Recent Articles

CIMA denies getting Caledonian owners wrong

CIMA denies getting Caledonian owners wrong

| 02/03/2015 | 3 Comments

(CNS): The local regulator has stated that it is “well aware of the various parties in the ownership structure of the Caledonian group”, refuting claims by the Miami-based watchdog, OffshoreAlert, that CIMA had named the wrong beneficial owner in the liquidation petition. Meanwhile, liquidators are looking for a buyer for the bank which was brought to […]

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Property & Construction Conference this week

Property & Construction Conference this week

| 03/03/2015 | 0 Comments

(CNS Business): RICS will host Cayman Islands Property & Construction Conference on Thursday 5 March at the Grand Cayman Marriott Beach Resort. Grand Cayman’s second property and construction conference is expected to draw a crowd of more than 200 attendees. 

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FirstCaribbean reports improved quarterly results

FirstCaribbean reports improved quarterly results

| 03/03/2015 | 0 Comments

(CNS Business): CIBC FirstCaribbean is reporting a net income of $26.6 million for the three months ended 31 January 2015, its best quarterly financial performance in four years. However, the bank also says it had a decrease in total revenue of $7.3 million year-over-year. Commenting on the quarterly results, Rik Parkhill, CEO for CIBC FirstCaribbean, stated […]

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Seminar to help US tax payers

Seminar to help US tax payers

| 03/03/2015 | 0 Comments

(CNS Business): A free seminar designed to help US taxpayers residing in the Cayman Islands will be held on 11 March. This informational meeting called, “Navigating US Tax Requirements and Strategic Methods of Coming into Compliance”, will explain the most recent US tax filing and reporting requirements under FATCA, as well as how to report […]

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DoT scoops multiple awards for PR

DoT scoops multiple awards for PR

| 03/03/2015 | 0 Comments

(CNS Business): The Cayman Islands Department of Tourism recently received top honours at the 2015 annual Adrian Awards in NYC, taking home a platinum, gold and bronze award for their superior marketing, public relations and advertising initiatives. 

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First job benefits survey for Cayman

First job benefits survey for Cayman

| 02/03/2015 | 0 Comments

(CNS Business): Officials from PricewaterhouseCoopers (PwC) and the Cayman Islands Society of Human Resource Professionals (CISHRP) will meet this Friday to discuss the island’s first ever Compensation and Benefits Survey.

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CWC partners with Facebook for simple login

CWC partners with Facebook for simple login

| 01/03/2015 | 0 Comments

(CNS Business): Cable & Wireless Communications (CWC), the parent company of LIME, is partnering with Facebook to provide customers a more simple and personalised way to access free Wi-Fi, starting with LIME Barbados, where the new service will launch in the first quarter of 2015.

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CITA elects new board

CITA elects new board

| 01/03/2015 | 0 Comments

(CNS Business): The Cayman Island’s Tourism Association is asking for nominations for the 2015-2016 CITA Board of Directors. The polls open on 22 April and the election will take place at the Annual General Meeting (AGM) of the Association. All nominations are due by 4:00pm on 18 March.  A total of 10 seats are up […]

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US/Cuba discussions continue

US/Cuba discussions continue

| 01/03/2015 | 0 Comments

(CNS Business): On Friday the US and Cuba met for a second round of diplomatic talks to discuss how they can overcome five decades of hostility and suspicion, and move forward with restoring the countries’ ties. Washington severed diplomatic relations with Cuba 54 years ago and the current restorations could impact tourism elsewhere in the […]

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Cayman Finance hosts successful New York event

Cayman Finance hosts successful New York event

| 26/02/2015 | 2 Comments

(CNS Business): Cayman Finance hosted another successful New York Breakfast Briefing at the Harvard Club of New Your City. This was the second time the organisation hosted the event, but it was the first time since the appointment of new CEO, Jude Scott.

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CBA elects new council

CBA elects new council

| 26/02/2015 | 0 Comments

(CNS Business): A new council has been elected for the Caymanian Bar Association. Abraham Thoppil was returned as President when members elected the 2015 council during the recent annual general meeting. Outgoing Vice President Brett Basdeo was succeeded by Nick Rogers. Neil Timms QC also returned as Treasurer, and Nick Joseph was elected for the spot […]

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Cayman leads offshore deal activity in 2014

Cayman leads offshore deal activity in 2014

| 26/02/2015 | 0 Comments

(CNS Business): The Cayman Islands has remained the top target destination for offshore dealmaking throughout 2014, according to a report released by offshore law firm Appleby. The reported showed that the final three months of the year accounted for a quarter of all deals.

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Retail bank cutting local jobs

Retail bank cutting local jobs

| 26/02/2015 | 4 Comments

(CNS Business): Workers at the Airport branch of Scotiabank have become the latest victims in the financial services sector to face job losses. Officials from the bank said the branch is being closed in order to consolidate it with the new office in South Sound. As a result there will be job cuts but the […]

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New regional leader for sustainable tourism

New regional leader for sustainable tourism

| 26/02/2015 | 0 Comments

(CNS Business): A new chairman has been slated for the Caribbean Alliance for Sustainable Tourism (CAST). Prominent Caribbean hotelier Karolin Troubetzkoy has now been appointed. A report released by CAST stated the appointment is the latest Caribbean tourism sector leadership role for the hotelier who serves as Executive Director of the storied Jade Mountain and Anse […]

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Caledonian in liquidation as CIMA revokes licences

Caledonian in liquidation as CIMA revokes licences

| 24/02/2015 | 0 Comments

(CNS Business): Controllers appointed by CIMA to oversee the affairs at the beleaguered Caledonian Bank and Caledonian Securities have been officially named by the local regulator as the joint official liquidators. Following the controllers’ interim report, the Cayman Islands Monetary Authority has revoked the licences and petitioned the Grand Court to wind up the bank.

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