Tag: Alden McLaughlin
Cayman says no to public access to ownership
(CNS Business): The Cayman government, along with other affected British territories, has refused to introduce a centralised beneficial ownership register with public access. Premier Alden McLaughlin said Monday that he and Financial Services Minister Wayne Panton, with the support of other territory leaders, stood firm last week in London when on the last day of […]
CIG anxious for Ironwood deal
(CNS Business): The Cayman Islands premier has said that he and the government are anxious to get a deal to facilitate the proposed Ironwood development in Frank Sound. But despite holding a press conference this week with the designers, developers, financiers, engineers and top professional golfer Arnold Palmer, it was revealed that government has still […]
Premier pats financial services minister on back
(CNS): The Cayman Islands premier was singing the praises of his long-time friend and Cabinet colleague last week when he singled out the financial services minister for a pat on the back over his handling of the latest slight over Cayman’s offshore sector. Alden McLaughlin said that Cayman had once again been forced to defend […]
CIG is helping economic growth, claims premier
(CNS): Economic activity is on the up, Premier Alden McLaughlin has said, and his government is helping things along. Marketing Cayman as a great place to do business was a key focus of the Progressive administration, he said at the Chamber of Commerce Legislative Lunch last week, as he revealed a number of new initiatives, […]
CEC pays for premier’s Vegas trip
(CNS Business): Cayman Enterprise City stumped up the cash to send Premier Alden McLaughlin to Las Vegas last month, hoping to win new business for Cayman at a three-day technology conference, officials said. The premier addressed an audience of more than 30 CEOs of technology brands, telling the positive story of the islands, and also […]
Premier praises CIMA director’s diplomacy
(CNS Business): In the Cayman Islands Legislative Assembly this week, Premier Alden McLaughlin recognised the diplomacy of the Managing Director of the Cayman Islands Monetary Authority (CIMA) following the islands’ inclusion on the UK Financial Conduct Authority’s ‘High Risk Countries’ list in July. Calling this action by the FCA “unwarranted†and “arbitraryâ€, he commended both […]
PPM announces electoral reform for 2017
(CNS Business): When voters in the Cayman Islands go to the polls in 2017 all of them will have just one vote, as the ruling Progressives party has now committed to ‘one man, one vote’Â in single member constituencies, as was promised in their 2013 election campaign. Currently voters in four of the six districts […]
Onerous customs coding to be simplified
(CNS Business): Responding to continued complaints about the time importers are spending at the customs department as a result of the new coding system, the government is not only drastically reducing the number of codes but for a small flat fee of $5 customs officers will now take care of the coding for them. At […]
Overseas territories jittery over register
(CNS Business): Cayman is not the only British overseas territory that has concerns about the UK government’s push for open access across all the territories regarding the beneficial owners of the companies, trusts, funds and other financial institutions that are registered offshore. UK Prime Minister David Cameron is planning an open register for Britain wants […]
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