Archive for November 11th, 2014

DMS to hosts offshore funds summit in Brazil

DMS to hosts offshore funds summit in Brazil

| 11/11/2014 | 0 Comments

(CNS Business): DMS Offshore Investment Services (DMS) will host its 4th Annual Offshore Investment Funds Summit in São Paulo, Brazil, on 18 November. The firm said that this year’s summit will focus on the opportunities and challenges for Brazilian asset managers seeking to raise capital offshore, and developments in the local market with investment diversification […]

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Planning sought for solar power

Planning sought for solar power

| 11/11/2014 | 1 Comment

(CNS Business): A renewable energy providers which is currently in discussions with Caribbean Utilities Company (CUC), the power distributors for Grand Cayman, has applied for planning permission to start the development of a 5MW solar power plant. According to CUC, which is currently the sole supplier of electricity for the island, it is anticipated that […]

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Bank remains mum on potential local job losses

Bank remains mum on potential local job losses

| 11/11/2014 | 1 Comment

(CNS Business): Following the announcement last week by Canada’s Scotiabank that it will be closing some 35 branches in the Caribbean region, with a potential loss of over 500 jobs, it is not clear how many of them will be in the Cayman Islands. Ahead of its fourth quarter earnings announcement next month, the bank […]

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CWC to buy major regional telecoms firm

CWC to buy major regional telecoms firm

| 11/11/2014 | 1 Comment

(CNS Business): Cable and Wireless Communications (CWC) has entered into a proposed deal with Columbus International which, if approved, will see the telecom leader double in size. CWC is expected to pay $1.9bn for the Barbados-based business, as well as assume about $1.2bn in debt. The firm said it has reached a conditional agreement to […]

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Danes reveal plans for public company register

Danes reveal plans for public company register

| 11/11/2014 | 0 Comments

(CNS Business): The Danish government has announced that it will create a public registry of beneficial ownership information for all Danish companies as part of the widening global crackdown on money laundering, corruption, and tax evasion. Denmark’s plan follows the commitment by the British government that it would be creating a public registry of the beneficial owners […]

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Job agency introduces specialist accounts training

Job agency introduces specialist accounts training

| 11/11/2014 | 0 Comments

(CNS Business): As local people continue to face an uphill struggle to find work, fourteen job seekers completed a Colour Accounting training course recently via the National Workforce Development Agency, which experts say will help them in their job hunt. Described as a “revolutionary new way to learn accounting”, the course was sponsored by the […]

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Tour operators grizzle over weekend sandbar rules

Tour operators grizzle over weekend sandbar rules

| 11/11/2014 | 0 Comments

(CNS Business): Small tour operators say that they are not benefitting from the increase in cruise ships visiting Cayman at weekends because the major operators are getting the bulk of the business as a result of limits on commercial trips to Stingray City and the Sandbar. In an effort to both ease the pressure in […]

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New manager for Chamber Pension Plan

New manager for Chamber Pension Plan

| 11/11/2014 | 0 Comments

(CNS Business): The Chamber of Commerce Pension Plan has appointed Randall Fisher as the new director of operations, and Paul Schreiner has been elected to be the next chairperson for the Board of Trustees. Fisher, who has been serving as the acting office manager since July, has over 25 years of experience in the financial services industry […]

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