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Compass News
Minimum wage increased
Caymans new minimum wage will be increasing to KYD$8.75 from KYD$6.00 starting 1st January 2026. Minister for Caymanian Employment and Immigration, Hon. Michael Myles says his government will be implementing the recommendation from the 2023 Minimum Wage Advisory Committee Final Report.
In a press conference Mr. Myles said in Wednesdays government press conference, “We’re also taking a clear stance on encouraging labor market participation, we’re raising the wage floor, we’re making work more viable and attractive.”
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Cayman Compass
New Auditor General Patrick Smith aims for robust and realistic budgets
Patrick Smith is only a few weeks into his new job as auditor general of the Cayman Islands, but having spent the last 23 years working in the auditor general’s office, he is probably the most prepared to ever take up this high-profile role.
With the nation’s budgets under scrutiny and a new government gradually revealing its spending priorities, Cayman Islands’ finances are in the spotlight as never before, which is just fine with father-of-two Smith, whose love for numbers makes him the ideal person to highlight exactly where public money is being spent.
Originally from Barbados, Smith moved to the Cayman Islands in March 2002 to join the Office of the Auditor General as senior auditor, an entry-level position.
