Archive for May, 2015
Shetty hospital hopes for major patient jump
(CNS Business): Health City Cayman Islands marked a major milestone on Wednesday when it announced that it had received accreditation from the Joint Commission International (JCI). This means that Dr Devi Shetty’s first and only hospital outside India can now begin to target the US market in earnest as first intended. The hospital’s goal is […]
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 […]
Unethical businesses must adjust to new copyright laws
(CNS Business): Modernising Cayman’s copyright laws will bring financial benefit to the islands but it will impact some local businesses and they will have to adjust or find another line of business, according to Commerce Minister Wayne Panton. He said, “You can’t have your cake and eat it too.”
‘LIME’ brand to be replaced by ‘Flow’
(CNS Business): Cable & Wireless Communication (CWC) officials said it’s time to say “goodbye” to the brand name LIME and “hello” to the new brand name Flow. LIME’s parent company, CWC, announced on Wednesday it will soon change its name to FLOW in the Cayman Islands and other markets throughout the Caribbean. This announcement comes […]
Student programme to encourage careers in financial services
(CNS Business): The launch of a new student education and work experience programme is set to spark early engagement for Caymanian students interested in careers in the financial services industry. The 12-week programme targets Year 12 students who are job-ready and aims at putting more young professionals to work in this industry.
$5M invested in MRI machine
(CNS Business): The Cayman Islands Hospital’s new magnetic resonance imaging (MRI) machine has set the bar high for the standard of medical imaging in the Cayman Islands. The Health Services Authority (HSA) and members of 3T Cayman said the brand new 3.0 Tesla MRI machine puts Cayman firmly on the map when it comes to […]
Plans to breathe life back into Cayman capital
(CNS Business): The Cayman Island’s Government said that after watching the steady drain of life from George Town, it’s time to bring it back. Planning Minister Kurt Tibbetts said the government has committed to spending $20 million over the next four years on infrastructure projects.
Tourist stats breaking records
(CNS Business): The Cayman Islands’ tourism industry continues to boom and break records. The Department of Tourism stated stay-over visitors numbers for the first quarter of 2015 are the best in recorded history for the Cayman Islands. The data shows the island welcomed 115,640 stay-over visitors in the first quarter. That’s more 6,234 people when compared […]
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