As new development and upgraded infrastructure continue to improve Grand Cayman, in particular, transportation services are upping their game as well.
Cayman’s real estate market is thriving by any measure. Total property sales reached a record $800 million last year, an 18 percent increase over 2017. The number of property transfers, at 1,857 transactions, was 9 percent higher year on year. Construction activity, meanwhile, continues unabated all over the island.
On Jan. 15, the Caribbean Utilities Company announced that government accepted its integrated resource plan, a road map for how the territory will produce its energy over the next 30 years.
March 13 was a red-letter day for Cayman National Corporation Ltd. That was the day the Trinidad-headquartered Republic Group finalised its acquisition of Cayman National, making the territory’s only local bank local no longer.
Plastic, the miracle material invented 112 years ago, has morphed into the scourge of the modern era. Reports abound about tons of plastic debris washed up on shores, swirling about in oceans and rivers and found inside the bodies of fish.
On March 12, government and the financial sector awaited with bated breath the outcome of the European Union’s evaluation of Cayman’s tax regime.
Premier Alden McLaughlin’s announcement that Dart is planning an “iconic tower” that would “greatly exceed” the territory’s 10-story building limit was the biggest news to come out of last week’s Cayman Economic Outlook conference.
Grand Cayman has been seeing a wave of new hotel developments catering to the luxury travel market.
By all accounts, the residential real estate market in the Cayman Islands is in boom territory, as demand increases, the economy continues to be healthy, and consumer confidence is on the rise.
The Cayman Islands is capitalizing on new opportunities in the reinsurance market after 75 percent of the 33 new insurance and reinsurance companies established in Cayman last year were linked to the reinsurance space.
Throughout their careers in the financial services industry, former Maples managing partner Charles Jennings and compliance officer Kimberly Smith had to deal with an everchanging landscape of anti-money laundering rules and regulations.
Cayman Finance hosted a pair of events in New York on Jan. 22 to showcase the strength of the Cayman Islands financial services industry and its benefits to global partners, particularly those in the United States.
Daniel Altneu The new Immigration (Transition) Law, 2018 and Customs and Border Control Law 2018 came into force on Feb. 1 by Order of Cabinet....
The Cayman Islands has come under enormous regulatory pressure last year and that is not expected to change in 2019.
There is growing consensus to support a U.S. proposal for the reform of global corporate tax rules, which would limit the ability of multinational companies to shift profits to low-tax jurisdictions, according to the Organisation for Economic Co-operation and Development.
With the Securities and Exchange Commission moving to crack down on fraudulent crypto-schemes, the allure of crowdfunding capital through initial coin offerings on blockchain platforms appears to be fading.
Substance legislation passed by lawmakers in December 2018 has laid down the parameters for the way Cayman is responding to pressure by the European Union to reform its tax regime, but many questions remain about the economic impact of the new framework.
Cayman’s government and financial services industry professionals have had mixed reactions to the territory’s recently passed economic substance legislation, with some expressing cautious optimism that the new laws will increase investment in the islands, while others are bracing for an exodus of companies.
Financial markets were hit with an onslaught of weak economic news across the housing sector recently.
The Cayman Islands is home to billions of dollars’ worth of mergers and acquisitions in a given year, but few have the potential to impact the local community as much as the impending sale of Cayman National Corporation Ltd. to the Republic Bank Trinidad and Tobago (Barbados) Ltd.