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All three primary schools on Cayman Brac will re-open on Tuesday 6 January. Primary school teachers are asked to report to their respective schools on Monday for a pre-opening planning day. Cayman Brac High School and Little Cayman Education Services will re-open on Monday.

 

 

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Fund industry in spotlight

Posted on Sun, 01/04/2009 - 14:44 in

(CNS): Investing strategies for volatile markets the issue of failed hedge funds, credit default swaps the risks, responsibilities and liabilities of the independent director and a review of the global economic impact are just a few of the hot topics that will be touched on this coming Friday when those in the funds business get together for Cayman’s Second Annual International Funds Conference.

Insurers' losses US$45 billion

Posted on Sun, 01/04/2009 - 10:58 in

(Canadian Press): Insurers' losses from natural disasters rose by about 50 per cent in 2008 over 2007, with Caribbean hurricanes Ike and Gustav powering the increase and climate change increasingly a factor, a leading reinsurer said Monday. Munich Re AG said in an annual review that the industry's insured losses totalled US$45 billion this year, up from nearly $30 billion in 2007. Go to article

UK union attacks tax havens

Posted on Tue, 12/30/2008 - 09:39 in

(CNS): One of Britain's biggest unions has added its voice to the call to close down tax havens and give Britain back what is perceived as a loss of some GBP33billion a year. UNITE the body which represents public servants in the UK is calling on Gordon Brown to make his new year's resolution a commitment to close down the routes to offshore financial service centres.

Madoff scam reaches Cayman

Posted on Tue, 12/23/2008 - 01:32 in

(CNS): Though the Cayman Islands Monetary Authority (CIMA) said it has found no evidence so far that Bernard Madoff, the Wall Street investment manager who has admitted to a fraud scam totalling some $50 billion, was providing direct services to any Cayman Islands-regulated fund, the Authority said one Cayman fund administrator has confirmed that one of its regulated funds had significant investment in the Madoff funds.

Year of the smart phone

Posted on Mon, 12/29/2008 - 10:11 in

(BBC): The last 12 months has seen the launch of iconic devices such as the iPhone 3G, Google G1, Blackberry Storm and Nokia N97. It also saw the emergence of the electronic ecosystems needed to get the most out of such handsets. But all is not rosy in the smartphone garden. The popularity of these devices has brought to light several problems that look set to become acute in 2009. Go to article

Cayman fuels profits for DHL

Posted on Mon, 12/29/2008 - 09:23 in

(CNS): The international delivery and logistics company DHL Express has announced a 22 percent revenue growth in its fastest growing product, Import Express Worldwide -- a door-to-door service in the Caribbean. The highest activity for imports using the service was in the Cayman Islands, the Dominican Republic, Bermuda, Jamaica and French Territories in America, where the product registered a 22% average growth rate, the firm said.

Local legal text updated.

Posted on Sun, 12/21/2008 - 10:29 in

(CNS): Head of the Cayman Islands Law School’s  Professional Practice Course, Deborah Barker Roye has updated her popular textbook, Civil Litigation in the Cayman Islands. Originally written in 2004, it explains the process of civil litigation in Cayman, referencing it to local laws, procedure and case judgments. The book was reprinted in 2007, but Barker Roye has now written a fully indexed second edition with important local legal updates.

Tax law changes pave way for wider revelations

Posted on Sun, 12/21/2008 - 10:05 in

(CNS):  Amendments passed in the Legislative Assembly on Friday, 19 December, to the Tax Information Authority Law will allow the Cayman Island government to give more information relating to business conducted here in regards to tax matters in the countries of origin of those involved. The changes will enable Cayman to enter into bi-lateral tax agreements with other jurisdictions to reveal more information regarding accusations of tax avoidance.

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