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C&W Networks wins fourth consecutive Best Caribbean Wholesale Carrier award

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PARIS, FR and MIAMI, FL – November 10, 2016C&W Networks, a division of C&W Communications (C&W), one of the largest full service communications and entertainment providers in the Caribbean and Latin America region, now part of Liberty Global (LiLAC Group), again won the Best Caribbean Wholesale Carrier award on November 8 at the 12th Global Carrier Awards in Paris. The award recognizes C&W Networks’ innovation in new service technology, excellence in customer experience and leadership in the wholesale telecoms market across the Caribbean region.

The Global Carrier Awards have become the most prestigious awards among the wholesale telecoms industry by celebrating innovation, excellence and vision and setting the benchmark for performance throughout the marketplace.  The awards were independently judged by a panel of over 20 judges, which includes leading analysts, industry experts and the senior editorial team of Capacity magazine. The judging panel was carefully selected to cover a wide range of market areas and regions and were aided by a new scoring system, which was refined for 2014 to ensure that the shortlisting and winners decisions remained objective and transparent.  This year’s submissions attracted a record number of over 200 entries.

“C&W Networks won the Best Caribbean Wholesale Carrier award at the 2016 Global Carrier Awards in our brand new Paris location. In recognition for increasing revenue and profitability, network reach, scale and reliability this provider of choice in the Pan-Caribbean region boasts a world-class Net Promoter Score of 50% above industry standard,” said the Global Carrier Awards organization. “And with its demonstrated success in completing strategic acquisitions, ongoing network expansion and rollout of innovative services this carrier continues to exceed all expectations.”

“We are elated to be recognized as the Best Caribbean Wholesale Carrier for the fourth time across the region. We are very proud to receive this recognition for our success in a challenging and rapidly evolving marketplace.  In anticipation of growing customer demands that rely more and more on advanced technologies, we’ve greatly expanded our capabilities in new services and network security over the past year – which the judges recognized tonight.  The award highlights the commitment of our teams and their tireless efforts across the region to better serve our carrier clients and their customers and our ongoing commitment towards striving to be the best Caribbean telecoms carrier,” said Paul Scott, President of C&W Networks.

In selecting C&W Networks as the Best Caribbean Wholesale Carrier winner, the judges recognize that the company operates the largest subsea network across the Pan-Caribbean region, serving over 260 local, regional and international carriers.  Its diverse IP backbone, along with its over 38,000 in-country fiber backhaul and local terrestrial networks that are continually expanding throughout the region were also key factors that impressed the selection committee.  In addition, the selection committee noted the beneficial impact to the region from C&W Networks that has enabled unmatched scale and reach spanning some 48,000 kilometers of submarine fiber reaching 42 countries.

“Throughout 2016, we have been laser focused on finding the best ways to connect, protect, manage and optimize carrier services for our clients and their customers. We are enabling them to capture new revenue, protect profits, and grow their businesses.  We are proud to be providing the tools they need to be successful in today’s global telecoms market and will continue to deliver greater connectivity, flexibility and scalability across the Caribbean region,” said Scott

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Bahamas News

Brave presentation in defence of Bahamas’ financial services reputation by PM Davis

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By Sherrica Thompson

Staff Writer

 

#TheBahamas, October 1, 2022 – Prime Minister of the Bahamas Phillip ‘Brave’ Davis is again calling for equality in the financial services sector and for the United Nations to leverage its universal jurisdiction for greater oversight of global anti-money laundering de-risking and tax cooperation matters.

In addressing the United Nations General Assembly on Saturday, September 24, Prime Minister Davis said the Bahamas is one of the best-regulated countries in the world, yet it has been under attack by international bodies and placed on the Organisation for Economic Co-operation and Development (OECD) blacklist while transgressions in the developed world are ignored.

He questioned why this was the case and highlighted some disparities in the financial sector.

“Why is it that European states that operate frameworks akin to that of high-risk or blacklisted countries, are not even eligible for inclusion on these lists? Why are all the countries targeted – all of them – small and vulnerable, and former colonies of European states? We find it astounding that the $2-$3 trillion dollars which is estimated to be laundered each year through the developed countries, are never flagged as causes for concern,” articulated Phillip Davis, addressing the 77th session in New York.

Prime Minister Davis further noted that there are elements of racism in the decision-making when it comes to regulating black-governed countries in the financial services sector. He also declared that black-governed countries matter as well.

And yet my country, which is widely recognized as one of the best-regulated countries in the world, and other countries like The Bahamas, are singled-out for such reputational attacks? The robust regulatory regimes of our Central Bank, Securities Commission, and Insurance Commission, are chastised on minor details of technical process, while much bigger transgressions in the developed world are ignored.

The evidence is mounting, that the considerations behind these decisions have less to do with compliance, and more to do with darker issues of pre-judged, discriminatory perceptions. Black-governed countries also matter.”

 Davis also highlighted the need for reforms that apply to all in the global financial system.

“Mr. President: We support the call for reforms in the global financial system to make it more relevant to the needs of today. But those reforms need ambition. They need to go beyond the incremental. And they need to apply to all. For example, the community of international financial institutions are in a position to forgive the debt incurred by the economic shutdowns during the COVID-19 pandemic. They should do so.”

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Will US President Biden deliver on Climate Change funding?

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By Dana Malcolm

Staff Writer

 

#USA, October 1, 2022 – US President Joe Biden has reiterated his promise that low income countries, which are also low carbon emitters will receive increased climate aid from the US to the tune of $11 billion per year.

The President was speaking at the 77th session of the United Nations General Assembly recently where he maintained his administration was working with Congress to get the funds which would ‘help lower-income countries implement their climate goals and ensure a just energy transition.’

The plan was announced in September 2021 and is a reflection of the USA’s part in the 2010 global pledge made by developed countries to give $100 billion annually in climate financing to developing nations each year.  Biden has indicated that the plan will be in effect by 2024.

While he stressed at the UN that the need is ‘enormous’ the President is having trouble convincing lawmakers at home.  So far the funding which must be approved by Congress has not materialized. The United States Congress is known for having a particularly tight hold on the national purse in regards to climate change funding.

In fact congress dedicated only a little over $1 billion to climate change this year according to Bloomberg.  The US also has a history of promising funding for climate change but not delivering on those high priced promises.

Whether this $11 billion will actually get to nations like those in the Caribbean region is yet to be seen.

This year, the General Assembly heard from 190 speakers, including 76 Heads of State, 50 Heads of Government, four Vice-Presidents, five Deputy Prime Ministers, 48 Ministers and seven Heads of Delegations according to General Assembly President Csaba Kőrösi as he summed up the first in-person General Debate since the start of the COVID-19 pandemic.

 

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Caribbean News

Hurricane Ian impact on Cayman Islands

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By Sherrica Thompson

Staff Writer

 

#Cayman, October 1, 2022 – The Cayman Islands experienced fierce winds and high seas from Hurricane Ian on Monday, as the storm passed offshore, causing little lasting damage.

Some areas on the island experienced flooding as low-lying condo complexes and some residential back roads were inundated with water. Almost 4,000 homes were without power on Monday; however, most had electricity restored by the evening.

There were also no reports of any injuries, deaths, or serious structural damage.  The country started its restoration process on Monday afternoon, clearing debris from the roads, surveying the damage and providing support to residents where needed.

In a statement on Monday afternoon, Premier of the Cayman Islands Wayne Panton said he was pleased with how residents handled the situation.

“While we have been very fortunate to have been spared the worst of a potentially very serious storm, I’m extremely pleased to have seen the efforts made by the Caymanian public to prepare for ‘the worst, while praying for the best. In this situation, this is simply the safest, most strategic thing to do,” the Premier said

Despite the all-clear being issued on Monday evening, the Ministry of Education announced that government schools will remain closed to students until Wednesday, 28 September.

Meanwhile, in Cuba, authorities have declared emergencies in six areas, with forecasters warning of storm surges on the coast along with flash floods and mudslides.

Tens of thousands of people were told to leave their homes and seek shelter. Cuba could see up to 12 inches of rain from Hurricane Ian.

Hurricane Ian dramatically intensified and is blamed for at least two dozen deaths in Florida; where the storm struck with near category five force winds and a near 20 foot storm surge.

Over 700 rescue operations were activated in Florida in the aftermath of the storm, which is still wreaking havoc in the U.S.

 

Cayman photo credit:  RC Cord

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