(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 […]
(CNS Business): People living in the district of West Bay will soon see a new development popping up beside Foster’s Food Fair. Cayman Islands’ Jacques Scott Group Ltd has big plans to build a new liquor store and retail complex in the opened plot. However, Retail Division Manager David Hubble said the company is still in […]
(CNS Business): Power consumption was down 3% for the last quarter of CUC’s financial year due to cooler weather, the firm said yesterday as it released its figures for the three months ended December 31. But the monopoly power provider and its shareholders are not out of pocket, since a growth in customer numbers boosted net earnings for the year to $20.8 […]
(CNS Business): Butterfield Bank has become the first high street bank in Cayman to introduce chip and PIN credit cards. Although the cards which have a higher level of security have been in use in common use in Europe and the US for over a decade, none of the local banks have issued them to […]
(CNS Business): The gap between the “haves” and the “have-nots”, which is squeezing out the middle classes, combined with technologies that are cutting white-collar jobs could soon have detrimental impact on the Cayman Islands economy. Speaking at the recent Fidelity CEO conference, Anwer Sunderji said “global wealth has become dramatically unequally” and the gap is widening.
(CNS Business): Five local businesses are enjoying the benefit of free business advice from a group of students at the University College of the Cayman Islands (UCCI) who are on business course. Atlantic Supply Ltd, Chatterbox, Kelly Holding Ltd, Swim & Trim Ltd and Ted Green Fragrances are taking part in the consulting programme in […]
(CNS Business): The Department of Commerce and Investments (DCI) is urging local exporters to enter a regional competition to help boost their businesses and enjoy new opportunities. The 2015 Caribbean Exporter of the Year awards are organised by the region’s export development agency and are intended to encourage Caribbean countries to export their goods.
(CNS): Investors planning to develop a golfing resort and community in the Frank Sound area have signed a deal with Arch and Godfrey to build the town centre, officials have announced, but they remain in negotiations with government over the development of a critical highway. The Ironwood project is contingent on the extension of the […]
(CNS): The Information & Communications Technology Authority (ICTA) has launched a new website that brings the regulator into the 21st century, offering greater access to everything, from buying KY domain names to links for streaming all local radio stations. Aiming to provide an enhanced level of service to its primary clients, the general public and ICT […]
(CNS Business): A construction company owner fined by the courts for health insurance infractions did not have the option of avoiding appearing in the dock and paying an administrative fine, as allowed under amendments to the Health Insurance Law, because his offences occurred before the changes to the law were implemented.