November 14, 2018

Archives for August 12, 2018

Cayman Islands Government finances show healthy surplus in half-year 2018

Overall fiscal surplus for year up to 30 June 2018 is $201.1 million, 50% higher than budgeted. Bank balances in cash and deposits also $110.5 million greater than budgeted. Better revenues and lower expenses were among factors for surplus. Grand Cayman (GIS) – In the first half of 2018, Cayman Islands Government’s finances for the […]

The Editor Speaks: “Cayman”. What’s in a name?

See these headlines:   CAYMAN PERMITTED MERE MORTALS TO DREAM CAYMAN WAS FRESH AND ORIGINAL, BUT ALSO SOMEHOW CLASSIC CAYMAN MAY FOREVER HIDE IN THE SHADOW OF ITS OLDER SIBLING A TECHNICALLY IMPROVED CAYMAN CAYMAN CAN CHALLENGE ALL THE CURRENT GENERATION CAYMAN THE LATEST GENERATION CAYMAN BOASTS BETTER CAYMAN MANAGES PERHAPS THE ULTIMATE BALANCE OF […]

Cayman Islands’ WORC appoints Joel Burke as Deputy Director

Workforce Opportunities and Residency Cayman (WORC) has appointed Joel Burke as Deputy Director of Finance, Administration and Customer Service.   Mr Burke takes up his new role on 1 September 2018. He will be charged with responsibility for WORC’s accounting and financial management functions along with managing its human resources and customer service sections.   WORC Interim […]

Royal Cayman Islands Police and Fire Services test drone in simulated Emergency Scenario

BY MARCO MARGARITOFF From The Drive Residents will likely see a substantial increase in law enforcement drone missions. The Royal Cayman Islands Police Service (RCIPS) has been aerially collecting crime scene evidence and conducting remote searches with a DJI Mavic Pro for well over a year now. The drone trial phase has been so successful, […]

Narayana Health announces comprehensive cancer treatment center in Cayman Islands by 2019

CAYMAN ISLANDS (August 8, 2018) – Narayana Health, the Indian health care giant behind Health City Cayman Islands, today announced a December 2019 completion date for a multi-million-dollar comprehensive cancer treatment center at its existing campus in Grand Cayman. Dr. Ashutosh Raghuvanshi, Vice Chairman, Managing Director & Group CEO of the Narayana Health -Group announced […]

LDJ Cayman Fund makes a $4 million investment in Octaneum

NEW YORK, July 11, 2018 (GLOBE NEWSWIRE) — LDJ Cayman Fund Ltd. is pleased to announce that they have completed a $4 million investment to the newly-launched security token offering by Octaneum, a startup that will provide customized blockchain software development and consulting services to organizations in the oil and gas industry. The LDJ Cayman […]

Miss Cayman Islands Universe Committee reaffirms its support of contestants

Grand Cayman, Cayman Islands (10 August 2018) The Miss Cayman Islands Universe Committee has today reaffirmed its support of all of the contestants participating in the upcoming pageant, and is calling on the community to do likewise by attending the event. Ms. Derrie Lee, Chair of the Miss Cayman Islands Universe Committee stated “In light […]

Cayman Islands: Consolidated Water Co. Ltd. reports Second Quarter 2018 Results

PRESS RELEASE PR Newswire Aug. 9, 2018, 07:00 PM GEORGE TOWN, Cayman Islands, Aug. 9, 2018 /PRNewswire/ — Consolidated Water Co. Ltd. (NASDAQ: CWCO), a leading developer and operator of seawater desalination plants, reported financial and operating results for its second quarter ended June 30, 2018. Management Commentary President and CEO Rick McTaggart commented: “Our core […]

Cayman Islands Opposition pledges support to Education Council on announced actions

In pledging his support for the actions disclosed (August 9) by the Chairman of the Education Council for the improvement of the delivery of educational services, the Leader of the Opposition, the Hon. Ezzard Miller, has announced plans for a Private Member Motion for injection of funds for rapid implementation of the most urgent actions. […]

National Hurricane Center watching one area for potential development

From Accuweather There are no active tropical cyclones across the Atlantic basin at this time. However, we are monitoring a cluster of showers and thunderstorms that is currently located around halfway between the west coast of Africa and the Lesser Antilles or over 1,000 miles to the southwest of the Cabo Verde Islands. This area […]