Tag: Marco Archer

Increase in imports signals economic recovery

Increase in imports signals economic recovery

| 11/07/2016 | 0 Comments

(CNS Business): Finance and Economic Development Minister Marco Archer has said that the near 12% increase in imported goods at the beginning of this year compared to the previous year was a sign of the economic recovery in the Cayman Islands. According to figures released by the Economics and [...]

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Cayman’s fuel issue skews inflation rate

Cayman’s fuel issue skews inflation rate

| 21/05/2016 | 0 Comments

(CNS Business): The Consumer Price Index (CPI) in Cayman fell by 2.8% during the first quarter of 2016 compared to the same time last year. The apparent deflation in the domestic economy is not necessarily a sign of an impending recession but as a result of a fall in oil prices and a reflection o [...]

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Import values drop due to oil prices

Import values drop due to oil prices

| 20/05/2016 | 2 Comments

(CNS Business): Demand for imports into the Cayman Islands grew by around 7% in 2015 but the value decline by 6.3% compared to last year because of the fall in oil prices. Figures from the Economics and Statistics Office (ESO) revealed in its Foreign Trade Statistics Report that the total value [...]

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CIG keeps Moody’s Aa3 rating on its bonds

CIG keeps Moody’s Aa3 rating on its bonds

| 04/03/2016 | 4 Comments

(CNS Business): The finance minister credits government’s fiscal prudence for retaining the Cayman Islands’ solid credit rating and stable economic outlook after the international credit rating agency, Moody’s, maintained Cayman’s Aa3 rating for the government’s bonds issued in a f [...]

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Oil price decline cuts import figures

Oil price decline cuts import figures

| 19/10/2015 | 0 Comments

(CNS): The value of imports into the Cayman Islands fell again in the second quarter of this year, recently released government statistics have revealed. The total value of all goods brought in CI$182.9 million, 9% lower than the value of goods this time last year, which had reached well over $2 [...]

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Cayman to beat regional economic slowdown

Cayman to beat regional economic slowdown

| 06/08/2015 | 0 Comments

(CNS Business): The Cayman Islands is set to weather a regional economic slowdown, local officials have said, that will see the domestic economy grow by more than 2% while states across the region could see less than a half percent growth in their economies. The UN Economic Commission for Latin A [...]

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GDP jumps over 2% as inflation falls 0.4%

GDP jumps over 2% as inflation falls 0.4%

| 17/07/2015 | 0 Comments

(CNS) The drop in fuel prices saw inflation fall in Cayman last year and the biggest upturn in the economy since 2007 led to a growth in the country’s estimated Gross Domestic Product (GDP) by 2.1 per cent in 2014. Although the quantity of imports rose in 2014, the value fell by more than $26 m [...]

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Number crunchers begin workforce survey

Number crunchers begin workforce survey

| 23/04/2015 | 0 Comments

(CNS): With a goal to create a more accurate and timely picture of the country’s workforce, the Economics and Statistics Office (ESO) will begin the first Labour Force Survey (LFS) of the year on Sunday. Following announcements by the finance minister that the ESO will revert to its twice ye [...]

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Onerous customs coding to be simplified

Onerous customs coding to be simplified

| 08/08/2014 | 2 Comments

(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 th [...]

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