Archives for Wednesday, November 24, 2004:

Dominica assesses earthquake damage

GRAND CAYMAN, Cayman Islands: Regional responses expressing concern and support have begun pouring into Dominica following the "severe shaking" the island got from an earthquake measuring 6.0 on the Richter scale on Sunday morning.  The country's Prime Minister, Roosevelt Skerrit, held a meeting to review the situation... read more...

Antigua-Barbuda MP sues Bank of Bermuda and Commissioner of Police

GRAND CAYMAN, Cayman Islands: Asot Michael, a Member of Parliament in Antigua and Barbuda who sits on the opposition benches of the Antigua Labour Party (ALP), has filed a legal action against the Bank of Bermuda, along with the territory’s Commissioner of Police, in connection with an investigation into possible money laundering by Michael... read more...

Armed robberies forces St Kitts med-school to form its own security service

GRAND CAYMAN, Cayman Islands: A series of robberies (some involving arms), which appear to be targeting Ross University School of Veterinary Medicine (RUSVM) students, has forced officials at the American-owned facility to institute its own security service.  In seven days there were four separate incidents involving nine students... read more...

Regional officials still struggling with school violence and vandalism

GRAND CAYMAN, Cayman Islands: Education officials in Antigua and Barbuda and across the region are still struggling with the question of vandalism and violence in schools.  Over the weekend, police on Antigua arrested two students of the once revered Antigua Grammar School (AGS) charging them with theft... read more...

Ailing Castro wins economic prize from Chinese leader

HAVANA, Cuba (AFP): Cuban President Fidel Castro greeted China's President Hu Jintao in a wheelchair before the two sides sealed accords that will see major Chinese investment in the island's nickel industry.  The communist allies held several hours of talks on Monday night after witnessing the signing of 16 economic accords...  read more...

Grenadian parliamentarians visit New York

BROOKLYN, USA: A three member delegation from Grenada’s Parliamentary Opposition, the National Democratic Congress (NDC) visited New York November 12 through the 15. The delegation was led by Tillman Thomas, Parliamentary Representative for St. Patrick’s East and accompanied by Representatives Nazim Burke and Peter David...  read more...

Banks criticised for not supporting Bahamas government guaranteed loan scheme

HARBOUR ISLAND, The Bahamas: Commercial banks in the Bahamas have come under fire for not processing government-guaranteed loans to assist hurricane victims...  read more...

BVI Government revises tax structure for employers

ROAD TOWN, BVI: The British Virgin Islands Government has revised the tax structure for employers to pay either a six or a two percent payroll tax, depending on their business categorisation...  read more...

UK committed to mitigating impact of EU savings tax directive on BVI

ROAD TOWN, BVI: The British Government has promised to support measures by the British Virgin Islands to mitigate the socio-economic impact of the European Union (EU) Savings Tax Directive...  read more...

Bermuda may require hedge-fund licenses

HAMILTON, Bermuda: Under legislation to be introduced by the government of Bermuda, managers of hedge funds and high-end mutual funds based on the island will have to obtain licenses from the Bermuda Monetary Authority attesting that they are "fit and proper" before they can take charge of any cash...  read more...

Caribbean statisticians examine free movement database

GEORGETOWN, Guyana: As 2004 comes to a close, regional officials are redoubling their efforts to ensure that member states of the Caribbean Community (CARICOM) are adequately equipped with the necessary information tools for the 2005 implementation of the CARICOM Single Market and Economy (CSME)...  read more...

LEGAL NEWS

BVI court grants security request, citing money laundering concerns

MOSCOW, Russia: A British Virgin Islands appeals court has issued a ruling in the case of IPOC International Growth Fund Ltd. vs. LV Finance Group Ltd. and others that acknowledges concerns regarding alleged money laundering on the part of IPOC...  read more...

TRAVEL NEWS

Bahamas aims to be link between South Africa and Caribbean

NASSAU, The Bahamas: The Bahamas is seeking to be the hub between the Republic of South Africa and the Caribbean, a move that would drastically reduce travelling time and result in increase trade and business for the region's economies...  read more...