PLP & OBA Continue To Debate Term Limit Policy following Cayman Islands report
Shadow Finance Minister Bob Richards and the Progressive Labour Party continue to verbally spar over term limits, following a recent report from the Cayman Islands about the impact term limits had on their business growth. “The flak gets heaviest when…
Governor officially prorogues Cayman Islands current LA sitting
Cayman Islands Governor, Duncan Taylor officially prorogued the current session of the Legislative Assembly (LA) last Wednesday (20). Leader of the People’s Progressive Movement (PPM), Alden McLaughlin, along with his fellow opposition MLA’s boycotted the Friday, 15 June, gathering of…
Consolidated Water Co. Ltd. to Expand Retail Water Operations With Bahamas Joint Venture
Consolidated Water Co. Ltd. CWCO -1.49% , which develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent, today announced that it has formed…
Moody’s downgrades 15 major banks
The credit ratings agency Moody’s has downgraded 15 banks and financial institutions. UK banks downgraded include Royal Bank of Scotland, Barclays and HSBC. In the US, Bank of America, Citigroup, Goldman Sachs and JP Morgan are among those marked down….
Jamaican OCG now in Possession of Legal Opinion from Queen’s Counsel confirming validity of OCG’s Positions on Independent Oversight Panel (IOP)
The Office of the Contractor General (OCG) is now in possession of a formal written Independent Legal Opinion, from eminent Queen’s Counsel, Jacqueline Samuels-Brown, which supports the legal validity of the OCG’s contentions regarding the Government’s Independent Oversight Panel (IOP)….
Tingyl (Cayman Islands) issue $500 million bond
In a landmark deal for the Asian food and beverages sector, China-based food producer Tingyl (Cayman Islands) Holdings Corp (Tingyl) has, for the first time, issued a $500 million dollar bond at 3.875 percent notes due 2017. The notes are…
First Caribbean bomb hoaxer was suffering from depression
Eliza Rivers, 22, and mother of two children was suffering from severe depression when she made two calls to the First Caribbean Bank in George Town, Grand Cayman, two years ago in March 2010. The first call was to inform…
Caribbean leaders sharpen fisheries focus
Member countries of the Caribbean Regional Fisheries Mechanism (CRFM) now have a more focused agenda for improving sustainable fisheries and aquaculture, coming out of the 6th Meeting of the CRFM’s Ministerial Council, hosted on Friday, June 15, in Nassau, The…
PLP: Richards way off base on Cayman term limits
Public Relations Officer for the Progressive Labour Party Curtis Williams fired back yesterday on the Shadow Minister of Finance’s call for the lifting of term limits in Bermuda. One Bermuda Alliance MP ET Bob Richards on Monday suggested Bermuda would…
Latest CPI figures released and costs are rising
The latest Consumer Price Index (CPI) figures have just been released by government and although inflation (despite the recession) increased only marginally (0.1%) compared to 2011 we, here in the Cayman Islands, spend a lot more on fuel (6.4%). These…
