Antigua & Barbuda

Next  Lloyd's says it doesn't have to pay for Stanford's defence Thursday, November 19, 2009 CHICAGO, USA (Bloomberg) -- Lloyd’s of London said admissions made by accused Ponzi scheme operator Allen Stanford’s former chief financial officer when he pleaded guilty relieves the insurance syndicate of the obligation to pay defense costs for Stanford and his codefendants. read more... Antigua-Barbuda government eager to partner with private sector Thursday, November 19, 2009 ST JOHN'S, Antigua -- The government is eager to forge strong Public Private Partnerships (PPPs) with the business community, as a way of delivering high quality infrastructure and services to the people of Antigua and Barbuda. Chief Implementation Officer in the Office of the Prime Minister, Ambassador... read more... Baseball stars, others, to get back Stanford funds Tuesday, November 17, 2009 HOUSTON, USA (Reuters) -- Some of alleged swindler Allen Stanford's investors, including baseball star Johnny Damon, will see their funds returned after a US appeals court ruled the receiver in the fraud case may not sue them. Stanford Financial Group sponsored numerous leagues and teams. read more... Development symposium for Barbuda Monday, November 16, 2009 ST JOHN’S, Antigua -- ‘A Development Plan for Barbuda’, is to be the subject of a two day symposium on the island in the second quarter of 2010. Minister of Finance, the Economy and Public Administration, Harold Lovell, proposed the symposium in response to calls from several participants. read more... Commentary: Stop criticising PM Baldwin Spencer Monday, November 16, 2009 With so much catastrophe encircling the nation, it takes a sinister mind to conclude that PM, Winston Baldwin Spencer is not giving Antigua and Barbuda optimal leadership. In tragic circumstances, great leaders employ amazing strategies to make people care. They draw on self interests and cultural resources. read more... FlyMonserrat announces launch of its first flight service to Antigua Friday, November 13, 2009 BRADES, Montserrat -- FlyMontserrat has announced the launch of its first scheduled flight service between Montserrat and Antigua. The government of Montserrat has approved the service, which offers one return flight per day from 1st to 15th December 2009, and thereafter two return flights every day. read more... Antigua-Barbuda authorities launch investigation into ammunition found aboard flagged vessel Tuesday, November 10, 2009 ST JOHN’S, Antigua -- On November 3, 2009, the Antigua and Barbuda flagged vessel m/v Francop was stopped at sea 100 miles off the coast of Israel due to reports that ammunition was being smuggled aboard in containers disguised as civilian cargo. The Israeli military boarded the vessel. read more... Letter: Stanford used other people's money Tuesday, November 10, 2009 Mr Ramjeet lists the sterling contributions that Allen Stanford made in the Caribbean. That he used other people's money to do so was missing from the letter. The grief and misery that will ensue for those who have lost their investments as well as the large number of workers who have lost their livelihood... read more... Antigua-Barbuda finance minister tells insurance executives, good corporate governance is important Tuesday, November 10, 2009 ST JOHN'S, Antigua -- Antigua and Barbuda’s Finance Minister, Harold Lovell, has called on regional insurance institutes to ensure that the qualifications they offer provide sufficient exposure to the principles of good corporate governance. The minister was speaking at the twelfth Annual Caribbean Insurance... read more... Letter: Revocation of Stanford's knighthood is unfortunate Monday, November 9, 2009 It is unfortunate that steps have been taken to revoke Stanford's knighthood. Texas billionaire, Allen Stanford was knighted by the Queen on recommendation from the government of Antigua and Barbuda, for his role as a top flight businessman in the twin island state, and his sterling contribution. read more... Montserrat, Antigua & Barbuda move to a long term ferry solution Saturday, November 7, 2009 BRADES, Montserrat (OCM) -- The Montserrat-Antigua travel route will undergo a major enhancement with the addition of a long term ferry service in January 2010. Sailing under the name Fjortoft, the new ferry will be operated jointly by the government of Montserrat, the government of Antigua, and the Barbuda Island Council. read more... Antigua gambling firm founder gets 51 months in US prison Thursday, November 5, 2009 WASHINGTON, USA (Reuters) -- The founder of the defunct online offshore gambling firm BetOnSports, Gary Kaplan, was sentenced to the maximum 51 months in prison for conspiring to violate US racketeering and other laws. Kaplan set up business entities offshore in Aruba, Antigua and Costa Rica. read more... Tourism stakeholders in Antigua meet with Ministry of Finance officials Thursday, November 5, 2009 ST JOHN'S, Antigua -- Minister of Finance, the Economy and Public Administration, Harold Lovell, has assured stakeholders in the Antigua and Barbuda tourism industry that while the results might not be visible to the onlooker, the government has in fact already reduced expenditure by 19 percent. read more... Antigua to strip Stanford of knighthood Wednesday, November 4, 2009 MIAMI, USA (Reuters) -- Antigua and Barbuda is set to revoke the knighthood it gave Texas financier Allen Stanford, who is awaiting trial on charges he operated a $7 billion fraud using his bank on the twin-island Caribbean nation. Stanford denies the charges and is awaiting trial in the United States. read more... US appeals panel weighs Stanford 'clawback' claims Tuesday, November 3, 2009 NEW ORLEANS, USA (Reuters) -- A US appeals panel had tough questions on Monday for the receiver in Allen Stanford's civil fraud case, who is suing to recover proceeds from several hundred investors in the firm's offshore bank. At issue is whether receiver Ralph Janvey has a right to pursue "clawback" claims. read more... Letter: The blind leading the blind in Antigua and Barbuda Monday, November 2, 2009 This morning I read in your Caribbean Net News that the Antigua and Barbuda government needs to work together for business development. Well, all I can say to that is nuts! Antigua is just about the only Island down there that cannot do anything on any wise. They just don’t have the skills to do that. read more... Commentary: Celebrating independence between pretense and paradox Monday, November 2, 2009 What does a morally strong, successfully sustainable, independent country look like? On the 28th anniversary of Antigua and Barbuda’s independence, we are trapped between broken promises and undetected decay. This situation is made more desperate with deceiving cycles of ‘family themes’ that stop short of suicide. read more... St Kitts hosts narcotics, arms and human smuggling seminar next week Saturday, October 31, 2009 BASSETERRE, St Kitts (CUOPM) -- Efforts continue in St Kitts and Nevis next week to grapple with the problem of trafficking in arms and drugs in the Caribbean. Participants are expected from Antigua and Barbuda, Barbados, Dominica, Grenada, St Kitts and Nevis, St Lucia and St Vincent and the Grenadines. read more... Antigua-Barbuda government and private sector to work together for business development Friday, October 30, 2009 ST JOHN'S, Antigua -- The government is to embark on detailed discussions with the local manufacturers, construction industry representatives and heavy duty contractors, to look at proposals from the sectors for initiatives to stimulate business development in Antigua and Barbuda. read more... Nothing ruled out in budget cuts, says Antigua's finance minister Thursday, October 29, 2009 ST JOHN'S, Antigua -- There is a case to be made for rationalising the number of Antigua and Barbuda’s foreign diplomatic missions, says Minister of Finance, the Economy and Public Administration, Harold Lovell. The Minister was agreeing with a suggestion from a member of the financial services community. read more... All on schedule for 2009 OECS swimming championships Thursday, October 29, 2009 ST GEORGE’S, Grenada -- Come November 6, 2009, some of the best junior swimmers from the Organisartion of Eastern Caribbean States members countries will dive into the Good Hope Pool, and race against each other in a bid to be the sub-region’s best. This will be when the 2009 Organisation... read more... Commentary: Whale-watching is a boon to Caribbean tourism Tuesday, October 27, 2009 A study produced this year by group of independent economists located in Australia confirms that whale watching has become a boon to tourism in Central America and the Caribbean over the last ten years and is set to make a bigger contribution to the industry’s earnings. read more... Antigua-Barbuda minister pleased with trades union dialogue Tuesday, October 27, 2009 ST JOHN'S, Antigua -- Antigua and Barbuda's Minister of Finance, the Economy and Public Administration, Harold Lovell said he was extremely pleased with the frank and cordial nature of Monday's meeting with trades union representatives. The meeting with the workers advocates was the first in a series of consultations. read more... Stanford victims ask US Congress to block IMF loan to Antigua Monday, October 26, 2009 DALLAS, USA -- The Stanford Victims Coalition and the law firm Morgenstern & Blue sent a letter on Friday to over 50 US Senators and Congressmen asking them to block Antigua from receiving any funding from the IMF. Antigua’s involvement in the $7.2 billion Stanford International Bank scandal is claimed to be... read more... World Bank visit to Antigua-Barbuda concludes Monday, October 26, 2009 ST JOHN'S, Antigua -- In the wake of three days of meetings last week with government officials and other stakeholders in Antigua and Barbuda, the World Bank will prepare a grant proposal reflecting the government’s priorities in transforming the public sector. The intent is for the government to access grant funding. read more... Antigua-Barbuda financial regulator holds strategic planning session Thursday, October 22, 2009 BOLANS, Antigua -- The Financial Services Regulatory Commission (FSRC) in Antigua and Barbuda held a transformational strategic planning session last week. Staff members of the Commission inclusive of the Board of Directors participated in the deliberations to strengthen and enhance the FSRC. read more... World Bank team on three-day visit to Antigua-Barbuda Thursday, October 22, 2009 ST JOHN'S, Antigua -- A team from the World Bank began a three day visit to Antigua and Barbuda on Wednesday, to discuss how they can assist the government with public sector transformation and social protection. There will be a series of meetings with ministers to examine how the Bank can best help. read more... Antigua-Barbuda government denies signing on to the SUCRE Wednesday, October 21, 2009 ST JOHN'S, Antigua --  The Ministry of Foreign Affairs in Antigua and Barbuda has said  that there is absolutely no merit to recent media reports that the country had agreed to replace the US dollar with the SUCRE, a virtual currency which will be utilised by some ALBA member countries for commercial activities. read more... Commentary: What is Antigua and Barbuda's agenda for the economy? Monday, October 19, 2009 When the former Minister of Finance and the Economy, Dr Errol Cort, made the point that the global economic crisis would not have any impact on the local economy, his statement was viewed as quite shocking. Given his training in economics, Dr Cort was likely being unreasonably optimistic. read more... Antigua-Barbuda to seek IMF stand-by arrangement Saturday, October 17, 2009 ST JOHN'S, Antigua -- Based on discussions held over the past week with representatives of the International Monetary Fund, Antigua and Barbuda is to seek support from the IMF through its Stand-by Arrangement. While the Ministry and the IMF officials have agreed in principle on the parameters of the... read more... Receiver sues Stanford employees for $11 million Friday, October 16, 2009 LOS ANGELES, USA (Reuters) -- The receiver overseeing the assets of accused swindler Allen Stanford has sued two former Stanford Capital Management employees, seeking the return of $11 million in investor funds, court documents showed. The lawsuit was filed on Wednesday in Dallas federal court. read more... ALBA bloc to stop using dollars in trade Friday, October 16, 2009 COCHABAMBA, Bolivia (AFP) -- The leftist Latin American ALBA trade bloc is scheduled on Friday to approve measures that would replace US dollars with a new virtual currency for regional commerce, an official said here. The new monetary system was adopted in principle at an ALBA summit in April. read more... Stanford declines speedy trial Thursday, October 15, 2009 HOUSTON, Texas (AFP) -- Disgraced financier Allen Stanford appeared ill in court on Wednesday but declined a speedy trial despite being held in solitary confinement after he was badly beaten in a jailhouse brawl. Stanford's lawyer told the judge that he needed at least two years to mount a defense. read more... SEC fights stanford receiver's bid to revive clawback lawsuits Thursday, October 15, 2009 HOUSTON, USA (Bloomberg) -- Allen Stanford’s court-appointed receiver should continue to be blocked from suing investors to get back funds they received from an alleged $7 billion Ponzi scheme, US securities regulators told an appeals court. Ralph Janvey has no legal authority to sue 650 investors for almost $1 billion. read more... SEC's watchdog to revisit agency's handling of Stanford probes Thursday, October 15, 2009 WASHINGTON, USA (Bloomberg) -- The US Securities and Exchange Commission’s internal watchdog is taking a fresh look at agency investigations of the $7 billion Ponzi scheme allegedly carried out by R Allen Stanford. SEC Inspector General H David Kotz said he is conducting the review in response to a request. read more... Prosecutors ask judge for Stanford trial date Wednesday, October 14, 2009 HOUSTON, USA (Reuters) -- US prosecutors asked a federal judge on Tuesday to set a trial date for Allen Stanford, the former Texas billionaire accused of leading an alleged $7 billion fraud. Stanford and three other defendants are due in federal court in Houston for a status hearing on Wednesday. read more... IMF/World Bank willing to help Caribbean countries, says Antigua-Barbuda minister Tuesday, October 13, 2009 ST JOHN’S, Antigua -- Antigua and Barbuda's Minister of Finance, the Economy and Public Administration, Harold Lovell, is pleased with the outcomes of the discussions and meetings that took place over the past week. Lovell and his delegation returned to Antigua after attending the IMF/World Bank annual meetings. read more... Antigua-Barbuda PM calls on all sectors to work together in the interest of CSME Monday, October 12, 2009 BRIDGETOWN, Barbados -- ”If Caribbean Community is to successfully deal with the current economic difficulties, the public and private sector along with civil society must remain engaged in the forging of architecture for the successful implementation of a workable economic policy framework.” read more... Judge allows Stanford and others to seek defence fees Saturday, October 10, 2009 HOUSTON, USA (Reuters) -- Financier Allen Stanford and other executives who face charges related to an alleged $7 billion fraud may file claims for defence funds under a directors' and officers' insurance policy, a federal judge said. Stanford has had his assets frozen since civil charges were filed against him in February. read more... Antigua-Barbuda delegation meets with World Bank Caribbean Country Director Saturday, October 10, 2009 ST JOHN'S, Antigua -- The Antigua and Barbuda delegation continued a full day of meetings on Monday in Turkey with the Caribbean Country Director of the World Bank, Yvonne Tsikata. During this meeting, Minister Harold Lovell and his delegation discussed the areas in which the World Bank may provide assistance. read more... Next

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