News
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IMF Deal Gets Cautious Thumbs Up…Western Business Leaders Optimistic
KINGSTON, Jamaica, Observer – Key stakeholders in the business community in western Jamaica are cautiously optimistic about the deal struck between the Government and the International Monetary Fund (IMF) and have given the Richard Byles and Brian Wynter-led monitoring committee its vote of confidence. “The IMF agreement is certainly welcome news as it will restore some level of confidence to…
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Jamaicans again urged to prepare for active hurricane season
KINGSTON, Jamaica, Observer – JAMAICANS are being urged to plan ahead for the 2013 Atlantic Hurricane Season, which is expected to see the Caribbean facing at least one major hurricane. Acting Director of the National Meteorological Service, Jeffrey Spooner, said this is based on projections of Colorado State University, which has — for the first time in a long while…
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The focus on ODIs and T20
GEORGETOWN, Guyana, Stabroek News – Perusing the statements by West Indies Cricket Board (WICB) chief executive officer Michael Muirhead and newly elected Board president Whycliffe ‘Dave’ Cameron regarding Pakistan’s tour of the West Indies this year, which will comprise five One Day Internationals (ODIs) and two Twenty20 (T20) matches, one is left none the wiser as to what precisely were…
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JAMAICA-CRIME-Prime Minister’s brother beaten and robbed
KINGSTON, Jamaica, CMC- The brother of Prime Minister Portia Simpson Miller was beaten and robbed during early Thursday morning at his business place, in downtown Kingston. The police have confirmed that between 3.30am and 4.30am, armed men broke into the store owned by Vincent Simpson who is the elder brother of the Prime Minister. The men demanded money and during…
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SURINAME-FINANCE-Suriname insurance company acquires Trinidad’s Gulf Insurance
PARAMARIBO, Suriname, CMC – Assuria insurance company has acquired the Trinidad and Tobago-based Gulf Insurance Ltd in a move the company says will solidify moves to expand its operations into the Caribbean. The cost of the sale has not been disclosed, but Assuria’s general manager Stephen Smit told shareholders that the Central Bank of Suriname (CBvS) had granted permission to…
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IRS targets Caribbean bank accounts
KINGSTON, Jamaica, Observer – A federal court in California has authorised the Internal Revenue Service (IRS) to serve a “John Doe” summons seeking information about US taxpayers who may hold offshore accounts in a Barbados-headquartered Caribbean bank. The Department of Justice has identified the bank as the Canadian Imperial Bank of Commerce FirstCaribbean International Bank (FCIB). It said the order…
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