Issue No. 799 Monday, 21 March 2005
Business Monday
Rebuilding a Business with Passion
Sitting in the bright new 5100 square
foot OfficeWorx office supply store in Venezia Plaza with his wife Reina, Marcus
Ebanks has come long way since he was boarding up the windows and planning on
sitting out Hurricane Ivan in his store at the Airport Plaza and then a couple
days later standing in the shambles of his life’s work. It all began when Mr
Ebanks was working for Xerox...
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Citigroup sues over fictitious Cayman fund
Citigroup has said it has filed suit in a United States
court against bankrupt Italian food giant Parmalat, alleging that Parmalat
deceived bankers by, among other things, "inventing assets in a fictitious
Cayman Islands hedge fund," and by "forging documents to make it appear that
Parmalat had 4.9 billion dollars in a Bank of America account."
The Citigroup complaint claims that the bank should be compensated....
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IMF finds strong anti-money laundering culture
The International Monetary Fund (IMF) acknowledged that the
compliance and anti-money laundering culture was effective in the Cayman Islands
in a recently published report. Financial Secretary Kenneth Jefferson said:
“Government, the Cayman Islands Monetary Authority (CIMA) and industry leaders
have worked in partnership over time to build a quality financial services
centre.”...
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Lord Wedgewood appears at gallery
 In
his role as ambassador and international spokesperson, Lord Wedgewood appeared
at the Wedgewood Gallery, in Cardinal Avenue, George Town, to meet customers
and talk about the UK based company’s designs and traditions last week.
“Wedgewood has a great heritage and a long list of famous owners including
George Washington’s wife, Martha,” said Lord Wedgewood...
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Moving and shaking at Water Authority
After some recent restructuring, the
Water Authority has promoted Wilda Welcome-Connor, earlier this month, to the
post of Assistant Secretary to the Board/Corporate Communications Officer. The
primary focus of the position is to provide administrative support for the Water
Authority Board and to coordinate PR and marketing initiatives for the
Authority. Formerly most PR activities...
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Entrepreneur of the week -
Steve Myers
Aquariums may not just be about fish, but at the end of the
day it is these incredible underwater creatures that have brought Steve Myers
into the aquarium business. His interest goes a long way back to when he was
nothing more than a toddler. “My Dad told me that when I was just three years
old and went to an aquarium in Australia I had expressed an interest in them and
in looking after fish from that time on."
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OTHER NEWS
ELECTIONS 2005
EDITORIAL
Commentary
DOING BUSINESS LUNCH
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