Tag: Chris Saunders

CIG sees $180M surplus due to record revenues

CIG sees $180M surplus due to record revenues

| 27/06/2022 | 80 Comments

(CNS): The outlook for the public finances “remains sunny”, Finance Minister Chris Saunders said Friday as he released the Cayman Islands Government’s unaudited financial results for the first five months of the year. Saunders revealed record-breaking revenues for the public purse and a surplus that is more than $30 million above what had been forecast, […]

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MPs vote CI$8M more for healthcare bills

MPs vote CI$8M more for healthcare bills

| 21/06/2022 | 40 Comments

(CNS): Finance Committee has voted another CI$8 million to cover healthcare costs for Caymanians who are uninsured or under-insured and have been treated outside the Health Services Authority facilities. When the committee met at the end of the last session of Parliament to deal with supplementary spending, health ministry civil servants told MPs that healthcare […]

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CIG buys bonds with loan to manage interest rates

CIG buys bonds with loan to manage interest rates

| 16/06/2022 | 69 Comments

(CNS): Finance Minister Chris Saunders has announced a decision by the Cayman Islands Government to draw out all of the remaining loan secured by the previous administration to invest in US bonds to manage the CIG’s borrowing for capital projects over the life of this budget. Saunders said that with the 3.25% fixed interest rate […]

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ACC probe underway into NHDT topsoil scandal

ACC probe underway into NHDT topsoil scandal

| 09/06/2022 | 76 Comments

(CNS): Deputy Governor Franz Manderson told Opposition Leader Roy McTaggart that he could not give him any information about the allegations that topsoil and fill taken from the National Housing Development Trust site in North Side were misappropriated because the issue was under investigation by the Anti-Corruption Commission. In Parliament on Thursday, Manderson also revealed […]

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Angry Beach Bay residents rail against developers

Angry Beach Bay residents rail against developers

| 09/06/2022 | 135 Comments

(CNS): Residents in the Beach Bay area expressed their anger and frustration over a proposed major resort development in their quiet residential community when they came face to face with a representative for the overseas developers at a meeting Tuesday evening. The ever-changing hotel project by SJP Development first received planning permission in 2017 but […]

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Visitors returning but challenges still ahead

Visitors returning but challenges still ahead

| 08/06/2022 | 78 Comments

(CNS): The Cayman Islands’ tourism sector is beginning to recover in the wake of the COVID-19 pandemic, with stay-over visitor arrivals in April reaching over 25,000, which is around 55% of 2019 numbers. But the signs of recovery are still beset with challenges, from airlift to the cost of living, according to both industry and […]

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Cubans awaiting claims accused of working illegally

Cubans awaiting claims accused of working illegally

| 31/05/2022 | 22 Comments

(CNS): The Ministry of Border Control and Labour is warning employers not to hire “irregular migrants” because it is against the law. According to a joint press release issued Tuesday by the ministry and Workforce Opportunities and Residency Cayman (WORC), there have been allegations that some of the Cuban migrants in Cayman who are living […]

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CIG rakes in near $447 million in just the first quarter

CIG rakes in near $447 million in just the first quarter

| 12/05/2022 | 168 Comments

(CNS): The Cayman Islands Government earned a record $446,906,000 in the first three months of this year, the most it has ever collected, surpassing budget predictions and resulting in a whopping first-quarter surplus of almost $221 million. CIG collected over $73M more at the start of 2022 than in pre-pandemic 2019. As well as the […]

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Data exposé uncovers tourism stipend fraud

Data exposé uncovers tourism stipend fraud

| 25/04/2022 | 156 Comments

(CNS): An embarrassing error for the Ministry of Labour last month, when around 3,000 names and email addresses of tourism stipend recipients were accidentally made public by staff at the ministry for border control, exposed a number of fraudulent claims, Labour Minister Chris Saunders has said. The data breach will lead to several people being […]

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Deputy premier among 900 people with COVID-19

Deputy premier among 900 people with COVID-19

| 25/04/2022 | 34 Comments

(CNS): Many workplaces were missing employees again when the work-week started Monday, including Deputy Premier Chris Saunders. Public Health officials confirmed that almost 900 people are currently isolating as a result of the continued and steady increase in the numbers infected by the virus. The seven-day rolling average has increased to 68, and 186 new […]

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CINICO to offer insurance to all in major expansion

CINICO to offer insurance to all in major expansion

| 13/04/2022 | 52 Comments

(CNS): The government-owned insurance company, CINICO, is being expanded to provide affordable health insurance for more people outside of the public sector, including the elderly and those with pre-existing conditions. Finance Minister Chris Saunders also said CINICO will be refunded to allow it to provide auto and home insurance for government workers. The main aim […]

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