Archive for October 7th, 2015

Insurance firm lays off local workers

Insurance firm lays off local workers

| 07/10/2015 | 0 Comments
(CNS Business): Despite upbeat press statements recently about the success of the captive insurance business in the Cayman Islands, one firm has laid off a number of local workers. Sources tell CNS that around four Caymanians have been made redundant from the local office of Marsh, but the firm is o [...]

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Tourism stands firm on B&B restrictions

Tourism stands firm on B&B restrictions

| 07/10/2015 | 41 Comments
(CNS Business): The Cayman Islands appear to have no plans to relax the licensing, inspection or tax rules for local people offering bed and breakfast accommodation to visitors in their own homes. In a short statement, Department of Tourism officials told CNS Business, “The Cayman Islands Touri [...]

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Digicel ditches plans for shares sale

Digicel ditches plans for shares sale

| 07/10/2015 | 0 Comments
(CNS Business): Regional telecommunications provider Digicel has ditched its plans for an international public offering of its shares, the firm said Tuesday, despite what it claimed had been “significant support … from a high quality group of investors during the marketing period”. Digicel sa [...]

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$51B of US corporate profit held in Cayman, says report

$51B of US corporate profit held in Cayman, says report

| 07/10/2015 | 4 Comments
(CNS Business): The latest report on the use of tax havens making headlines around the world claims that $51 billion of corporate profits for Fortune 500 companies made in 2014 is held in the Cayman Islands. Describing Ugland House in George Town as a symbol of the “excesses of the world of corpo [...]

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