December 8, 2022

QUOTABLE CARIBBEAN – DECEMBER 3, 2022

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“This experience (WTTC Global Summit) has given us new and valuable insights into the global tourism product and highlights the ways the industry is connected … moving forward, I plan to implement some strategies discussed while ensuring that it is tailored to our economy to develop and expand our tourism product.” – Lennox Andrews, Minister for […]

QUOTABLE CARIBBEAN – AUGUST 13, 2022

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“We are excited and re-energized in terms of working very closely to see exactly what we (Cayman Islands and Jamaica) can do and how we can build mutual interest together.” – Christopher Saunders, Deputy Premier, Minister for Finance and Economic Development, and Minister for Border Control and Labor (Jamaica Information Service) “Mrs. (Joy) Jibrilu will be […]

Message: Hon. Chris Saunders, Cayman Islands Deputy Premier and Minister for Finance, Economic Development, Border Control & Labour

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My friends,  I hope that this message finds you and your loved ones in the best of health.  Today, I want to wish you a Blessed and Merry Christmas, and a Bright and Prosperous New Year.  2021 continues to be a challenging year with the ongoing effects of the COVID-19 pandemic affecting our community and […]

News Report: Cayman Islands enhances global innovation and economic development without tax harm

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Cayman-Domiciled Collective Investment Vehicles, Multinational Enterprises Benefit EU & Other Countries GEORGE TOWN, Cayman Islands – Cayman Finance today is releasing “Cayman: Engine of Growth and Good Governance,” a new report that documents how the jurisdiction’s unique combination of tax neutrality, high-quality legal and regulatory system, and professional expertise attract Collective Investment Vehicles (CIVs) and Multinational Enterprises (MNEs), providing economic benefits […]

Cayman Islands Import Duty concession on building materials extended

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From Cayman Islands Ministry of Finance and Economic Development. The present 15% import duty concessionary rate on building materials imported to Grand Cayman has been extended by Government for a further year, to 31 December 2019. In explaining the reason for the extension of the duty concession, the Minister for Finance and Economic Development, the […]

Video Update: Advancing Geothermal Energy in the OECS for Economic Development and Resilience

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OECS Media release Thursday, December 6, 2018 — A major gathering of regional and global geothermal experts is currently being convened in Saint Lucia to chart the way forward to transform the energy landscape of the OECS to deliver lower energy prices, reduce the costly dependence on imported fossil fuels and enhance the region’s efforts at climate change mitigation. This […]

Cayman Islands: Bill seeks to empower first-time Caymanian property buyers

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Stamp duty amendments that greatly enhance concessions to first time Caymanian and all low income property buyers are proposed. Legislators will consider and vote on the Stamp Duty (Amendment) Bill, 2018 to be introduced in the House in the November Meeting. The Bill also seeks to close a loop hole in the present law that […]

Auxiliary secretary of Puerto Rico Permits & Endorsements Office resigns

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From Caribbean Business SAN JUAN – The secretary of the Puerto Rico Department of Economic Development and Commerce (DDEC by its Spanish acronym), Manuel Laboy Rivera, said Friday that he accepted engineer Héctor Rodríguez Echevarría’s resignation as assistant secretary of the Permits & Endorsements Management Office (OGPe by its Spanish acronym). For his part, Rodríguez […]

Planning Starts for Cayman Islands Census 2020

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Cabinet has given approval for conducting Census 2020, the Cayman Islands’ population and households count. The Economics and Statistics Office, which conducts the census, has set up its Census Advisory Committee. The committee had its first meeting on Wednesday, 10 October 2018 at GAB.   Grand Cayman (GIS) – With Cabinet approving the planning process […]

Cayman Islands Ombudsman recommends Government Ministry to apologize

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Office of the Ombudsman Press Release – Hearing Decision 60 involving the Ministry of Finance and Economic Development The Ombudsman’s Office has released Decision 60 in regards to an FOI request involving the Ministry of Finance and Economic Development. Th press release follows: The Applicant was not satisfied with the Ministry’s response to her original […]