Archives for Tuesday, August 10, 2004:

Protests lead to shutdown of pharmaceutical services at Trinidad hospitals

PORT OF SPAIN, Trinidad: Protest actions by pharmacists at three Trinidad hospitals left hundreds of people with unfilled prescriptions last week... read more...

Prague to seek extradition of fugitive from the Bahamas

PRAGUE, Czech Republic (AFP): The Czech Republic is to ask the Bahamas to extradite the fugitive financier Viktor Kozeny to face criminal charges of fraud amounting to millions of dollars, the state prosecutor's office said Monday... read more...

Chinese regulators crackdown on capital flight to Caribbean havens

BEIJING, China (AFP): China's financial and securities watchdogs have launched a crackdown on the illegal flight of capital via Caribbean financial centers such as the British Virgin Islands and the Cayman Islands, state press reported Monday... read more...

Bahamas not prepared to enter into further tax agreements

NASSAU, Bahamas: The Bahamas government has taken the decision not to enter into any more tax information exchange agreements (TIEA) in the near future, Minister of State for Finance James Smith told the Bahama Journal last week... read more...

Barbados currency ratings lowered

NEW YORK, USA: Despite stronger economic growth in Barbados, ratings agency Standard & Poor’s has lowered its long-term foreign and local currency ratings on the jurisdiction, although it has maintained a stable outlook... read more...

Bahamas venture capital fund may be operational by year-end

NASSAU, Bahamas: Bahamian Prime Minister Perry Christie has revealed that proposals for a new venture capital fund designed to support start-up businesses could reach fruition by the end of the year... read more...

Ten months before Trinidad and Tobago telecom company loses monopoly

PORT OF SPAIN, Trinidad: The Chief Executive Officer of the Telecommunication Services of Trinidad and Tobago (TSTT) Sam Martin recognises that in ten months time the company will have to contend with an influx of competition that will inevitably adversely affect its comfort zone... read more...

Bermuda business supports insider trading law

HAMILTON, Bermuda: The Bermuda International Business Association has lent its support to legislation in the Criminal Code Amendment Act 2004 which will outlaw acts of market manipulation and insider trading in the jurisdiction... read more...

Moody's cuts Belize rating as debt mounts

NEW YORK, USA: Moody's Investors Service downgraded Belize's credit ratings last week, saying that the country's growing debt was becoming increasingly difficult to manage... read more...

SPORTS NEWS

Caribbean athletes in Olympics duels

ATHENS, Greece (AFP): Caribbean athletes are involved in several head-to-head contests at the Athens Olympics. Here are some to look out for:... read more...

Cuba's Olympic medal hopes enjoy mixed fortunes

HUELVA, Spain (AFP): Cuba's reigning Olympic long jump champion Ivan Pedroso only finished third on the final day of the Ibero-American Championships here on Sunday... read more...

Commentary: Without good leadership results cannot be expected

Following two poor performances by the West Indies in the current series against England, former West Indies captain, Sir Vivian Richards has criticized the captaincy of Brian Lara, claiming he has failed to motivate his players... read more...