Archive for June 27th, 2024
Bush wants 100% local ownership in range of businesses
(CNS): McKeeva Bush MP is filing a private member’s motion ahead of the anticipated parliamentary meeting on 5 July calling for a moratorium on Local Companies (Control) Licences (LCCLs), which are companies operating in the Cayman Islands that are not majority-owned by a local person. The motion seeks to limit the growing number of LCCLs […]
Private pensioners get access to more of their cash
(CNS): Residents living on private sector pensions can now access marginally more of their own money this year as the Department of Labour, in consultation with the National Pensions Board, approved an increase in the 2024 Retirement Savings Arrangements (RSA) disbursement figure from CI$14,125, the current maximum annual payout, to CI$15,000, effective 1 June.