Archive for May 11th, 2015
CUC increases customers but earnings fall
(CNS): Grand Cayman’s power company reported a slight drop in sales during the first quarter of 2015, despite growing its customer base by some 2%. During the first three months of this year CUC saw 435 more customers connected to the grid than in 2014 and at 31 March it had 27,873 customers. But officials […]
Water firm racks up early profit from cut in power costs
(CNS Business): The private company that supplies West Bay with water and manages a desalination plant made a profit in the first quarter of 2015 despite a fall in sales because of a cut in its electricity bill. In a press release covering Consolidated Water’s first quarter results for 2015, company officials said total revenue […]
ICTA to set rules of local TV content
(CNS Business): The Information and Communications Technology Authority (ICTA) is changing the framework of licence obligations for cable TV and redefining what “local content” means for broadcast carriers in the Cayman Islands. The television regulators told CNS Business they are also looking into creating a universal service fund to collect fees from cable companies to […]
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