July 18, 2019

Archives for January 16, 2019

Abraaj founder ordered to pay litigation costs in Cayman Islands court

By Pedro Goncalves From International Investment A Cayman judge has ordered the founder of troubled equity firm Abraaj to pay for the costs of a recent hearing in the jurisdiction regarding the company’s restructure attempts out of his own pocket. At the hearing, Abraaj’s largest creditor, Kuwait’s Public Institution for Social Security  argued that Dubai-based company  […]

The Editor speaks: Why the failure to implement the Standards in Public Life Law?

The Standards in Public Life Law fills the gap in the increasingly comprehensive anti-fraud and corruption regime and our Auditor General Sue Winspear stressed in her recent report titled “Fighting Corruption in the Cayman Islands”, this should be implemented quickly. This law was passed nearly five years ago. North Side MLA, Ezzard Miller, and Chairman […]

On International Mentoring Day, Big Brothers Big Sisters celebrates their longest standing match of 10 years

16TH January 2019 George Town – Tomorrow, Big Brothers Big Sisters (BBBS) of the Cayman Islands is celebrating one of its successes; Cayman’s longest standing match- one that is 10 years old and counting, between Gerardo Ochoa-Vargas and Alex Richardson. Matched in March 2009 Gerado and Alex, initially found they lacked shared interests; fast forward […]

Cayman Islands NHDT breaks ground in East End

From GIS WHO:                                      The Housing Ministry and the National Housing Development Trust WHAT:                                   Groundbreaking for the Affordable Housing Initiative in East End. WHEN:                                   Thursday, 16 January 2019, 10.00 a.m. WHERE:                                 Affordable Housing site off John McLean Drive, behind East End Primary School. PARTICIPANTS:                   Housing Minister Dwayne Seymour, NHDT Chair George Powell, NHDT Board Members, NHDT General Manager Julio […]

Building a more resilient Caribbean

By Richard Branson From Virgin Really excited that BMR Energy has added a solar plant in the Cayman Islands to its portfolio of clean energy projects in the Caribbean and Latin America. I strongly believe we can build a greener, stronger and more resilient Caribbean that’s powered by clean, sustainable energy and accelerated by sound public and private […]

Americans eating dinner

A photographer captured shots of Americans eating dinner for 3 years, and the photos show how different family meal time looks in busy homes across the US By Katie Canales From Business Insider What family meal time looks like in each individual household can vary greatly. It’s something photographer Lois Bielefeld wanted to explore in her series […]

Goldman boss apologises for 1MDB scandal

From BBC Goldman Sachs new boss has apologised to Malaysia for the role an ex-partner played in the corruption scandal at one of the country’s wealth funds. However, chief executive David Solomon also distanced the bank from the scheme, which saw billions embezzled from the state development fund, 1MDB. He said Goldman, which had helped […]

HSM starts New Year with furniture donations 

Several charities in the Cayman Islands have received secondhand office furniture provided by local law firm HSM. The Family Resource Centre recently moved to a new location in George Town and were thrilled to receive a full desk set complete with joining desks, a filing cabinet and bookshelf. One Dog at a Time collected two […]

CariCRIS upgrades Barbados

Caribbean Information and Credit Rating Services Limited (CariCRIS) has upgraded the Regional Scale Local Currency rating of the Government of Barbados (GOB) from CariD (Default) to CariBB, with a stable outlook. We however maintain the Regional Scale Foreign Currency rating of CariD (Default) on the country’s foreign currency denominated debt. The Local Currency Regional Scale rating indicates that the level of creditworthiness […]

These googly-eyed robotic assistants are being rolled out in supermarkets [US]

By Johnny Lieu From Mashable The robots are coming, and they’ll be bearing googly eyes. Marty, as it’s called, is a tall, gray robotic assistant that will be introduced to Giant Food Stores, a supermarket chain which operates in Pennsylvania, Maryland, Virginia and West Virginia. The robots will be introduced in the coming months to […]