Herbalife posts 3Q profit
From nzherald.co.nz GEORGE TOWN, Cayman Islands (AP) ” Herbalife Ltd. (HLF) on Tuesday reported third-quarter profit of $93.6 million. The George Town, Cayman Islands-based company said it had net income of $1.09 per share. Earnings, adjusted for non-recurring costs and…
UK watchdog bans former Weavering hedge fund boss Magnus Peterson after fraud
From Reuters Oct 26 Britain’s Financial Conduct Authority on Monday banned the former head of Weavering hedge fund Magnus Michael Peterson from working in the financial services industry. Peterson was jailed for 13 years in January for fraud offences which…
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SHOCKING: lack of funds means closure of Cayman Islands programme to stop youth crime
Honourable Premier and Minister of Home Affairs, Honourable Minister of Education, Minister of Community Affairs, Deputy Governor, Chief Officers, Youth ACT Board Members Dear All, On behalf of Youth ACT, I extend a reminder invitation to the YCPD, for Year…
UPDATE: Caribbean Employers’ and Workers’ Organizations to meet in Grenada (3-5 November 2015)
ILO Media Advisory: Caribbean Employers’ and Workers’ Organizations to meet in Grenada Port of Spain – 30 Oct 2015 – A Regional Bipartite Meeting organized by the ILO together with the Caribbean Employers’ Confederation (CEC) and the Caribbean Congress of…
Cayman Enterprise City inks global outreach deal with KCOMM
Cayman Enterprise City invests in top global expertise to promote the Cayman Islands and the Special Economic Zone 3rd NOVEMBER – GRAND CAYMAN, CAYMAN ISLANDS – Cayman Enterprise City (CEC), the Caribbean region’s premier high-tech Special Economic Zone, has signed…
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Kittitian mother thanks Cayman Islands Health City for son’s free heart surgery
A relieved mother from St. Kitts and Nevis is grateful for the doctors and staff of Health City Cayman Islands and its partners following the successful cardiac treatment of her son. Shellon McCalmon thanked the Cayman Islands hospital “for the…
U.S. climbs 3 spots, now worse than Cayman Islands for financial secrecy
By Matthew Kish From Portland Business Journal The Tax Justice Network on Monday released a biennial report that says the U.S. now ranks No. 3 for financial secrecy, ahead of countries traditionally regarded as tax havens, including the Cayman Islands and…
Cayman Islands government announces Project Future
Full Project Future programme launched by Premier GRAND CAYMAN, Cayman Islands – At a press conference on 2 November, 2015, the Premier Hon. Alden McLaughlin and Deputy Governor the Hon. Franz Manderson unveiled the 51 projects selected by Cabinet to…
Cayman Islands’ Government’s consolidated financial statements are not reliable
Government’s consolidated financial statements are not reliable The year ending 30 June 2014 was the first year that the Office of the Auditor General was able to obtain enough information to audit the Government’s financial statements, says a recently issued…
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The Electricity Regulatory Authority of the Cayman Islands approves 5MW solar project
Following a comprehensive review, the Electricity Regulatory Authority (ERA) has approved a Power Purchase Agreement (PPA) proposed by Caribbean Utilities Company, Ltd. (CUC) for a 5 megawatt (MW) plant to be built by Entropy Cayman Solar Limited in the district…
