World Bank urges Caribbean to ‘propel domestic engines of growth’
From Antigua Observer –CMC WASHINGTON (CMC) – The World Bank has urged Latin America and the Caribbean (LAC) to “propel domestic engines of growth”, stating that the “formidable global tailwinds” that facilitated robust economic growth and social inclusion in the…
Cayman Islands: Cayman creates incorporated cell companies
Article by Wendy Lee, Harneys 23 April 2013 The Amendment permits a new or existing SPC to incorporate a PIC on behalf of a relevant cell or segregated portfolio. The PIC, instead of the segregated portfolio, would then conduct the…
Investors redefine risk, think “New Normal” is here to stay – UBS Survey
Eliane Chavagnon, Wealth Briefing reporter in London Wealthy investors are much more upbeat about their financial situation and seem to have redefined their perception of “risk,” according to UBS Wealth Management Americas’ third Investor Watch report. According to the survey…
Leaders urged to put tourism on front burner
by Caricom News Network Dr Rufus Ewing, Premier of the Turks and Caicos, has echoed a call by T&T’s Tourism Minister Stephen Cadiz for regional leaders to put tourism high on the agenda. Premier Dr Ewing, speaking at the final…
Cayman captive industry unveils new brand at RIMS
The Royal Gazette The Cayman Islands captive insurance industry said it has launched a new brand to promote its integrity and transparency in international markets with the tagline “Cayman Islands. Clearly Better Business.” “It is no secret that Cayman is…
Making a difference is Biggie’s deal
From a construction giant to a busy farmer, the soft-spoken Kent Rankin is now a titan in local farming circles. As such, he earned the Minister’s Award for the Most Outstanding Farmer. He also took home trophies as runner-up for…
RBC Celebrates Volunteer Week from April 21-27, 2103
Charities Benefit from RBC “Day of Service” Grants RBC is celebrating Volunteer Week around the globe from April 21 – 27, 2013. In honour of this event, RBC has launched the 2013 RBC Day of Service Grant programme, which offers…
RBC Cayman staff honoured by Cayman Government for their contributions to the community
Nassau, Bahamas – Three staff members of Royal Bank (RBC) Cayman were recently recognized for their spirit of volunteerism and their contribution to the local community. These individuals join a list of local artists, cultural icons, community leaders and others…
Cayman Islands: FIA Leveraged Fund: The Cayman Court takes a strict approach to distributions in kind
Article by Jeremy Walton and David Butler, Appleby, 22 April 2013 The Cayman Islands Court of Appeal has recently handed down its written reasons for dismissing the FIA Leveraged Fund’s appeal from a judgment of the Grand Court which ordered…
OECD gives Cayman top grade
GEORGE TOWN, Grand Cayman–(BUSINESS WIRE)–In the Organisation for Economic Co-operation and Development’s (OECD’s) latest Global Forum Peer Review report, Cayman has been lauded for its “robust and transparent” legal and regulatory regime. “Cayman government had been responsive to taxpayer-specific information…
