Tag: Marco Archer
CIG to cut proposed loan for bond pay-off
(CNS): The Cayman Islands Government has confirmed that it will meet the bond payment of US$312 million (approximately CI$261.3 million) that is due to be repaid on 24 November this year and may not need to borrow as much as previously anticipated to pay off that bond and still maintain its cash flow obligations. As […]
Public purse gets US$1M from stock exchange
(CNS): The Cayman Islands Stock Exchange has handed over a special dividend of US$1,000,000 to the public purse as a result of a profitable period over the last 18 months. CSX Chairman Anthony Travers said the government company had enjoyed a period of strong sustained growth, which was “encouraging and entirely attributable to the hard […]
Ex-minister presses case against blogger
(CNS): The former finance minister, Marco Archer, is pressing ahead with his legal case against the producer of the Cayman Marl Road online forum. Sandra Hill (nee Catron) told CNS yesterday that the law suit against her filed by the former Cabinet minister is continuing following a closed-door case management hearing yesterday. “I am disappointed that […]
PA law not followed in Archer’s appointment
(CNS): Deputy Governor Franz Manderson confirmed that the process set down in the new Public Authorities Law, which came into force on 1 June, was not followed by the Cayman Stock Exchange Board when it recruited its new CEO this year. Marco Archer, the former finance minister who lost his seat in the May General […]
Archer lands top job at CI Stock Exchange
(CNS): Questions about what Marco Archer would do after his unexpected defeat at the polls in May were answered Friday, when officials from the Cayman Islands Stock Exchange revealed that the former award-winning finance minister was taking over the post of chief executive officer at the exchange. Archer will take over from Valia Theodoraki, who […]
Blogger undeterred by ex-minister’s jail threat
(CNS): Sandra Hill (nee Catron), a well known local activist who recently created a blog called Cayman Marl Road, has said that she will “fight to the bitter end” in her battle with the former financial services minister in the courts, regardless of the jail threat hanging over her head. Marco Archer recently asked the […]
Custom X-ray building on time and on budget
(CNS) Finance Minister Marco Archer had the giant scissors out this week to snip the ribbon and officially open the new building constructed to house the Customs Department’s $2.36 million critical mobile X-ray scanning truck that has been exposed to the elements for several years. Twelve months after construction began, the new $1.3 million building was finished […]
A surplus on our backs?
101 writes: As the local political campaigns were heating up two weeks ago, GTC candidate Kenneth Bryan released a video via social media implying that while his competitor in George Town Central may be viewed as a good finance minister, he hasn’t actually done well by the people. Bryan used the incidences of mortgage foreclosures, […]
PPM on track for $48M surplus
(CNS): The political arm of government received a welcome boost yesterday after the pre-election economic and financial update published by the finance ministry revealed that the central government operating surplus is forecast to be $48.1 million by the end of this year, which is $1.5 million more than originally budgeted. Core government is expected to have […]
PPM plans to take work permits from immigration
(CNS): If re-elected to government next month, the new PPM administration will be taking work-permit decisions away from the immigration department and putting them in the hands of the employment ministry with a new human resources authority. Speaking at the Progressives’ George Town meeting on Saturday night, Premier Alden McLaughlin said that if re-elected, the […]
Civil service rolls out anti-corruption policy
(CNS): The government is rolling out a new policy to promote good governance, officials have said. Later this month the civil service management will begin training public sector workers and begin a wide public education campaign aimed at stamping out corruption, fraud and other wrongdoing by government employees and encouraging whistle-blowing. “We want to create […]
