AGP Executive Report
Last update: 11 hours agoEnergy: Premier André Ebanks says he still prefers 100% renewable power, but is considering LNG as a possible transition fuel amid delays to solar projects. Solar supplies just 3% of Cayman’s electricity, while fuel costs remain a major pressure on households and businesses. Financial Services: CIMA has introduced recovery-planning rules for banks and other deposit-taking institutions, requiring board-approved plans, stress testing and regular drills. The rules take effect in October 2027. Cayman also issued eight international insurer licences in the third quarter. Knowledge Economy: Cayman Enterprise City was named the Americas’ leading knowledge zone for 2026 by fDi Intelligence, as its special economic zone reached 500 businesses. Infrastructure: Owen Roberts International Airport plans a publicly funded apron expansion, adding three commercial aircraft stands, two private-jet parking pads and a taxiway. Construction is expected to start in 2027. Small Business: Twenty-eight exhibitors took part in the Cayman Islands Centre for Business Development’s annual expo, which also featured a youth pitch competition.
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