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Cayman Islands
Monday, March 30, 2020

Michael Klein

Michael Klein, Photo-Journalist
Michael Klein

Editor – Business

T: 345-815-0064
E: [email protected]

ARTICLES BY MICHAEL KLEIN

Cayman Finance: Industry is showing resilience

The financial services industry is providing business services as usual during the extended curfew measures, according to Cayman Finance chief executive Jude Scott.

JN Cayman introduces mortgage payment moratorium

JN Cayman is offering its existing members a three-month moratorium on mortgage payments.

Annual company fees deferred

The government has deferred the payment of annual fees for corporate entities registered in the Cayman Islands until 30 June.
Empty deckchairs at the Kimpton Seafire hotel lie empty.

US COVID-19 crisis is bad news for Cayman

Across the globe, different countries have responded to the coronavirus pandemic with varying degrees of urgency and with vastly contrasting success rates. Unfortunately for Cayman, the ineffectiveness of the US response thus far could prolong the economic consequences of the crisis for the islands.

Cayman falls in financial centre ranking

The Cayman Islands has dropped 17 places in the Global Financial Centres Index. Cayman is now ranked 47th in the index of financial centres...

Will the crisis put the brakes on sustainable investing?

Sustainable investing, which seeks positive returns and long-term impact on society, the environment and the performance of a business, has been the buzzword of the past 12 months.

Financial services filing deadlines extended

The Registrar of Companies and the Department for International Tax Cooperation have extended the filing deadlines for annual returns and economic substance notifications. The annual...

The storm before the calm: How to invest in a crisis

Let’s face it. This is a nightmare for any saver and investor. It does not matter how much money you have. Whether you are saving whatever you can scrape together for retirement or whether you are investing your hard-earned bonus to fund your children’s college tuition, the current market is distressing.

Property sales increase again in 2019

Property transfers reached a new high last year after a 4.3% increase in sales over 2018. The 1,936 sales counted by chartered surveying practice...

CIBC FirstCaribbean to offer clients financial assistance

CIBC FirstCaribbean is offering credit card holders a payment ease to help cushion any financial hardship as a result of the COVID-19 pandemic. The bank...
Commerce Minister Joey Hew

Centre opens to support small businesses

The Cayman Islands Centre for Business Development, which will provide support to small businesses across the Islands, especially during this current crisis, will open Monday, 23 March.

Credit Union to offer loan deferrals, lowers interest rates

The CICSA Co-operative Credit Union has announced measures to alleviate the financial and economic impact of the COVID-19 crisis on its members.

Jamaica National Group victim of ransomeware attack

The Jamaica National Group has apologised for the disruption of its services on 14 March, saying it had experienced a data security incident as...
Airbnb booking

Refunds uncertain for cancelled Cayman holidays

It was meant to be the holiday of a lifetime. After months of planning and saving, a trip to the Cayman Islands awaited.
Butterfield Bank and other financial institutions are offering mortgage relief to customers impacted by the coronavirus crisis.

Banks offer mortgage relief amid crisis

Butterfield, Cayman National and RBC Royal Bank are implementing measures to provide financial relief to clients impacted by the COVID-19 health crisis.

Butterfield lowers rates, reviews fees and terms

Butterfield Bank announced that it will reduce Cayman dollar and US dollar prime rates by one percentage point to 3.25%, with effect from Monday, 23 March.

Government encourages use of online services

Commerce Minister Joey Hew is urging the public to use government’s e-services online platform, www.eservices.gov.ky, to conduct business with departments and agencies.

Could coronavirus trigger the next financial crisis?

The stock markets on Thursday reacted with significant losses to President Donald Trump’s decision to ban travel to the US from 26 EU countries in an effort to contain the spread of COVID-19.
Market volatility CBOE's VIX index

Hedge funds outperform as stock markets tumble

Hedge funds were always meant to come into their own when market volatility increases.

Greenlight Re reports fourth-quarter loss

Greenlight Re reported a net loss of $30.3 million for the fourth quarter of 2019, impacted by a $14.2 million catastrophe loss related to typhoons Hagibis and Faxai.

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