Archive for May 26th, 2023
Banks ‘disappoint’ in refusal to delay rate hike
(CNS): Premier Wayne Panton is disappointed that the local high street banks have refused to delay implementing the latest interest rate hike, even though there is no need for them to keep pace with the US Federal Reserve. Interest rates have increased in the Cayman Islands ten times in just over a year, adding to […]
Police ask for speed cameras to tackle crashes
(CNS): The worsening road safety situation has led to a call from the police for the installation of speed cameras, according to a summary of the latest National Security Council meeting. While Cayman already has a wide network of CCTVs on the roads and an electronic registration plate system, this technology is not yet used […]
Sea inundation inevitable now, officials warn
(CNS): Sea level rise in the Cayman Islands is already having a significant impact on low-lying and coastal properties, and it is going to get far worse over the next 25 years, officials have warned. As the Ministry of Sustainability and Climate Resiliency begins its public meetings on the draft Climate Change Policy, the most […]
CIMA warns of economic risk linked to climate
(CNS): Climate change is expected to increase risks within the financial system in many ways, the Cayman Islands Monetary Authority said in a report assessing the stability of the local economy and salient trends. Local institutions face acute and chronic climate-related risks potentially causing “dire economic consequences”, CIMA warned, as the regulator seeks ways to […]
Wanted gun suspect caught and released again
(CNS): Kadeem Andre Johnnaton Hurlston (29) has been arrested and charged with firearm-related offences after the police put out an alert last week asking the public for help to track him down. Hurlston was located on Wednesday, 23 May, and has since been charged with possession of an unlicensed, loaded firearm and inflicting GBH in […]
