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8 Mar Weather in Cayman

8 Mar Fri 2019 Weather in Cayman SYNOPSIS Fresh winds and rough seas will begin to subside from this evening as the associated high pressure system weakens over the western Atlantic Ocean. Radar images show scattered showers in and around…

The Editor speaks: Idols

Do you worship an idol or more than one? Of course not you will most likely say, but it all depends what you believe an idol is. I was given a book to read authored by Timothy Keller titled “Counterfeit…

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OfReg draft rules on penalties for breach of anti-competitive practices law provides clarity for licencees and protects consumers from unfair business practices

GRAND CAYMAN, CAYMAN ISLANDS, 5 March 2019  OfReg has issued redrafted rules on penalties for breach of anti-competitive practices law, responding to concerns by business stakeholders. The draft rules are now out for a second consultation and, when implemented, will deter anti-competitive…

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Sterling Global Financial Bridge Finances 357-Room Grand Cayman Grand Hyatt

A $22.5 million loan from a fund managed by Bahamas-based Sterling Global Financial will bridge finance the development of the much-anticipated 357-room Grand Hyatt Hotel and Residences on Grand Cayman, a 5-star resort that is expected to deliver additional lure…

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China counts on tax cuts to buoy business in tough economic times ahead

By Jane Cai From South China Morning Post As growth slows and the trade war bites, Beijing aims to reduce levies on key sectors such as manufacturing to keep people employed and ensure social stability Chinese Premier Li Keqiang delivered…

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New Cuban Ambassador accredited to the OECS

Accreditation of H.E Alejandro Simancas Marin, Ambassador of the Republic of Cuba to the OECS Wednesday, March 6, 2019 — The accreditation of H.E Alejandro Simancas Marin, Ambassador of the Republic of Cuba to the Organisation of Eastern Caribbean States today…

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Fish diversity linked to Caribbean coral reef health

From Bigelow The health of coral reefs can be impacted as much by the diversity of fish that graze on them as by the amount of fish that do so, according to a new study by scientists at Bigelow Laboratory…

Nigeria’s construction industry has been improving on the back of a rebound in oil markets

From Global Data Nigeria’s construction industry, having contracted by around 6% in 2016 in the wake of the collapse in oil prices, continued on a steady recovery path in 2018, expanding by 2.4%, following on from 1% growth in 2017,…

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Conduct pilot for upcoming launch of digital asset

By Rishma Banerjee From BTC Wires According to recently published reports, the Eastern Caribbean Central Bank (ECCB) is all set to conduct a pilot for a blockchain-based central bank digital currency (CBDC), as a preparatory move for its full rollout as a…

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International Women’s Day 2019. Op-ed by Alicia Bárcena

Recognizing Women’s Rights, Essential for Inclusive and Sustainable Development By Alicia Bárcena, Executive Secretary of ECLAC Since the start of the 20th century, March has been a key month for fights for the rights of women who, despite persistent hurdles,…