Machico, Madeira institutions (municipal chamber, customshouse and church), and the left margin, that included nucleus of Banda d'Além, the Misericórdia (social centre) and Chapel of Christ, now known as the Chapel of "Nosso Senhor dos Milagres" ("Our Lord of Miracles"). In 1803, a landslide was responsible for the destruction of various homes, destroying hedges and walls, the main bridge along the ravine and the Chapel of "Nosso Senhor dos Milagres". Machico also became a front-line during the "Revolta da Madeira" ("Madeira Revolt") in April 1931. Machico is located 17 km northeast of Funchal, northwest of the uninhabitable Savage Islands, 20 km southeast
Economy of the Cayman Islands Economy of the Cayman Islands The economy of the Cayman Islands, a British overseas territory located in the western Caribbean Sea, is mainly fueled by the tourism sector and by the financial services sector, together representing 50–60 percent of the country's gross domestic product (GDP). The Cayman Islands Investment Bureau, a government agency, has been established with the mandate of promoting investment and economic development in the territory. The emergence of what are now considered the Cayman Islands' "twin pillars of economic development" (tourism and international finance) started in the 1950s with the introduction of modern transportation and telecommunications. From