March 24, 2023

Police to trace investment fraud evidence in Hong Kong, Switzerland

By Anton Hermansyah From The Jakarta Post The National Police’s Criminal Investigation Department (Bareskrim) is set to trace evidence in Hong Kong and Switzerland in an investigation into alleged investment fraud involving Indonesian businessman Harun Abidin and investment company Cedrus Investment Ltd . The investigation was prompted by Harun’s recent report against Hong Kong-based Cedrus Investment […]

Jiangxi Copper targets investors with $300 mln global mining fund [in Cayman Islands]: Reuters

By Reuters From PE HUB Network Jiangxi Copper Co Ltd said on Wednesday it has set up a Cayman Islands-based fund that will buy mining projects as the Chinese state-owned copper producer sets its eyes on potential bargains as the commodities cycle bottoms. As China’s largest copper producer reported a 37.9 percent drop in profits due […]

Fabrinet meets 4Q profit forecasts

Associated Press From Yahoo news GEORGE TOWN, Cayman Islands (AP) _ Fabrinet (FN) on Monday reported fiscal fourth-quarter earnings of $19.7 million. The George Town, Cayman Islands-based company said it had net income of 53 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 60 cents per share. The results met […]

Controversial Uber taxi service refused a home on historic canal

From Dutch Uber taxi service can legally be refused a tenancy on the Keizersgracht because of its controversial reputation, an Amsterdam court ruled on Friday, according to the Telegraaf. The taxi service had brought proceedings against office owner Bryant Park, which owns many buildings in the capital, including an impressive office complex on the […]

Margaritaville Grand Cayman Beach Resort reveals first renderings & property details

Paradise Reaches New Caribbean Latitude; Full-Service Resort Scheduled to Open at End of 2016 Grand Cayman, CYM – June 8, 2016 – The first renderings and amenity details of the highly anticipated Margaritaville Grand Cayman Beach Resort were released today. The 285-room beachfront property, set on the picturesque Seven Mile Beach, will be an ideal […]

iNews Briefs & Community Events

Cayman Islands: Child Month “Snuggle & Read” Event The Department of Children and Family Services (DCFS) is inviting families for an evening of snuggling and reading. Families can enjoy bedtime stories, drama and literacy fun on Thursday 19 May, 2016 at the Cayman Academy School Hall from 6:00pm—8:00pm. Hot chocolate and cookies and other snacks […]

Alan Grayson braces for Ethics Committee report on his Caymans hedge funds

By Alex Leary From Tampa Bay Times WASHINGTON – Florida Rep. Alan Grayson is bracing for the release Tuesday of a House Ethics Committee report into a Cayman Islands-based hedge funds he started, a development that could shape an already heated Democratic primary for U.S. Senate. The committee in February moved to extend the probe […]

New Commodity Fund filed [through Cayman Islands]

By Heather Bell From ETF Elkhorn Investments has made its third commodity ETF filing. The Elkhorn Dorsey Wright Commodity Rotation Portfolio is actively managed, but it will use Dorsey Wright’s relative strength evaluation methodology to select the five commodities with the greatest relative strength out of a universe of 24 commodities. The fund will hold […]

Loch Lomond Golf Club [still owes its Cayman Islands PC £36M]

By Seamus Rotherick One of the world’s most exclusive golf clubs, Loch Lomond, is thought to have now paid off the huge amounts it has owed to its bank. The golf club does still owe its Cayman Islands-based parent company nearly £36 million however. The elite club, which reportedly charged a £70,000 joining fee, became […]

Challenges mushroom for embattled HDG Mansur chief [and Cayman Islands funds]

By Greg Andrews From IBJ Most of the real estate developers who have left a big stamp on Indianapolis have had an audacious streak. That was certainly true of Mansur principals Harold Garrison and Cornelius Alig, whose headline-grabbing projects downtown included construction of Market Tower and the redevelopment of Lockerbie Marketplace and the Omni Severin […]