May 24, 2020

Archives for March 12, 2020

Cayman Airways monitoring Coronavirus (COVID-19)

CAL closely monitoring Coronavirus Implements new measures for healthy travel As Cayman Airways Limited (CAL) has been closely monitoring the situation regarding the Coronavirus (COVID-19), several proactive and voluntary measures have been implemented to help ensure the continued safety and well-being of CAL passengers and employees. The three main areas of focus have been: the […]

First Case of COVID-19 in Cayman Islands Confirmed

CAYMAN ISLANDS (GIS) – The Public Health Department confirms that one of the persons tested recently for the novel coronavirus has tested positive.             “The patient is a visitor who was transferred from a cruise ship for a critical cardiac issue,” said Medical Health Officer, Dr. Samuel Williams-Rodriguez. Dr. Williams continued, “The patient was doing well but […]

Maples’ new location

Maples Group Luxembourg Expands to New Location The Maples Group is pleased to announce that due to the remarkable growth of its business in Luxembourg, it is relocating its law firm, Maples and Calder (Luxembourg) Sarl and its fund and fiduciary services teams, MaplesFS Luxembourg S.A., to a new office location in the Cloche D’Or […]

EU condemns Trump’s travel ban

The EU condemns Trump for imposing a European coronavirus travel ban ‘unilaterally and without consultation’ By Adam Bienkov From Business Insider The European Commission on Thursday condemned US President Donald Trump for imposing what it called a “unilateral” travel ban on arrivals of foreign nationals to the US from nearly the entire European Union. The […]

Nazarbayev family’s UK assets

Kazakhstan: Nazarbayev family’s luxury UK assets come to light From eurasianet The ex-president’s daughter and grandson hold $103 million in real estate assets in London. The vast riches accrued by Kazakhstan’s ruling Nazarbayev family is coming under an awkward level of scrutiny in British courts following an Unexplained Wealth Order imposed last year. The proceedings, reported by […]

The Editor speaks: Fuel tank leak. Did you know?

Did you know there was a fuel spill last November (2019) at one of the tanks at the Jackson Point Terminal, which holds fuel for the retailer Rubis? I didn’t. The first I knew about it was from a Press Release issued by the Government Regulator, OfReg last Tuesday (10). OfReg said that it was […]

Caribbean tries to resolve vote dispute in oil-rich Guyana

AP News From My Mother Lode GEORGETOWN, Guyana — Several Caribbean prime ministers traveled to Guyana on Wednesday to try to help resolve an election crisis in the South American country, where rival factions are competing for control of massive oil revenues expected in years to come. The 15-nation Caribbean Community was intervening in a […]

Tia Parrott receives Employee of the Year Award from CPI

Service Desk and Procurement Manager in the Computer Services Department (CSD), Tia Parrott, has received the 2019 Employee of the Year Award from the Ministry of Commerce, Planning and Infrastructure. The award was presented to her by Deputy Chief Officer in the Ministry, Ms. Tamara Ebanks at a CSD event recently. Ms. Parrott has been […]

Tencent Music isn’t actually a Chinese company. Why should the global music business care?

Tencent Music and Tencent Holdings both incorporated in the Cayman Islands  From Music Business Worldwide Chinese tech and media conglomerate Tencent Holdings, and its music subsidiary Tencent Music, have been making music-business headlines over the past few years. From Tencent Music inking an equity swap with Spotify and touting an unconventional,tipping-driven business model, to both Sony Music and […]

‘QE4 Is Here’: Fed unveils dramatic measures to ease Market strain from virus

From Newsmax The Federal Reserve took aggressive steps Thursday to ease what it called “temporary disruptions” in Treasuries, flooding the market with liquidity and widening its purchases of U.S. government securities in a measure that recalls the quantitative easing it used during the financial crisis. The Federal Reserve Bank of New York said in a statement that the […]