Committee this week.
July 6, 2013
KINGSTON, Jamaica (CFU) -- Caribbean Football Union (CFU) teams Cuba and the Dominican Republic made significant gains to remain inside of the top 100 of the FIFA/Coca-Cola World Ranking, according to the July edition. Cuba leaped nine places to 82nd in CONCACAF.
July 1, 2013
HAMILTON, Bermuda -- Premier of Bermuda Craig Cannonier has welcomed comments by British governor of Bermuda, George Fergusson, and US consul general to Bermuda, Robert Settje, urging the insurance and reinsurance industries to promote their value to economies around the world.
June 28, 2013
HAMILTON, Bermuda -- The Bermuda Business Development Corporation (BBDC) has announced that it has named Stephen Lund as chief executive officer. Lund is expected to join the BBDC in mid-August and be responsible for leading, developing and executing a growth strategy that aligns with the goals...
June 19, 2013
At a meeting with overseas territories leaders, the prime minister outlined his plans and requested their support for his new policy for a global system of transparency on tax matters. In a joint statement released through the British Virgin Islands London Office, the leaders of Anguilla, Bermuda...
June 14, 2013
BELMOPAN, Belize -- The government of Belize has assumed control of two registries that are 50 percent owned by Waterloo Investment Holdings Limited (WIHL) a Bermuda Stock Exchange (BSX) listed company, whose majority shareholder is Lord Ashcroft, a major Conservative Party donor.
June 12, 2013
MIAMI, USA -- The Confederation of North, Central America and Caribbean Association Football (CONCACAF) on Tuesday announced the competitors and details of the inaugural CONCACAF Under-15 Championship, to be held in the Cayman Islands from 14-25 August.