Utility management company sold after signing $10 million contract with Bahamas
By K. Quincy Parker Nassau Guardian Business Editor From Caribbean News Now NASSAU, Bahamas — Just over two weeks after PowerSecure International signed a management service agreement (MSA) with the Bahamas government to transform the electricity sector, that company has been…
An MIT economist explains the 3 biggest reasons buying a home is better than renting
By Erik Brynjolfsson, Quora From Business Insider “What do economists think about buying vs renting a house?” originally appeared as a question on Quora. Below we are republishing an answer from Erik Brynjolfsson, director of the MIT Initiative on the Digital Economy….
Wendy Scott earns Cayman Islands Chief Officer’s praise
For her great customer service skills and dedication to her duties in registering companies, partnerships and trusts, Ms Wendy Scott received the Chief Officer’s award for November 2015 as the top employee for the Ministry of Financial Services, Commerce and…
Was PM misled on Baha Mar? Chinese Builder knew it was likely to miss deadline
By NEIL HARTNELL Tribune Business Editor From Tribune 242 WEEKS after Baha Mar’s contractor assured Prime Minister Perry Christie and the developer, Sarkis Izmirlian, that all was on track for a scheduled opening at the end of March 2015, the…
FSC recognises overseas stock and commodities exchanges
By Harney Westwood & Riegels From ILO International Law Office Offshore Services British Virgin Islands Light-touch regulation Recognised exchanges The Financial Services Commission (FSC) recently issued the Regulatory Code (Recognised Exchanges) Notice 2015 under powers set out in the Regulatory Code…
Carey Olsen’s expansion continues with the hire of four new lawyers in the Cayman Islands
Offshore law firm Carey Olsen has expanded its corporate and litigation teams in the Cayman Islands with the appointment of four new associates bringing the number of fee-earners in Cayman to 18. Robert Coombes, Peter Sherwood, Denis Olarou and Thomas…
iNews Briefs & Community Events (From BIG FISH 95.5)
Neil Ross led Junior in high-profile Cayman Island corruption case From Fifteen New Bridge St, Neil Ross has returned from 3 months in the Cayman Islands following the successful prosecution of Canover Watson, the former chairman of the Health Services…
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Cayman Islands Academy gets an upgrade thanks to Island Paving, Crighton Properties & Dart
Academy Sports Club, an organisation dedicated to promoting football among Cayman’s youth, recently received a vital upgrade to its facilities thanks to the generous donation of three local companies. Island Paving, owned by Barry Bodden, kindly donated equipment and labour…
There are 2 tribes on Wall Street, and they could be about to go to war
By Matt Turner From Business Insider Stock trading specialists on Wall Street are being asked to give their colleagues in the fixed-income markets a hand. The bond-trading veterans aren’t so sure they want the help. Consider what happened when former Goldman…
Antigay group accidentally raises thousands of dollars for LGBTQ teens
BY HEATHER DOCKRAY From Mashable Sometimes, even the worst intentions go beautifully awry. Minus 18, an Australian nonprofit that serves LGBTQ youth, recently decided to hold a formal dance for their clients. An antigay coalition called ‘STOP Safe Schools’ soon…
