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

Archive for November, 2015

Cayman to get another shot of Margaritaville

Cayman to get another shot of Margaritaville

| 11/11/2015 | 8 Comments

(CNS): The Treasure Island hotel in the heart of Grand Cayman’s tourist district is to become a full-scale Margaritaville Resort, new owners have said. Howard Hospitality Group (HHG) has bought the site, which was on sale for just over $15 million, and said it is already planning a major redesign and renovation of the building to […]

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CUC’s profits heating up with increased sales

CUC’s profits heating up with increased sales

| 10/11/2015 | 0 Comments

(CNS Business): Large commercial sales, warm weather and a growth in customers have accounted for increased sales and profits for Grand Cayman’s power provider. Earnings for CUC for the nine months ended 30 September increased by more than $1.3 million compared to last year, the company said in its third quarter report published this week. […]

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Hurley’s scoops up rival radio stations

Hurley’s scoops up rival radio stations

| 08/11/2015 | 9 Comments

(CNS Business): Hurley’s Entertainment has expanded its media empire with the purchase of two radio stations from Paramount Media. Coming on the heels of the firm’s purchase, with the help of Dart financing, of the television channel Cayman27, Hurley’s announced Thursday that it had acquired Vibe and Spin FM, subject to approval by the Information and Communications […]

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Summer visitors fall but annual figures remain steady

Summer visitors fall but annual figures remain steady

| 08/11/2015 | 1 Comment

(CNS): Although the Cayman Islands saw a dip in arrival numbers this summer by air and sea compared to last year, so far the overall figures for both cruise passengers and overnight guests are still higher this year than 2014, a year in which Cayman recorded its highest number of overnight visitors since records began. Between […]

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Appleby shuts London office after MBO Review

Appleby shuts London office after MBO Review

| 06/11/2015 | 5 Comments

(CNS Business): Law firm Appleby has closed its London office, breaking its link with the City, in the wake of the management buyout (MBO) of its trust and fiduciary business. For offshore law firms, keeping an office in the Square Mile is a matter of some prestige and most of the major firms do so, […]

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Two young Caymanian start as articled clerks

Two young Caymanian start as articled clerks

| 05/11/2015 | 1 Comment

(CNS Business): Walkers has added two new articled clerks to their training programme, bringing the number of current articled clerks in their Cayman office to six. Since 2002, the law firm has trained 31 articled clerks, all of whom went on to be admitted attorneys, Walkers said in a release. Sarah Dombowsky and Christopher Dibben began […]

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Development bank offers loans to SMEs and public servants

Development bank offers loans to SMEs and public servants

| 04/11/2015 | 14 Comments

(CNS Business): The Cayman Islands Development Bank (CIDB) has introduced two loan programmes, one designed for small- and medium-sized enterprises (SMEs) with proven track records for at least two years, and the other for public sector workers who want to consolidate their high-interest rate debt. Wayne Panton, the minister responsible for financial services and commerce, said […]

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Financial industry waking up to scale of cyber threat

Financial industry waking up to scale of cyber threat

| 03/11/2015 | 0 Comments

(CNS Business): Cyber security is fast becoming the number one global business concern, and with hedge fund managers seen as being particularly susceptible, a sustained attack on the industry could have a major systemic impact here, as experts warn that Cayman firms are already being targeted by cyber-criminals.

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US now more secret than Cayman

US now more secret than Cayman

| 02/11/2015 | 15 Comments

(CNS Business): Despite the constant criticism of the Cayman Islands as a so-called tax haven by US politicians and media, in the latest edition of the Financial Secrecy Index, compiled by the Tax Justice Network, the United States is placed above the Cayman Islands in its rankings. The report, which comes out every two years, […]

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