Trinidad House Approves Financial Intelligence Bill in Unanimous Vote

By: - April 19th, 2011

Parliament, Port-of-Spain

Trinidad’s government approved amendments to its Financial Intelligence Bill yesterday in a unanimous vote in the House of Representatives. The vote followed what had been a heated debate. Trinidad had faced being blacklisted because of non-implementation of the act, which deals with implementation of money-laundering policy.

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Investors Consider $3 Million Shipwreck Museum in Grand Bahama

Looking to take advantage of the vast number of shipwrecks in Bahamian waters, a $3 million joint venture could mean a priceless-artifact museum in Grand Bahama. “The clock is ticking at the moment,” said Thomas Dean, the attorney representing the venture, which is comprised of foreign and Bahamian partners. “While they remain interested, I think […]

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Cayman Passes Changes to Companies Law

Caymanian legislators passed three laws yesterday aimed at bringing financial services in the Cayman Islands in line with international standards. The three laws were the Companies (Amendemnt) Bill 2011 and two companion bills — the Securities (Amendment) Bill and the Property (Miscellaneous Provisions) (Amendment) Bill. “This is the first round of critical changes to the […]

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Barbados Chamber of Commerce Signs Agreement with Prince Edward Island

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International Monetary Fund: Caribbean Real GDP to Grow 4.2 percent in 2011

The Caribbean region’s real GDP is projected to grow at 4.2 percent this year, following a 3.4 percent increase in 2010, according to the International Monetary Fund’s World Economic Outlook. The organization predicted a 7.2 percent in consumer prices for this year, along with a 4 percent drop in the region’s current account balance. Last […]

REDjet to Start Flights Next Month

New Caribbean airline REDjet is set to take off next month, with tickets going on sale Wednesday, the company announced in a statement. According to Redjet, the first flights will begin May 8, featuring frequent trips to Barbados, Guyana, Jamaica and Trinidad. The company was founded in 2006 by Ian Burns, who was amazed at […]

Jamaican Government Temporarily Cuts Fuel Taxes, Staves Off Protest

The Caribbean region’s real GDP is projected to grow at 4.2 percent this year, following a 3.4 percent increase in 2010, according to the International Monetary Fund’s World Economic Outlook. The organization predicted a 7.2 percent in consumer prices for this year, along with a 4 percent drop in the region’s current account balance. Last […]

Bahamas Completes BTC Sale

The government of the Bahamas has completed a 51 percent sale of the Bahamas Telecommunications Company to British firm Cable and Wireless Communications, Prime Minister Hubert Ingraham announced today in a statement. The deal was the subject of a great deal of controversy in the months leading up to the signing, in what Ingraham called […]