Between Facebook and JPMorgan, Wall St. woes mount
AP) — Almost four years after the financial crisis, Wall Street still can’t get it right. Investor anger mounted Wednesday over the initial public offering of Facebook stock last week, which was fumbled by the banks that managed the deal…
Fears grow over Coventry City FC going bust as Cayman Islands link revealed
Fears that Coventry City could be close to going bust are growing – following a Telegraph investigation into owner Sisu’s offshore business dealings in the Cayman Islands. Our investigation has prompted Coventry City Council leader John Mutton to call on…
Auditor General slams CINICO and CINICO replies
The Auditor General, Alastair Swarbrick, made public yesterday (23) a performance audit report on the “Management of Overseas Medical Services.” The Cayman Islands Government is currently spending approximately $30 million a year on overseas medical care. In his report, Mr….
Customs Collector Retiring
After a distinguished career spanning 40 years, Collector of Customs, Mr. Carlon Powery, MBE, JP, will be retiring on 31 May 2012. Mr. Powery, who decided last year to retire after four decades in service, has seen revenue collected by…
Cayman Islands Auditor General says paving of Cayman Brac private parking lots was illegal
In a Public Interest Report released to us Tuesday (22), but embargoed until 11am on Wednesday, the Auditor General, Alastair Swarbrick, said his office (OAG) had became aware of concerns raised by a number of parties a bout the paving programme…
Leadership Cayman (LC) immersed in Financial Services
The Chamber of Commerce’s Leadership Cayman (LC) group was immersed in productive conversation recently regarding the Financial Services landscape in the Cayman Islands. This took place within the programmes’ ninth seminar scheduled on May 9th, 2012. On the 7th floor…
Royal Yacht on Jubilee Coin
A limited edition $5 silver coin commemorating the Diamond Jubilee of Her Majesty Queen Elizabeth II went on sale (Tuesday, 22 May, 2012), at the Cayman Islands Monetary Authority’s (CIMA’s) Currency Section in the main Government building on Elgin Avenue….
CDB to finance education sector reform project in Belize and to assist in road safety improvements
The Caribbean Development Bank (CDB) is to provide a Technical Assistance loan equivalent to USD2 million to the Government of Belize to finance an Education Sector Reform Project. The objective of the Project is enhanced learning outcomes across all levels…
CDB member countries to receive assistance with human development monitoring and CDB to manage EU funds for EPA implementation
Five borrowing member countries of the Caribbean Development Bank (CDB) are to benefit from financing from the Bank for a database system which harnesses the power of advanced information technology to compile and disseminate data related to human development, as…
Cayman Islands to be vice chair of COCTC
Curacao is the first chair of the executive body of the recently formed Caribbean Overseas Countries and Territories Council (COCTC), a new body created to foster stronger relations between the several European Union (EU) dependencies in the Caribbean. The council…
