Tag: Chamber of Commerce

Minister to face Qs from business community

Minister to face Qs from business community

| 13/05/2019 | 3 Comments

(CNS): The Chamber of Commerce is hosting a forum this month where members of the business community will be able to ask Finance Minister Roy McTaggart questions about government’s finances and the economic policies that his ministry is considering. The opportunity follows news from government that the public coffers are full after revenues were up […]

Continue Reading

Premier predicts further fall in unemployment

Premier predicts further fall in unemployment

| 26/02/2019 | 52 Comments

(CNS): Premier Alden McLaughlin has said that when the fall 2018 Labour Force Survey results are released by the Economics and Statistics Office, it will show that unemployment has dropped to its lowest rate in more than decade. He said the overall rate is expected to be just 2.9%, and among Caymanians it will have […]

Continue Reading

Premier dismisses FAC report on non-local rights

Premier dismisses FAC report on non-local rights

| 22/02/2019 | 98 Comments

(CNS): Premier Alden McLaughlin has made it clear that he does not consider the report from the UK’s Parliamentary Foreign Affairs Committee on the British Overseas Territories as very significant because it does not represent the current British government’s policies. But he said that if the UK implemented the recommendations of the cross-party committee report […]

Continue Reading

Disney on board with cruise project

Disney on board with cruise project

| 21/02/2019 | 57 Comments

(CNS): Disney is now the third cruise line to agree to invest in the Cayman Islands Government’s proposed cruise berthing facility in George Town, Premier Alden McLaughlin said Thursday. No details were revealed about the specifics but the Unity government leader told an audience of business leaders that his government was still fully committed to […]

Continue Reading

WORC begins talks with business groups

WORC begins talks with business groups

| 24/07/2018 | 51 Comments

(CNS): The new unit tasked with solving the persistent problems of Caymanian unemployment, underemployment and stalled career progression has begun meeting with local business associations about its development. Last week representatives of the Workforce Opportunities and Residency Cayman (WORC) met with industry stakeholders, whose members will be critical to the new agency’s success. Interim Director Sharon […]

Continue Reading

Unemployment persists despite economic growth

Unemployment persists despite economic growth

| 28/05/2018 | 102 Comments

(CNS): The finance minister painted a rosy picture of Cayman’s economic growth and government’s fiscal prudence when he appeared at an economic forum Friday. Roy McTaggart pointed to growth in the economy of 2.9% in 2017, with the construction and tourism sectors leading the way, but Minister Roy McTaggart also revealed that Cayman’s unemployment rate […]

Continue Reading

State of economy subject of new forum

State of economy subject of new forum

| 09/05/2018 | 2 Comments

(CNS): The Cayman Islands Chamber of Commerce will be hosting a local economic forum later this month, with a view to updating the community on the state of Cayman’s economic growth, its key industries and the government finances, including positive developments, challenges and an outlook for the medium term. Finance Minister Roy McTaggart will deliver […]

Continue Reading

Cayman Finance remains calm, Chamber outraged

Cayman Finance remains calm, Chamber outraged

| 02/05/2018 | 28 Comments

(CNS): Jude Scott, the CEO of Cayman Finance, has responded relatively calmly to the vote in the UK parliament yesterday, which will see the British government impose a public beneficial owners register on the Cayman Islands, as he pointed to the two-year process, during which time the dialogue with the UK would continue. Meanwhile, Chamber […]

Continue Reading

Rivers calls for greater effort on perception problem

Rivers calls for greater effort on perception problem

| 23/04/2018 | 29 Comments

(CNS): The financial services minister has called on the sector to work with government to do more to address the perception problem that surrounds the industry overseas. Tara Rivers said that historically not enough was done to correct myths and misconceptions which have been allowed to fester because of those failings. Speaking at a Chamber […]

Continue Reading

Chamber to lobby for construction industry

Chamber to lobby for construction industry

| 19/04/2018 | 20 Comments

(CNS): The construction sector is complaining that the cost of doing business and bureaucracy are constraining the ability to grow, even though the industry is currently enjoy a period of expansion. Thirty construction and development firms took part in a recent round table at the Chamber of Commerce and officials there said they will now take […]

Continue Reading

Chamber president calls for action on crime

Chamber president calls for action on crime

| 07/03/2018 | 24 Comments

(CNS): The Chamber of Commerce wants to lead policy discussions on crime with the government to find some solutions to what many see as a growing threat to the economy. The business organisation, which sees crime as a major threat to the bottom line of local businesses, said it was something the country had failed to […]

Continue Reading