Term Slug
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THE HUNT IS ON; Wade Mark tipped to replace Max Richards as President
PORT OF SPAIN, Trinidad - Trinidad and Tobago's fifth President will be elected on February 15 and some of the top candidates in the race, according to sources, are House Speaker Wade Mark, former head of British Petroleum (BPTT) Robert Riley and political analyst Dr Hamid Ghany.
Bahamas gov’t targets US$20m from legalised gambling to citizens
NASSAU, Bahamas — THE government of the Bahamas says it has prepared a two-part referendum that could legalise certain forms of gambling on the islands. National Security Minister Bernard Nottage says voters will be asked whether they support creation of a national lottery and the regulation and taxation of now underground gambling centres. He said in a speech late Wednesday that the referendum will be held on January 28.
Stanford makes top 2012 FBI cases
ST JOHN’S, Antigua – The US Federal Bureau of Investigation (FBI) has listed Allen Stanford’s case as one of its most significant for 2012. Stanford, who headed a global financial titan and many businesses in Antigua, was brought down by US investigators looking into a US $7 billion fraud scheme. He was convicted and, in June 2012, sentenced to 110 years in jail for running a Ponzi scheme.
Open Campus hits hard times
BRIDGETOWN, Barbados - The financial problems affecting the University of the West Indies have trickled down to the UWI Open Campus programme.
Reports indicate that the Open Campus which operates in 16 nations is owed millions by contributing countries and, as a result, is struggling to pay its bills.
The major defaulters, according to a source, were the Eastern Caribbean countries which were feeling the brunt of the economic downturn.
Barbados and San Marino sign Double Taxation Agreement
BRIDGETOWN, Barbados, CMC – Barbados says it has signed an Avoidance of Double Taxation agreement with the Republic of San Marino as well the Prevention of Fiscal Evasion with respect to Taxes on income.
A government statement said that the agreement was signed in New York last month and formalises the bilateral agreement which was initialled in July 2012.
Barbados Permanent Representative to the United Nations, Ambassador Joseph Goddard and Permanent Representative of the Republic of San Marino, Ambassador Daniele Bodini signed the accord.
China provides multi-million dollar grant to Grenada
ST. GEORGE’S, Grenada, CMC – China is providing more than US$4.8 million to Grenada under an economic and technical agreement, a government statement has said here. It said that the accord was signed by Finance Minister Nazim Burke and China’s Ambassador to Grenada, Xu Jianguo. “On behalf of the government, I wish to place on record our profound gratitude to the Government and people of the People’s Republic of China for its continued financial support in assisting us to meet the needs of our people,” Burke said.