Archive for February 19th, 2015
Butterfield introduces first chip and PIN cards to Cayman
(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 […]
Widening inequality gap will hurt CI economy
(CNS Business): The gap between the “haves†and the “have-notsâ€, 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.
Students tackle real life business problems
(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 […]
C&W dials up the profits during 3rd quarter
(CNS Business): Cable & Wireless Communications (CWC) announced group revenue was up 5% at $444 million when it released the results of its third quarter performance and financial position. The communication giant and parent company of LIME said mobile revenue was up 4%, driven by strong subscriber growth across Panama and LIME markets. The firm […]
HSBC whistleblower to appear at watchdog conference
(CNS business): Hervé Falciani, the man responsible for exposing the financial shenanigans at HSBC, has agreed to speak at this year’s OffshoreAlert, conference organisers have said. Falciani took reams of documents from HSBC Switzerland when he left seven years ago but they were only released into the public domain recently. The information fuelled a barrage of media […]
Investment digest published for 2013
(CNS Business): the Cayman Islands Monetary Authority has published its latest digest but the compendium of financial information is now more than a year old. While the regulator publishes much more up to date data on its site, the annual digest, which pulls together investment information, is usually one year behind. The data comes from […]
Exporters urged to enter regional trade awards
(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.
Sailing ship sticks with Brac call
(CNS Business): Cayman Brac has secured a more permanent place on the port of call list for the magnificent MS Star Flyer, a tall sailing ship which will be visiting the island in peak seasons on Wednesdays until 2016. An impressive spectacle with 16 white sails, the 370-foot luxury Swedish sailing ship carries up to […]
Weavering directors win appeal against $111M fine
(CNS Business): Three years after hearing the appeal, the Cayman Islands Court of Appeal delivered its much-anticipated ruling in the infamous Weavering case last week and threw out the record-breaking $111 million fine imposed by the trial judge. The appeal judges said that the behaviour of the directors, Stefan Peterson and Hans Ekstrom, in the […]
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