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Bahamas minister backtracks on $2 billion Chinese project

December 7, 2016
NASSAU, Bahamas -- Bahamas minister of agriculture and marine resources, Alfred Gray, said on Monday that his October letter to Bahamas ambassador to China, Paul Andy Gomez, giving him the green light to further pursue a $2.1 billion China-Bahamas agri-fisheries...

Venezuela state oil company seeks compensation in 'staggering' US bribe case

December 7, 2016
Venezuela state oil company seeks compensation in 'staggering' US bribe case HOUSTON, USA -- A unit of Venezuela's state-owned oil company Petróleos de Venezuela SA (PDVSA) has asked a US court to order two businessmen to compensate it for carrying out a "staggering" bribery scheme that cost the company $600 million in losses. A motion filed last week...

Inter-American financial institution moves headquarters to Panama to boost regional infrastructure financing

December 6, 2016
Inter-American financial institution moves headquarters to Panama to boost regional infrastructure financing PANAMA CITY -- The Inter-American Corporation for Infrastructure Financing (CIFI), a leader non-bank financial institution dedicated to run projects in Latin America and the Caribbean, has decided to move its headquarters to Panama City. The objective of this measure is to leverage...

LIAT welcomes its tenth ATR aircraft

December 6, 2016
LIAT welcomes its tenth ATR aircraft ST JOHN’S, Antigua -- Regional carrier LIAT recently welcomed its tenth ATR72 aircraft at the V.C. Bird International Airport in Antigua. The brand new 68-seater aircraft carrying the tail number V2-LIN, was piloted from Toulouse, France, by Captain Philemon Gunsam and First Officer Rawle Francis.

Marketing Strategies Today: Creating your customer avatar - who's your ideal prospect?

December 6, 2016
Marketing Strategies Today: Creating your customer avatar - who's your ideal prospect? One of the most essential elements of a solid marketing strategy is developing a proper customer avatar. When you truly understand who makes an ideal customer, it will be much easier for you to develop your business, set the message, add the product description, put in the...

Suriname identified as one of world's top two sources of fresh water

December 2, 2016
Suriname identified as one of world's top two sources of fresh water PARAMARIBO, Suriname -- Alliance Partners of Monaco, which is moving to tap the lucrative drinking water business, has identified Suriname and Finland as the world’s top two sources of high quality drinking water during a press conference this week in Finland. However, the company...

BVI announces new financial services strategy

December 2, 2016
BVI announces new financial services strategy ROAD TOWN, BVI -- BVI Finance launched its 2017 to 2020 marketing and business development strategy at a private event on 23 November 2016. The BVI Finance Strategy Update was held to inform local financial services industry decision makers of the plans BVI Finance has to...

US Supreme Court denies Stanford certiorari petition

November 30, 2016
US Supreme Court denies Stanford certiorari petition WASHINGTON, USA -- On Monday, the United States Supreme Court denied the petition for a writ of certiorari filed by Allen Stanford, whose prior District Court conviction and sentence was affirmed by the Fifth Circuit. Stanford's best opportunity to revisit his criminal case has failed.

Marketing Strategies Today: Seven things never to say to a client

November 28, 2016
Marketing Strategies Today: Seven things never to say to a client As a consultant, you realize that people are paying you for your expertise. What that means is that you want to make sure that you are able to offer it to them in a way that is going to be professional, streamlined and also clear. What that means is that you are hired to perform consulting...

Anguilla offshore bank seeks US bankruptcy protection

November 25, 2016
Anguilla offshore bank seeks US bankruptcy protection NEW YORK, USA -- William Tacon, a court-appointed administrator of the Anguillan offshore bank, Caribbean Commercial Investment Bank Ltd, owned by the failed National Bank of Anguilla, filed chapter 11 proceedings in US Bankruptcy Court in New York on Tuesday.

Suriname develops novel means to export water to fight Caribbean drought

November 25, 2016
Suriname develops novel means to export water to fight Caribbean drought PARAMARIBO, Suriname -- This week, a boat will tow a giant bag made from PVC-coated fabric with enough water to fill an Olympic-size swimming pool from Suriname to drought-stricken Barbados and Curacao. It will be a test run for a technology Auke Piek, a 44-year-old Dutch engineer...

Curacao refinery operator in financial crisis

November 23, 2016
Curacao refinery operator in financial crisis WILLEMSTAD, Curacao -- The Venezuelan state oil company PdVSA, operator of the Isla oil refinery in Curacao, is in financial trouble. According to the prime minister of Curacao, Dr Bernhard Whiteman, managers must hand in their cars and there is no money to fund the traditional...

Experts urge Panama to reform financial services industry

November 23, 2016
Experts urge Panama to reform financial services industry WASHINGTON, USA (ICIJ) -- Panama must urgently address the perceived opacity of its offshore business model and do more to stop dark money flowing through its financial system, a report by a government-appointed panel of experts says. The five-person Committee of Experts, appointed by the government...

CRFM and FAO plan fisheries data reform for the Caribbean

November 23, 2016
CRFM and FAO plan fisheries data reform for the Caribbean BELIZE CITY, Belize (CRFM) -- The coming of the digital age presents novel opportunities for the fisheries and aquaculture sector of the wider Caribbean to build a more robust data and information system that would augment the monitoring of production trends and traceability of catches.

Curacao government signs refinery agreement with Chinese companies

November 22, 2016
Curacao government signs refinery agreement with Chinese companies WILLEMSTAD, Curacao -- The government of Curacao, represented by Prime Minister Dr Bernhard Whiteman, together with the director of the public company Refineria di Korsou NV (Curacao Oil Refinery Inc.), Jose van der Wall-Arnemann, last Saturday signed a heads of agreement...

Marketing Strategies Today: Five ways to increase the bottom line of your business

November 21, 2016
Marketing Strategies Today: Five ways to increase the bottom line of your business If you have ever wondered how you might be able to have a more predictable stream of income from your company, you want to look at how you are going to be able to add additional value for your clients. Here are a few ideas that will enable you to follow the models of some of the most...

Unemployment rate in Jamaica lowest in five years

November 18, 2016
Unemployment rate in Jamaica lowest in five years KINGSTON, Jamaica (JIS) -- Unemployment in Jamaica continues to decline, with the figure at 12.9 per cent as at July 2016, the lowest quarterly rate in five years. This is according to the latest labour force survey undertaken by the Statistical Institute of Jamaica (STATIN). The rate for...

Haiti temporarily escapes financial sanctions

November 17, 2016
Haiti temporarily escapes financial sanctions PROVIDENCIALES, TCI -- At the end of its plenary meeting last week in the Turks and Caicos Islands (TCI), the Caribbean Financial Action Task Force (CFATF) recognized the efforts made by Haiti through the publication of two important laws and decided to postpone until its next meeting...

BVI concludes investment promotion study tour in Jamaica

November 17, 2016
BVI concludes investment promotion study tour in Jamaica KINGSTON, Jamaica -- The British Virgin Islands has concluded an Overseas Countries and Territories (OCT) investment promotion study tour in Jamaica. Junior minister for trade, investment promotion and consumer affairs, Marlon Penn, led a delegation in a series of meetings with...

Regional organisation promotes intellectual property, innovation, and technology in the Caribbean

November 17, 2016
Regional organisation promotes intellectual property, innovation, and technology in the Caribbean MONTEGO BAY, Jamaica -- The Caribbean and Americas Intellectual Property Organization (CAAIPO) was established in October 2015 under the laws of Jamaica, in response to the need for substantial research, information and action in the field of intellectual property law and...

Panama Papers law firm fined $440,000 by BVI regulator

November 16, 2016
Panama Papers law firm fined $440,000 by BVI regulator ROAD TOWN, BVI -- The British Virgin Islands independent regulator, the Financial Services Commission (FSC), has fined the local arm of the Panama Papers law firm, Mossack Fonseca, $440,000 for its contravention of numerous sections of the Anti-Money Laundering and Terrorist...

Cayman Finance CEO discusses Panama Papers, tax neutrality

November 16, 2016
Cayman Finance CEO discusses Panama Papers, tax neutrality LONDON, England -- During a recent appearance on BBC, Cayman Finance CEO Jude Scott highlighted the Cayman Islands’ dedication to upholding the standards and expectations of a premier financial jurisdiction through transparency and a strong compliance culture.

Haitian trade mission to visit Aruba

November 15, 2016
Haitian trade mission to visit Aruba ORANJESTAD, Aruba -- From Tuesday, 15 to Friday, November 18, 2016, a trade delegation, consisting of representatives of 13 Haitian companies, two representatives of the ministry of trade and industry and several representatives of the Caribbean Export agency, led by Sergio Valkenburg...

Marketing Strategies Today: Success roadmap for YouTube ads

November 15, 2016
Marketing Strategies Today: Success roadmap for YouTube ads A successful business approach is built upon the marketing strategy of the organization. Brand awareness will go far in generating some good amount of revenue for your business. The secret is to have a means of reaching as many people as possible-and what better way is there than...

IMF agrees that withdrawal of correspondent banks poses significant risk to Caribbean

November 14, 2016
IMF agrees that withdrawal of correspondent banks poses significant risk to Caribbean PORT OF SPAIN, Trinidad -- A significant threat to Caribbean economies has emerged as global banks withdraw their correspondent banking relationships in these countries, the International Monetary Fund (IMF) has confirmed. Correspondent banking with global banks allows...

Jamaican parliament debates bills to facilitate development of horse-racing industry

November 12, 2016
Jamaican parliament debates bills to facilitate development of horse-racing industry KINGSTON, Jamaica (JIS) -- Debate began on two Bills in Jamaica’s House of Representatives on Wednesday, to establish a regulatory framework that will attract and support investment in the island’s horse-racing industry and facilitate the development of Caymanas Track into a modern...

World Bank mission visits OECS to advance development of the blue economy

November 12, 2016
World Bank mission visits OECS to advance development of the blue economy CASTRIES, St Lucia -- Representatives of the World Bank mission responsible for the Caribbean Regional Oceanscape Project (CROP) visited the Organisation of Eastern Caribbean States (OECS) from November 1-3, 2016 to advance project preparation in anticipation of approval early...

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