Associate Member
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Voters electing new government
GEORGE TOWN, Cayman Islands, CMC – More than 18,000 voters in this Caribbean-island are going to the polls Wednesday to elect a new government with political observers pointing to the possibility of a coalition administration emerging after the ballots are counted. Supervisor of Elections, Kearney Gomez, says his office is in a state of readiness and expects everything to go…
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Close race to form government in Cayman Islands
GEORGE TOWN, Cayman Islands, CMC – Voters in this Caribbean island-nation go to the polls Wednesday to vote for a new government in a general election in which there are no clear-cut favourites. Two major parties, the People’s Progressive Movement (PPM) – which has branded itself as “The Progressives – under the leadership of attorney Alden McLaughlin and the United…
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Moody’s lowers Bermuda’s rating
HAMILTON, Bermuda, CMC – International ratings agency Moody’s Investors Services has downgraded Bermuda’s rating by another notch, reiterating its concerns about government’s mounting debt and lack of an economic recovery. Moody’s lowered Bermuda to Aa3, three notches below the top triple-A level stating that the outlook is negative, reflecting uncertainty about government’s debt trajectory over the medium term. The move…
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BERMUDA-FINANCE-Bermuda to sign IGA tax information agreements with US and UK
HAMILTON, Bermuda, CMC – Bermuda says it will sign an inter-governmental agreement (IGA) with the United States and Britain saying the decision will further cement the British Overseas Territory as a reputable jurisdiction for conducting business in a transparent manner. Finance Minister E.T. Richards said the accord with Washington follows widespread discussions with local stakeholders and US Treasury officials. He…
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TCI to work with Haiti to prevent illegal migration
PROVIDENCIALES, Turks and Caicos Islands, CMC – The Turks and Caicos Islands (TCI) says it wants to work better with Haitian authorities to prevent the flow of illegal migrants into the British Overseas Territory. Governor Ric Todd has held talks with the TCI-based Haitian Consul General, Karlo Pellissier and a statement issued afterwards noted that the meeting was called to…
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UK tourism push pays dividends say officials
HAMILTON, Bermuda, CMC – Tourism officials and hoteliers have hailed road shows to attract more visitors from the United Kingdom — which currently provides just 10 per cent of Bermuda's air arrivals — as a success. Last week's promotional activities in London, Birmingham and Manchester also received the support of British Airways (BA) executives, who had earlier criticised Bermuda —…
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Former Premier to stand trial
GRAND TURK, Turk and Caicos Islands, CMC – The head investigator in a British Government’s probe of corruption in the Turks and Caicos Islands says former Premier Michael Misick will stand trial. Helen Garlick of the Turks and Caicos Special Investigation and Prosecution Team, said Misick will join 10 others, including four of his cabinet ministers, in defending allegations that…
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Haitians to be repatriated
GRAND TURK, Turks and Caicos, CMC – Over 160 Haitians will be repatriated after their boat was intercepted off the coast of the British Overseas territory on Monday. Turks and Caicos Minister for Border Control and Labor, R.D. Gardiner, said “The Government of the Turks and Caicos Islands will not tolerate this illegal activity.” “While we cannot stop boats from…
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Turks and Caicos still looking towards independence
PORT OF SPAIN, Trinidad, CMC – The Turks and Caicos Islands is still considering political independence from Britain, Premier Dr. Rufus Ewing has said. Ewing told the Caribbean Media Corporation (CMC) that “independence remains a major issue” three years after Britain suspended the island’s constitution and set up a one-man commission to probe the government of then premier Michael Misick.…
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BVI, Nevis named in UK offshore scandal
UNITED KINGDON—Two Caribbean countries were among the offshore havens used by more than 175,000 UK-registered companies with directors giving addresses in those jurisdictions, the UK Guardian reported yesterday. This raises fresh concerns about the scale of Britain’s involvement in offshore secrecy arrangements. Data obtained by the newspaper from the corporate information service Duedil reveals 177,020 companies have listed directors in…
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