AGP Executive Report
Last update: an hour agoEconomic Growth: Cayman’s economy expanded 2.4% in Q1 2026, led by a 10.2% rise in hotels and restaurants and steady growth in financial services; government recorded a CI$317.3 million surplus. Knowledge Economy: Cayman Enterprise City won fDi Intelligence’s 2026 Americas Knowledge Zone award as its special economic zone reached 500 businesses. Small Business: Twenty-eight exhibitors took part in the annual Small Business Expo, where young entrepreneurs also pitched their ideas. Financial Regulation: CIMA’s new recovery-planning rule will require banks and other covered institutions to prepare for financial stress, with the rule taking effect in October 2027. Energy: Premier André Ebanks says he still prefers a shift to 100% solar, but is considering LNG as a transition option amid delays and high power costs. Airport Infrastructure: Plans to expand private-jet parking at Owen Roberts International Airport include a new apron funded by the public. Insurance: Cayman issued eight new insurance licences in the third quarter.
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