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Cayman National subsidiary IBG Bank closing down

International Banking Group (IBG), the newest bank in the Turks and Caicos Islands (TCI), and a subsidiary of the Cayman Islands Cayman National Corporation, will cease retail operations, effective tomorrow Tuesday August 14th. Chris Johnson, managing partner of Chris Johnson…

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Own Motion Investigation by Complaints Commissioner into ability of Cayman’s DLP to ensure Health and Safety at Work.

The following are the first 11 pages of a 57 page Draft. For the whole draft go to the Office of the Complaints Commissioner. Please see today’s (15) iNews Cayman Editorial DRAFT “DANGER: CONSTRUCTION AT WORK.” OWN MOTION INVESTIGATION BY…

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OCG to Commence Formal Investigation into NWA CDF Contracts Awarded to Contractors Allegedly Selected by one “Derrick Kellier”

Kingston; August 14, 2012 – The Office of the Contractor General (OCG) will commence a formal Investigation into the circumstances which surround the award of Constituency Development Fund (CDF) Government contracts, by the National Works Agency (NWA), to contractors that…

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Cayman National subsidiary IBG Bank closing down

International Banking Group (IBG), the newest bank in the Turks and Caicos Islands (TCI), and a subsidiary of the Cayman Islands Cayman National Corporation, will cease retail operations, effective today Tuesday August 14th. Chris Johnson, managing partner of Chris Johnson…

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Emails told of fears over EADS unexplained payments to the Cayman Islands

By Carola Hoyos, Financial Times Senior executives of pan-European defence group EADS were alerted five years ago about questionable payments made by one of its subsidiaries in Saudi Arabia to an account in the Cayman Islands that is now the…

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Sarasota, Grand Cayman investor completes land buy from city

By: Gulf Coast Business Review August 09, 2012 BUYER: SRQ Land LLC (SRQ Land Limited and Michael Schafer), Sarasota SELLER: City of Sarasota PROPERTY: 12222 and 12500 Fruitville Road and additional land, Sarasota PRICE: $2 million LAW FIRM ON DEED:…

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JetBlue keeps focus on Florida and Caribbean with new routes as it plans up to 8.5% growth in 2012

JetBlue’s plan to grow its capacity on the high side for the US industry by 6.5% to 8.5% in 2012 is reflected in a planned roll-out of new destinations to the Caribbean, Florida and Latin America during 4Q2012. Those regions, particularly…

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New lawyers join Maples and Calder’s funds team

Maples and Calder has appointed four new associates to the firm’s growing funds team in its Cayman Islands office and a new partner to the British Virgin Islands office. Tim Clipstone, Greg Barwick, Philip Dickinson, Patrick Head and Lucy Nicklas…

Elimination of work permit holders’ pension contributions will cause higher plan costs

Silver Thatch Pensions is one of the largest pension plans in the Cayman Islands. The other is The Chamber Pension Plan that is affiliated with the Cayman Islands Chamber of Commerce. At Premier McKeeva Bush’s Public Meeting on the Budget…

Press Release From Arden McLean

Press Release From Arden McLean, Elected Member of the Legislative Assembly for East End I have today tendered my letter of resignation from the Peoples Progressive Movement (PPM) to the Political Leader of the PPM and Leader of the Opposition,…