Archive for September 9th, 2024
Cayman registers 30k funds for the first time
(CNS): Officials have claimed that the Cayman Islands continues to cement its place as a global leader in investment funds after the jurisdiction topped a record-breaking 30,000 funds. The Cayman Islands Monetary Authority (CIMA) said that as of 4 September, the total number of registered investment funds in Cayman was 30,038 (17,080 private funds and […]
Over half the workforce earns $4k or less a month
(CNS): Some 58% of workers in the Cayman Islands are earning $4,000 or less per month, which, given the cost of living here, means most people are struggling to make ends meet despite having full-time jobs. The figure comes from the ESO’s Occupational Wage Survey, which was published Friday and gives a snapshot of how […]
Panton $1.6M loan to Turner not connected to election
(CNS): A CI$1.64 million loan made by former premier Wayne Panton to Health Minister Sabrina Turner to enable her to buy a house was not connected to the horsetrading among MPs in the wake of the 2021 election, as the agreement was not made until April of last year. While concerns have been raised that […]
