Photo of the Remarkables mountain range in Queenstown, New Zealand.

Archive for March, 2015

There’s no hiding from Uncle Sam

There’s no hiding from Uncle Sam

| 13/03/2015 | 2 Comments

(CNS Business): Even if you’re living in the Cayman Islands, the US tax authorities can come knocking on your door if you are not in compliance with the Foreign Account Tax Compliance Act (FATCA), US taxpayers residing in the Cayman Islands learned at a free seminar on Wednesday at the Caribbean Club. The free informational meeting, […]

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Popular GT restaurant closing down

Popular GT restaurant closing down

| 12/03/2015 | 6 Comments

(CNS Business): After more than a decade of serving the people of the Cayman Islands and tourists from all over the world, Breezes By the Bay restaurant will close its doors on 3 April. Breezes has been a landmark for the George Town waterfront for the past 12 years. However, the Tropical Trader Restaurant Group has […]

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Redesign of ORIA unveiled

Redesign of ORIA unveiled

| 10/03/2015 | 16 Comments

(CNS Business): The Cayman Islands Government said it’s time for residents and tourists to experience a world-class airport, and they hope to do just that with their brand new design of Owen Roberts International Airport. On Monday government and airport officials unveiled the new concept of a state-of-the-art airport, with a price tag of $55 […]

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TCI changes time zone

TCI changes time zone

| 10/03/2015 | 1 Comment

(CNS Business): The Turks and Caicos Islands have switched from the long followed Eastern Standard Time (EST) to Atlantic Standard Time (AST) to allow the islands’ winter season visitors an additional hour of sunlight before nightfall.  The move took place on Sunday and the islands are now aligned with Eastern Caribbean islands like Barbados, Guadeloupe and […]

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Two RICS initiatives adopted by CI

Two RICS initiatives adopted by CI

| 09/03/2015 | 0 Comments

(CNS Business): Two new RICS initiatives, recently adopted by the Cayman Islands, are set to bring a new level of standards to property valuation to the islands and across the Caribbean. After talks between the RICS, Cayman Islands’ Lands & Survey Department and the Valuation & Estates office, Cayman officially adopted the new standard for […]

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Cayman voted best hedge fund services jurisdiction

Cayman voted best hedge fund services jurisdiction

| 09/03/2015 | 0 Comments

(CNS Business): Minister of Financial Services Wayne Panton said the Cayman Islands is now the preferred place for doing business, after being voted the Best Hedge Fund Services Jurisdiction at the 2015 Hedge Global Awards in London.

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Jobs benefits survey confidential, says PwC

Jobs benefits survey confidential, says PwC

| 06/03/2015 | 0 Comments

(CNS Business): On Friday officials from PricewaterhouseCoopers Human Capital Consulting Ltd (PwC) stressed that the value and need for a compensation and benefits survey is more crucial than ever for the Cayman Islands’ workforce. Alistair McNeish, Managing Director of PwC, stated at a the official launch of the PwC and CISHRP Compensation Benefits Survey conference […]

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Revitalization of George Town critical

Revitalization of George Town critical

| 06/03/2015 | 0 Comments

(CNS Business): Cayman Island Government leaders are emphasizing for the need for partnership with private sectors to work together to improve downtown George Town. On Thursday the Royal Institution of Chartered Surveyors held it’s second RICS Property Conference, with around 200 government officials and industry leaders at the Grand Cayman Marriott Beach Resort.

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Cuba hot topic at Cayman’s tourism conflab in NY

Cuba hot topic at Cayman’s tourism conflab in NY

| 06/03/2015 | 2 Comments

(CNS Business): Emerging markets such as Latin America, Germany and China, as well as the USA’s relaxation on visitation to Cuba and its impact on the Caribbean marketplace were top areas of discussion this week, when the Ministry and Department of Tourism headed to the Big Apple to discuss strategies for promoting tourism in the Cayman […]

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7MB property sales booming

7MB property sales booming

| 06/03/2015 | 0 Comments

(CNS Business): Cayman Islands’ 2014 Cayman Property Review revealed a 120% increase in areas such as Seven Mile Beach condominium market, a drastic change when compared to beachfront condo sales in 2013. Charterland surveyors revealed in their analysis there was a total of 178 sales of SMB individual condos last year, compared to 81 sales […]

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Property & Construction Conference this week

Property & Construction Conference this week

| 03/03/2015 | 0 Comments

(CNS Business): RICS will host Cayman Islands Property & Construction Conference on Thursday 5 March at the Grand Cayman Marriott Beach Resort. Grand Cayman’s second property and construction conference is expected to draw a crowd of more than 200 attendees. 

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FirstCaribbean reports improved quarterly results

FirstCaribbean reports improved quarterly results

| 03/03/2015 | 0 Comments

(CNS Business): CIBC FirstCaribbean is reporting a net income of $26.6 million for the three months ended 31 January 2015, its best quarterly financial performance in four years. However, the bank also says it had a decrease in total revenue of $7.3 million year-over-year. Commenting on the quarterly results, Rik Parkhill, CEO for CIBC FirstCaribbean, stated […]

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Seminar to help US tax payers

Seminar to help US tax payers

| 03/03/2015 | 0 Comments

(CNS Business): A free seminar designed to help US taxpayers residing in the Cayman Islands will be held on 11 March. This informational meeting called, “Navigating US Tax Requirements and Strategic Methods of Coming into Compliance”, will explain the most recent US tax filing and reporting requirements under FATCA, as well as how to report […]

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DoT scoops multiple awards for PR

DoT scoops multiple awards for PR

| 03/03/2015 | 0 Comments

(CNS Business): The Cayman Islands Department of Tourism recently received top honours at the 2015 annual Adrian Awards in NYC, taking home a platinum, gold and bronze award for their superior marketing, public relations and advertising initiatives. 

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Compensation and job benefits survey for Cayman

Compensation and job benefits survey for Cayman

| 02/03/2015 | 0 Comments

(CNS Business): Officials from PricewaterhouseCoopers (PwC) and the Cayman Islands Society of Human Resource Professionals (CISHRP) will meet this Friday to discuss the first Compensation and Benefits Survey conducted by these two organisations.

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