November 21, 2019

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

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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 6.2 percent, which is also lower when compared to the 7.9 percent estimated in Fall […]

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

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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 unemployment rate in the Cayman Islands was 5.6 percent in Spring 2015 as compared to […]

The Editor Speaks: When people can’t be helped

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“You can’t help people who can’t help themselves” is a popular saying. And it is to a certain extent true. If statistics are proof then the saying is true. Cayman Islands Finance Minister, Marco Archer, gave us some statistics last week in the Legislative Assembly when he took part in the debate to Opposition Leader […]

The Editor Speaks: The budget makes things a little brighter

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Cayman’s Minister of Finance, Marco Archer, presented his 2014/15 Budget in the Legislative Assembly on Monday (26) and made things a little brighter for all of us. The main bright note was the reduction of 25 cents per gallon on diesel fuel that should mean a reduction on our electricity bills of around 4%. I […]

Finance Minister: “No new revenue measures”

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Finance Minister Hon. Marco Archer, JP, is busy putting the finishing touches to his Budget Address that he promises will unveil a people- and business-friendly budget, with no new revenue measures planned. “This budget is a good package,” Mr. Archer said this morning (Thursday, 22 May 2014). He said it would positively impact the business […]

Unemployed Caymanians 2013 at 9.4%

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The unemployment rate in the Cayman Islands rose to 6.3 percent in 2013 due to a rise in the unemployment rate among non-Caymanians to 3.1 percent. Meanwhile, the unemployment rate among Caymanians was estimated at 9.4 percent, lower than the 10.5 percent recorded in 2012. Caymanian employment grew by 6.1 percent in 2013, despite an […]

“Ride with Pride” with Cayman Flag Car Air-Fresheners

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A new product designed to promote the Cayman Islands and boost national pride is anticipated to be launched just in time for National Heroes Day celebrations. Cayman Flag air-fresheners can be displayed in vehicles so that everyone in Cayman can “Ride with Pride.” They can also be used as a drawer or closet freshener. Patrick […]

Chamber commends Government for saving $6 million in interest on loan repayments

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From The Cayman Islands Chamber of Commerce The Chamber of Commerce Council wishes to publicly commend the Ministry of Finance and Economic Development and the Hon. Marco Archer, in particular, for initiating and implementing the renegotiation of five Government loans that will save the public purse more than $6 million over the next 10 years. […]