Archive for April 4th, 2025
UPM leaves next government a CI$26.2m deficit
(CNS): The departing UPM administration is leaving behind a public finance crisis for the next government with a significant, forecast deficit after an increase in core operational spending and a fall in expected revenue for 2025 and 2026. The minority government managed to turn around what should have been a surplus of almost CI$55million this […]
New rules rolled out to regulate crypto assets
(CNS): Phase 2 of the new regulatory framework for virtual asset services such as crypto-currencies in the Cayman Islands came into effect this week with the implementation of several new pieces of legislation. These important technical amendments and new rules are being phased in to give impacted stakeholders time to become compliant with the prudential […]
Cayman braces for impact of Trump’s tariff war
(CNS): The Cayman Islands hasn’t escaped the shots fired by the United States this week in President Donald Trump’s tariff war. Despite having a huge trade deficit in favour of the US, Cayman and a number of small islands, including some in the Antarctic with large populations of penguins but no people, have become targets […]
Critical cruise info still missing 26 days from vote
(CNS): Less than four weeks before Cayman voters will be asked to say ‘yes’ or ‘no’ to the construction of cruise berthing facilities somewhere in Grand Cayman, campaigners advocating for a ‘no’ vote in the referendum say the people still don’t have access to important information. With no specific plan on the table, voters are […]
