Archive for July, 2014
Bulgaria beats Cayman in ‘best of’ low tax places list
(CNS Business): Bulgaria, UAE and Mauritius are just some of the countries that have beaten Cayman in a top ten list of low or no tax destinations compiled by a firm specialising in international expatriation. Cayman does make the list but is well out of the top five, down in ninth place, in the ranking […]
Cruise port not on Chamber list of priorities
(CNS Business): The list of national priorities that the current administration should focus on are: the redevelopment of the airport, finding a solution to the George Town landfill situation and completion of the John Gray High School, the Cayman Islands Chamber of Commerce President, Johann Moxam, told CNS Business. He said, “Those three items have […]
More than ‘teething’ problems with new customs codes
(CNS Business): The current duty codes and changes to the customs law have created some real issues and the customs department, the business community and the ministry need to find a way to get all the relevant stakeholders in a room and work through them, Chamber of Commerce President Johann Moxam told CNS Business. Despite […]
Contractors should be consulted for airports project
(CNS Business): The redevelopment of the Owen Roberts International Airport is number one on the list of national priorities, but in addition to the proposals in the finance report put forward by consultants PricewaterhouseCoppers, government should also consult the Cayman Contractors Association regarding costs and what is possible, Chamber of Commerce President Johann Moxam told […]
Rationalization success depends on implementation team
(CNS): The Cayman Islands Chamber of Commerce encourages the government to be transparent and to share the EY report on government rationalization, which is expected this week. However, Chamber President Johann Moxam said it was “imperative†that the government then puts together a competent and professional implementation team. “That is the key to the overall […]
Bermuda Sun closes it doors
(CNS): The Bermuda Sun is to close down following its final publication on July 30 after serving the island 50 years. The newspaper’s management said that “the decline in advertising revenues over the past decade, exacerbated by the challenging economic climate and the impact of digital media on the print industry, has made it increasingly […]
Radio rules to focus on industry not businesses
(CNS Business): Despite having an overcrowded marketplace, with some 17 radio licences issued by the government regulator, the new Information and Communications Technology Authority (ICTA) boss has revealed that there has never been an industry meeting with the authority. Pulling the owners of the stations together last week to review what’s happening in the sector, […]
New power provider to be announced this week
(CNS Business): The Cayman Islands’ Electricity Regulatory Authority (ERA) said this week that the announcement regarding who has secured the contract to supply the additional 36 megawatts of power that will be required by Grand Cayman in the coming years was expected before Friday. Dart Enterprises Real Estate Ltd, the Louis Berger Group and Caribbean Utilities […]
Government must take ownership of lionfish problem
(CNS Business): As the Cayman government contemplates spending hundreds of millions of dollars on a cruise port dock and renovations to the three airports, the lionfish problem, which has the potential to devastate the marine life of the islands, thereby destroying what brings tourists here in the first place is being largely ignored. Neil van Niekerk, Manager […]
Property market grows by 20%, agents claim
(CNS Business): Real estate agents have plenty to smile about at present as their industry associations said that more than a 100 more sales took place in the first half of this year than last. According to statistics compiled and released by the Cayman Islands Real Estate Brokers Association (CIREBA), the value of Cayman Islands […]
Articled Clerk at Campbells passes PPC with distinction
(CNS Business): Local law firm Campbells has announced that Dr Laetitia Bush has passed the legal Professional Practice Course at the Truman Bodden Law School with distinction and will be starting her articles with the firm in August 2014. Laetitia began her career in the field of Entomology and possesses a BSc in Biology and […]
Jersey-based company expands to Cayman
(CNS Business): Enhance, a  provider of investment oversight services in the fiduciary sector, say the opening of their new office in the Cayman Islands is a result of the thriving trust business in this jurisdiction as well as the company’s significant growth over the last year, including an increase in clients with Caribbean-based interests. Lee […]
Sweet treats reap funds for Cayman’s ARK
(CNS Business): Following another successful and much anticipated charitable bake sale, the staff of Maples and Calder’s Corporate Services department raised CI$2,000 for Cayman’s ARK (Acts of Random Kindness). The proceeds of the sale will aid a local family in need, to help defray mounting medical treatment costs for their child. Tara Nielsen of Cayman’s […]
Employment agency looks for accountability from job hunters
(CNS Business): Job seekers registered with the NWDA who appear to have trouble holding down a job will now be accountable and employers will be required to say why they did or did not hire an applicant sent to them by the National Workforce Development Agency, according to Employment Minister Tara Rivers. The NWDA is […]
Labour department sows safety seeds
(CNS Business): A group of thirteen landscape workers had the benefit of health and safety training from the labour department’s health and safety expert recently, which the department’s director said would not only keep workers safe but keep customers happy. Senior Labour Inspector Gene Hydes led the presentations on landscaping hazards, safe work practices, what to […]
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