Economy
Work begins on latest Labour Force Survey
(CNS): The general public is being urged to cooperate with trained interviewers from the Economics and Statistics Office who began work Sunday on the Spring Labour Force Survey (LFS). Around 1,500 randomly selected households are scheduled for participation in the electronic questionnaire that col [...]
ESO gets to work on annual business statistics
(CNS): Businesses are being asked to complete survey forms over the next few weeks as the Economics and Statistics Office begins its annual work measuring the economic performance of industries in Cayman for 2017. Forms were hand-delivered, mailed and emailed to businesses that produce goods and ser [...]
Cayman economy grew more than expected
(CNS): The Cayman Islands gross domestic product (GDP) is estimated to have grown by 2.4% in the first nine months of 2017, an increase of 0.3% on the projected forecast. Officials from the Economics and Statistics Office showed economic activity was up across most sectors last year but it also l [...]
Concessions renewed for builders and developers
(CNS Business): The government will be continuing the flat 15% import duty rate on building materials imported to Grand Cayman for another year, officials have confirmed. The duty cut has been running for several years and Finance Minister Roy McTaggart claimed the concession was working and helping [...]
Cayman poised to draw line on global cooperation
(CNS): Premier Alden McLaughlin has said the Paradise Papers leak was designed to influence the consideration of the latest European blacklist and if Cayman is on it next month, it could mark the end of cooperation. Speaking to members of the Legislative Assembly, he suggested that the Cayman Island [...]
Budget depends on accurate forecasts
(CNS): Following the passage of the government’s first two-year budget in the Legislative Assembly last week the administration can now get down to spending the cash and implementing its policies. But the more than $1.45 billion revenue government expects to fund the expenditure, pay down debt [...]
Domestic workers will be included in survey
(CNS): The Economics and Statistics Office will begin visiting sample homes across Cayman where domestic workers are employed as part of the 2017 Occupational Wage Survey (OWS). The ESO has already started surveying businesses and government departments, but beginning today, Thursday 16 November, t [...]
ESO to start autumn labour count
(CNS): In order to maintain a high level of accurate data on the local workforce in the Cayman Islands, the Economics and Statistics Office (ESO) will begin the 2017 autumn Labour Force Survey on Sunday. Trained interviewers from the office will visit 1,500 randomly selected sample households in the [...]
CIG stats predict rising cost of living
(CNS): The economic forecast the government presented in its recent strategic policy statement offers a stable picture for growth in the local economy and a fall in unemployment. But the inflation indicators warn that ordinary people could be in for a tougher time. If wages don’t go up over the ne [...]
CIG targets $1/4 billion surplus over term
(CNS): Government is expecting to generate operating surpluses during this current administration that will exceed a quarter of a billion dollars. The new finance minister, Roy McTaggart, who moved from the backbenches to fill the shoes of his former colleague, Marco Archer, told the Legislative As [...]
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