Friday, November 24, 2017

Chamber honors vital business contributions, beyond pure economics

The Chamber of Commerce celebrated 16 Grand Award recipients at the Chamber of Commerce Business Excellence Awards at The Ritz-Carlton, Grand Cayman in October. The inaugural event attracted more than 200 guests, as well as Joseph Hew, the Minister of Commerce, Planning and Infrastructure, and Roy McTaggart, the Minister of Public Finance and Economic Development, both past presidents of the Chamber of Commerce.

Inflation, quantitative easing and US interest rates

There are two forces holding down long-term interest rates in the U.S. currently, despite above-trend economic growth which might otherwise point to higher rates. The first is the U.S. Federal Reserve’s balance sheet expansion, or quantitative easing as it is known in the markets. The second is a pronounced slowdown in measured and expected inflation over the course of 2017.

Cayman’s new foundation company

If you want the best structure to manage property or conduct a business, for the benefit of a family, or to fund a philanthropic project, or to carry out a plan of any kind whose goal is not simply to make money for members, please take a look at Cayman’s new foundation company – introduced by the Foundation Companies Law that came into force on Oct. 18, 2017.

Cayman vies to lead blockchain, digital ID innovation

The implicit promise of quiet relaxation that comes with retirement has been far from the reality for former Equifax CEO .The fallen executive’s career came to an abrupt end in September following a security breach that implicated the personal data of more than 145 million Americans.

Lessons from Ivan: BVI financial sector faces long road to recovery

After Hurricane Ivan ravaged the Cayman Islands on Sept. 11-12, questions persisted for days about whether the island’s financial services industry would also be devastated.

Cruise lines weathering the storm

Hurricanes Irma and Maria disrupted many sectors of the economy but none more so than the cruise industry. The shares of major cruise line operators Carnival, Royal Caribbean and Norwegian Cruise Line faced significant headwinds in September.
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A solution for de-risking?

Government officials and industry professionals have long stressed the importance of regulatory compliance for their firms and for the wider financial services industry in the Cayman Islands.

Armour Expo: Weather and IT are inseparable for Caribbean businesses

In the wake of a devastating hurricane season, much of the Caribbean has been forced to take on massive rebuilding efforts in coming months.

Living securely in a digital world

Over the past several months the news has been full of reports about cyber criminals using malware to shut down devices or networks, steal data, or hold it for ransom. During the second quarter of 2017, more than 184 billion total exploits were documented. While most of these attacks targeted large, commercial networks, there has also been a large spike in such activities targeting the devices and data of individual users.

ZEDRA is delivering on launch strategy, management says

Almost 20 months after the buyout of Barclays’ trust and fiduciary business and the launch in seven jurisdictions, trust and corporate service provider ZEDRA finally held its official launch party in Cayman in October.

Health forum addresses processed foods, cancer, chronic diseases

The prescription is fascinating, sensible and easy to remember – and it might save your life: Shop the perimeter.

Inflationary dynamics: Clear as mud

Addressing the National Association for Business Economics (NABE), Federal Reserve Chairman Janet Yellen delivered a striking tone on the inflationary debate. Reiterating the “mystery” surrounding the recent low inflation readings, the chairman’s candid remarks did very little to stir markets.

After record player transfers, football’s rules for financial fairness are left in disarray

While 222 million euros has a nice ring to it, the largest-ever transfer fee for a football player – Brazil’s Neymar – has also caused a ringing in the ears of owners and managers at the world’s top clubs.

Few stocks consistently create value for long-term investors over 20 years

Investors who deal intensively with the stock market are always looking for stocks whose value continues to rise over long periods of time. The “value creators” ranking provides guidance in the search for exactly those kinds of stocks.

Shining the spotlight on socially responsible investing

Socially responsible investing has been referred to by many names, including sustainable, responsible and impact investing. In essence, socially responsible investing is an investment approach that considers environmental, social and governance (ESG) factors in portfolio selection.

Business Excellence awards to honor local contributions

A nine-category “Academy Awards” for business excellence is scheduled for Oct. 14 at The Ritz-Carlton, Grand Cayman, celebrating the best of local entrepreneurs and a single individual singled out for a lifetime achievement honor.

Behind the scenes, Maritime Authority excels in yachting industry

Tucked away on the third floor of the Government Administration Building, the Maritime Authority of the Cayman Islands does much of its work out of the public spotlight.

Data protection coming to Cayman in 2019

At an unspecified date in 2019, the Cayman Islands will introduce far stricter privacy protection rules affecting every business that processes customers’ or clients’ personal information.

Cayman’s new nonprofits legislation aims to prevent terrorist financing

The idea that people in the Cayman Islands could attempt to finance terrorist organizations may seem strange to some, but the risk is very real.

CAL poised for longer-haul aircraft, new destinations

The delivery of four 160-seat fuel-efficient Boeing aircraft late next year will at last allow Cayman Airways to consider new routes throughout Canada, the U.S. and potentially South America and Central America.
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