IOC and Airbnb Athlete Travel Grant applications open for a second year
03 May 2022 – The International Olympic Committee (IOC) and International Paralympic Committee (IPC), in partnership with Worldwide Olympic Partner Airbnb, are once again offering athletes the opportunity to apply for a USD 2,000 Airbnb Athlete Travel Grant to support them on…
Cayman Islands Government 1st Quarter Results Surpass Budget
Grand Cayman, 11 May 2022 – Deputy Premier and Minister for Finance & Economic Development, Hon. Chris Saunders, presented the Cayman Islands Government’s unaudited financial report for the First Quarter of 2022 (1 January to 31 March) to Cabinet on Tuesday,…
IMF / Western Hemisphere Department’s Regional Economic Outlook
The War in Ukraine, higher inflation, tighter financial conditions, economic decelerations of key trading partners, and social discontent may dim growth prospects for Latin America, the IMF announced Tuesday (April 26). IMF Director of of the Western Hemisphere Department Ilan…
Kia announces 1Q 2022 business results
1Q global sales totaled 685,739 units, little changed from 689,990 a year ago 1Q revenue at KRW 18.36 trillion, up 10.7% from KRW 16.58 trillion, 1Q operating profit at KRW 1.61 trillion; net profit KRW 1.03 trillion Operating profit margin…
IFAD Vice President to meet Prime Minister Edouard Ngirente and ministers in Rwanda
Investments in climate smart, small-scale agriculture in support of rural women and youth at centre of discussions Rome, 5 May 2022 – The Vice President of the International Fund for Agricultural Development (IFAD), Dominik Ziller, will meet with Edouard Ngirente, Prime…
Cayman: Butterfield adjusts rates in response to FED Funds increase
Butterfield Bank (Cayman) Limited (“Butterfield”) announced that, in step with the recent increase in the US Federal Funds Rate, it has adjusted its Prime Rate for US and CI dollar lending for residential mortgages, consumer loans and corporate loans. The…
Statement on findings of the OAG Report on the Dubai World Expo and the Cayman Islands Overseas Offices
Grand Cayman, 03 May 2022 – The Deputy Governor the Hon. Franz Manderson has concluded his internal investigation resulting from the Office of the Auditor General (OAG) report entitled “The Dubai World Expo and The Cayman Islands Overseas Offices –…
Butterfield Reports First Quarter 2022 Results
Financial highlights for the first quarter of 2022: Net income of $44.4 million, or $0.89 per share, and core net income1 of $44.7 million, or $0.90 per share Return on average common equity of 19.7% and core return on average…
Types of injuries covered under Liability Insurance
As a business owner, you face different challenges every day. From employees causing damage to a customer’s property during a service call to thunderstorms causing power issues with your store’s refrigerators, anything can go wrong. The most costly liability you…
Cayman: Government seeks to prosecute Stipend Fraudsters
An inadvertent data breach at the Ministry of Border Control & Labour has identified suspected fraud by a number of recipients of the Displaced Tourism Employees Stipend. Deputy Premier and Minister for Border Control & Labour Hon. Chris Saunders said,…
