Wednesday, April 24, 2019

The implications of China’s historic yuan devaluation

The yuan’s depreciation was trivial when compared to the depreciation other emerging market currencies have experienced this year.
A tender ferries passengers to a cruise ship in George Town harbor. Plans for a cruise berthing dock in Grand Cayman mean tenders would no longer be required. – PHOTO: CHRIS COURT

Asia’s economic climb presents scant threat to Caribbean tourism

Frank Bentayou “Concern in Caribbean is unfounded.” That’s the pithy first line of an email Stewart Chiron sent during a mid-trip pause in Dallas last week...

Hiding crime in plain sight – the crux with public company registers

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.

The National Risk Assessment: AML risk under the microscope

The Cayman Islands is undergoing its first National Money Laundering/Terrorist Financing Risk Assessment, but what does this really mean for the jurisdiction?

Cayman moves up financial rankings

The twenty-third edition of the Global Financial Centres Index (GFCI 23) ranked the Cayman Islands as the 22nd best financial center in the world out of 110 total jurisdictions. Cayman’s ranking improved nine places over the last year and was the highest among all U.K. Overseas Territories and Crown Dependencies.

After FATF and EU scrutiny comes U.S. tax reform

Even for a jurisdiction used to an ever-changing regulatory landscape, the end of 2017 particularly tumultuous time for the Cayman Islands financial services industry.

BlackBerry for business

BlackBerry phones are still a vital component for businesses, with some exciting developments on the horizon promising to make the devices even more popular.

FIFA’s Cayman ties long pre-date Jeffrey Webb

Charles Blazer secretly pleaded guilty to racketeering and money laundering on Nov. 25, 2013, ending a long, strange career at the top echelons of football bureaucracy.

Global economy: OECD study shows long-term merits of structural reform and the pitfalls of...

The reversal of trade liberalization and a return to the average tariffs of 1990 would depress the world’s long-term living standards by about 14 percent worldwide and as much as 15 to 25 percent in the most affected countries.

June or September liftoff, does it really matter?

The threat of an imminent rate increase continues to loom over markets.
IMF growth forecast

Economy is ‘uncertain, uneven and underwhelming’

Craig Wright, chief economist at Royal Bank of Canada, admits he is slightly more optimistic than the consensus in his economic outlook. Yet he...

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.

Economist: Moderate US growth to impact Cayman

Moderate growth in the U.S. in the context of a wider global slowdown led by reduced consumer demand is going to impact Cayman, especially in the tourism sector, according to Lindsey Piegza, chief economist at Stifel Fixed Income.

US travel market bullish on Cuba

Pent-up demand in the United States for travel to Cuba is about to be unleashed.

From star performers to troubled markets

In the past four years the stock markets of developed countries outperformed those in emerging markets.

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.

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.

New kids on the block

Changes in climate in recent years mean that new wine regions are gradually emerging all over the world, in places we might never have imagined possible to produce wine just a few years ago 

Japan: New way of thinking acts as an additional share price driver

Shareholder value thinking is becoming acceptable for Japanese managers.

Golden visa programs the latest target of regulators

Citizenship by investment and residency by investment schemes are the latest targets of regulators and advocacy groups, as three reports by Transparency International, the OECD and the Green Party in the European Parliament all highlighted abuses of the programs in both Europe and the Caribbean.
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