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Cayman Airways can’t fly over Mexico According to Mexico Cayman Airways owes an undisclosed sum of money for flying over Mexican airspace 10 to 15 years ago. However, Cayman disputes this. CEO of Cayman Airways, Fabian Whorms, said the airline…

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High credit ratings and stable outlook maintained for the Cayman Islands

Moody’s, the international credit rating agency, has maintained Cayman’s Aa3 rating for Government’s bonds issued in a foreign currency, and an Aa2 rating for long-term foreign currency ceiling bonds and notes. The Minister for Finance and Economic Development, Hon. Marco…

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Antigua and Barbuda pioneering in clean energy in the Caribbean

Government of twin island state has officially inaugurated 3 MWp solar power plant at V.C. Bird International Airport Antigua Antigua and Barbuda’s electricity sector has just got much closer to becoming the greenest in the whole of the Caribbean. The…

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Cayman Islands unemployment rate declined to 4.2% in fall 2015, the lowest since 2008

From the Cayman Islands Ministry of Finance The overall unemployment rate in the Cayman Islands declined to 4.2 percent in Fall 2015 when compared to the 4.6 percent recorded in Fall 2014. The unemployment rate among Caymanians was recorded at…

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Global oil price reduction continued to cut Cayman Islands’ imports payments in the Second Quarter

Total payments for imports by residents of the Cayman Islands continued its downward trend in the second quarter. The total value of all merchandise goods imported into the Cayman Islands amounted to CI$182.9 million, 9 percent lower compared the same…

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Cayman Islands underemployment rate declined as unemployment rate inched up in Spring 2015

The underemployment rate among residents fell in Spring 2015 to 2.5 percent from 2.9 percent in Fall 2014. The underemployed, which numbered 948 persons, are those with part-time work and were available and seeking for more work. However, the overall…

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Cayman Islands finance minister announces growth and decline – both GOOD

Cayman Islands domestic economy sustains growth in the first quarter The Cayman Islands economy is estimated to have grown by 1.4 percent in the first quarter. “This is slightly lower than the 1.5 percent recorded a year ago, nonetheless this…

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Caribbean destinations encouraged to go after LGBT tourists

From eTN Global Travel News Caribbean destinations encouraged to go after LGBT tourists BRIDGETOWN, Barbados – Some Caribbean destinations are being encouraged to go after the lesbian, gay, bisexual and transgender (LGBT) market while others are being advised to first…

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Caribbean on high alert as bird flu wreaks havoc on poultry farms in North America

From CARIBBEAN360 BRIDGETOWN, Barbados, Tuesday July 28, 2015 – Veterinary officers and stakeholders in the poultry sector in the Caribbean are on high alert and stepping up their preparedness to protect the industry as the deadly H5N1 virus – commonly…

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Cayman Islands minister issues ESO interviewers with tablets

From Economics and Statistics Office Upgraded Labour Force Survey starts October 5th The Minister for Finance and Economic Development, Hon. Marco Archer announced today that his Ministry is providing the Economics and Statistics Office (ESO) with additional resources starting this…