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Items tagged with: liabilities
Tag was last used: Apr 5, 2009
 
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Posted By:  zephyr
Posted On:  Apr 5, 2009

  Guyana government to bear cost if efforts to recover Bahamas investments fail, says president
GEORGETOWN, Guyana: President Bharrat Jagdeo says the Guyana government may phase an allocation of US$34 million over a ten-year period to be borne by the treasury should the monies invested by CLICO Guyana in CLICO Bahamas not be recovered, further bolstering the guarantee he made to...... [view]
Posted By:  zephyr
Posted On:  Mar 14, 2009

  Judicial manager says CLICO-Guyana review will take another month
GEORGETOWN, Guyana: The Commissioner of Insurance in Guyana, Maria van Beek, said that the probe into the financial status of the CLICO (Guyana) insurance firm, hit by problems with its Trinidad-based parent company, will take about another four weeks but advised clients whose policies are still...... [view]
Posted By:  zephyr
Posted On:  Mar 12, 2009

  More Questions Than Answers In CLICO Failure
By CANDIA DAMES, Guardian News Editor - candia@nasguard.com: The CLICO debacle has ensnared a wide range of countries across the region and has raised questions about whether regulators' early warning systems failed to detect the disastrous decision making that triggered a multi-nation...... [view]
Posted By:  zephyr
Posted On:  Mar 3, 2009

  Bahamas PM makes lengthy address to Parliament on CLICO
By Oscar Ramjeet: Caribbean Net News Special Correspondent - Email: oscar@caribbeannetnews.com: NASSAU, Bahamas: Bahamas Prime Minister Hubert Ingraham has made a lengthy presentation to Parliament about CLICO Bahamas Limited, which went into liquidation because it was unable to pay...... [view]
Posted By:  zephyr
Posted On:  Oct 13, 2008

  From crisis to panic
By ASIM ERDİLEK: It is no longer just a global financial crisis waiting to be ended by government rescue plans of this sort and that sort, here and there. What we now have is a full-blown global financial panic, seemingly impervious to plans of any sort, which last week caused a brutal...... [view]
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