Recent Articles

Building society squeezes clients to increase CI profits

Building society squeezes clients to increase CI profits

| 14/11/2017 | 1 Comment

(CNS Business): JN Cayman, a member of the Jamaica National Group, revealed a whopping 404% increase in its earnings during the  2016/17 financial year when it posted profits of CI$668,000, compared to a loss of CI$219,000 in the previous year. Managing director Damion Hylton told shareholder [...]

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DoT signs new PR deal with Canadian firm

DoT signs new PR deal with Canadian firm

| 14/11/2017 | 0 Comments

(CNS Business): The Cayman Islands Department of Tourism has signed up a new public relations firm in Canada to help promote the destination to that market. Although the DoT had a company promoting the islands in the country, Aerial Communications Group based won the latest competitive tender ai [...]

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Golden Spoons Review: Catch

Golden Spoons Review: Catch

| 17/11/2017 | 0 Comments

(CNS Foodie): My partner and I were in the mood for al fresco dining, especially somewhere with an ocean view. Catch was our choice and we were looking forward to the evening out, but unluckily Mother Nature decided to let it rain. Despite the dismal weather, which surprised us, as we scampered t [...]

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CUC sends new team to help BVI

CUC sends new team to help BVI

| 08/11/2017 | 0 Comments

(CNS Busines): A second group of linepersons from CUC’s transmission and distribution (T&D) operations department was sent to assist the British Virgin Islands Electricity Corporation (BVIEC) with the restoration of power following the passing of Hurricane Irma and Hurricane Maria in Septe [...]

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Scott defends Queen’s use of Cayman funds

Scott defends Queen’s use of Cayman funds

| 07/11/2017 | 2 Comments

(CNS Business): After the first revelations from the hacked documents that have been dubbed the Paradise Papers began making headlines around the world Sunday, Jude Scott, CEO of Cayman Finance, has defended the British monarch’s use of Cayman Islands funds and what he said is the legitimat [...]

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Southwest Airlines plans new service from Houston

Southwest Airlines plans new service from Houston

| 07/11/2017 | 1 Comment

(CNS Business): Hot on the heels of recent revelations about the continued record-breaking success of overnight tourism in the Cayman Islands, ministry officials were welcoming an announcement from Southwest Airlines that it will begin a seasonal summer service from Houston, Texas, to Grand Caym [...]

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Higher sales boost CUC profits

Higher sales boost CUC profits

| 06/11/2017 | 0 Comments

(CNS Business): Caribbean Utilities Company has revealed an increase on its third quarter earnings for 2017 when compared to the same period last year of $300,000 due to a 5% increase in sales. The third quarter 2017 was $7.7 million compared to net earnings of $7.4 million for the three months [...]

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Cayman gears up for CFATF review

Cayman gears up for CFATF review

| 07/11/2017 | 0 Comments

(CNS Business): The attorney general has said that the Portfolio of Legal Affairs, the Ministry of Financial Services and CIMA have been working with the public sector agencies and private sector stakeholders to get the jurisdiction in a state of readiness for the upcoming evaluation by the Carib [...]

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Queen using Cayman investment fund

Queen using Cayman investment fund

| 06/11/2017 | 31 Comments

(CNS Business): Labour leader Jeremy Corbyn has called on Queen Elizabeth to apologise to the British people for using tax havens, including the Cayman Islands. Revelations that the Queen was among a list of very rich individuals and organisations using offshore vehicles to dodge taxes has come [...]

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Tourism minister outlines record-breaking statistics

Tourism minister outlines record-breaking statistics

| 03/11/2017 | 0 Comments

(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 i [...]

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Golden Spoons Review: The Wharf

Golden Spoons Review: The Wharf

| 03/11/2017 | 4 Comments

(CNS Foodie): My companion and I decided that a nice meal out was just the thing to pick up our spirits mid-week (plus the leftovers had run out) so we headed to The Wharf Restaurant and Bar. The Wharf has been newly refurbished and we wanted to see what changes had been made and check out the fo [...]

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Premier: Cayman needs to keep defending offshore

Premier: Cayman needs to keep defending offshore

| 31/10/2017 | 3 Comments

(CNS Business): The Cayman Islands will need to keep up its defense of the offshore financial services sector and maintain regular engagement with European Union leaders, in particular, the premier has said, because the recent delegation to Brussels found that politicians there remain “cha [...]

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Premier pledges major cut in SME red tape

Premier pledges major cut in SME red tape

| 30/10/2017 | 6 Comments

(CNS Business): The premier has committed to cutting the regulations that he said are hindering small businesses. Alden McLaughlin said that “ambitious, entrepreneurial Caymanians need encouragement, not the dead weight of government bureaucracy holding them back”, as he pledged to ab [...]

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Dart’s tunnel CPA hearing deferred over paperwork

Dart’s tunnel CPA hearing deferred over paperwork

| 30/10/2017 | 0 Comments

(CNS Business): The increasingly controversial application by Dart to expand the West Bay Road tunnel was adjourned Wednesday, after the planning department filed the wrong documents to the Central Planning Authority. It is not clear when the authority will hear the application as the agenda for [...]

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Cayman still labeled as ‘notorious tax haven’

Cayman still labeled as ‘notorious tax haven’

| 26/10/2017 | 5 Comments

(CNS) Business): Despite the efforts of Cayman Islands’ finance industry, with government and its lobbyists spending time and money trying to paint a picture of how it fits into the global economy and its high standard of regulation, another report on tax issues relating to US-based global [...]

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