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Cayman Islands News, Articles and InformationGarmin reports strong 2Q profits on larger salesKANSAS CITY, Mo. - Garmin Ltd., which makes GPS gadgets, said Wednesday second-quarter profits rose 66 percent as the company saw greater sales for its automobile and exercise-related personal navigation devices.The company also increased its earnings expectations for the year. But the news did little to cajole investors concerned the company's stock price is maxed out. After increasing as much as 10 percent early in trading Wednesday, Garmin shares ended down $1.86, or 2 percent, at $88.14 on the Nasdaq Stock Market. For the three months ending July 1, Garmin, which is based in the Cayman Islands but headquartered in the Kansas City suburb of Olathe, Kan., reported earnings of $123.3 million, or $1.12 per share, compared with earnings of $74.2 million, or 68 cents per share, during the same period a year ago.
Time for enforcement over low pay and exploitationThe recent news that the Department of Employment Relations is seeking to take legal action over the blatant and deplorable exploitation of security guards, demonstrates that we need to put a stop to some of the worst excesses that appear to be going on here in the labour market.For the skilled professional expatriate workers who can sell their talents and experience to the highest bidder, life in the Cayman Islands can be a real bed of roses, but for those at the bottom of the work force pile, employed in particular in the security sector, life is unbelievably miserable. The report that some workers were earning as little as $3.33 per hour may not actually be a crime but there are few that would argue it is criminal. Reports also suggest that some people are forced to work more than one hundred hours per week and can still not make ends meet on such low rates. Police to meet on Sister IslandsThe Royal Cayman Islands Police Service, (RCIPS) will be meeting with members of the community in both Sister Islands next week.An official community meeting will be held in Cayman Brac on Wednesday 9 August which will take place at the Cayman Brac Reef Beach Resort in the Govenor's Conference Room at 7:00 pm. The police said that members of the community are encouraged to attend the meeting where the Commissioners, Area Commanders and Community Officers will be on hand to discuss issues affecting the local community and answer questions. Then on Thursday 10 August the Police Commissioner Stuart Kernohan will visit Little Cayman. There will be no official community meeting but the RCIPS said that the Commissioner will spend the day on patrol, personally making contact with members of the community.
Daniel E Tibbetts - A life rememberedLeaving a legacy of hard work, innovation and vision, Dan Tibbetts is remembered as a loving father, a respected friend and colleague, and an understanding employer by those who knew him.He was a man who truly enjoyed working hard and loved to build and create, according to his son, Michael Tibbetts. My father was a gentle person and always cared about those around him. He cared deeply about the Cayman Islands, especially the Sister Islands, he said. Dan Tibbetts had strong ties to his heritage in these Islands, the land of his father, but maintained a bright vision for the future of Cayman Brac and Little Cayman. He was also closely bonded with his family - parents Linton and Polly Tibbetts, children Michael, Emily and Jessica, sister Mary Brandes, twin sister Donna Hooker, as well as his nieces and nephews. |
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