Archive for June, 2015
Cayman on new EU blacklist
(CNS Business) Updated: Government appeared to brush off the latest blacklisting of the Cayman Islands when it released a short statement on Wednesday at around 5pm following revelations by the EU that the jurisdiction had been cited as facilitating tax evasion.
Jamaica pushes as home to HSBC HQ
(CNS Business): British banking giant, HSBC, is considering relocating its headquarters out of the UK, and one Caribbean state is now vying for the spot. According to UK news organizations, the Jamaican government has contacted HSBC to established itself as a candidate.
Cruise numbers jump despite no dock
(CNS Business): Despite having an airport that is prone to overcrowding, air arrival numbers in the Cayman Islands continue to creep up, while the lack of a modern cruise ship terminal is not, apparently, stopping visitors from cruising their way to the islands. As the redevelopment of Owen Roberts International Airport (ORIA) takes shape and plans for the proposed cruise berthing […]
NWDA calls for Wine School applicants
(CNS Business): Future sommeliers or people interested in the hospitality industry will soon be able to take part in a wine training programme offered by the National Workforce Development Agency to learn all about the art of wine. The NWDA has partnered with Wine School 3 to offer several scholarships to NWDA members to help […]
New trustee for Chamber pension board
(CNS Business): Representing the Hospitality & Tourism Employee sector, accounting professional Nicole Makin was recently voted in as a new volunteer Trustee on the Chamber Pension Plan Board. Makin came to Cayman in 2005 to work as a credit manager for the Hyatt Regency Grand Cayman. She is now the financial controller at Grand Cayman Beach Suites.
Young business leaders celebrated
(CNS Business): Young business leaders were recognized and rewarded recently for their efforts at the 24th Annual Junior Achievement Awards Ceremony, one of the country’s oldest youth initiatives. At the Marriott resort, 12 students received awards for their performance as the top leaders in the areas of president, finance, HR, production, sales and a host […]
CEC seeking summer interns
(CNS Business): Cayman’s special economic zone is seeking young entrepreneurs to participate in their “Summer in the City” internship programme. Cayman Enterprise City (CEC) is inviting young professionals to apply for several internships that are available through the programme to “gain interesting experience with international zone companies; some in technology, others in media or commodities”, […]
Chamber wants boycott reversed, weekly paper to go daily
(CNS Business): The Chamber of Commerce has called on government to repeal its advertising boycott of The Cayman Compass that was passed in the Legislative Assembly this week, saying it “sets a dangerous precedent” and undermines the principle of a free press. Meanwhile, the public sector ad ban, which amounts to well over $1 million a […]
Watersports business warns against cruise dock proposal
(CNS Business): A recent Environmental Impact Assessment revealed that the proposed Grand Cayman cruise berthing facility in the George Town Harbour would devastate several acres of coral reef. “To destroy that is to destroy Cayman, and if the reefs go then so do the tourists,” a local diver told CNS Business. But an owner of […]
Webb scandal not representative of Cayman
(CNS Business): It’s been three weeks since the Cayman Islands was shoved into the international spotlight of a corruption scandal, with the arrest of now former CONCACAF president and FIFA vice president, Jeffrey Webb. “This isn’t a representation of the jurisdiction,” Cayman Finance CEO Jude Scott told CNS Business, maintaining that Cayman has no tolerance for corruption, money laundering […]
Lionfish speargun licences limited to 400
(CNS Business): Islands in the Caribbean continue to wage war against lionfish epidemic that is plaguing the their ecosystems; efforts also continue in Cayman to cull the threat from our reefs. However, with only 400 spears issued to licensed holders, restaurant owners told CNS Business, that’s not enough. In order to keep up with the demand […]
How ATM scammers steal customer information
(CNS Business): Devices that capture your debit card information at ATMs are becoming more popular with crooks. On a global scale, data reports show “ATM skimming” is on the rise, and its also plaguing local ATMs in the Cayman Islands. The fraud technique has already succeeded in stealing around $250,000 this year. CNS Business wanted […]
Fresh start for DREAM Nightclub
(CNS Business): The former DREAM Nightclub wants to erase the negative stigma that surrounds this establishment by changing its name to Club SMB. Located on Seven Mile Beach beside Peppers Smokehouse, the club will now operate under new management and plans to make their big debut on Friday 5 June with a launch party. Club […]
Solar farm coming to Health City
(CNS Business): Health City Cayman Islands is going green with the first ever 1.2 megawatt solar farm for a Caribbean hospital. Hospital officials said the solar farm will be one of the largest non-utility systems in the Caribbean and continues Health City’s commitment to utilising renewable energy technologies.
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