Archive for January 25th, 2016
Minister disappointed over daylight savings U-turn
(CNS Business): Financial Services Minister Wayne Panton has said he is disappointed that the Cayman Islands Government will not be going ahead with the decision to introduce daylight saving time in March. The minister told CNS Business it was “unfortunate” that the opposition to the plan had mounted recently in the face of a jittery world […]
Cayman battles to attract insurance business
(CNS Business): The ripple effects of health care reform in the United States and increasing competition from more than 80 captive domiciles around the world has required diligence by the industry to continue to attract new business, according to the Insurance Managers Association Cayman. However, IMAC Chair Kieran O’Mahony said he was confident that Cayman […]
Broken planes challenge CAL fleet
(CNS Business): Cayman Airways Ltd has said that problems over maintenance time, missing parts and damage by a ground vehicle in Tampa caused the many delays and cancellations over the holiday period and beyond. Over the last few weeks around 10% of flights were either rescheduled or delayed by more than two hours and 1% of flights were cancelled […]
Governor struggles to explain offshore sector
(CNS Business): Quizzed over what the Cayman Islands and its offshore sector means to the people of Britain, the governor struggled to answer Jacques Peretti in the documentary aired on the BBC in the UK on Friday evening. “Britain’s Trillion Pound Island”, in which the producer and filmmaker tried to understand how the financial services industry […]
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