Recent Articles

Recruitment firm hires YPP graduate

Recruitment firm hires YPP graduate

| 21/11/2014 | 0 Comments

(CNS Business): SteppingStones has recently hired a young Caymanian mother they met while volunteering for the Young Parents Programme. Sharon Woodman was introduced to the company through the programme when the local recruitment firm volunteered by providing seminars and workshops on resumé writing, interview preparation, worth ethics and other relevant subjects. Woodman was initially hired […]

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CIG’s infrastructure plans inspire conference theme

CIG’s infrastructure plans inspire conference theme

| 25/11/2014 | 0 Comments

(CNS Business): Organisers of a property and construction conference schedule to take place in Grand Cayman in March next year said the theme for the industry gathering is inspired by the Cayman government’s plans to prioritize a number of major infrastructure projects. Some 200 delegates are expected at the Royal Institution of Chartered Surveyors (RICS) […]

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HR professionals gen up on Immigration technology

HR professionals gen up on Immigration technology

| 25/11/2014 | 0 Comments

(CNS Business): Thirty people from Chamber of Commerce member companies recently took advantage of a free workshop delivered by immigration officials. The HR personnel were walked through the Immigration On-Line (IOL) facility offered by the government department. IOL was described as a powerful tool that business owners and HR staff can use to efficiently manage […]

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Bermuda waits for level playing field on ownership register

Bermuda waits for level playing field on ownership register

| 25/11/2014 | 0 Comments

(CNS Business): The Bermuda government has said it will not be creating a publicly available register of beneficial owners of firms domiciled there before the UK, the USA and Canada all adopt the same type of access. Despite receiving similar pressure as the Cayman Islands government from the UK to create a register that will be […]

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RBC shutting down Caribbean wealth management arm

RBC shutting down Caribbean wealth management arm

| 22/11/2014 | 1 Comment

(CNS Business): The Royal Bank of Canada is pulling out of the wealth management business in the Caribbean, a decision that will impact Cayman jobs though the number of workers that will be hit has not yet been confirmed. This is the second Canadian bank with branches in the Cayman Islands that appears to be cutting […]

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Banker walks free from $20bn tax evasion charges

Banker walks free from $20bn tax evasion charges

| 12/11/2014 | 0 Comments

(CNS Business): Former head of UBS Raoul Weil has been acquitted by a US federal jury on all charges of conspiring with as many as 17,000 US taxpayers to abuse Swiss bank secrecy to hide $20 billion in secret offshore accounts. Jurors in a Fort Lauderdale, Florida, federal court reached their verdict after deliberating less […]

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DMS to hosts offshore funds summit in Brazil

DMS to hosts offshore funds summit in Brazil

| 11/11/2014 | 0 Comments

(CNS Business): DMS Offshore Investment Services (DMS) will host its 4th Annual Offshore Investment Funds Summit in São Paulo, Brazil, on 18 November. The firm said that this year’s summit will focus on the opportunities and challenges for Brazilian asset managers seeking to raise capital offshore, and developments in the local market with investment diversification […]

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Planning sought for solar power

Planning sought for solar power

| 11/11/2014 | 0 Comments

(CNS Business): A renewable energy providers which is currently in discussions with Caribbean Utilities Company (CUC), the power distributors for Grand Cayman, has applied for planning permission to start the development of a 5MW solar power plant. According to CUC, which is currently the sole supplier of electricity for the island, it is anticipated that […]

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Bank remains mum on potential local job losses

Bank remains mum on potential local job losses

| 11/11/2014 | 1 Comment

(CNS Business): Following the announcement last week by Canada’s Scotiabank that it will be closing some 35 branches in the Caribbean region, with a potential loss of over 500 jobs, it is not clear how many of them will be in the Cayman Islands. Ahead of its fourth quarter earnings announcement next month, the bank […]

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C&W to buy major regional telecoms firm

C&W to buy major regional telecoms firm

| 11/11/2014 | 1 Comment

(CNS Business): Cable and Wireless has entered into a proposed deal with Columbus International which, if approved, will see the telecom leader double in size. CWC is expected to pay $1.9bn for the Barbados-based business, as well as assume about $1.2bn in debt. The firm said it has reached a conditional agreement to acquire the […]

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