Legal / Regulatory

Call Rates to Drop Significantly… Very Soon

As the cost of communicating is one of the biggest expenditures for any individual or business, we are very happy to hear of any proposed changes that will help to make it lower. Additionally, if it will help to increase competition, even more so.

The Gleaner reports;

Government is pushing to have amendments to the Telecommunications Act established into law by weekend, enabling the Office of Utilities Regulation (OUR) to set interim wholesale and retail telecommunications rates. Continue Reading

Legal / Regulatory

Dominican Rolling In Some Deep Dirty Money

Dominica is not usually known for or associated with criminality. That is exactly why this new revelation about how expansive money laundering is in the country, is so shocking.

As much as US$1.06 billion or nearly 2% of the country’s Gross Domestic Product is derived from monies laundered by criminals, tax-evaders and so forth each year. Continue Reading

Legal / Regulatory

Link: The Fact is, Digicel, Knows LIME is Important for Business. Makes No Sense Being a Monopoly.

LIME has been arguing for lower termination rates which would allow it to compete more effectively, with Sinclair saying last month that the company would be supportive of an interim $5 termination rate โ€” the rate now is over $10. … Continue reading

No Stanford Verdict Till Monday!

A verdict in the fraud trial of the dethroned and disgraced Allen Stanford will not be made public before Monday, owing to the unavailability of U.S. District Judge David Hittner to accept the verdict before that time.

Stanford, who is facing a whopping 14 counts in his indictment, is accused of defrauding as much as $7 BILLION from his investors. Continue Reading

Legal / Regulatory

JSE Gunning to Kill Crappy Reporting

The Jamaica Stock Exchange (JSE) and the Institute of Chartered Accountants of Jamaica (ICAJ) have teamed up to highlight and eradicate sub-standard reporting by companies listed on the JSE.

General manager of the JSC, Marlene Street-Forrest says the Memorandum of Understanding (MOU) with the ICAJ is “part of its plan to improve the standard of financial reporting by companies listed on the stock exchange”. Continue Reading

Legal / Regulatory

Sex, Lies and Video Tapes – The Stanford Trial is Pure Drama!

Well..not very accurate, but you get the drift. DRAMA!

The transcript for the trial of debased CEO, Allen Stanford with all the double cross, back-stabbing, “don’t blame me, blame him” speeches is reading more like the script for an episode of Spartacus than anything to do with finances.

In the most recent sitting of the court in the case of the U.S. v. Stanford a former manager claims that the day to day running of the Stanford Financial Group was handled by former CFOย James M. Davis (now turned stool-pigeon for the prosecution). Continue Reading

Legal / Regulatory

Even Dumb Caribbean Investors and Shareholders Know They Deserve Better

Dumbass! What do you know about investing?

For Investors, one of the world’s greatest innovations is the internet. It exposes you to company performance, news, releases, and creates access in ways that were once limited to only certain classes of persons like analysts and ‘official’ media.

I’ve noticed just by browsing over time, that company releases, investor relations, and corporate disclosures are handled way much more better and transparent, than our local (Jamaican/Caribbean) markets. I’ve noticed this in at least two ways; Continue Reading

Legal / Regulatory