AGP Executive Report
Last update: 8 hours agoFinancial Services: The Grand Court has placed Cayman-registered AIX Secure SPV into official liquidation, giving petitioning creditors priority for legal costs and authorising liquidators to pursue claims and seek recognition overseas. Economy & Tourism: Cayman’s economy grew 2.4% in Q1 2026. Stayover arrivals rose 18.4% year over year in September, extending the island’s growth streak to 11 months; January–September stayovers were up 11.3%. Business Licensing: Trade and Business Licence renewals are delayed by rising applications, added compliance checks and incomplete submissions. The Department of Commerce and Investment asks businesses to apply at least three months before expiry. Public Finances: The Health Services Authority recorded an $8.7 million operating loss despite $26 million in government funding, marking its fourth year in deficit and drawing a qualified audit opinion. Residency & Housing: About 9,000 permanent-residency applications are in process as ministers work on tougher eligibility rules. The Public Accounts Committee will examine the government’s affordable-housing approach at hearings this week.
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