November 23, 2017

Archives for November 7, 2017

Cayman Islands Minister Rivers’ Statement on the Paradise Papers”

Statement on the ‘Paradise Papers’ Minister of Financial Services and Home Affairs, The Hon. Tara Rivers, JP, MLA This weekend the international media published articles based on documents that they are calling the Paradise Papers. These documents, as the public is aware, were taken from servers in a number of Appleby offices. The Cayman Islands, […]

Cayman Islands utility company sends second group of linepersons to assist with restoration efforts in the British Virgin Islands

CUC send second group of linepersons to assist with restoration efforts in the British Virgin Islands A second group of linepersons from CUC’s Transmission & Distribution (T&D) Operations department left Grand Cayman on Sunday, November 5th to assist the British Virgin Islands Electricity Corporation (BVIEC) with the restoration of power following the passing of Hurricane […]

SGG Group now present in the Cayman Islands

SGG Group, a leading global investor services firm, has announced that it is in the final stages of closing the acquisition of Sinclair Fund Services Ltd, a boutique fund administration company based in the Cayman Islands. The Cayman Islands Monetary Authority has approved the transaction and the deal will be closed in the coming weeks. […]

The Editor speaks: When it’s OK to steal

Thou shalt not steal. Right? Right! If you steal you will be punished. Right? Wrong!! Sometimes it’s OK!!! If someone breaks into my house and steals ANYTHING that rightfully belongs to me he is breaking the law and should be punished. If someone, knowingly uses that property that belongs to me, he is breaking the […]

Cayman Islands Permanent Residency Backlog: New figures show 302 approvals

The following are the latest numbers on permanent residency applications as of Friday, 27 October 2017. In the attached you will also find the total for each category, and below a graphical breakdown of the decisions made thus far in percentages.

Miss Festival Queen

Cayman Islands Pirates Week Miss Festival Queen Contestants announced Friday, 10th November, Harbour Drive – 7:15pm Every young lady dreams of being queen on a tropical island; which is why the Festival Queen contest is so very popular amongst Caymanians. Sponsored by the Ministry of Culture, Miss Festival Queen Costume Competition is tailored to ladies […]

Cayman Islands’ Tony Travers says journalists who leaked the Paradise Papers should “be in prison”

Chairman of the Cayman Islands Stock Exchange, Anthony Travers, speaking on the BBC’s “Newsnight” television programme said: “I have no idea what tax haven means and nor do you. What we are talking about is offshore financial centres that have complete transparency, the highest global standards and, incidentally, higher than the United States of America. […]

Southwest Airlines announces new Summer 2018 Service – Houston to Grand Cayman

Grand Cayman, Cayman Islands (7 November 2017) In a much-welcomed announcement for the destination, Southwest Airlines will begin seasonal summer service from Houston, Texas to Grand Cayman in June 2018. This addition of service is set to begin almost exactly on the one-year anniversary of the airlines inaugural service from Ft Lauderdale, Florida which began […]

Health City Cayman Islands to transition to new ownership model

Ascension to Focus on its Other International Efforts (St. Louis) November 7, 2017 — Ascension, the nation’s largest non-profit health system and the largest Catholic health system in the world, has determined that the time is right for its Health City Cayman Islands partnership to transition to full ownership by Narayana Health of India. Ascension […]

Paradise Papers: Jeremy Corbyn [UK Labour Leader] suggests Queen should apologise if offshore funds were to avoid tax

By Richard Vaughn From iNews The Queen should apologise if it is revealed that the decision to invest her private wealth in offshore accounts was done to avoid paying tax, Jeremy Corbyn has suggested. Millions of financial documents and emails, dubbed the Paradise Papers, leaked to the media show that the monarch’s private estate invested […]