RCIPS warns against sophisticated Global Investment/Romance Scam utilising virtual currency
From RCIPS The RCIPS is warning the public about a Global Investment / Romance Scam known widely as “Pig-Butchering”, a sophisticated scam operated by overseas criminal groups targeting victims in the Cayman Islands. The scam is a type of fraud…
Caribbean Market Overview – July 2023
From Caribbean Overview Summary: Early signs point to a continued softening of global economic growth thus far in 2023, amid stubborn price pressures and sustained tightening of monetary policy in advanced markets. However, some economies, including the region’s major trading partners,…
Statement from Premier and Minister for Finance & Economic Development Hon. G. Wayne Panton, MP, JP On the local 30-day notice period for Interest Rate increases
Grand Cayman, 02 August 2023 – In light of the US Federal Reserve (the Fed) increasing the “prime” or “base” interest rate for borrowing by 0.25% on Wednesday, 26 July, I am pleased that the retail banks operating in the Cayman…
‘Something fishy’ going on in Jamaica under the JLP gov’t says Golding
From Jamaica Observer PNP Leader Mark Golding speaking to a crowd of supporters at the Donald Quarrie High School on Sunday, July 23, 2023. “Comrades now them say they want to extend the tenure of the DPP. Them do it…
IMF World Economic Outlook Presser
IMF The IMF sees the global economy gradually recovering from the pandemic and Russia’s invasion of Ukraine, but there are still significant hurdles to overcome (July 25, 2023). “The global economy continues to gradually recover from the pandemic and Russia’s…
Cayman: Two men arrested in relation to the recovery of forged notes
Wikipedia – superdollar From RCIPS Police had cause to attend the public beach on Wednesday, 19 July in relation to possible illegal activities being carried out at the location. Officers attended the location, stopped, and searched a man who appeared…
US: NYC to Pay $13M to 2020 George Floyd protesters
Thousands of New Yorkers took to the streets during events commemorating Juneteenth, demanding an end to systemic racism and police brutality on June 19, 2020. This was the 23rd straight day of protests in the NYC since the death of…
CONFLUX AND WORLD MOBILE JOIN FORCES TO EXPAND BLOCKCHAIN-BASED MOBILE ACCESS
July 20, 2023, Toronto, Ontario, Canada Conflux Network, the first regulatory compliant public blockchain in China, has today announced a new collaboration with World Mobile, the only global mobile network built on the blockchain. The partnership comes on the heels…
R3 Launches new Housing Repairs programme
GRAND CAYMAN – Grand Cayman, 17 July 2023: As the 2023 Atlantic Hurricane Season begins, the R3 Cayman Foundation is launching a new programme to ensure local families are safe, dry and protected against future storms by repairing damaged homes….
Farage: ‘No Hope’ of Bank Account in UK
By Charlie McCarthy From Newsmax British broadcaster and former Brexit Party Leader Nigel Farage said he thinks he has no hope of owning a United Kingdom bank account after being rejected by nine banks. Farage took to social media on June 29 to…
