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Caribbean insurers well-capitalised despite 2017 hurricane losses, says A.M. Best
By Charlie Wood From Reinsurance News A new report from A.M. Best points to the responsiveness of reinsurers as a driving factor behind Caribbean property and casualty (P/C) insurers’ ability to withstand the record-setting impact of 2017’s hurricane season, enabling…
IMF staff concludes visit to Jamaica
From Caribbean News Now KINGSTON, Jamaica — An International Monetary Fund (IMF) staff team led by Uma Ramakrishnan visited Kingston from June 11 to 15, 2018, to take stock of progress on Jamaica’s economic reform program supported by the IMF’s…
The Editor Speaks: Cayman’s growth is rising – fact, but are economic projections crystal ball gazing?
In yesterday’s iNews Cayman we published the whole of Minister of Finance & Economic Development, Roy McTaggart’s address to the Chamber of Commerce’s Economic Forum. The address came complete with fourteen impressive charts and tables that showed the overall unemployment…
Cayman Islands Chamber of Commerce’s Economic Forum Address by the Honourable Roy McTaggart, JP
Thursday 24 May 2018 at 12:30 pm Kimpton Seafire Resort & Spa Opening Good Afternoon Colleagues. It is my pleasure to speak at this Forum and I thank Paul for extending the invitation for me to provide an update on…
Caribbean Bank: Bahamas fiscal plan ‘Very Ambitious’
By NEIL HARTNELLFrom Tribune242 The Bahamas’ plan to reverse its fiscal woes has been branded “very ambitious” by the Caribbean Development Bank (CDB), with this nation needing to outperform GDP growth forecasts to hit target. The CDB, in a recently-released…
California’s economy is now the 5th-biggest in the world, and has overtaken the United Kingdom
By Kieran Corcoran From Business Insider New economic data puts the California economy at $2.747 trillion — bigger than most nations. The ranking puts in fifth in the world, just ahead of the United Kingdom, which is on $2.625 trillion….
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California continues to lead the US in renewable energy
By Mallory Locklear From engadget But its greenhouse gas emissions reductions have stalled. In 2006, California adopted aggressive legislation aimed at reducing greenhouse gas emissions and boosting renewable energy production throughout the state. And since then, the state has been…
Bahamas: PM appeals for separate disaster funding, joins other Caribbean leaders
By Genea Noel-Ferguson From EYEWITNESS News The prime minister said he is making an appeal, as are other regional leaders, for separate loan funding for disaster relief efforts and said, loans for hurricanes should not affect the country’s gross domestic…
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Study: Hurricanes resulted in about 826,100 less visitors to Caribbean
From Travel Agent Central The World Travel & Tourism Council (WTTC) has launched a report on “Resilience and Recovery,” assessing the 2017 hurricane season’s immediate and long-term effects across the Caribbean. Analysis from Tourism Economics, an Oxford Economics subsidiary, found…
Tax revenues in Latin America and the Caribbean below the OECD average
From Chartered Accountants Ireland Tax revenues in Latin America and the Caribbean (LAC) dipped in 2016, falling further behind the average OECD country levels. That’s according to a recent report which the OECD contributed to on tax statistics in Latin…
