May 20, 2022

Archives for May 2, 2022

Cayman: Mangrove Carbon Offset Programme has a new 501c3 Partner!

EXCITING NEWS! 2nd May 2022 – The National Trust for the Cayman Islands (NTCI) is excited to announce that it has entered into a new partnership with the US-based non-profit organization Mangrove Education (ME) as part of the NTCI’s mangrove protection programme with Island Offsets. The NTCI partners with the local NGO, Island Offsets, to […]

Can we abandon pollutive fossil fuels and avoid an energy crisis?

When it comes to maintaining energy flows, there is a closing window to avert both climate catastrophe and economic peril. By Richard Heinberg / Independent Media Institute Similar to the two navigational hazards mythologized as sea monsters in ancient Greece—Scylla and Charybdis—which gave rise to sayings such as, “between the devil and the deep blue […]

Butterfield Reports First Quarter 2022 Results 

Financial highlights for the first quarter of 2022: Net income of $44.4 million, or $0.89 per share, and core net income1 of $44.7 million, or $0.90 per share Return on average common equity of 19.7% and core return on average tangible common equity1 of 21.9% Net interest margin of 2.03%, cost of deposits of 0.12% […]

Butterfield makes senior management appointments

Hamilton, Bermuda — May 2, 2022: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (NYSE: NTB | BSX: NTB.BH) today announced the promotion of Michael Schrum to President and Group Chief Risk Officer. Craig Bridgewater has been promoted to Group Chief Financial Officer and joins the Executive Committee.  Mr. Schrum, who has served as […]

Cayman: Government Initiates Submarine Cable Feasibility Study

From Ministry of Planning, Agriculture, Housing and Infrastructure Grand Cayman – The Cayman Islands Government, through the Ministry of Infrastructure, has announced that advisory firm Grant Thornton Specialist Services (Cayman) Limited (Grant Thornton) has been contracted to undertake a formal feasibility study into the modernisation of the Islands’ submarine cable infrastructure. This follows a selection […]

Cayman: Civil Service Mentorship Programme Registration opens

Grand Cayman, Monday, 2 May 2022 – The Family Resource Centre (FRC) is pleased to announce that registration for their ‘Empowered Women, Empower Women’ Mentorship Programme opens today (Monday, 2 May 2022). FRC, with the endorsement of the Portfolio of the Civil Service (PoCS), developed the mentorship programme to provide young female civil servants with healthy peer […]

World Bank Provides US$56M to support sustainable Blue Economy growth in the Eastern Caribbean

WASHINGTON, May 2, 2022 – The World Bank’s Board of Executive Directors has approved IDA financing of US$56 million for the Unleashing the Blue Economy of the Caribbean (UBEC) project, to support several Eastern Caribbean countries in catalyzing the sustainable economic potential of their living marine and coastal assets. Of that sum, $15 million will be provided to Grenada, […]

MPE CARIBBEAN REPORT NEWSLETTER – MAY 2, 2022

The MPE Caribbean Report Newsletter offers travel, tourism, Caribbean and global news in a newsletter format. To share stories, information or intelligence, contact us at [email protected] MAY 2, 2022 The Caribbean “talks ship” at Seatrade Seatrade Talks: From left: Charlene Drakes of Carnival Corporation; Robert Morgenstern of HA Group | Princess Cruises, Holland America, Seabourn and […]

Cayman Auto Show is giving a boost to local charities

The Cayman Charity Auto Show is revving up and ready to speed off on Monday, May 16, 2022, for the Discovery Day long weekend as an official Queen’s Platinum Jubilee Celebratory event in the Cayman Islands. Auto enthusiasts and families alike will be able to view classic vintage cars, the latest electric supercars, trucks, motorcycles, […]

Cayman: 20 more Cuban Migrants arrive

The Cayman Islands Customs and Border Control Service (CBC) confirms that another 20 migrants arrived in Cayman Brac around 10:45 pm on 1, May 2022. Twelve (12) of the migrants have disembarked the vessel and have stated that they will not continue the journey.  The other eight (8) migrants remained on board the vessel last […]