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Tag: Marco Archer

Customs opens red-green channels at airport

Customs opens red-green channels at airport

| 25/11/2016 | 49 Comments
(CNS): The Customs Department has begun operating a new clearance system in the arrival hall at Owen Roberts International Airport (ORIA). Collector of Customs Charles Clifford said the simplified process, recommended by the World Customs Organisation and commonly known as the ‘red/green syste [...]

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Archer targets revenue reporting

Archer targets revenue reporting

| 25/11/2016 | 21 Comments
(CNS): The finance minister has said that government’s inability to confirm that the revenue collected into the public purse is everything it is owed and recorded in its financial statements is a major challenge that he plans to tackle. Marco Archer told civil servants at a conference Thursday tha [...]

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Archer targets red tape and debt

Archer targets red tape and debt

| 11/11/2016 | 24 Comments
(CNS): The finance minister is hoping discussions he had with UK officials during the government’s trip to London last week will help him pay down more of the public debt and reduce bureaucracy on capital projects. Marco Archer told a small branch meeting of the PPM Wednesday that there were some [...]

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Cayman presses UK officials for changes to FFR

Cayman presses UK officials for changes to FFR

| 02/11/2016 | 20 Comments
(CNS): Cayman’s finance and economic development minister has been pressing UK officials to make changes to the Framework for Fiscal Responsibility, which is now part of the Public Management and Finance Law. Marco Archer, along with Financial Secretary Kenneth Jefferson and Premier Alden McLa [...]

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Premier & Co head to London for post-Brexit JMC

Premier & Co head to London for post-Brexit JMC

| 28/10/2016 | 21 Comments
(CNS): The future of Great Britain and its dependent territories in a post-Brexit landscape will be high on the agenda next week when the UK meets with the leaders of its remaining colonies in London. Cayman Islands Premier Alden McLaughlin is travelling to the British capital today with a substanti [...]

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MLAs back bill to tighten public procurement

MLAs back bill to tighten public procurement

| 17/10/2016 | 14 Comments
(CNS): A bill designed to remove political interference, create transparency, improve efficiency, get better value for money and generally tighten up the entire process around government procurement was backed by the parliament Monday, with no opposition, following its second reading. Government hop [...]

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Cayman overcomes fears of official surveys

Cayman overcomes fears of official surveys

| 17/10/2016 | 6 Comments
(CNS): Once reluctant to reveal information to government officials for statistical surveys, the public in Cayman has become much more willing to respond to important socio-economic surveys, and is also embracing the resulting statistics in a variety of ways. Finance Minister Marco Archer, who has [...]

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Archer bags award for hitting financial targets

Archer bags award for hitting financial targets

| 11/10/2016 | 35 Comments
(CNS): Cayman’s minister of finance, Marco Archer, has been lauded by an international news organisation after bagging the Caribbean Finance Minister of the Year award. Speaking in the Legislative Assembly on Monday, Premier Alden McLaughlin congratulated the man he called the “financial sheriff [...]

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Cayman brings in over 7% more stuff

Cayman brings in over 7% more stuff

| 26/09/2016 | 14 Comments
(CNS): Government has attributed an increase in imports as another good sign that its economic policies are working. According to the Quarterly Trade Statistics Bulletin for April to June this year, CI$194.7 million worth of good were imported from abroad, an increase on the same time in 2015 of 7.1 [...]

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Government claims cost of living is falling

Government claims cost of living is falling

| 23/09/2016 | 77 Comments
(CNS): With electricity, gas and fuel still falling in price, inflation in Cayman continues to decline, according to the Economics and Statistics Office. Finance Minister Marco Archer says that this means Caymanians now have more spending power. In the latest Consumer Price Index report, which measu [...]

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Jobless total falls to new low of 3.9%

Jobless total falls to new low of 3.9%

| 22/09/2016 | 50 Comments
(CNS): A new Labour Force Survey has found that the total number of people out of work in the Cayman Islands this spring had fallen to 3.9%, the lowest jobless figure since 2007. The latest report from the Economics and Statistics Office indicates that the rate of unemployment among locals has also [...]

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