Letter from Hong Kong – A Tale of Two Cities
“For a city without any natural resources, a non competitive immigration policy is a policy which contributes to our economic non competitiveness. This is a fight we can ill afford to lose”. This was not, as it well might have…
Walkers launch specialist group
Leading international financial law firm Walkers has announced the launch of its Insurance Linked Securities (ILS) Group. It will bring together the deep expertise within the firm regarding alternative risk transfer arrangements such as catastrophe bonds, reinsurance sidecars and securitisation…
Stocks fall sharply as Europe worries deepen
NEW YORK (AP) — Stocks fell sharply in morning trading Tuesday as worries deepened about Europe’s debt crisis and the weak U.S. economy. The yield on the 10-year Treasury note fell and gold rose as investors sought safety. An hour…
Cayman business must do better – says FT report
A report by leading British newspaper the Financial Times has rated the Cayman Islands as poor when it comes to a number of key attributes in business. The Foreign and Direct Investment report says Cayman ranks nowhere when it comes…
Maples and Calder Recruited Record Number of Summer Students
Maples and Calder welcomed nineteen summer student interns in June, marking a record number for the firm, which invites applications each year from young adults who are in the last years of their secondary education or beginning their tertiary education….
Estimating your start-up business costs
Before you take out a second mortgage, use these rules to figure out the realistic costs of setting up a business. Most lending banks insist you have to have a business plan. When you have one that’s not the beginning…
Camana Bay to host Business After Hours
Camana Bay will be hosting its Business After Hours (BAH) event on Thursday, September 8 from 5:30 pm – 7:30 pm on The Crescent in the Town Centre. A “not-to-be-missed” opportunity to network. All Chamber members are invited to attend…
Tax reprieve for US expats
US demands for money from anyone with a business, financial or other relationship to America have been delayed by one year after a global outpouring of protest to Washington. The Foreign Account Tax Compliance Act (FATCA), widely perceived as an…
ATO seeks tax, penalties from Myer float
The Australian Tax Office wants private equity entities based in Luxembourg and the Cayman Islands to stump up $738 million for tax, penalties and interest after they reaped $1.5 billion from the 2009 float of the Myer retail chain. While…
Home Gas offers propane installation training
As part of their ongoing commitment to ensure that all propane installations are done in accordance with the codes governing their safety, Home Gas is holding a weeklong Certified Employee Training Program (CETP) course 22 – 26 of August. The…
