LATEST ARTICLES
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Veteran Senator Emerges as Player on Immigration Overhaul
By ASHLEY PARKER | NYTimes
May 20, 2013WASHINGTON — As proponents of a new immigration overhaul cast about for a Republican ally to help give their bill an extra boost, they have focused on a 79-year-old lawmaker with new hipster glasses (from Costco), black Nike sneakers (for his bad arches) and, perhaps most important, a deep and complicated relationship with immigration policy: Senator Orrin G. Hatch of Utah.
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Japan’s New Optimism Has Name: Abenomics
By MARTIN FACKLER | NYTimes
May 20, 2013TOKYO — After years of grinding malaise, Japan suddenly has some of its bling back.
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Apple’s Web of Tax Shelters Saved It Billions, Panel Finds
By NELSON D. SCHWARTZ and CHARLES DUHIGG | NYTimes
May 20, 2013WASHINGTON — Even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents and went beyond anything most experts had ever seen, Congressional investigators disclosed on Monday.
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Sky High and Going Up Fast: Luxury Towers Take New York
By CHARLES V. BAGLI | NYTimes
May 18, 2013Only 10 floors have been completed in what is intended to be the tallest residential building in the Western Hemisphere — a slender, 84-story tower on Park Avenue at 56th Street in Manhattan. But the top penthouse is already under contract for $95 million.
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Japan’s Economy Growing at 3.5% Annualized Rate
By HIROKO TABUCHI | NYTimes
May 16, 2013TOKYO — In the first sign that the bold policies of Prime Minister Shinzo Abe are gaining traction in the real economy, Japan’s gross domestic product grew at a robust annualized pace of 3.5 percent in the first quarter, kindling hopes that recovery would finally take hold for the long-suffering economic power.
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Steve Jobs’s Widow Debuts on Philanthropic Stage
By PETER LATTMAN and CLAIRE CAIN MILLER | NYTimes
May 17, 2013Marlene Castro knew the tall blonde woman only as Laurene, her mentor. They met every few weeks in a rough Silicon Valley neighborhood the year that Ms. Castro was applying to college, and they e-mailed often, bonding over conversations about Ms. Castro’s difficult childhood. Without Laurene’s help, Ms. Castro said, she might not have become the first person in her family to graduate from college.
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Onset of Woes Casts Pall Over Obama’s Policy Aspirations
By PETER BAKER | NYTimes
May 15, 2013WASHINGTON — Thwarted on Capitol Hill, stymied in the Middle East and now beset by scandal, President Obama has reached a point just six months after a heady re-election where the second term he had hoped for has collided with the second term he actually has.
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Euro Zone Economy Shrinks; Recession Returns in France
By DAVID JOLLY | NYTimes
May 15, 2013PARIS — The euro zone economy shrank more than expected in the first three months of 2013, official data showed Wednesday, marking a sixth consecutive quarter of decline as France returned to recession for the first time since 2009 and Germany marked time.
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Subscribers Fear Bloomberg Is Becoming Their Rival
By PETER EAVIS and NATHANIEL POPPER | NYTimes
May 14, 2013Long thought of as a company that serves the needs of Wall Street firms, Bloomberg L.P. is quietly becoming more like them, moving recently into businesses that have been the domain of the largest banks.
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U.S. Budget Deficit Shrinks Far Faster Than Expected
By ANNIE LOWREY | NYTimes
May 14, 2013WASHINGTON — Since the recession ended four years ago, the federal budget deficit has topped $1 trillion every year. But now the government’s annual deficit is shrinking far faster than anyone in Washington expected, and perhaps even faster than many economists think is advisable for the health of the economy.
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Landlords Double as Energy Brokers
By JAMES GLANZ | NYTimes
May 13, 2013The trophy high-rises on Madison, Park and Fifth Avenues in Manhattan have long commanded the top prices in the country for commercial real estate, with yearly leases approaching $150 a square foot. So it is quite a Gotham-size comedown that businesses are now paying rents four times that in low, bland buildings across the Hudson River in New Jersey.
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San Diego Mayor Building Economic Bridges to Tijuana
By JENNIFER MEDINA | NYTimes
May 12, 2013SAN DIEGO — Opening a satellite city office in a far-flung neighborhood is not unusual in sprawling cities like this one. But one thing sets apart Mayor Bob Filner’s newest outpost: it is in another country.
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As British Prime Minister Visits Washington, His Party Splits Over European Union
By STEPHEN CASTLE and ALAN COWELL | NYTimes
May 13, 2013LONDON — His visit to the White House overshadowed by toxic divisions at home over Europe, Prime Minister David Cameron of Britain won the support of President Obama on Monday in seeking to calm a clamor within the Conservative Party for further and faster moves toward an exit from the European Union.
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In Taiwan, Lamenting a Lost Lead
By KEITH BRADSHER | NYTimes
May 12, 2013TAIPEI, Taiwan — Jonney Shih, the chairman of Asustek Computer, has epitomized the Taiwanese electronics engineer for a generation: a slender figure in rumpled, baggy trousers, he once helped Intel solve heat problems in its Pentium 4 microprocessors.
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Global Financial Leaders Avoid Public Rift With Japan
By STEPHEN CASTLE and JULIA WERDIGIER | NYTimes
May 11, 2013Finance ministers from leading global economies on Saturday avoided a public rift with Japan over policies driving down the value of its currency, while keeping up pressure on Germany to help lift growth in Europe.
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The Mellowing of Maxine Waters
By BEN PROTESS | NYTimes
May 11, 2013OVER her 22 years in Congress, Maxine Waters has likened bank executives to “gangsters,” snarkily addressed them as “captains of the universe” and threatened to tax their companies “out of business.”
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The Big Seven: Major Takeaways From The American Express Publishing Luxury Summit, 2013
By Susan Kime in Auto, News
May 14, 2013Less than a week ago, the American Express Publishing Luxury Summit concluded its 2013 program, this year at the St. Regis Monarch Bay in Southern California. This year, its theme was Luxury: The Remix 2013, and examined the evolving needs of the affluent consumer on all tiers, from the midlevel millionaire, to the core affluent to the Ultra High Net Worth population.
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As economies shift, a new luxury traveler emerges
By Arnie WeissmannR | Travel Weekly
May 14, 2013DANA POINT, Calif. — A seismic shift in who is buying luxury and what they’re looking for has recently occurred, and marketers of high-end goods and services were recently put on notice that last year’s assumptions are decidedly wrong, and last month’s may be suspect.
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What's The Future For Ultra-Luxury?
Russ Alan Prince, Contributor | Forbes Insights
May 15, 2013The sales of ultra-luxury services and goods are booming. This trend is likely to continue because the number of exceptionally wealthy individuals is increasing arithmetically. More telling is that their levels of wealth are magnifying at an even greater rate.
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United Airlines Announces Daily Flights between Chicago and Puerto Rico’s San Juan
Caribbean News Digital
May 2013United Airlines announced today that it will begin daily flights from its hub at Chicago's O'Hare International Airport to the Luis Munoz Marin International Airport in San Juan, Puerto Rico, on Nov. 5, 2013.
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New private jet operator targets ultra-affluent travelers with bespoke tours
By Erin Shea
May 6, 2013New private jet operator Intrav Private Jet is targeting ultra-affluent travelers with a bespoke planning service to personalize around-the-world tours.
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Dubai Opens Tourism Office in South America
Caribbean News Digital
May 5, 2013Dubai’s Department of Tourism and Commerce Marketing (DTCM) is planning to open an office in Brazil in a bid to attract visitors from the growing South American tourism market. The announcement was made at the World Travel Market Latin America in Sao Paulo, Brazil. Dubai welcomed approximately 40,000 visitors from Brazil last year.
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Presenting the Winners of the 2013 World Superyacht Awards
World Superyacht Awards
May 4, 2013Tonight in the magnificent surroundings of the Çırağan Palace Kempinski, set overlooking the historic Bosphorus waterway, the superyacht industry's finest gathered for the most anticipated event in the yachting calendar - the eighth annual World Superyacht Awards.
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Isle of Man lures superyachts on to its books
By Andrew Bounds
May 2, 2013Better known for its annual TT motorcycle races, the Isle of Man is aiming to move upmarket by attracting more superyachts.
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Deal over tax havens disclosure
Belfast Telegraph
May 2, 2013A deal that commits a fresh wave of so-called tax havens into disclosing the bank details of British taxpayers is due to be signed.
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George Osborne claims progress in tax haven plan
Patrick Wintour, Juliette Garside and Ben Quinn | The Guardian
May 2, 2013George Osborne claims to have won a significant victory in his campaign to open up secretive British tax havens by revealing that all British overseas territories with significant financial centres have signed up to the government's strategy on global tax transparency.
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Steve Harvey Introduces Viewers to British Virgin Islands
Kaletha Henry | Public Relations Coordinator, BVI Tourist Board
May 22, 2013Tortola, British Virgin Islands, May 22, 2013 – Famous comedian and talk show host Steve Harvey introduced his global audience to the British Virgin Islands on 16 May during a prizegiving segment on his hit daytime talk show.
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Porto Ercole - The Right Time For Cirillo's 'Fantastica'
INTERNATIONAL MELGES 32 CLASS ASSOCIATION
May 2013Porto Ercole, Italy - Opening day at the 2013 Melges 32 Audi Sailing Series commenced with three races after a morning spent remembering Olympic Medalist Andrew 'Bart' Simpson (2008 Gold in Beijing and 2012 Silver in London) who died in a tragic accident during a training session aboard AC72 Artemis Racing on San Francisco Bay on Thursday.
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Harneys launches 2nd annual reading competition at adopted school and makes other notable contributions to community groups
Rahel Worede | Harneys
May 8, 2013British Virgin Islands based international law firm Harney Westwood & Riegels has launched its second annual reading competition at the firm’s adopted school, the Francis Lettsome Primary School (FLPS) in Greenland, Tortola. Held under the theme “Winners Read and Readers Win”, the competition is designed to encourage each student to read a minimum of 10 books over a two month period. The contest also encourages reading comprehension by requiring participants to submit book reports on each book they read.
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Mourant Ozannes named International Legal Team of the Year at STEP Caribbean Awards
Mourant Ozannes
May 7, 2013Mourant Ozannes has been named Legal Team of the Year at the inaugural STEP Caribbean Awards. The awards have been established by STEP Caribbean in 2013 to highlight excellence among private client lawyers.
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PETER ISLAND RESORT & SPA LAUNCHES THE ISLAND-ATHLON CHALLENGE
PETER ISLAND RESORT & SPA
April 30, 2013New York, NY, April 30, 2013 – This month Peter Island Resort & Spa, in the British Virgin Islands launches the Peter Island-Athlon Challenge for guests looking for a fun-filled, scenic, athletic challenge and a new, adventurous way to enjoy their private island vacation.
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Congratulations CAF! for an outstanding showing at Districts this year!
Caribbean Advertising Federation
April 24, 2013And a special thank you to those of you who made the trip to Jacksonville, Florida to celebrate - Ross Advertising, Everything Slight Pepper,McCann Puerto Rico and Generousitas. What a great group of people to celebrate with, congratulations to all of you on your extrodinary achievements.
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Stay Tuned! more exciting news to follow.
Happy Creating
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Mourant Ozannes named best offshore law firm at HFM Week Awards
MOURANT OZANNES
April 24, 2013Mourant Ozannes has been named Best Offshore Law Firm at the HFM European Hedge Fund Services Awards. The awards recognise outstanding support and service to the European Hedge Fund industry and celebrate those service providers that have outperformed their peers through the volatility of the past twelve months.
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CECILE GAUERT JOINS SHOWBOATS INTERNATIONAL EDITORIAL TEAM
Boat International Media
April 24, 2013Fort Lauderdale, FL – Boat International Media announces Cecile Gauert has joined ShowBoats International magazine’s editorial team as senior editor. A well-known editor in the superyacht community, Gauert further adds to Boat International Media’s deep well of journalistic experience. In her new role, she will provide readers with the sort of high-caliber news and feature stories that have kept ShowBoats International – the original U.S. superyacht publication – the leader in the North American market.
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O'Neal Webster celebrates second QC appointment
O'Neal Webster
April 2013It is with great pleasure that the partners of O'Neal Webster announce that litigation partner, Paul Dennis, has been elevated to the rank of Queen's Counsel. His appointment took effect on March 18, 2013.
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Camper & Nicholsons Crew Placement Division Receives MLC 2006 Compliancy
Camper & Nicholsons International
April 2013Camper & Nicholsons are proud to announce that on the 23rd April the Crew Placement Division passed the MLC 2006 Convention requirements to become a fully compliant crew placement agency. This important Convention will come into force in August 2013 and will clarify the rights and responsibilities of all crew members, ensuring the highest possible standards are met by all candidates before they board a yacht.
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O’Neal Webster hires Chris McKenzie to further strengthen Private Client Team
O'Neal Webster
April 2013The firm is pleased to confirm that Christopher McKenzie TEP MA (Oxon) will be joining O’Neal Webster as a Partner of our private client practice from 1st May 2013.
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Day-trippers Kayak to the BVI to Promote Physical Fitness
BVI TOURISM
April 18, 2013Tortola, British Virgin Islands, April 18, 2013 – The St. Thomas Seventh-Day-Adventist Pathfinders Club participated in a Kayak-a-thon between USVI and the BVI on April 14th, in efforts to promote physical fitness amongst adolescents.
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BVI, Cayman to enter into FATCA Model 1 agreements with US
HARNEYS
April 15, 2013The US Foreign Account Tax Compliance Act, commonly referred to as FATCA, became effective earlier this year, and foreign financial institutions (“FFIs”) in every jurisdiction, including in the British Virgin Islands (“BVI”) and the Cayman Islands, will be required to make certain reports to the US Internal Revenue Services (the "US IRS").
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The BVI Tourism Industry Gained Key Connections through the 2013 BVI Marketplace
April 12, 2013Tortola, British Virgin Islands, April 12, 2013 – The BVI Tourism Industry gained the opportunity to foster new and current relationships with the British Virgin Islands Tourist Board and various local associations, airlines and overseas agencies at the 2013 BVI Marketplace held April 11, 2013.
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STATEMENT BY THE PREMIER OF THE BRITISH VIRGIN ISLANDS (BVI) TO THE PEOPLE OF THE BVI
April 10, 2013
FINANCIAL SERVICESLadies and Gentlemen,
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By now you would have heard that information related to the operations of two BVI Trust companies, have been obtained by an international consortium of journalists and have led to widespread reporting of stories in the international media about the BVI Financial Services Industry, many of which are inaccurate
