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Michael Fahy bemoans attitudes that keep Bermuda clinging to the past while the prospects of Cayman Islands soar and soar

For too many years Bermudians have been fed with the narrative that we need to become more like the Cayman Islands, specifically with regard to work-permit and status issues. Realistically, it is hard to argue with things like budget surpluses and in...

Last week’s series on the Cayman Islands’ growth story sparked considerable debate among readers about how Bermuda can reinvigorate its own economy and raised some fundamental questions. Cayman and Bermuda have many similarities, as fellow British Ov...

In the final part of a five-day series on the Cayman Islands’ economic growth story, we feature the territory’s largest developer and investor. A publicity-shy billionaire whose family made their fortune from foam cups is the driving force behind the...

Bermuda and the Cayman Islands should work together to address external threats, says the head of the body representing Cayman’s financial-services industry. Jude Scott, chief executive officer of Cayman Finance, said as fellow offshore financial cen...

Despite the Cayman Islands’ booming economy, poverty remains a substantial problem. The Government’s Needs Assessment Unit gave financial support to 2,059 families in 2018, including rent money for 543 families and paying electric and water bills for...

In the fourth day of a five-part series on the Cayman Islands’ economic growth story, we hear concerns about some of the side-effects of rapid development and population increase. Unease is growing among Caymanians over the pace and scale of develop...

The average Caymanian is not having a better life as a result of an economic boom, an opposition lawmaker argues. Kenneth Bryan, at 39 the youngest Member of the Legislative Assembly, said increasing demand for goods and services was driving up livin...

Medical tourism is showing promise as an extra pillar for the Cayman Islands economy. At the heart of this relatively new industry is Health City Cayman Islands, which is owned and operated by Indian healthcare giant Narayana Health, and which opened...

In the third part of a five-day feature on the Cayman Islands’ growth story and what Bermuda can learn from it, we gauge views on the business environment in both territories. Bermuda can learn something from Cayman about creating an environment in ...

Tension over race and the presence of large numbers of expatriates is much less evident in Cayman than in Bermuda, according to a retired Bermudian insurance executive who ran a business there. Glen Gibbons was sent to Cayman in 2016 to take the post...

Cayman’s fast-growing economy is heavily reliant on foreign labour. More than half of the workforce is non-Caymanian, the territory’s Economics and Statistics Office reported in November. The largest group by nationality are Jamaicans, of whom 12,788...