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Showing posts from February, 2008

Trinidad & Tobago Wins Stanford 20/20 1 Million USD

COOLIDGE, Antigua, February 25, 2008 -

Trinidad & Tobago, led by William Perkins' aggressive half century and Dave Mohammed four-wicket haul, trashed Jamaica by nine-wicket in a one-sided Stanford 20/20 final at the Stanford Cricket ground on Sunday night.

Replying to Jamaica's mere 91 all out in 16.4 overs, Trinidad & Tobago raced to 94 for 1 in 9.2 overs and secured the Stanford US$1m jackpot, which lost to Guyana in 2006. Jamaica pocketed US$500,000.

Requiring a mere 4.55 runs per over, Trinidad & Tobago lost Denesh Ramdin early when he edged Jerome Taylor (1-19) for wicketkeeper Carlton Baugh to take an easy catch at 14 for one.

However, that bought to the crease the dangerous combination of Perkins and Lendl Simmons, who put on an unbroken 74 runs for the second wicket. They kept the run rate above 10 runs throughout, but it was Perkins who was dictated the pace. He was the more aggressive, especially against pacer Daren Powell and spinner Marlon Samuels.

Perkins,…

Raul Castro Promising New Measures, Old Guard Remains

HAVANA, Cuba, February 25, 2008 -

Raul Castro has officially taken over the reigns of power in Cuba, promising gradual economic reforms and a possible revaluation of the island's currency.

But the 76-year-old who was elected by the 614-member National Assembly on Sunday as the new president, has signalled his intention to stay on the communist course his brother, Fidel Castro took during his near half-century rule of the country - the longest term for any of the world's heads of state.

In addition to keeping the Communist Party's old guard in place, the new president indicated that he would consult with the ailing former leader on all major decisions.

"Fidel is Fidel...Fidel is irreplaceable and the people shall continue his work when he is no longer physically with us, although his ideas will always be with us - the same ideas that have made it possible to build the beacon of dignity and justice our country represents," Raul Castro said in his first speech as presid…

Raul Castro Promising New Measures, Old Guard Remains

HAVANA, Cuba, February 25, 2008 -

Raul Castro has officially taken over the reigns of power in Cuba, promising gradual economic reforms and a possible revaluation of the island's currency.

But the 76-year-old who was elected by the 614-member National Assembly on Sunday as the new president, has signalled his intention to stay on the communist course his brother, Fidel Castro took during his near half-century rule of the country - the longest term for any of the world's heads of state.

In addition to keeping the Communist Party's old guard in place, the new president indicated that he would consult with the ailing former leader on all major decisions.

"Fidel is Fidel...Fidel is irreplaceable and the people shall continue his work when he is no longer physically with us, although his ideas will always be with us - the same ideas that have made it possible to build the beacon of dignity and justice our country represents," Raul Castro said in his first speech as presid…

IRELAND ADDS 2.4MILLION USD TO CARIBBEAN DIASTER FUND

GEORGETOWN, Cayman Islands, February 21, 2008 -

The Irish government will pump US$2.4 million into the Caribbean Catastrophe Risk Insurance Facility (CCRIF) which provides participating governments with quick financial relief in the event of catastrophic hurricanes and earthquakes.

A bulletin from the Cayman Islands-registered CCRIF indicated that the contribution is the latest addition to the regional insurance fund - the first multi-country risk pool in the world, launched in February last year.

Bahamian Prime Minister and current chair of CARICOM, Hubert Ingraham, expressed his appreciation on behalf of the 16 CCRIF member governments for the contribution.
"The consequences of climate change are severe for Caribbean governments, particularly increasing our exposure to natural disasters and making pre-disaster planning paramount. The additional funds contributed by Ireland will further strengthen the Facility and thus the Caribbean governments it serves," he said.

The Irish Go…

IDB financing one-to-one computing project in Haiti

NEW YORK, United States, February 20, 2008 -

The Inter-American Development Bank and the One Laptop Per Child Foundation (OLPC) will finance a pilot project to test whether one-to-one computing can improve teaching and learning in schools in Haiti, the poorest country in the Western Hemisphere.

OLPC makes the XO laptop, a low-cost computer designed for children in places with poor infrastructure. The rugged machine, which uses open-source software, can be powered with car batteries, solar panels or devices such as cranks, pedals and pull-cords.

The IDB will make a US$3 million grant for the pilot project, which will distribute XO laptops to some 13,200 students and 500 teachers in 60 Haitian primary schools. OLPC will contribute US$2 million to the project.

"As one of the poorest countries in the world, deployment in Haiti has always been an important goal for OLPC," said Nicholas Negroponte, founder and chairman of One Laptop per Child. "Doing it with our long standing par…

Offshore Financial Havens FaceTidal Wave of Change Since 9/11

Charlestown, Nevis, February 21, 2003:

On islands like Nevis, where offshore companies outnumber inhabitants, businesses have operated in relative obscurity for years. That is beginning to change.
Nevis' 17,000 companies, few of which have offices on the island, are drawn by confidentiality laws and the lack of taxes - traditions that have given offshore financial havens worldwide a reputation for tax evasion, dirty money and fraud.

But following the Sept. 11 attacks and amid mounting concerns that terrorist organizations hide money in offshore havens, these companies are under greater scrutiny than ever with the introduction of laws such as the USA Patriot Act, which prohibits U.S. banks from doing business with banks that have no physical presence.
"The Caribbean has really come a long way," said Chris Mathers, a consultant who once worked undercover as a money launderer for the Canadian police. "In the '80s, you could fly down to one of these islands with a big …

Texas Tycoon Establishes Bridgehead in the Caribbean

By Camini Marajh

June, 2003:Texan tycoon R Allen Stanford has built a US$14 billion empire on a foundation of old money, business savvy and daredevil commercial ventures in the airline, real estate and financial services sectors.

He is the sole shareholder of 62 companies held under the wing of the signature Stanford Eagle Financial Group spanning seven countries. He is talented, driven, wields enormous power and likes to keep a low profile.

But his business dealings with the Antigua Government of Lester Bird have been getting him more attention than he had bargained for, fuelling reports of influence peddling and campaign contributions, among other things.

But the Texan billionaire, who attracted US State Department and Treasury scrutiny in the past, has dismissed the reports as political and false. He said there was a clear "misperception" to what he was doing in the Caribbean.

A fifth generation relative of the founder of Stanford University in California, the soft-spoken comm…

LUNAR ECLIPSE IN THE CARIBBEAN

A Lunar Eclipse takes place at a Full Moon when the Moon moves into the shadow of the Earth cast by the Sun. This takes place at the same instant for all observers, but the LOCAL time on the clock depends on your time zone!

In North America (Canada & the US), the Total Eclipse takes place during:

Newfoundland ~ 11:30 p.m. - 12:21 a.m.
Atlantic ~ 11:00 - 11:51 p.m.
Eastern ~ 10:00 - 10:51 p.m.
Central ~ 9:00 - 9:51 p.m.
Mountain ~ 8:00 - 8:51 p.m.
Pacific ~ 7:00 - 7:51 p.m.

MEXICO, Central America and the Caribbean include all time zones listed above, so if you're not sure which time zone you're in, just keep your eyes on the skies from 7pm until midnight!

South American time zones range from UTC (GMT) -5 to -3, so the time will be from 10pm until 1am.

In Europe and Africa ~ 3:00 a.m. - 3:51 a.m. UTC (GMT) in the early morning of February 21

Look 1 hour 20 minutes before and after to see the partial phases. In Western regions, the Moon may rise partially eclipsed.

You don't have to…

IMF official warns of tough times ahead, but optimistic

BRIDGETOWN, Barbados, February 14, 2008 - The Deputy Manager of the International Monetary Fund (IMF) has concluded a visit to the Caribbean, expressing satisfaction with the measures put in place by Barbados and countries of the Eastern Caribbean to sustain growth. At the same time, Murilo Portual made it clear that these economies have to continue to be on alert.

During a visit to the region that ended yesterday, the IMF official indicated that Barbados is "well-placed to reap the benefits of globalization" but warned that with a small and open economy, it still had to protect itself from the deteriorating global environment.

"While the times ahead may prove challenging, I am confident that the government of Barbados will tackle such challenges with skill and resolve," he said after ending his visit to that island on February 11.

The senior IMF official also reiterated the fund's commitment to deliver technical assistance to the Caribbean for another three years…

WHAT IS THE CARIBBEAN REVIEW OF BOOKS?

The Caribbean Review of Books (CRB) is a quarterly magazine, and the only publication exclusively covering new Caribbean books and writing, for readers interested in the regional literary scene. The Caribbean Review of Books was also officially incorporated as a non-profit company in 2 March, 2007 under the Companies Act (1995) in the Republic of Trinidad & Tobago. Since its launch in 2004, the CRB has been supported by Media and Editorial Projects (MEP) Ltd. Our other current partners include the Prince Claus Fund.
The original CRB was published in the early 1990s by the University of the West Indies Publishers' Association in Mona, Jamaica. Media and Editorial Projects (MEP), with no source of external funding, has undertaken to revive the CRB as a publication supported by subscriptions and advertising. The revived CRB was launched with a special pilot issue in May 2004, with regular issues following every three months.Each issue includes reviews of new and recent …

DEBATE WIDENS OVER EPA

The Struggling Economic Partnership Agreement (EPA) between the Caribbean and Europe. Published by The Trinidad and Tobago Review The Lloyd Best Institute of the West Indies.A sharp debate which pits tow Caribbean leaders against each other, has broken out over the EPA which is due to be signed on March 15th. On one side is the growing lobby for a full and public review of the agreement.
That lobby, which supports the stance taken by Guyana President Bharrat Jagdeo, is being organized in cyberspace on a website created by Norman Girvan, one of the most senior Caribbean economists.
Some of the most eminent voices across the English and non-English speaking Caribbean have already added their names to the petition including Rex Nettleford, Kari Levitt, Havelock Brewster, C.Y. Thomas, Micheal Witter, Clairemont Kirton and Girvan himself. Emerging as the leader of the other side of the debate has been Jamaican Prime Minister Bruce Golding who rose to the fore last week with a scathing attac…

THE CARIBBEAN'S BIGGEST AND BEST BUSINESS TO BUSINESS EVENT

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Buyers & Distributors: Discover raw materials, goods, and services for every type of business. TIC showcases the widest range of high quality competitively priced products form the Caribbean and the world. Exhibitors: Thousands of local, regional and international buyers and potential business partners will be at TIC 2008. Come prepared to sell to the world. Investors: Be with us for the inaugural year of the brand new TIC Investment portal. Discover joint venture and investment opportunities in the Caribbean and Latin America.
See link on side bar for free registration.

VISIONING CARIBBEAN INTELLIGENCE

Anything worth doing should start with a vision, this blog is no different. This blog was conceived after the network on Linkedin and Plaxo left much to be desired in term of functionality and in the case of Plaxo, who makes it hard for members to stay on point. In my opinion, a group that is formed for a particular purpose should stick to that topic no matter what. It is a major challenge to do that on Plaxo which has it good points.. Its too easy to post an off topic to all the groups. In fact, all group posts are automatically posted to the Everyone page. Think that if you wanted to share with everyone, then why join a group with a particular interest. For this reason this blog was created. The intention here is to ...

Provide relevant local and regional news, links to other Caribbean sites, business contacts and referrals while getting daily commentary on Caribbean business as it is affected globally.Provide a taste morsel of each country in the Caribbean through a network…

Trinidad Carnival

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THE CARIBBEAN BASIN THINK TANK

Why Blog?

This blog was established to support the growing membership on Plaxo and Linkedin. The group platform on Linkedin leaves much to be desired and although Plaxo is more flexible it's impossible for the members to stay on topic. In my humble opinion, nobody joins a group with the intention of discussing a specific issue and instead must read various topics.

This blog is solely about issues related to the Caribbean.

Here you will get the latest Caribbean news stories making it easier to get a sense of the business climate of the particular island of interest. You also get access to people inside each country so that you can request for information related to your business. There will be no blatant advertising on this blog except with the moderator's approval.

The Linkedin and Plaxo group members now have a place where they can find information relevant to their business and opportunities in which they can become involved. But this blog is open to everyone even if you ar…