Wednesday, July 10, 2019

What’s new in transportation?

As new development and upgraded infrastructure continue to improve Grand Cayman, in particular, transportation services are upping their game as well.

Cayman’s property market: ‘Don’t call it a boom’

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.

What CUC needs to do to go ‘green’

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.

Quality financials prompted Cayman National takeover

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-free push gains momentum

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.

Where next with the EU tax blacklist?

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.

Beyond towers: CEO speakers provide glimpse into the future

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.

Special Report: Record tourism drives resort boom

Grand Cayman has been seeing a wave of new hotel developments catering to the luxury travel market.

Special Report: Residential real estate market takes off

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.

Industry players see new opportunities in reinsurance

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.

Companies turning to software to comply with AML rules

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’s financial services showcased to New York audience

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.

Immigration Law paves way for bright future

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....

STEP conference: Cayman urged to ‘play more offense’

The Cayman Islands has come under enormous regulatory pressure last year and that is not expected to change in 2019.

Global corporate tax reform set to receive unexpected push – from the US

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.

Harmonizing digital and traditional investment through blockchain

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.

Uncertainty remains despite new economic substance rules

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.

Offshore finance centers bracing for substance legislation impact

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.

What’s brewing in housing?

Financial markets were hit with an onslaught of weak economic news across the housing sector recently.

Cayman National has event-filled months since sale announcement

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.
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