The majority shareholding of the Eastern Caribbean Amalgamated Financial Co Ltd (ECAFC), which has been established to oversee the operations of Sir Allen Stanford’s Bank of Antigua (BoA), will remain in local hands.
A law firm in Curacao is taking legal action against Sir Allen Stanford’s Group on behalf of investors who have lost access to their money in light of the billionaire businessman’s alleged fraud.
The leader of the main opposition People’s Action Movement (PAM) has written to the chairman of the Organisation of Eastern Caribbean States (OECS) expressing concern that there might be attempts at fraud in the registration process in the lead-up to general elections due this year.
The St Kitts and Nevis Cabinet has agreed to form a committee to investigate the state of the job market in the twin-island federation.
Absenteeism is taking a toll on employers in Barbados to the tune of over BDS$4 million (US$2 million) a year.
A commission set up to probe what the ruling United Workers Party (UWP) claims was mismanagement by the former St Lucia Labour Party (SLP) government has been sworn in and will begin formal hearings today.
It’s the new dance craze here and many artists have hopped on the bandwagon. But when the latest “daggering” song hit the airwaves, government, broadcast regulators, civil society and others in Jamaica said enough is enough.
The Bank of Antigua (BoA), which was part of fraud accused Sir Allen Stanford’s empire, will from today be run by a consortium of Eastern Caribbean indigenous banks, following a takeover of the financial institution by the Eastern Caribbean Central Bank (ECCB).
Prime Minister Baldwin Spencer and two of his United Progressive Party (UPP) colleagues have started libel action against an opposition candidate after allegations made by him on the campaign trail.
LIAT has sought to make it clear that Sir Allen Stanford has no stake in the regional airline, despite talks with the investor a few years ago.
In another move to clean up the airwaves, Jamaica’s Broadcasting Commission has banned all music that contains sexually explicit lyrics and glorifies and promotes violence.
The International Monetary Fund (IMF) has approved US$6.9 million in emergency financing for Belize to help support the nation’s recovery from the economic after-effects of serious storm damage and flooding last year.
The Bahamas has signed a deal with China that will see that Asian country helping to boost agriculture and marine resources in the Caribbean island.
Brazil is to open embassies in four more Caribbean nations.