News about the Cayman Islands in the Foreign Press

Tuesday, May 25, 2004

Halliburton shareholders reject review of Cayman subsidiary

HOUSTON, USA – The Richmond Times Dispatch reports that, at their annual meeting, Halliburton shareholders overwhelmingly rejected a proposal to establish a committee of directors to review company operations in Iran, a country designated by the State Department as a sponsor of terrorism.

Halliburton has said it operates legally in Iran through a subsidiary incorporated in the Cayman Islands.

The meeting drew about 500 protesters, some of whom shouted outside the meeting room: “Oil is not worth human blood” and “Make more ethical investment decisions.”

Tortuga Rum Cakes on the high seas

KINGSTON, Jamaica – According to the Jamaica Observer, Tortuga Rum Cakes, long a favourite of tourists visiting the Cayman Islands, are now available in the gift shops of nearly 100 cruise ships throughout the Caribbean.

“Our strong, on board presence means that whatever the ports of call, passengers can take home our cakes,” says Robert Hamaty, founder and president of the Grand Cayman-based company.

Tortuga Rum Cakes are the number 1 export of the Cayman Islands and are shipped throughout the world.

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