Cayman News

  • CIG keeps Moody’s Aa3 rating on its bonds

    March 9, 2016
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    The finance minister credits government’s fiscal prudence for retaining the Cayman Islands’ solid credit rating and stable economic outlook after the international credit rating agency, Moody’s, maintained Cayman’s Aa3 rating for the government’s bonds issued in a foreign currency and an Aa2 rating for long-term foreign currency ceiling bonds and notes. Marco Archer said it was the government’s economic…

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  • Cayman operations boost Butterfield’s earnings

    March 4, 2016
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    The Chief Executive Officer of Butterfield, Michael Collins, said the bank was encouraged by improving economic conditions last year, which has resulted in a 6% increase in deposits, and a boost to core earnings of over $7.5 million, according to figures in the bank’s annual report.

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  • Cayman tops international shipping standards

    March 4, 2016
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    The International Chamber of Shipping has rated Cayman Registry as top of class for the fifth consecutive year in its 2015/2016 Annual Flag State Performance Table.

    Cayman Registry is one of 15 flag states that has received the distinction in this year’s performance table.

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  • Civil Aviation Authority of the Cayman Islands (CAACI) featured on Discovery Channel’s NewsWatchTV

    February 18, 2016
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    The Civil Aviation Authority of the Cayman Islands (CAACI) recently partnered with NewsWatch, a consumer focused television show that is a trusted source for breaking consumer, technology, travel, health, and entertainment news. The news show aired on the Discovery Channel on the 12th February 2016 at 7am EST and featured a segment on the Cayman Islands Aircraft Registry in…

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  • America Is Enabling Tax Evasion

    February 11, 2016
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    The combination of increasing inequality and anemic economic growth has thrown a political spotlight on tax havens. Research has shown that governments are losing at least $200 billion in potential tax dollars every year because of them. Politicians throughout the world are feeling pressure to address this perceived injustice.

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