Recent Articles

Rivers begins job as advocate for offshore sector

Rivers begins job as advocate for offshore sector

| 24/07/2017 | 0 Comments

(CNS Business): The new financial services minister began her work as a voice for Cayman’s offshore sector during the recent visit to the UK for the Brexit meetings with the overseas territories. Tara Rivers was also advocating for the financial services industry, which she now has respons [...]

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Small businesses concerned over cost of finance

Small businesses concerned over cost of finance

| 24/07/2017 | 0 Comments

(CNS Business): The president of the Cayman Islands Small Business Association (CISBA) has said that financial institutions are setting up entrepreneurs for failure because of the cost of loans. This was one of a number of issues that Dawn McLean-Sawney raise [...]

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US court case to examine losses of Ritz investors

US court case to examine losses of Ritz investors

| 24/07/2017 | 1 Comment

(CNS Business): A legal case in the South Dakota Supreme Court is scheduled to hear arguments this week on how a charitable foundation created by Marvin Schwan, a US frozen food magnate, lost around $600 million in offshore real estate ventures, including cash invest [...]

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Golden Spoons Review: Southern Spice

Golden Spoons Review: Southern Spice

| 18/07/2017 | 1 Comment

(CNS Foodie): When you think of getting chicken at Baytown Plaza on West Bay Road, a famous franchise often comes to mind. However, just a few steps away you can get a curried version of that fowl, plus many other meats (for you carnivores), cooked with all sorts of herbs and spices from India. S [...]

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Bars need inspections ahead of renewals

Bars need inspections ahead of renewals

| 17/07/2017 | 3 Comments

(CNS Business): Liquor licence holders in the Cayman Islands have just one month before their annual renewals are due. Licence holders, including those with music and dancing licences, that want to carry on having the right to sell booze need to submit their applications before Friday, 18 August [...]

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Cayman committed to maritime improvements

Cayman committed to maritime improvements

| 17/07/2017 | 0 Comments

(CNS Business): A message from the new financial services minister to delegates at a shipping conference in Cayman last week pointed to the committment of the Maritime Authority of the Cayman Islands (MACI) to make life at sea safe, minimise ship pollution and encourage optimal living and workin [...]

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DoT launches wedding magazine

DoT launches wedding magazine

| 17/07/2017 | 1 Comment

(CNS Local Life): The Cayman Islands Department of Tourism (DoT), in partnership with a US publisher, has released the first issue of a glossy magazine devoted to all things wedding-related in Cayman. Cayman Vows was launched in both print and digital versions on 11 July, with 40,000 copies dest [...]

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Travel agents weather the internet storm

Travel agents weather the internet storm

| 18/07/2017 | 2 Comments

(CNS Business): With all the online options for booking flights and hotels, it would be understandable to think that the days of the good, old-fashioned bricks-and-mortar travel agent have gone the way of the dodo. But while the rise of travel websites has siphoned off business and thinned the ma [...]

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CIMA names two new deputy heads

CIMA names two new deputy heads

| 10/07/2017 | 9 Comments

(CNS Business): The Cayman Islands Monetary Authority (CIMA) has promoted two staff members to top positions within the organisation, as of 1 June 2017. Suzanne Sadlier was named deputy head of the Insurance Supervision Division and Judiann Myles was appointed deputy head of the Compliance Divi [...]

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Non-profit law cuts fees for charities

Non-profit law cuts fees for charities

| 09/07/2017 | 1 Comment

(CNS Business): The implementation of the new Non-Profit Organisation Law, 2016 on 1 August will pave the way for charities and non-profit entities to avoid government fees. The law is part of a raft of new legislation passed in order to steer Cayman safely through the jurisdiction’s Caribb [...]

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Imports fall by 2% in 2017’s first quarter

Imports fall by 2% in 2017’s first quarter

| 09/07/2017 | 0 Comments

(CNS Business): The total value of all goods imported into the Cayman Islands in the first quarter of 2017 was CI$207.8 million, a drop of some CI$4.3 million compared with the same period last year. Officials from the Economics and Statistics office said the decline was due to a 6.1% reduction [...]

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Chamber commits to cooperate over disaster relief

| 09/07/2017 | 0 Comments

(CNS Business): The Chamber of Commerce has signed a statement of purpose alongside Caribbean Central American Action (CCAA), Hazard Management Cayman Islands (HMCI) and Cayman Islands Tourism Association (CITA) to beef up coordination over disaster preparations. “It is vital that we are pr [...]

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Caymanian lawyer to run  financial courts

Caymanian lawyer to run financial courts

| 09/07/2017 | 5 Comments

(CNS Business): Janesha Simpson will be returning to public service on Monday following her appointment as Interim Senior Deputy Clerk of Courts and Registrar of the Financial Services Court. She joins the court from Maples and Calder, where she was an associate, but Simpson is also a former cro [...]

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Three cruise ships switch from Falmouth, Jamaica

Three cruise ships switch from Falmouth, Jamaica

| 09/07/2017 | 12 Comments

(CNS Business): Royal Caribbean Cruise Lines (RCCL) is changing the itinerary or three of its ships next year to avoid Falmouth Port in Jamaica, according to a report in the Jamaica Gleaner, even though the port was built through a partnership between RCCL and Port Authority of Jamaica. However, [...]

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Cayman has more Brexit power than UK cities, claims mayor

Cayman has more Brexit power than UK cities, claims mayor

| 05/07/2017 | 0 Comments

(CNS Business): Andy Burnham, the mayor of the North West English city of Manchester, has said the Cayman Islands currently has more influence in the Brexit talks than the UK regions. In a speech to local government associations, Burnham raised the growing fear that the financial services sector [...]

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