Archive for March 14th, 2024
Redacted report reveals little to justify subsea cable
(CNS): The Cayman Islands Government has released a heavily redacted outline business case, compiled by consultants Grant Thornton, on the government’s plans for a new telecommunications submarine cable. Key details have all been omitted, such as costs (estimated to be in the tens of millions of dollars), its length and where it will be linked […]
Cayman’s GDP grew by 3.6% in the first half of 2023
(CNS): According to the Cayman Islands Semi-Annual Economic Report 2023 by the Economics and Statistics Office, the gross domestic product grew by an estimated 3.6% in the first half of last year. However, with inflation running at around 5.3% during the same six-month period, few people benefitted from the expanding economy. The weighted average lending […]
Inflation begins to slow but averaged 3.8% in 2023
(CNS): The cost of living rose by an average of 3.8% last year compared with 2022, the Economics and Statistics Office confirmed after releasing its Consumer Price Index Report for 2023 this week. While inflation slowed last year, particularly during the last quarter, the rise in the CPI followed the 9.5% average increase during the […]
Bryan tries on deputy premier ‘hat’ for one week
(CNS): Tourism Minister Kenneth Bryan has been appointed to act as deputy premier for seven days, from Wednesday, 13 March, as part of “an effort to foster leadership development and provide valuable experience to members of the Cabinet”, Premier Juliana O’Connor-Connolly said in a government press release. This temporary appointment will give Bryan a chance […]
