May 29, 2017

29 May 2017 Weather in Cayman

May 29 Monday 2017 Synopsis Light to moderate easterly winds and slight seas will continue across the Cayman area for the next 24 hours in association with a weak ridge of high pressure over the Cayman area. Radar images show scattered showers about 55 miles southeast of Grand Cayman which are moving towards the west-northwest. […]

Cayman Islands election result could see unpopular elements of Cayman pension reforms law tweaked

By Helen Burggraf From International Investment Recent reforms by the Cayman Islands government to its pensions laws, which had been defended on grounds that they would bring the country’s pensions regime in line with pension regulations in the rest of the developed world, could be affected by the outcome of a general election held on […]

Observer group gives Cayman Islands high marks for fairness at polls

From Jamaica Observer GEORGE TOWN, Cayman Islands (CMC) – The Commonwealth Observer team that monitored the recent general election says the country “amply met the international standard” for democratic and transparent elections.The group led by Steve Rodan, president of Tynwald in the Isle of Man, says the outcome of Wednesday’s general election reflected the “will […]

iNews Briefs & Community Events

Sheriff Gets 4 Years In Prison For Running E-Cigarette Business Behind Bars By Ashlee Kiele From Consumerist If there’s one thing we’ve learned from movies and TV shows about prison, it’s that cigarettes are a popular currency behind bars, and apparently the same holds true for e-cigarettes. But if you’re a sheriff caught running a lucrative […]

The Long Black Train

Wayne is philosophical, sad, disappointed but not angry By Colin Wilson I met with Wayne Panton, former Minister of Financial Services, who did such an excellent job in the four years he was in that position. Our reputation abroad soared and he worked many late hours on putting right the mess previous Government Premier McKeeva […]

Who doesn’t know the Cayman Islands is a great place to hide money? The Cayman Islands

From Transparency International When the topic of money laundering comes up, authorities of tax havens tend to protestinnocence while committing to ‘upholding the highest international standards’. These paper commitments are generally worth little unless they are put into practice. Take the Cayman Islands. In early May, the government quietly released an executive summary of its […]

Record attendance at Cayman Islands Lions sprint swim meet

All four clubs and the Special Olympic athletes competed at the Lions Pool for their annual sprint swim meet with a record attendance of 179 athletes.  Stingray Swim Club, Camana Bay Aquatic Club, Seven Mile Swimmers, Brac Barracudas and Special Olympians all raced head to head in this event geared towards younger swimmers. Meet Director, […]

Caribbean Utilities Company, Ltd.

Caribbean Utilities Company, Ltd. announces closing of US$20 million second tranche of aggregate US$60 million private placement of senior unsecured notes ______________________________________________________________________________ CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE. Grand Cayman, Cayman Islands – Caribbean Utilities Company, Ltd. (TSX:CUP.U) (“CUC” or […]

Letter to the Editor

What about the forgotten ex-pats? I am sure many of the ex pat voters are truly p***ed off. Without the financial guys who gambled their lives in coming here with nothing the island would have been nothing. The same people that started and ran the sports clubs. Many came and returned home and thus forgotten. […]

SIR RONALD SANDERS: Competition for benefits of second citizenship is global

By Sir Ronald Sanders From CARIBBEAN360 BRIDGETOWN, Barbados, Friday May 26, 2017 – Citizenship by Investment Programmes (CIPs) in the Caribbean have been the subject of much criticism, even though the financial and economic benefits of the programmes are undeniable. These programmes are operated by: Antigua and Barbuda, Dominica, Grenada, St Kitts-Nevis and St Lucia. […]