Tag: André Ebanks
Ebanks: Cayman ready to embrace future tech economy
(CNS): Cayman needs to build on its existing blue-chip financial services product and embrace the future of digital industries, according to Financial Services Minister André Ebanks. Speaking at the Chamber of Commerce Parliamentary Lunch on Thursday, he said the Cayman Islands is ready to take a chance and layer on top of its world-class regulatory […]
Local bars get raw deal in Sunday music law
(CNS): Former premier Alden McLaughlin (RED) has urged government to amend the Music and Dance Law to level the playing field for local bars because, unlike restaurants and bars in hotels, they are not permitted to play any music on Sundays. Speaking in Parliament last week, McLaughlin said many stand-alone bars that are Caymanian-owned are […]
Gov’t whips through work in first Parliament of year
(CNS): The government whipped through its business Wednesday, as Parliament met for only the third meeting of the 2021-2022 session and the first time members have attended the House this year. Dealing largely with amendment bills to address problems with some laws and additions to others, the most notable change was to the new Parliament […]
Minister tackles misperception of Cayman in UK & EU
(CNS): Financial Services and Commerce Minister André Ebanks headed a delegation to London and Brussels recently spreading the message about Cayman’s role in anti-money laundering, Russia sanctions, international tax cooperation, sustainable finance, transparency and good governance. Despite continued efforts over the years around the world, the image of Cayman as a tax haven has been […]
CO moves ministries against backdrop of controversy
(CNS): Chief Officer Eric Bush is moving from the Ministry of Investment, Innovation and Social Development (IISD) to the Ministry of Planning, Agriculture, Housing and Infrastructure (PAHI). Bush has been in the spotlight recently over controversies relating to his role in the previous government’s plans to open offices overseas and Cayman’s participation in the Dubai […]
Sunrise Centre to offer more places at new GT location
(CNS): The Sunrise Adult Training Centre has been relocated to Eden House in George Town as an interim move ahead of plans to build a new bespoke facility. At the official opening on Wednesday evening, Social Development Minister André Ebanks said that the central location would enable the facility to offer places to more clients […]
CIG presses on with scaled-down costly Dubai Expo
(CNS): Government has continued with a scaled-back involvement in the Dubai Expo 2020, which the auditor general found had cost the Cayman Islands around $2.5 million, most of which was not approved via the proper channels. The exhibition started in October last year and will last until the end of March but Cayman only began […]
Ministry gives charity $1.5M to repair damaged homes
(CNS): Money that was allocated in the 2020/21 budget to repair the homes of those most in need but was not spent has been given to a local charity that is already funding and undertaking numerous projects for Caymanians in need. The social development ministry has given $1.5 million to the R3 Cayman Foundation as […]
More challenges ahead for offshore sector in EU
(CNS): The financial services industry in the Cayman Islands is bracing itself for another rocky year, as this jurisdiction could be included on the European Union’s list of high-risk third countries for money laundering that pose significant threats to the financial system of the Union.
Four charities receive $642K in public grants
(CNS): On 23 December the Ministry of Social Development gave CI$642,379 to four charities in extraordinary grants to help with specific projects. The one-off payments were given to the four non-profits for needs and projects that fall outside the scope of existing funding or agreements they have with government. The Cayman Islands Crisis Centre was […]
1,050 people in need get extra Christmas payment
(CNS): The Ministry of Investment, Innovation and Social Development confirmed Monday that all recipients of Permanent Financial Assistance will receive an additional $150 with their standard financial assistance distribution for this month, which will be included with the Needs Assessment Unit’s December 2021 distribution.
