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Dukharan: Switching to renewable energy will cut Cayman’s cost of living

Economist Marla Dukharan made a strident appeal for renewable energy during her keynote address at Caribbean Utilities Company’s Women in Energy Conference
bonaire climate case

Dutch court delivers landmark judgment in Bonaire climate change case

A landmark court judgment has put new focus on the responsibilities of major European powers to protect small island territories in the Caribbean from the impacts of climate change.

Beyond berthing: A five-point plan for the future of cruise in Cayman

As part of a special report looking at the direction of the cruise industry following this month's referendum result, the Compass talked to multiple public and private sector leaders on what the future holds.

After the referendum, a new question for cruise: What now?

With the question of berthing answered - at least for now, a bigger, existential question hangs over the industry. What’s next?
Fosters supermarket has used in-store signage to explain recent price increases due to tariffs

Chamber surveys economic fallout from Trump’s tariffs

The Cayman Islands Chamber of Commerce has launched a Tariff Impact Survey to assess how the islands' businesses are being affected by US tariffs. The...

Economist questions necessity of cruise berth at campaign meeting

Campaigners against a cruise berth received a boost on Tuesday, 18 March, with a new report by economist Marla Dukharan on the issues surrounding the upcoming referendum.
Economist Marla Dukharan addresses a sold-out Economic Forum at the Kimpton Seafire. - Photo: Supplied

Caribbean economist questions value of Cayman cruise ships

Marla Dukharan, who delivered the keynote address at the Chamber of Commerce's Economic Forum, 'Cayman 2035', highlighted that cruise ships tourists injected an average of $116 into the economy a head, up 10% on 2019, but a decline in real terms.

Seven Mile erosion poses a billion-dollar problem for Cayman

Seven Mile Beach contributes $1 billion annually to the Cayman Islands economy, according to a new report that makes the case for immediate action to replenish sand lost to erosion at the iconic attraction.

Economist: Tourism is not a key pillar of Cayman’s economy

Protecting financial services and improving education to allow more Caymanians to benefit from expanding 'knowledge-based' sectors is the recipe for success in Cayman's economy, argues Caribbean economist Marla Dukharan.
Pension contribution suppression and withdrawal

Economist cautions against another pension fund raid

Economist Marla Dukharan has urged the government to think twice before allowing Cayman residents to make more early withdrawals from their pension funds to pay off their mortgages.

Economist: ‘Cruise profits not worth the cost’

The cost of the cruise industry, both financially and ecologically, likely outweighs the benefits for the Cayman Islands, a leading Caribbean economist has said.

The Caribbean and the world at the end of an economic supercycle

Economists at the virtual conference ‘Into the Metaverse’ painted a gloomy picture of a watershed moment for the global and regional economy, as mounting geopolitical and social problems are dimming the economic outlook for next year.  

The Caribbean’s virtual future – step into the metaverse

Ever wondered what it's like to attend a conference in the metaverse? The Compass finds out.

Economist: Cayman needs more income distribution than growth

The Cayman Islands may not need quite as much growth as is commonly believed, because the goal of higher living standards can be achieved, in part, through better income distribution, according to economist Marla Dukharan.

Economist: Shared vision needed for Cayman’s future

Caribbean economist Marla Dukharan says if Cayman is to develop in a meaningful way that addresses the inequalities in the community it must have a clear, collaborative vision plan.

CEC: Economic impact of US$662 million in the last decade

Cayman Enterprise City has released an updated economic impact assessment that puts the effect of the special economic zone on the local economy at US$662 million over the last decade.

Ageing society one of Cayman’s demographic challenges

The 2021 census put Cayman’s population at just below 70,000 people, about 26% more than during the last official count only 11 years earlier.

Should Cayman introduce its own digital currency?

Some of the most advanced digital currency pilot projects can be found in the Caribbean.

Economist reports US$500 million impact of Cayman Enterprise City

A new report released by Cayman Enterprise City (CEC) has put the special economic zone’s economic impact during the first 10 years of its operation at US$502 million.

Economist cautions Cayman must address wealth disparity

Cayman may have become a ‘victim of its own success’ with high prices for food, housing and utilities outstripping those expenses in the US...

Economist: ‘Cayman taking hit, but will recover nicely’

Cayman’s “really strong” economic and fiscal position means it is the best-placed country in the Caribbean to respond meaningfully to the current crisis, according to economist Marla Dukharan.

Podcast: Caribbean economies face ‘the great reset’

The Cayman Compass talks to Trinidadian economist Marla Dukharan about rethinking the way Caribbean economies should be structured post-COVID 19.

Chamber of Commerce forum to focus on ‘Rebuilding a better Cayman’

This year's Economic Forum, hosted by the Chamber of Commerce and the Ministry of Finance and Economic Development, will be held virtually next month.

How does a 15% contraction feel? Like 2013 – only worse

Current economic projections predict recessions all over the world at levels rarely, if ever, seen before. The Cayman Islands, for instance, is facing a 15% contraction of its economic activity this year. But what does this really mean? In terms of economic activity, it would transport the islands back to where they were in 2013.

Economist: Hit from COVID-19 could go beyond 2021

economist Marla Dukharan writes in her COVID-19 Caribbean Economic Impact Report,

2018 Tourism Conference: How much tourism is too much?

Balancing quantity with quality should be a key consideration for tourism destinations like the Cayman Islands, according to two guest speakers at the 2018 Annual Tourism Conference.

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