Archer, Marco

A donation from the board of the Cayman Islands Stock Exchange will be paying for a 14-month course for two Caymanian apprentices.

The website Cayman Marl Road has been forced to publish a public apology to former Finance Minister Marco Archer over a story which alleged he had acted dishonestly in his handling of a stamp duty waiver.

Cayman’s civil servants have welcomed the news that they will be receiving larger paychecks next month after Premier Alden McLaughlin announced a 5 percent pay increase backdated to July 1.

No deal has been reached on a proposal to make Cayman Islands civil servants pay for a portion of their healthcare premiums, despite claims by the previous government administration that such a move would be imperative in balancing upcoming budgets.

Attempts to have local blogger Sandra Hill (formerly Sandra Catron) imprisoned over an online post a former Cabinet minister said was in contempt of court have been “stayed” for the time being.

With the appointment of former Finance Minister Marco Archer as chief executive officer of the Cayman Islands Stock Exchange, the future of the exchange is decidedly bullish.