The business of solar energy steadily expands, spurred by improved technology, and creating a race to design the most-efficient battery for storing excess power, enabling consumers to spread demand and defray costs.
Make what you will of the project to remediate the solid-waste disaster dubbed “Mount Trashmore,” but the effort to end the fire, smoke and leaching hazard has to be a good thing. The shredding of 7,000 tons of discarded tires is nearly complete, and at 100 tires per ton, that makes 700,000 tires that will be removed from the George Town landfill by early spring.
A list of speakers that included some of the world’s most prominent futurists and technology consultants discussed a variety of topics last month at the 15th annual Cayman Economic Outlook conference.
The complaints nibble at the edges of their optimism, but the upbeat mood among real estate brokers remains firm, though things could be even better – and South Sound is still booming.
A record-breaking share of chief executive officers are optimistic about the economic environment worldwide, at least in the short term.
Faced with increased competition, investor scrutiny and pressure on fees, private equity financial chief officers are looking to increase operational efficiency, but according to the EU 2018 Global Private Equity Survey, there is not a single clear strategy followed by the industry.
The Cayman Islands recently implemented legislation which will have serious implications for charities operating in the Islands.
Founded in 1987, the nonprofit Cayman Islands’ Real Estate Brokers’ Association annually oversees nearly three-quarters of all local realty transactions, listing at any given time an average of 1,500 properties valued around $1.6 billion.
The Cayman Islands Chamber of Commerce has a new face at its helm as of last month, with Paul Byles replacing Kyle Broadhurst as the organization’s president. However, not much will change under the new president’s leadership, Byles told the Journal last month.
Despite Cayman’s reputation for fast-and-easy banking, residents of the islands know the headache that can come with opening a personal bank account. One appointment can turn into several, as would-be clients track down the necessary paperwork and await the weeks-long approval process.
In matters of government policy, it is often difficult to take a dispassionate view. Some would say the modern discourse is so polarized, the strictly rational, factual view is drowned out. In this brief overview, we are going to attempt to lay out a few of the potential implications of the recently passed U.S. tax legislation.
On Dec. 5, the EU Council agreed, after long debate, haggling and horse trading, on a blacklist of 17 countries that the European finance ministers consider uncooperative in tax matters. They also voted on a commitment list of 47 countries that would be deemed uncooperative, according to the EU’s own criteria, had they not agreed in writing to remedy their shortcomings by the end of 2018.
Dr. Stephen Klasko said he is optimistic that within the next 10 years, the healthcare industry will be radically transformed. Technology will be the primary driving force behind that transformation, according to Dr. Klasko and others who spoke at the 25th annual Cayman Captive Forum.
New anti-money laundering regulations have been adopted in the Cayman Islands which, from May 31, 2018, will apply to unregulated investment entities as well as regulated funds and more traditional financial services providers.
Not least since the Panama Papers, media around the world have tirelessly repeated allegations that offshore financial centers are secrecy havens that enable financial crime.
Technology is becoming an important factor for hedge fund managers who are actively seeking to innovate to improve operational efficiency and attract capital.
For a country like Cayman whose currency is tied to the U.S. dollar and therefore to the whims of the U.S. Federal Reserve’s monetary policy actions, the Cayman Investment Summit had a decidedly gloomy message: the U.S. dollar-led global currency system is in urgent need of reform and central banks have essentially no power to affect monetary or economic goals.
Cayman’s newest law firm is three months old, and its two female founders cite former U.S. First Lady Michelle Obama as inspiration for a venture they hope will “change up the corporate game.”
Cayman Islands law governing beneficial ownership data took effect July 1, ushering in a technology-based system to manage the exchange of information about the true owners of Cayman-registered entities.
Cayman Islands real estate brokers and precious metals dealers will soon come under extra scrutiny when a new regime kicks in subjecting them to inspections from the Department of Commerce and Investment, which will make sure they are following the territory’s anti-money laundering rules.