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(CNS): A proposal to allow people to use their pensions to pay down mortgages or for a deposit to buy their first property is justified because of the poor performance of private pension funds that non-government workers are forced to pay into each month, Chris Saunders MP said in parliament last Friday. Despite some reservations,…
Financial Services Minister Andre Ebanks and Anti-Money Laundering Unit Director Francis Arana at the FATF plenary in Paris (file photo) (CNS): Minister André Ebanks departed for Europe this weekend, heading a local delegation in the battle to finally get the Cayman Islands removed from the FATF grey list at a meeting in Paris next week.…
McKeeva Bush in parliament (CNS): Government will continue to press local banks to reduce interest rates, and it has accepted a motion by McKeeva Bush MP (WBW) to look at creating a local interest rate-setting body and allow the government-funded Cayman Islands Development Bank to accept deposits. But the local retail banks have defended their…
The Ministry of PAHI Parliamentary Secretary Hon. Isaac Rankine, recently joined seven Caymanian families to celebrate the purchase of homes in the East End Hei
Premier Wayne Panton presiding over Finance Committee on Wednesday (CNS): Planning Minister Jay Ebanks pointed the finger at the Department of Environment on Wednesday, maintaining that environmental input was delaying planning applications, though he offered no evidence to support the accusation. That same day, several MPs once again indirectly railed against the National Conservation Law…