News from Cayman:
March 6, 2015
GEORGE TOWN, Cayman Islands -- Working in partnership with the government of the Cayman Islands, Carnival Cruise Line has pledged a contribution of $100,000 to the Cayman Islands National Trust to support the ongoing George Town Reef Restoration Effort.
March 3, 2015
GEORGE TOWN, Cayman Islands -- The Caribbean's newest healthcare facility is venturing into a new partnership to strengthen its identity as the region's premier destination for world-class healthcare and medical tourism. Shomari Scott, marketing director of Health City Cayman Islands...
February 27, 2015
GEORGE TOWN, Cayman Islands -- A British Virgin Islands (BVI) delegation recently traveled to the Cayman Islands to gather first-hand knowledge about local laws and procedures that address refugees and the processing of asylum requests. Deputy Secretary (Atg) in the BVI Premier’s Office...
February 26, 2015
GEORGE TOWN, Cayman Islands (CNS) -- A local attorney said that there are too many unanswered questions in relation to the legal authorities in the Cayman Islands that are of significant public concern. With a number of freedom of information requests eliciting very little information...
February 19, 2015
GEORGE TOWN, Cayman Islands -- Cayman Islands-based Caledonian Bank has filed for bankruptcy protection in the US Bankruptcy Court of the Southern District of New York in order to prevent a feared run on the bank’s liquid assets. Caledonian depositors reportedly tried to withdraw US$68 million.
February 17, 2015
GEORGE TOWN, Cayman Islands -- The decision by the Cayman Islands Monetary Authority (CIMA) to place Cayman Islands-based Caledonian Bank and its brokerage arm into controllership last week was prompted in part by the doubtful solvency of the bank and evidence of attempts...
February 14, 2015
Imagine this. You are the premier of the Cayman Islands or the British Virgin Islands. You have been trying your hardest to continue to develop your nation’s economy. With British support and encouragement over a long period, the nation’s financial services and tourism sectors have flourished.
February 13, 2015
GEORGE TOWN, Cayman Islands -- The Cayman Islands Monetary Authority (CIMA) has placed Cayman Islands-based Caledonian Bank and its brokerage arm into controllership just days after the US Securities and Exchange Commission (SEC) filed a lawsuit against the bank and four other companies.
February 13, 2015
GEORGE TOWN, Cayman Islands -- The Cayman Islands government said it has not received a letter from Britain’s leader of the opposition Ed Miliband regarding the Labour Party’s intention, if it wins the UK election in May, to force the Overseas Territories and Crown Dependencies to implement...
February 12, 2015
WASHINGTON, USA -- The International Consortium of Investigative Journalists released a report this week revealing billions of dollars held in nearly 60,000 internal Swiss bank documents from 2006 to 2007 leaked by whistleblower Hervé Falciani, a former employee of HSBC in Switzerland.
February 11, 2015
LONDON, England -- The chairman of the Cayman Islands Stock Exchange, local attorney at law Anthony Travers, has accused UK Labour Party leader Ed Miliband of being hopelessly out of touch in relation to international tax avoidance. Travers’ comments follow a letter from Miliband to...
February 11, 2015
GEORGE TOWN, Cayman Islands -- There has been an overall decrease in the number of chikungunya cases reported in the region. As of 2 February 2015, 21,724 confirmed/probable cases of chikungunya have been reported by all CARPHA member states and 11 other Caribbean countries.
February 10, 2015
NEW YORK, USA -- The US Securities and Exchange Commission (SEC) on Friday sued Cayman Islands-based Caledonian Bank and four other companies that allegedly took more than $75 million from unregistered sales of "virtually worthless" penny stocks.
February 10, 2015
GEORGE TOWN, Cayman Islands -- A United States Air Force veteran is extremely grateful following life-saving emergency cardiac care delivered by Caribbean hospital Health City Cayman Islands. Rod Linkous, a resident of Seattle, Washington, was on a cruise, celebrating his 80th birthday.
February 9, 2015
LONDON, England -- A Labour government would push for UK overseas territories to be put on an international blacklist if they refuse to co-operate with a drive against tax avoidance, Labour Party leader Ed Miliband has told them ahead of general elections in Britain in May.
February 3, 2015
MIAMI, USA -- Four more Florida hospitals last month joined two Miami area hospitals in filing complaints in US federal court over millions of dollars in unpaid medical bills against the Cayman Islands National Insurance Company (CINICO), a government-owned company formed to provide...
February 2, 2015
GEORGE TOWN, Cayman Islands -- The Cayman Islands Insurance (Portfolio Insurance Companies) (PIC) Regulations 2015 were passed on 16 January 2015, along with related sections of The Insurance (Amendment) Law 2013. These regulations enhance the insurance statutory framework.
January 31, 2015
FORT WORTH, USA -- Pending regulatory approval, American Airlines will add six new routes throughout Mexico, the Caribbean and Latin America, further strengthening its position in these key markets. New service to Barranquilla, Colombia (BAQ), will add a new destination to the airline's...
January 27, 2015
GEORGE TOWN, Cayman Islands -- Consistency in delivering excellence and a commitment to providing Caymankind experiences has once again earned the Cayman Islands a record breaking year of visitation. In what was notably the best year in over a decade, the country welcomed over 380,000...
January 26, 2015
EAST END, Cayman Islands -- A Cuban boat with 29 persons aboard that included five women, which arrived at an East End dive resort on Grand Cayman on Saturday morning, was directed to move on by Cayman Islands immigration and police officials. The vessel departed at 9:00 am.
January 24, 2015
KINGSTON, Jamaica -- The UWI Open Campus of the University of the West Indies (UWI) has announced the appointment of Dr Phyllis Fleming-Banks to oversee the operations of its Open Campus country sites in the British Overseas Territories (BOTs). The sites include Anguilla, British Virgin Islands...
January 17, 2015
GEORGE TOWN, Cayman Islands -- Governor Helen Kilpatrick has announced the appointment of the Electoral Boundaries Commission 2015, which will make recommendations for the division of the Cayman Islands into single-member electoral districts. In accordance with sections 88 and 89 of...
January 8, 2015
GEORGE TOWN, Cayman Islands -- Two new judges with regional legal and judicial backgrounds were sworn in as judges in the Cayman Islands on Monday. They begin hearing matters in Grand Court on Thursday. Justice Ingrid Mangatal joins the Cayman judiciary from Jamaica.
January 6, 2015
GEORGE TOWN, Cayman Islands -- Cayman Finance CEO Jude Scott has welcomed the recent statement from the Cayman Islands government (CIG) regarding the beneficial ownership changes being insisted upon by the UK. "Cayman Finance supports the government's statement and its position that...
December 27, 2014
GEORGE TOWN, Cayman Islands (GIS) -- Public health officials in the Cayman Islands received two positive test results for chikungunya from the Caribbean Public Health Agency (CARPHA) over the period 9-20 December 2014. A further seven results were negative and one was inconclusive.
December 19, 2014
NEW YORK, USA -- Elite Traveler Magazine has just reported the top ten destinations to enjoy the benefits of private jet charter flights during last year's peak winter season, which resulted in revenues of $867 million from 12,566 flights. Nassau in The Bahamas, St Maarten and Turks and Caicos...
December 11, 2014
BELLEVUE, USA -- Travel to the Caribbean has long been focused on the US traveler, but new data from the Expedia group, one of the world's largest online travel companies, revealed that intra-Caribbean travel is on the rise, with a 50 percent bump in demand in the first three quarters of 2014.