May 29, 2017

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 […]

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 […]

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. […]

Belmond acquires iconic Caribbean resort – Cap Juluca, Anguilla

From Heavens Portfolio Belmond today announces that it has signed agreements to acquire Cap Juluca, a luxury beach resort on the Caribbean island of Anguilla, British West Indies. The addition of the elegant, 96-room resort marks an important milestone in the strategic development of the Belmond brand, which is committed to doubling the size of […]

New ILO report shows that 4.2% of CEOs are female in LAC but still room for progress at the top

LIMA (ILO News) – Women in Latin America and the Caribbean, where only 4.2 per cent of CEOs are female, have still made substantial progress in taking business and management positions and are increasingly driving economic growth, a new ILO report finds. The report entitled Women in business and management: Gaining momentum in Latin America […]

A British jeweler just bought a 3 billion year old diamond

By Natalie Theodosi, Women’s Wear Daily From Business Insider AGE AND BEAUTY:Continuing its mission to source exceptional stones, the diamond jeweler Graff has revealed the acquisition of a 373.72-carat rough diamond sourced from Botswana’s Karowe mine. The diamond, which is classified as a D-color, was part of the Lesedi la Rona, the largest gem discovered […]