BUSINESS

No hiding place for Caribbean tax havens as world re-regulates Friday, June 12, 2009 (Reuters) -- Caribbean tax havens want to be seen as part of a solution to the global financial crisis and refute complaints they offer loopholes through which over-risky, or even fraudulent, businesses can undermine world markets. Several sent delegations to the annual IOSCO conference in Tel Aviv this week. read more... TCI Bank seeing positive results in Merchant Card Services product Friday, June 12, 2009 TCI Bank Limited last October launched a Merchant Card Services product for businesses. Results have reportedly been positive, with numerous machines already installed across the Turks & Caicos Islands. The service is designed around the need for businesses to be able to accept credit cards as a payment option. read more... Caribbean fears witchhunt in tax haven crackdown Wednesday, May 6, 2009 (Reuters) -- The Caribbean has tried for years to shed its image as a refuge for tax dodgers and money launderers where travelers arriving with large amounts of cash were welcomed with open arms and even offered police escorts to their local bank. But suspicions about the region's offshore financial sector still run deep. read more... Net News Group signs on as contributor to McClatchy-Tribune Information Services Saturday, March 28, 2009 The Net News Group (NNG), a widely-read media publishing and communications company based in the Cayman Islands and publisher of TCI Net News, has established a contributor partnership with McClatchy-Tribune Information Services (MCT), one of the largest media groups in the United States. read more... World's cruise industry sailing rough waters Saturday, March 21, 2009 (Reuters): The cruise ship season in Sydney is in full swing and it's booming, with ships forced to anchor in the middle of Sydney Harbour due to a lack of dock space.  But despite the onboard party atmosphere, the world's cruise industry is sailing through rough financial seas as the global downturn bites into tourism. read more... IDB fosters trade policy dialogue among Caribbean countries Saturday, December 13, 2008 The Inter-American Development Bank (IDB) coordinated a high level meeting in Barbados on Friday which identified binding constraints and established priorities for Caribbean countries to be able to benefit from liberalized trade and increased market access. read more... Tax havens drain poor nations, OECD says Saturday, November 29, 2008 (Reuters): Offshore centres that attract untaxed wealth from developing countries are depriving poorer nations of revenues they need to weather the global economic crisis, a top OECD official said on Friday. Governments in advanced economies are toughening their stance against tax dodgers. read more... Travel industry squeezed as America tightens belt Wednesday, November 12, 2008 (Reuters): As Americans evaluate and pare back their discretionary spending for the remainder of this year, the travel and leisure industries are feeling the squeeze. Companies throughout the sector have all warned in recent weeks that their businesses have slowed or that things could get worse next year. read more... Caribbean hotel bookings plunge as economy sags Saturday, November 8, 2008 (Reuters): Hotel bookings in the Caribbean are plunging as financial turbulence dashes vacation plans, and hoteliers and governments are trying to ward off a deep slump by ramping up marketing efforts and slashing prices. The big cruise operators have also warned of a slowdown in bookings worldwide. read more... Present economic challenges are an opportunity for Caribbeanpreneurs to shine Monday, October 27, 2008 “Although the reports of a dire tourism season is cause to tighten our belts, it is also a time to free our thinking and move outside the box,” says entrepreneur and author Nerissa Golden. Golden is the founder of the Young Entrepreneurs Symposium and Truly Caribbean Network, a non-profit foundation. read more... An Obama victory could be bad news for Caribbean tax havens, says UK lawyer Monday, October 27, 2008 With the US election looming on November 4, whoever is elected as the next president will have a major impact on global issues. According to Stephen Platt, Chairman of the BakerPlatt Group, a Senator Barack Obama victory could be a particular threat to offshore centres, including several in the Caribbean. read more...