Cayman Passes Changes to Companies Law

By: - April 14th, 2011

Caymanian legislators passed three laws yesterday aimed at bringing financial services in the Cayman Islands in line with international standards. The three laws were the Companies (Amendemnt) Bill 2011 and two companion bills — the Securities (Amendment) Bill and the Property (Miscellaneous Provisions) (Amendment) Bill. “This is the first round of critical changes to the Companies Law that are needed to improve the competitiveness of our jurisdiction and address difficulties with the present law,” Premier McKeeva Bush said.

Cayman Islands

Barbados Chamber of Commerce Signs Agreement with Prince Edward Island

Andy Armstrong, president of the Barbados Chamber of Commerce Following the Bahamas’ lead in looking to Canada for investment opportunity, the Barbados Chamber of Commerce and Industry signed a Memorandum of Understanding yesterday with the Chamber of Commerce of the Greater Charlottetown Area, which is in the Canadian province of Prince Edward Island. “What we […]

Cayman Islands

International Monetary Fund: Caribbean Real GDP to Grow 4.2 percent in 2011

The Caribbean region’s real GDP is projected to grow at 4.2 percent this year, following a 3.4 percent increase in 2010, according to the International Monetary Fund’s World Economic Outlook. The organization predicted a 7.2 percent in consumer prices for this year, along with a 4 percent drop in the region’s current account balance. Last […]

Cayman Islands

Jamaican Government Temporarily Cuts Fuel Taxes, Staves Off Protest

Minister of Finance and Public Service Audley Shaw The Jamaican Government temporarily reduced the ad valorem tax on petrol from 15 percent to 10 percent yesterday, with the cut set to take effect Thursday. The move came after threats of protests by the opposition People’s National Party if the government did not cap the taxon […]

REDjet to Start Flights Next Month

 New Caribbean airline REDjet is set to take off next month, with tickets going on sale Wednesday, the company announced in a statement. According to Redjet, the first flights will begin May 8, featuring frequent trips to Barbados, Guyana, Jamaica and Trinidad. The company was founded in 2006 by Ian Burns, who was amazed at […]

Jamaica to Tap Chinese Coffee Market

 The Jamaican Government is moving to broaden the market of Jamaica’s high-end Blue Mountain Coffee, as the first 16,500 kilogram shipment of Jamaican green bean coffee was sent off on its way to Hangzhou, China. Last year, the Hangzhou Coffee and Western Foods Association signed a memorandum of understanding with Jamaica’s Ministry of Agriculture and […]

Bahamas Completes BTC Sale

 New Caribbean airline REDjet is set to take off next month, with tickets going on sale Wednesday, the company announced in a statement. According to Redjet, the first flights will begin May 8, featuring frequent trips to Barbados, Guyana, Jamaica and Trinidad. The company was founded in 2006 by Ian Burns, who was amazed at […]

Garfield Barnwell: Region Needs to Improve Green Development

 Solar panels in Andros, Bahamas By the Caribbean Journal Staff Greater levels of investment are vital if the Caribbean is serious about sustainable development, CARICOM Director of Sustainable Development Garfield Barnwell said last week in Suriname at the opening of a regional workshop on Multilateral Environment Agreements. Barnwell said the region needed to integrate environmental […]