Topic: EY
NCB Group’s unfinished Kailani hotel project placed in receivership
Work on the property slowed following completion of the hotel shell in 2024
EY awarded $1.28M contract to overhaul budget process
Government has awarded a $1.28 million contract to EY Cayman for consultancy services to implement Cayman's new outcomes-based budgeting framework.
EY survey: Alternative managers largely delivered on expectations in volatile markets
Most alternative fund managers delivered value for investors during last year’s difficult and volatile financial markets conditions.
Hedge fund sector embraces new investment opportunities
Despite the COVID pandemic continuing to affecting operations last year, the hedge fund industry adapted and built on the momentum gained in 2020 with strong earnings and new investment strategies.
Business in brief
Law firm HSM participated in the Layman E. Scott Sr. High School Career Fair, which helped to give students first-hand experience at applying for jobs and learning what career opportunities exist in the Cayman Islands.
EY aims to be carbon negative in 2021
Accounting and consulting firm EY aims to be carbon negative this year and net zero in 2025.
Business in brief
EY’s Robert Moncrieff, Global Insurance International and Transactions Tax Services leader, has joined the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands.
Margaritaville resort sued for million-dollar debt
A dozen people have petitioned the Grand Court’s Financial Services division to recoup debts from MV Advisory Ltd., the parent company of the now-closed Margaritaville Beach Resort and Spa on West Bay Road.
Fintech adoption expected to increase quickly
Earlier this summer, consulting firm EY released a report highlighting that financial technology (fintech) adoption among consumers nearly doubled over the past 18 months, and the adoption rate was growing faster than anticipated.
EY donates to hurricane relief
EY has donated $200,000 to Hurricane Dorian relief efforts in the Bahamas. Leadership of the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands will donate $100,000, with EY Americas matching that figure, to the Bahamas National Emergency Management Authority (NEMA).
EY appoints technology advisory partner
David McGibbon has joined the Advisory practice of EY’s Bahamas, Bermuda, British Virgin Islands and Cayman Islands region as partner.
EY launches art program for seniors at National Gallery
Accounting firm EY is sponsoring a new program at the National Gallery aimed at bringing older members of the community to the gallery and other venues in each district to take part in social gatherings centered around heritage and culture.
EY announces blockchain audit technology
Accounting firm EY has launched a suite of blockchain audit technologies with the ability to review cryptocurrency business transactions.
Business in brief: EY awards scholarships
EY has selected Jamal Hinds and Raidez Perez as the winners of this year’s EY Cayman Scholarships. The scholarships have a value of up to $30,000 a year for a maximum of five years until recipients have completed the minimum educational requirements to qualify as a CPA.
EY pledges US$300,000 to International College of the Cayman Islands
Accounting and consultancy firm EY has committed US$300,000 to the International College of the Cayman Islands to support the delivery and growth of the college’s programs.
Business in brief: RE/MAX launches real estate apprenticeship program
Digital forensics expert joins KRyS Global; EY wins top CPA firm at Captive Services Awards; HSM Group adds dispute resolution attorney; Butterfield scholarship recipient to study at Durham
European Union leads tax reform, Ernst & Young finds
European Union member states are driving tax reform with the implementation of recommendations made by the Organization for Economic Cooperation and Development under its base erosion and profit shifting (BEPS) project, a new Ernst & Young report states.
Top stories of 2015: The year of the report
The theme for government in 2015 may well have been “The Year of the
Report.” Ministers and civil servants have been going through a yearlong
review of the EY Report, which calls for numerous government reforms.
Editorial Year in Review Economic prosperity, education
Compass editorials in 2015 on economic prosperity and education.
Festive music is in the air
East End Primary was the scene of festive songs and celebrations for the school’s annual Christmas musical, “A King is Coming to Town.”
Hedge funds respond to effects of regulations for prime brokers
Hedge fund managers are feeling the effects of new regulations for banks and prime brokers through increased trading fees and broader changes to their business relationships.
Lightning is the brightest
The fall roller hockey season at Kings Sports Centre is halfway through and the competition has been exciting, with many close battles and great competition.
Government and the EY Report: Why even bother?
The verdict is in: "Project Future" has no future.
EY Report update: Few job cuts, less outsourcing in gov’t plan
Although proposals will initially lead to few job losses and no outsourcing of functions to the private sector, the Cayman Islands government announced Monday that it would seek to move forward with a total of 51 recommendations derived from a 2014 consultant report.
Ministry pursuing millions in garbage fees
Cayman's government is still trying to collect trash fees from a decade ago.
Premier: EY report 'review' almost complete
The Cayman Islands government has nearly completed its year-long review of a consulting report that sought to both downsize and improve efficiency of the public sector.
Special Olympics athletes are healthy athletes in Cayman
Cayman Islands Special Olympics athletes gathered at the Lighthouse School on Saturday for the annual Healthy Athletes and Eunice Kennedy Shriver Day family event.
Silver lining at NARCH proves Cayman is on a roll
The Cayman National Youth Roller Hockey team took part in the North American Roller Hockey Championships finals for the third consecutive year and did as well as ever.
EY reform plan: One year later
It
has been a year since the Cayman Islands government announced an
ambitious public sector reform plan to restructure the civil service,
amalgamate certain services, privatize others and sell off certain
public assets.
The reforms were based on a $155,000 consultant report done by EY, and although many of the recommendations were longer-term projects, Premier Alden McLaughlin said in April that six areas in particular had been identified as issues the government would pursue immediately.
One year later: Anyone remember the EY report?
Twelve months after the release of the EY report, we look up to see that the public sector has been downsized neither in size nor scope.
Speed limit immobility: Sign of the times
It is difficult to think of an act of governance more simple than setting a speed limit.
An argument against cruise berthing facilities
Caymanian Bo Miller makes an argument for why the cruise berthing project should not go ahead.
Dan Scott leaves Cayman Finance board after five years
Rohan Small, a partner at EY, will fill the open position.
The 'sanitized' schools report: Mystery solved
Mary Rodrigues, then chief officer of the Ministry of Education, ordered her staff members to rewrite a highly critical report on behavior in Cayman Islands government schools, according to emails the ministry fought to withhold from public view.
Pay raise, praise for civil servants
Cayman's government leaders praise the civil service, but warn of further changes ahead.
Back to basics: Garbage collection, airport parking
Failures in garbage collection billing and airport parking are illustrations of our government's major problems with what should be minor matters ... a running theme in the Cayman Islands public sector.
289 businesses not billed for trash
Fee exemptions for residential garbage customers were inadvertently extended to businesses.
Outreach artwork on display at National Gallery
Artwork by participants in the National Gallery outreach art programs, including prison inmates, the elderly, people with disabilities and recovering drug addicts, is on display at the gallery.
Queen's birthday brings much-merited recognitions
Across the world, British subjects marked the official birthday of Her Majesty Queen Elizabeth II with parades, pageantry and awards ceremonies. The celebrations had a particular added significance for those in the Cayman Islands who received special honors and recognitions.
Queen's Birthday honors: Derek Haines, Dan Scott awarded
Marathon man Derek Haines and financial services industry leader Dan Scott were recognized for their contributions to the Cayman Islands in the Queen’s Birthday honors list.
The premier and FOI: From 'signal moment' to 'burden'
In the words of Premier McLaughlin from 2007, it's time “to tear off the shutters of the windows of the Glass House and let the sun shine in.”
Premier: FOI 'unproductive use of time'
Support for open records laws in the Cayman Islands seems to be on the wane among government leaders.
CAIA launches Cayman Islands chapter
CAIA Cayman Islands will offer educational and networking opportunities for the alternative investment community.
Miller calls EY report 'a waste of money'
North Side MLA Ezzard Miller called the EY report a waste of money and said privitization of services seldom saves the government money.
Stars to host Fashion Week show
Events at Cayman Islands Fashion Week
Private sector advises on government 'media merger'
Cayman's government media communications apparatus goes under the microscope this week.
Government land sale could net $10M
Cayman's government will make far less from the sale of public lands than the $65 million a consultant's report indicated.
Premier insists EY reforms progressing
Cayman's government says progress is being made on civil service consolidation and reform.
Business in brief
Business in brief.
EY report six months later
A six-month progress update on the Ernst & Young government consulting report shows slow going.
EY Report: Another one bites the dust?
More than six months after the publication of the EY report, it appears we have another "dust gatherer" in the making.
EY's events were short and sweet
The EY Cayman Sprint Meet hosted by Stingray Swim Club at the Lions Aquatic Centre saw some of Cayman’s finest swimmers compete over the weekend.
Court rejects voluntary liquidation for Caledonian
The Grand Court has rejected an
attempt by the shareholder of Caledonian to put the bank into voluntary
liquidation.
Ex-MLAs on Turtle Farm: 'Stop wasting the public's money!'
John McLean and Truman Bodden say the government should fix its "Boatswain's Beach" mistake.
Prep thwarted
The EY Inter-School Hockey Tournament saw some great action over the weekend at Kings Sports Centre.
FTI grabbed Gaelic showpiece
The Gaelic football season is about to start, and as a warm-up, a mixed 9s tournament at the Cayman International School field in Camana Bay was held on Saturday.
Postal Service: On stamps, and duties
Fraught with inefficiences, failures and finger-pointing, the Cayman Islands Postal Service is a poster child for dysfunctional government.
2014 Year in Review
A month-by-month review of the Cayman Islands' top new stories in 2014.
Chelsea can't afford to ease up
The Premier League season has hit the halfway point with Chelsea at the top of the table and reigning champions Manchester City in hot pursuit.
Echoes of 2014: A year of strong editorial opinions in the Compass
The Editorial Board has compiled selections from some of the most provocative editorials published in the Cayman Compass this year, at least in our opinion.
Bo Miller's infrastructure fund set for 2015 launch
An infrastructure fund that will allow Cayman Islands residents to invest in major capital works will be registered with the Cayman Islands Monetary Association in January and will be in a position to bid for public and private sector projects in 2015, according to its founder.
New option mooted for police complaints
Plans for an independent complaints authority to investigate public grievances about the police could be shelved in favor of moving that role into a new ombudsman’s office.
Information commissioner responds to Compass editorial
I have just read the editorial in the Compass this morning (Dec. 11), and I’d like to respond.I sincerely appreciate your kind words of...
Shifting allocations drive hedge funds to new products
As institutional investors are no longer increasing their allocations to hedge funds, hedge fund managers bet on new products to drive growth.
Academies examined in review of Cayman Islands schools
A review of the Cayman Islands education system will include an assessment of the suitability of U.K.-style academies in the territory.
Government-owned media face merger
Cayman's government will merge its various media-related entities into one unit.
Cayman’s revenue problem
Cayman's problem with revenue is the government has far too much of it.
Public projects could ‘easily’ cost Cayman $1 billion
Cayman has already hit the ceiling on borrowing, but a government consultant warns it may also have reached its limit on taxes.
‘Project Future’: How far into the future?
The government's establishment of a "Project Future Steering Committee" is an early and easy, but important, step toward cutting the size and cost of the Cayman Islands civil service.
‘Project Future’ committee to implement EY report
The Cayman Islands government’s quest to downsize and improve the local civil service has taken another step forward.
Running government by committee
Leading by committee, consensus and constant checking of the public pulse is not leading at all. The process to enact a minimum wage in the Cayman Islands is especially instructive.
Taxpayers’ bill doubles to insure retired civil servants
Cayman Islands taxpayers are footing nearly double the bill for retired civil servants when it comes to paying for health insurance premiums.
