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Topic: economic development

EDITORIAL – The Chamber’s changing of the guard

Let us extend a welcoming hand to new Chamber of Commerce President Paul Pearson, and offer a congratulatory pat on the back to outgoing Chamber President Barry Bodden for a job well done.

Will: China’s flawed ascent

George Will WASHINGTON – China produces an astonishing number of astonishing numbers, including this: In the 20th century, America made automobiles mass-consumption items, requiring prodigious...

Senior judges convene in Cayman

Some of the Caribbean region’s most senior judges are in the Cayman Islands this week to discuss a draft law that governs the appointment, discipline and removal of judges.

Cayman gets a 'C' on open data in global rankings

In a global index on open government data the Cayman Islands scored 61, on par with Pakistan and Russia.

Overseas Territories, London officials expect to broach beneficial ownership issue

Premier Alden McLaughlin and a six-member Cayman Islands delegation attended Tuesday afternoon’s opening session of the three-day annual Joint Ministerial Council in London. Ongoing questions of beneficial ownership are expected to be among the more contentious subjects addressed among the group of 12 Overseas Territories and Foreign and Commonwealth Office leaders.

UCCI awards highest honor to three citizens

While UCCI’s 2015 commencement celebrated the hard work of dozens of its graduates, the highest form of recognition bestowed at the October ceremony was reserved for three of Cayman’s most notable contributors.

Bush backs Afghan Special Economic Zones

Cayman Islands Opposition Leader McKeeva Bush recently promoted the transition of military bases in Afghanistan to Special Economic Zones.

OECD releases measures to curb corporate tax avoidance

The OECD presented a final set of measures that seek to reform international tax rules to close gaps and inconsistencies that allow corporate profits to “disappear” or to be artificially shifted to jurisdictions with low or no taxation.

Economy expands 1.4 percent, consumer prices fall sharply

The Cayman Islands economy expanded by an estimated 1.4 percent, buoyed by strong growth in the hotel and restaurant, and real estate, rental and business services segments.

Most MLAs not ready to take sides

The members of the Legislative Assembly are not yet revealing where they stand on the issue of whether a cruise berthing facility should be built in George Town Harbour.

Chamber members have mixed reviews on port proposal

Members of the Chamber of Commerce are split on the cruise berthing proposal, but most support new investment in the cruise port.

Overseas Territories leaders meet in Bermuda

Premier Alden McLaughlin will be in Bermuda this week for a meeting with all Overseas Territories heads of government.

Rival group launched to support cruise dock

A new “public information” group has been formed by supporters of a new cruise dock for George Town in an effort to counter a growing campaign against the $150 million project.

Opponents seek referendum on GT cruise pier

A coalition of Cayman Islands voters will seek to force the local government to abandon plans for a cruise pier in George Town harbor via a people-initiated referendum.

Scathing Fire Service report says department is top heavy with senior officers

Massive deficiencies in the Cayman Islands Fire Service, discovered more than a year ago, are finally revealed to the public.

Current issues: When the power goes out in Cayman

Most people think of CUC when one of two things happens: 1) their monthly bill arrives, or 2) the power goes out. Their thoughts are not likely to be loving.

Cable and Wireless and Columbus complete merger

Cable and Wireless Communications announced Tuesday that the company, which operates as LIME in the Cayman Islands, has completed its US$1.85 billion acquisition of all of the equity of Columbus International Inc.

Gallery staff attends visual arts conference

The National Gallery of the Cayman Islands is working on a number of initiatives prompted by its recent participation in a conference that sought to build stronger ties between artists in the Caribbean region.

Cayman gets five new garbage trucks

Cayman has five new garbage trucks, but for now residential trash collection will remain at once a week.

Alternative investment forum seeks new vision for industry

Megatrends are fundamentally shifting the alternative investment industry.

Cayman Brac's Cuba flights: ¿Por qué?

If it were possible for a government to create an economy from scratch, through subsidies and spending, then Cayman Brac would be booming.

Statistics Law: Government's latest numbers game

When posed with any proposal that would increase government's reach, diminish individuals' privacy rights and devolve responsibility away from elected officials – our first response is to ask: Why?

Statistics Law changes would make false data illegal

Proposed amendments to the Statistics Law would make it illegal to give false information in a government survey and opens up exempt companies for data collection.

2013 GDP growth, led by hotels and restaurants, revised to 1.4 percent

Fourteen of 18 industry sectors grew their economic output last year.

Brac duty concessions extended through 2015

Government has extended certain duty concessions, affecting predominantly Cayman Brac, in an attempt to stimulate economic activity.

Household expenses survey starts in January

Researchers will ask 1,400 Cayman households to track expenses for two weeks for the Household Budget Survey.

Minister Archer: ‘Respectable’ growth forecast for Cayman Islands economy

Cayman plans on steady, if unspectacular, economic growth over the next few years.

Cayman Islands lawmakers to consider early budget priorities

Legislative Assembly members will get a preview of the budget this week.

Funding for eastern roads still unclear

The construction of two new roads through Grand Cayman’s eastern districts, which would appear to be crucial for future economic development, is in doubt over questions of available funding.

Government enhances data gathering

Government will make more resources available to the Economics and Statistics Office to carry out new surveys.

Small rise in consumer prices

But the average inflation rate obscured price hikes restaurants, transportation and household equipment.

Minister: Cayman must move fuel terminal

A government minister says Cayman's current fuel terminal in George Town must be relocated.

Cayman’s economy expanded 1.5 percent in first quarter

The Cayman Islands gross domestic product expanded in the first quarter, boosted by significant growth in tourism-related sectors.

Cayman’s life expectancy explored

Figures released for 2013 show that, on average, Cayman residents live to the age of 82.

Bush may support fuel project

Cayman's opposition leader says he'll work to support the government's plan for a new fuel storage terminal.

Calls for Caymanian scholars

Caymanians are being invited to apply for the annual Chevening Scholarship.

Fuel storage terminal eyed for East End

Plans for a new fuelling depot will be subject of government-private sector talks next month.

Customs backtracks on confusing tariffs

The new customs coding system that has caused outrage among importers will be amended since the system has been found to be “tedious” and “not working,” Premier Alden McLaughlin announced Thursday,

New customs officers welcomed

Five Caymanians have beeen recruited as new customs officers.

2013 economic growth below forecasts

The Cayman Islands economy grew for the third consecutive year in 2013, but fell short of the expectation maintained by government until the third quarter of last year.

When DoE zeal collides with objectivity

Can the owners of the Alexander Hotel, or any developer, hold a reasonable expectation of objectivity when dealing with the Department of Environment?

Finance minister lauded by peers

Cayman's finance minister receives kudos from his party's political opponents.

Premier: We’ll finish the job

Cayman's premier and opposition leader duke it out for public credit over the territory's economic development.

Government in talks on new fuel depot

A new bulk fuel facility is in government's plans, according to a list of first year accomplishments for the Progressives.

Opposition leader: PPM should thank us

Cayman Islands Opposition Leader McKeeva Bush said Thursday that government members should be thanking his former administration for the budget surplus and for several development projects under way.

Business in brief

Business in brief.

More Caymanians in jobs

Unemployment among Caymanians declined by some 100 job seekers to an estimated 9.4 percent.

Business in brief

A roundup of business stories.

Modest rise in imports by Cayman residents

The total value of goods imported by Cayman residents increased 2.1 percent to $774.5 million last year.

Small businesses say zone brings new customers

Some small businesses say they are already benefiting from the new client base of over 100 companies.

Business in brief

Business in brief.

Ericsson rehires LIME staff

Fears that LIME employees would lose their jobs have been laid to rest after Ericsson rehired the company's former staff.

Growth slowed, inflation up in ‘13

Overall economic activity in the Cayman Islands grew by an estimated annualized rate of 1.0 percent in the first nine months of 2013.

Civil servant retires after 43 years

Sonia McLaughlin retires afte 42 years of service.

Blake sees tourism as way ahead

Sports tourism is one of few global industries not adversely affected by the worldwide recession, and the Cayman Islands has benefited from a number of football events recently to endorse that fact.

Business fee reductions planned

Cayman's small businesses may get a break in the next government budget, but civil servants won't.

Chamber slams gov't landfill plan

The Cayman Islands Chamber of Commerce urges government to forego the committee stage and find a landfill solution now.

Chamber Council to Minister: Find GT dump fix by Sept. 30

Chamber president says fix Cayman's solid waste problem now, not later.

100th zone company joins Cayman Enterprise City

Knowledge-based special economic zone Cayman Enterprise City has hit a milestone by signing up its 100th company to enter the zone.

Associations commend government on finances

Both Cayman Finance and the Chamber of Commerce have emphasized the improving state of government finances in the Cayman Islands.

Heroes Day to mark national pride

A group of local people will be wearing their commitment to Cayman on their chests from next week.

Credit rating remains high

Rating agency Moody’s has maintained the credit rating of the Cayman Islands with a stable outlook.

Enterprise City reaches out to London’s tech industry

Special economic zone Cayman Enterprise City hosted a dinner in London in December for British technology and media companies looking to attract new business by expanding into the North and Latin America markets.

Consumer prices see highest increase in years

Consumer prices increased by 2.8 percent in the third quarter of 2013 compared to a year earlier, the largest price jump since the fourth quarter of 2008.

Cayman Airways opens Brac ticket office

Cayman Airways has expanded its presence on the Brac opening a new ticket office and reservation centre and expanding its cargo facility.

New Bermuda fund offering raises Cayman fee issue

A new low cost fund with a fast track registration process in Bermuda is not going to threaten Cayman’s leading position in funds just yet

Chamber calls for three-month delay of conservation bill

Cayman's largest business organization wants to wait just a bit longer on environmental conservation.

Deputy governor: Cayman must ‘think big’

Franz Manderson admits that when it comes to competition for issuing work permits, Cayman is up against Bermuda and the British Virgin Islands.

Conservation Bill:
A turkey filled
 with stuffing

The contents of the legislation should give most people indigestion.

Football seminar boosts tourism

Sports tourism is one of the fastest growing industries in the Cayman Islands and it is getting another boost this week with a three-day football seminar attended by iconic figures in world politics as well as Joseph “Sepp” Blatter, the president of FIFA, the governing body of world football.

Blatter and Yorke on their way

Some of the biggest and most influential names in world football are soon coming to the Cayman Islands for sports summit.

Caymanians sought for scholarship

Marking the 30th year for the UK’s annual Chevening Scholarships, online registration for the one-year master’s degree program has opened worldwide for the 2014/15 academic year.

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