Tuesday, April 25, 2017

LATEST ARTICLES

Greening Cayman and growing the economy

Six trucks carry the tires to the conveyor belt, which lifts them high above an industrial hopper, dropping them into a shredder that reduces each one to two-inch rubber chips in five seconds. Despite an astonishing capacity to process between seven and eight tons of steel-belted radials – and others – each hour, Island Recycling and its Guernsey Recycling Group partner are likely to need nearly a year to process the half-million tires collected at the George Town landfill during more than a decade.

Solar, geothermal, LEEDS and the rise of the electric vehicle

The ceremony was less than “historic,” but marked a minor milestone as Cuba’s first electric car was handed over in Havana on March 17 to its Guyana Embassy owners by Cayman Automotive’s John Felder. Felder’s U.S.-based Premier Automotive Export subsidiary of Cayman Automotive shipped the US-built, four-door Nissan Leaf to Havana in late February.

The Rolls-Royce of reminders for Cayman’s regulated entities

On Jan. 17, 2017, Brian Leveson, QC, approved the entry by Rolls-Royce and the Serious Fraud Office into the largest deferred prosecution agreement of its kind. In what is a timely reminder for all regulated entities – including those in the Cayman Islands – Rolls-Royce’s cooperation with the regulator was considered to be an important factor in determining that the DPA was appropriate.

Chamber president turns focus to education

Education will be a central priority for new Cayman Islands Chamber of Commerce president Kyle Broadhurst. The attorney succeeded 2016 president Paul Pearson in February. While Broadhurst will serve a quick year in the role, he hopes to use his term to solidify educational collaboration between the chamber and government.

Cayman’s rental prices attractive compared to other financial centers

Rental prices in Cayman are on the rise and considered expensive by most, but an international comparison shows they are still moderate compared to other international financial centers. Research by RENTCafé, a U.S. apartment search website, places Cayman behind 18 of the top 30 international financial centers in terms of apartment rental costs.

Brexit and the Cayman Islands – preparing for impact

The current consensus on the possible impact of Brexit on the Cayman Islands and indeed the Caribbean is simply that it all depends on the final Brexit deal negotiated between the U.K. and the EU. But there are a number of reasonable implications and we need to prepare for them.

Why hedge funds underperform

The bull market in stocks recently celebrated its eighth birthday. But the current upswing in share prices is already quite old by historical market standards. Although bull markets usually do not die of old age alone, nobody knows for sure for how much longer this one will survive. But whether its death comes tomorrow or in several years, the performance so far is impressive.

The disruptive rise of machines in finance

The finance industry is just at the beginning of an unprecedented era of disruption. The accelerating speed of technological change and the potential for automation promises massive changes for banks, investment firms and other parts of the financial industry.

Insurance group turns to intelligent technology

Artificial intelligence technology, described as mimicking the human immune system, is planned as the next line of cyber defense for Cayman Islands health insurance provider BritCay.

Sustainable prices, scarce waterfront land, global interest

This could be one of those rare moments: The salespeople and the surveyors, the people who value real estate on a business-to-business basis, agree the market is strong and likely to remain so.

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