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Month: May 2012

Closing Remarks by the Premier, The Hon. McKeeva Bush, OBE, JP for the Caribbean Development Bank closing Ceremony

Salutations. If the cultural genome of the world could be decoded, it would be seen that the Caribbean boasts some of the brightest, nimblest, most adaptable people on the planet. This has been reaffirmed during the past week, as we…

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Special Olympics Open Water Swimming Clinic held in the Cayman Islands

Kester Edwards, a former board director of Special Olympics International, and Special Olympics Cayman Islands under the leadership of Maxime Everson organised the first international Special Olympics open water swimming clinic on Grand Cayman. Over 25 coaches and open water…

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Typical CEO made $9.6M last year, AP study finds

AP) — Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from…

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Concerns over Cayman Islands Consolidated Water deal with Npdevco

BISX-listed Consolidated Water yesterday said its $14 million joint venture water supply deal with New Providence Development Company (NPDevCo) would ultimately supply “everything bar Albany” west of Lynden Pindling International Airport (LPIA), although not everyone is happy with their 25-year…

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Rare Cayman Island stamps

Below are some rare Cayman Islands stamps. These are among the most scarce and rare Cayman Islands stamps ever sold! If you have one you might want to get it valued and insured! These were listed by Sandafayre on their…

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Alibaba’s “Scheme” to seek sanction by Cayman Islands Grand Court

Alibaba Group Holding Limited (“Alibaba Group”) and Alibaba.com Limited jointly announced that the proposal for the privatisation of Alibaba.com by way of a scheme of arrangement (“Scheme”) has been approved by a sufficient majority of the independent shareholders of Alibaba.com…

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Statement by Premier and Minister of Finance Dr. the Honourable D. Orlando Smith, OBE

Statement by Premier and Minister of Finance Dr. the Honourable D. Orlando Smith, OBE on behalf of: the British Virgin Islands, Anguilla, the Cayman Islands, Montserrat and the Turks and Caicos Islands 42nd annual meeting of the board of governors…

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Turner’s Classic Movies (TCM) cruise coming to Grand Cayman

With the unprecedented success of the 2011 cruise, Turner’s Classic Movies (TCM) have announced a second voyage slated to depart from Miami on January 21, 2013. During the six-day voyage, the Celebrity Constellation will make its way from Florida to…

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Spain’s Bankia asks for $24B in state aid

(AP) — Spain’s troubled bank, Bankia, asked the Spanish government for €19 billion ($23.8 billion) in financial support on Friday, the day that a leading credit rating agency downgraded it to junk status. Jose Ignacio Goirigolzarri, the bank’s president, said…