Archive for October, 2014
New diesel generators will reduce power bills
(CNS Business): The US$85 million contract to produce 36 MW of incremental generating capacity on Grand Cayman is the largest single project that Caribbean Utilities Company (CUC) has ever undertaken, President and CEO Richard Hew said following news that CUC had out bid its competitors, DECCO (Dart Group), which submitted two proposals, and the Louis […]
Cayman Brac student is new Tourism Ambassador
(CNS Business): Katherine Tatum, a student of Layman Scott High School, topped the 2014 Tourism Speak Off’ debates held at The Ritz-Carlton, Grand Cayman on Wednesday, 24 September and was crowned ‘Tourism Ambassador’, to serve for a period of one year. Kayci McCarther representing Grace Christian Academy, and Monike Buck and, Max Pairaudeau from Cayman Prep […]
Convicted money launderers now whistleblowers
(CNS Business): Canadian investment advisor Eric St-Cyr, who was working from a Cayman Islands-based financial services firm, and Patrick Poulin, a Canadian attorney based in the Turks and Caicos Islands, were both sentenced Friday to serve 14 months in prison and three years of supervised release for conspiring to launder money. The two men are […]
Medicare-type health insurance being proposed
(CNS Business): Employers are compelled under the law to provide workers with health insurance through one of the Cayman Islands’ approved insurance providers, but after retirement many employees are finding that they are without coverage. However, the Health Insurance Commission (HIC) is currently working on a proposal for government for a retirement health insurance plan […]
Walkers hosting ‘Fundamentals’ seminars in US and London
(CNS Business): Economics Editor, writer and broadcaster, Robert Peston, will be the keynote speaker in London next week for the Walkers Fundamentals Investment Funds seminar series, with a further two events in the series taking place in November in New York and San Francisco. Hosted by international offshore law firm Walkers, the seminars, ‘Everything Offshore […]
Harneys sponsors young Caymanian to pursue law degree
(CNS Business): Sydonie Barrett (19) , a former student at St Ignatius School, has been awarded a scholarship by Cayman law firm Harneys to study law at the University of Surrey in the UK. Managing Partner at the firm, Marco Martins, said that Harneys had given Barett the opportunity to qualify with a law degree and postgraduate qualification, which in turn will […]
GFCI 16 methodology questioned by Cayman Finance
(CNS Business): Cayman Finance has criticised the overall methodology of the sixteenth Global Financial Centres Index (GFCI 16), which found that the Cayman Islands dropped 11 ranks among financial centres around the world since GFCI 15, and now sits at #54. But the CEO of Cayman’s financial services umbrella organization said that some of the […]
Cayman Finance CEO to step down
(CNS Business): The first person to hold the post of Chief Executive Officer for Cayman Finance, Gonzalo Jalles, will be leaving the organisation in mid-November, the umbrella organisation for Cayman’s finance industry has announced. Ian Wight, Chairman of Cayman Finance, thanked Jalles for his significant contributions to the organisation and, more broadly, Cayman’s financial services […]
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