Archive for January, 2016
Bar Association pleads for lawyers law
(CNS Business): Yet another year has passed with no sign of a modernised law dealing with the legal profession and, as the current president of the Caymanian Bar Association, it was Abraham Thoppil’s turn this year to urge government to address the issue. In his speech at the opening of the Grand Court Wednesday, he called it “a […]
Airport progresses despite rain delaying work
(CNS): Workers have begun erecting the 29,000 square foot steel framed building at Owen Roberts International Airport, the first phase in the expansion plan, which is on schedule despite the weather. Heavy rains in December caused a few delays to the groundwork but the project is on track, according to officials. The Cayman Islands Airport Authority […]
Tech zone tenant offers to train locals in specialist work
(CNS Business): A manufacturing company which makes special purpose components for the information and communications technology sector has said it is looking to train two or three local science graduates for jobs at the company. According to a release from Cayman Enterprise City (CEC), Fabrilink SEZC, a tenant in the designated special economic zone, intends […]
Arrivals soar to new record highs
(CNS): Over 2.1 million visitors arrived in Cayman during 2015, making it, as expected, another record-breaking year. Both cruise and air arrivals were up during the last twelve months, with 385,379 total air arrivals, a marginal 0.67% increase over 2014. However, this was not only the most arrivals since records began but the ?th year in […]
Regulation of movie showings updated
(CNS): The local Film Control Board now has the authority to rate films being shown in Cayman, as the Film Exhibition Control Law (2015) came into effect 1 January. Cabinet has appointed Rita Estevanovich (chair), Tonie Chisholm and Andrew Ebanks to the board for a period of three years. The law also calls for the Department of Commerce […]
Clinton takes aim at Cayman on campaign trail
(CNS Business): Democratic presidential hopeful Hillary Clinton has said that the US government must “go after” tax avoidance schemes that route “income through the Bahamas or the Cayman Islands”, even though she and her husband, Bill Clinton, have both received income from companies doing business here.
Government confirms new booze board members
(CNS Business): A new line-up of faces will be on the Liquor Licensing Board as it moves into a new legislative regime following the implementation of the amended law this month. After more than a decade heading up the board, Mitchell Welds has been replaced by Campbell Law, Corporate Manager at Higgs & Johnson Corporate Services […]
Local college under scrutiny for new accreditation
(CNS Business): The International College of the Cayman Islands (ICCI) is making a bid to be approved by the International Assembly for Collegiate Business Education (IACBE), a professional accrediting organization for college and university business courses. The college’s MBA, MSc in management and its BA in Business Administration, as well as its business associates degree […]
Tourism on track for another record-breaking year
(CNS Business): The number of tourists visiting the Cayman Islands by air increased again in November, placing the destination on track for another record-breaking year for stay-over tourism. Despite a few dips in the summer months in 2015, the very marginal increase in November keeps the arrival figures on the plus side. The 0.24% increase on […]
Business owners warned over new fines
(CNS Business): Owners who breach business licence requirements risk receiving tickets for fines from $100 to $2,500 now that the new trade and business license law has come into effect, officials from the ministry of commerce have warned. The amended legislation includes penalties that will be levied on business owners who commit offences ranging from failing […]
Law firm splits from financial arm in buyout
(CNS Business): A management buyout of Appleby Fiduciary Business (AFB) by the private equity firm, Bridgepoint, at the end of 2015 has split the financial branch from the Appleby Group, creating two independent businesses. Farah Ballands, who will lead the AFB team as chief executive officer, said the deal was down to the growth of […]
Register hopes for flurry of cruise ship business
(CNS Business): Commerce Minister Wayne Panton is hoping that the amendments to the gambling law that came into effect on 1 January will steer in new business for the shipping registry. As well as creating a lawful regime for raffles by nonprofit organisations locally, the changes allow for gambling on cruise ships that are registered in the […]
No take-off yet for proposed new airline
(CNS) BlueSky Airlines, which had originally planned to launch last summer, is still looking for planes to lease and is not expected to get off the ground until the second quarter of 2016, almost a year later than planned. Chief Commercial Officer Mark Ellinger said the firm was making progress towards launching scheduled flight operations […]
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