October 1, 2023

Is an Offshore Cloud in the Cayman Islands a Wise Choice?

If midsize businesses have the ability to store their funds offshore, why can’t they also store their data there as well? Such is the thinking of a small handful of service providers who are offering American companies the option of an offshore cloud. These data centers are located in remote places like the Channel Islands […]

American Airways flight from Cayman Islands to Miami: turbulence injures crew members

On May 20th 2012 an American Airlines Boeing 737-800, registration N890NN performing flight AA-2240 from Grand Cayman Island (Cayman Islands) to Miami,FL (USA), was on approach to Miami when the aircraft encountered severe turbulence causing injuries to three flight attendants. The aircraft continued for a safe landing about 15 minutes later. The FAA reported three […]

Late Bee Gee Robin Gibb hailed in native Britain

(AP) — One day after he succumbed to cancer, Bee Gee Robin Gibb was hailed in his native Britain Monday as a master musician whose interests went far beyond the recording studio. The distinctive singer, who wrote and arranged numerous hits for other major artists, was also recognized for his work on behalf of British […]

Cayman Islands mentioned in BBC TV programme on tax avoidance

A recent BBC “Panorama” TV programme showed how giant multinationals, like Glaxo SmithKline are using overseas subsidiaries to avoid paying millions in pounds in tax. And instead of clamping down on it, British Chancellor George Osborne is relaxing the rules to make the shifty manoeuvre easier to perform. The pre-existing rules also protected the tax […]

St Andrew Prep Travelling Theatre taking J’can culture to Cayman

JAMAICA’S rich culture will be on show in the Cayman Islands this week when members of St Andrew Preparatory School’s Travelling Theatre participate in a week-long exchange programme there. The group of 40 students and 13 adults — among them the school’s principal Karlene Fraser, board chair Jacqueline Hinkson, teachers and parents — is scheduled […]

New Anglican bishop begs church to keep far from corruption

Newly installed Anglican Bishop of Jamaica and the Cayman Islands, the Right Reverend Dr Howard Gregory, is urging the church to dissociate itself from tainted money, which continues to circulate in the society where corruption is rampant. Gregory said yesterday that members of the church could not consider themselves exempt from corrupt activities if they […]

Synergy Medical Director organises disaster simulation after Cayman Islands experience

As fake blood spurted from the leg of a paramedic practice dummy in the cafeteria of what was Moore Elementary School, doctors rushed to apply a makeshift tourniquet to the limb and check their plastic patient for vital signs. This is one of a couple dozen scenarios doctors in Synergy Medical Educational Alliance’s emergency medical […]

CUC announces declaration of dividend on Class A Ordinary Shares

Caribbean Utilities Company, Ltd. Class A Ordinary Shares are listed for trading In United States Funds on the Toronto Stock Exchange. Caribbean Utilities Company, Ltd. (CUC) announced on Thu (17) that the Board of Directors has declared a dividend of US$0.165 per Class A Ordinary Share, or an annualized dividend of US$0.66 per share. The […]

Cayman Islands mentioned in India’s White paper on dealing with black money*

The government on Monday (21) tabled the much-awaited white paper on black money in Parliament, which did not disclose any name but made a strong case for setting up Lokpal and Lokayuktas to deal with the menace. The white paper, which was tabled by finance minister Pranab Mukherjee in the Lok Sabha, also did not […]

Cayman Islands blamed again for US “tax millions only for suckers”

This editorial appeared in the Concord Monitor concerning Facebook’s co-founder Eduardo Saverin’s decision to renounce his American citizenship. It is “fair game” for the Cayman Islands to be ridiculously linked to this but we are the flavor of the month(s) at the moment. Read on: The choice of words in the news reports was inevitable: […]