Monday, May 20, 2019

Boom times for Cayman home real estate

Cayman's number of living units and guest accommodations is increasing.

Leadership with a personal touch

Ask Jackie Doak for a single piece of advice for women pursuing business careers, and she can’t do it. Instead, she’ll give you half a dozen.

Not for love or money

The next time you meet your Money Laundering Reporting Officers (MLRO), spend a moment to chat with them and to fully understand the demands of their role, the conditions under which they work, and try to assess how enviable or not, their job is. Some would say their role is thankless but essential.

Cryptocurrencies no threat to financial stability, yet

Cryptocurrencies are currently not a threat to financial stability, according to the Financial Stability Board, a global regulator that advises the G-20 group of countries.

Tourism looks for big 2016 spend, but sees security concerns

The general mood related to tourism is upbeat and the statistics support it: arrivals are rising, construction is proceeding, employment is set to expand, and while economic recovery feels wobbly, optimism is guarded and hope springs.

Ironshore: Cayman’s nascent pharma giant

Cayman is globally renowned for its tourism and financial services, but is not known for having a pharmaceutical industry.

CUC smart meters: Savings, but also questions

A Caribbean Utilities Company program to replace standard electricity meters with new “smart meters” is set to finish late this year, but it has generated questions about the safety and security of the equipment.

A pre-emptive versus a data-driven Federal Reserve

Immediately following the Federal Open Market Committee’s (FOMC) decision on March 15 to raise the Fed funds rate to 0.75 percent to 1 percent, bond and equity markets rose in spectacular fashion. Currency markets quickly joined in the fanfare, sending the U.S. dollar sharply lower. In what is considered a “Goldilocks” environment for risk assets, the simple message from Chairwoman Janet Yellen is “the economy is doing very well.”

Demand billing, solar+storage and the looming challenge of renewable energy

Basing electricity charges on a consumer’s peak use in any single month is a departure for the Caribbean Utilities Company, but executives say the scheme accords with its still-unpublished – and 15 months delayed – 30-year planning report.

Stunning stories among highlights at alternative investment forum

Agent Gregory Coleman tracked his quarry, the so-called “Wolf of Wall Street,” for 10 years, ultimately sending him to a Nevada minimum-security prison for money laundering and securities fraud.

Residential real estate growing by double digits; commercial ready to soar

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.

Special Report: Record tourism drives resort boom

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

Economic Forum highlights concerns over cruise pier project

Regular readers of the Cayman Compass and other local media are surely used to seeing headlines over the years such as “Cruise dock deal on track,” “Government gives green light to George Town cruise dock,” and “Government plans to go ahead with cruise dock.”

A conversation with… Randy Merren

Few people have been in the Cayman Islands media and entertainment business as long as Randy Merren.

From war-torn Liberia to Cayman, and beyond

The Cayman Islands has been linked to many cross-border legal disputes, but few span the number of jurisdictions or the amount of time as an ongoing case in the United States that is pitting a British Virgin Islands-based attorney against a U.S. district court.

The Non-Profit Organisations Law: Key considerations for charities

The Cayman Islands recently implemented legislation which will have serious implications for charities operating in the Islands.

Beloved Isle Cayman

Beloved Isle Cayman as composed by Leila Ross-Shier, June, 1930O land of soft, fresh breezes,Of verdant trees so fairWith the Creator’s glory reflected ev’rywhere.O...

Digital wallet initiative seeks to reform identity management

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.

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.

Board Apprentice launches in Cayman

A U.K.-based nonprofit striving to widen the pool of board-ready candidates to increase diversity on boards globally launches in Cayman.
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