October 17, 2019

Customs new facility

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Cayman Islands Customs New Facility Officially Opened A year after construction began, the Finance Minister, Hon. Marco Archer, snipped a ribbon to officially open a new Customs facility that houses the department’s mobile x-ray scanning truck, revenue and border protection staff. Constructed on time, the new $1.3 million building, which is Customs’ first in 23 […]

The Editor Speaks: Marco v Kenneth

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Announcer: In the blue corner we have the Challenger, Kenneth Bryan. His record is unimpressive. Once a reporter for CITN/Cayman27. Once an assistant to the Cayman Islands Premier Alden McLaughlin. Stood in the 2013 General Election for the Progressives. Lost. Bit of a brawler. In the red corner we have the Champion, Marco Archer. He […]

Christmas and New Year Message

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by Minister for Finance and Economic Development, Hon. Marco Archer Hello, I am Marco Archer, Minister for Finance and Economic Development. I would like to wish you and your family a very Merry Christmas and a healthy and prosperous New Year. Please take the time to enjoy the company of your family and friends. And […]

Cayman Islands economy grew by 3.0% in the first half of 2016

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The Cayman Islands’ economy grew by an estimated 3.0% in the first six months of 2016, as the first quarter growth of 2.4% further strengthened to 3.2% in the second quarter. “I am pleased to note that growth in the first half of 2016 improved on the 1.3% growth for the same period in 2015,” […]

October 16th to 21st is Statistics Week in the Cayman Islands

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In 1997, the United Nations Statistical Commission (UNSC) in its 29th session strongly recommended countries to celebrate statistics days or weeks, for the following key reasons: • To promote people’s awareness of statistics and their value, and encourage their support for statistics and for providing data; • To promote the use of statistics; • To […]

The Editor Speaks: Stats show improvements but backbench MLA’s doubt

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When there is an election on the horizon and the government of the day, hoping to be re-elected, produce good news, you are not to give them any congratulations. In fact you are going to cast as much doubt as you can without providing any concrete facts to back up your doubts and that is […]

Economic growth strengthened in the Cayman Islands first quarter

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Economic activity in the Cayman Islands as measured by the gross domestic product (GDP) is estimated to have grown by 2.4% in the first quarter of 2016. “The domestic economy continued to strengthen as GDP growth accelerated from the 1.4% recorded in the first quarter of 2015,” stated Hon. Marco Archer, Minister for Finance and […]

Cayman Islands economy sustained growth in 2015

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The country’s estimated Gross Domestic Product (GDP) at constant prices rose by 2.0 percent in 2015. This was the highlight of The Cayman Islands’ Annual Economic Report 2015 released by the Economics and Statistics Office. “Despite challenges from the global economy, I am pleased that the combined performance of all our productive sectors achieved a […]

2015 Statistics show improvement in Cayman Islands Education

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Compendium of Statistics 2015 Shows Improvement in Education Statistics The annual Compendium of Statistics 2015 was released today by the Economics and Statistics Office. The Compendium is a comprehensive collection of statistics from various public and private sector data sources, covering population, demographics, social and living conditions; the economy, finance and development; the environment; and information […]

High credit ratings and stable outlook maintained for the Cayman Islands

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Moody’s, the international credit rating agency, has maintained Cayman’s Aa3 rating for Government’s bonds issued in a foreign currency, and an Aa2 rating for long-term foreign currency ceiling bonds and notes. The Minister for Finance and Economic Development, Hon. Marco Archer stated that “The Government is pleased with the high ratings for the Cayman Islands […]