Cayman News
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Concessions renewed for builders and developers
(CNS Business): The government will be continuing the flat 15% import duty rate on building materials imported to Grand Cayman for another year, officials have confirmed. The duty cut has been running for several years and Finance Minister Roy McTaggart claimed the concession was working and helping to boost the economy. “The government is committed […]
Tourism minister outlines record-breaking statistics
(CNS): Tourism Minister Moses Kirkconnell said he expects that more than 400,000 tourists will have visited the Cayman Islands by the end of this year, passing another record-breaking milestone and continuing the incredible successes in overnight tourism figures since he took over the ministry in 2013. During his contribution to the debate late Wednesday evening, […]
Radio Cayman assists Turks and Caicos broadcaster
(CNS Business): Radio Cayman recently stepped in to help the Turks and Caicos Islands, after Hurricane Irma destroyed the majority of the jurisdiction’s broadcast network. Following high-level talks between the Cabinet Office and the government-owned radio station, Radio Turks and Caicos (RTC), Radio Cayman’s senior technician flew into Providenciales (locally known as Provo) on Wednesday, […]
Customs begins registering importers for e-system
(CNS Business): The Cayman Islands Customs Department will start registering importers Monday, ahead of plans to roll out a new online electronic system for entry declaration in November. The implementation of the new system will require importers to complete and submit entries electronically to customs using the new gateway portal COLS (Customs Online System). Importers will […]
Premier urges bosses to take part in wage survey
(CNS Business): Premier Alden McLaughlin is urging all employers to take part in the forthcoming Occupational Wage Survey, as the data collected will be an important tool for government and business in a number of areas, such as re-assessing the current minimum wage and helping young Caymanians make future career decisions. “It is critical that […]
CUC speeds power restoration in TCI
(CNS Business): Caribbean Utilities Company (CUC) has sent two more staff members to hurricane-hit Turks and Caicos Islands (TCI). Right after Irma ripped though the islands, CUC sent a crew of seven linepersons to help with restoration efforts. But with conditions there still very difficult, Joshua Ebanks, supervisor for transmission and distribution planning and estimating, […]
DMS hails proposed changes to fund governance industry
(CNS Business): A Cayman Islands based firm has welcomed proposed changes to the governance of UK Authorised Fund Managers (AFMs). DMS Governance hailed the proposed changes, which were published in response to a Financial Conduct Authority report that highlighted a number of concerns with the governance of AFMs.
C&W achieves security standard
(CNS): An telecoms and entertainment provider operating within the Cayman Islands has announced it has been recognised for its standard of information security. C&W Business, a division of C&W Communications, achieved compliance with ISO/IEC 270001:2013, a security standard with thorough requirements aimed at establishing, implementing, maintaining and continually improving a company’s information security management system.
Emergency measures grant evacuees the right to work
(CNS Business): The Cayman Islands Government is waiving normal procedures for temporary work permits for workers in the financial services industry who have evacuated to this jurisdiction from islands devastated by hurricanes Irma or Maria. “For those who say we should not be doing this, last week it’s them, next week it may be us,” […]
Flow offers free credit in Dominica
(CNS Business): Cable & Wireless Communications (C&W), the parent company of Flow, says it has begun the successful restoration of mobile services to Dominica and has extended free credit to help mobile customers communicate with family and friends. The island’s infrastructure, including its communications networks, suffered significant impact from Category 5 Hurricane Maria, which made […]
Dart buys another piece of 7MB
(CNS Business): Already the largest landowner in the Cayman Islands, the Dart Group has made another significant purchase with the acquisition of Royal Palms Beach Club in the heart of Seven Mile Beach, along the West Bay Road. Neither the seller, Coral Apartments Ltd, nor Dart has said how much the near three and a […]
New law boosts trade mark registrations
(CNS Business): Since the Trade Marks Law came into effect 1 August 2017, modernising legislation which originally dates from the 1970s, the Cayman Islands Intellectual Property Office (CIIPO) has received 50% of the total number of applications to register trade marks usually submitted in a year. As of 29 August, the office had received more […]
Air arrivals: the harsh reality
A CNS reader writes: It’s a pity the Hon Minister wasn’t a bit more forthcoming with some of the arrival stats that don’t make quite such happy reading. UK arrivals – 6,808, down just under 10% on the first six months of 2016 and stuck at slightly below the same level they have been for […]
CUC begins testing new solar facility
(CNS Business): Grand Cayman’s power provider is just a few weeks away from officially opening Cayman’s first ever solar farm. Caribbean Utilities Company (CUC) said in a statement today that it has started testing the facility in Bodden Town. Commissioned in partnership with solar project developer Entropy, the renewable energy 5MW facility is expected to […]
Regulator seeks input on handling powerful utilities
(CNS Business): The newly formed Utility Regulation and Competition Office (OfReg) has launched a public consultation to seek input on how it will manage and deal with monopolies in the utility sector. Officials said they want people to comment on what criteria and items of evidence should be used in defining relevant markets and assessing […]
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