Archive for April, 2016
Law paves way for new offshore business
(CNS Business): The financial services minister steered a piece of legislation through the Legislative Assembly Wednesday that he said paves the way for a new type of business vehicle in the Cayman Islands, which has been driven by industry demand. The Limited Liability Company Bill, 2015, which was presented by Wayne Panton and passed unanimously […]
Minister points to worrying trend at EU grilling
(CNS Business): The Cayman Islands financial services minister says there is a worrying trend in attitudes towards offshore financial services in Europe that would go well beyond concerns about automatic exchange of information and public access to beneficial ownership. Wayne Panton said some European politicians appear to be reverting back to arguments from the 1990’s […]
Key workshops available at small businesses expo
(CNS Business): Workshops on the new Trade and Business Licensing Law, the minimum wage and social media use are just some of the events taking place at the 2016 Small Business Expo next month at the University College of the Cayman Islands. Now in its fourth year, the event which was hosted by the Department […]
Tourist sector hoping for more growth in 2016
(CNS): Elected for the third year in a row to serve as the Cayman Islands Tourism Association president, Kenneth Hydes from Dart Realty (Cayman) told members at the recent AGM that the industry was expecting “significant growth” in the tourism sector this year. The AGM last week included the election of directors and executives for […]
CIMA battles to find insurance chief
(CNS Business): The Cayman Islands Monetary Authority has struggled to find someone for the post of Head of the Insurance Division, officials said, citing fierce competition in the insurance sector as a contributing factor. At present, the post has been temporarily filled by Ruwan Jayasekera, who is very experienced and known to the industry, and […]
Golden Spoons Review: The Wharf
(CNS Foodie): I’d been to The Wharf for dinner once and was not too impressed but I decided to give it another try. Some things have changed, and others have not. The place is massive, so much going on for a Saturday night! Barefoot Man was the entertainment, and the Golden Girls & Gents loved […]
Chamber adds voice to police criticisms
(CNS Business): The Cayman Islands Chamber of Commerce is calling for the departing police commissioner to produce and publish a report detailing the difficulties within the Royal Cayman Islands Police Service. In a short statement from the Chamber Council, the members said that the change in leadership with David Baines’ departure presented an opportunity to […]
Ten storeys: setbacks and other restrictions
Stuart Rowe writes: A recent decision of the Grand Court has affirmed the relevance of the 1997 Development Plan within Cayman’s development and planning regime and in so doing has cast doubt over the Central Planning Authority’s ability to effectively deal with ‘high rise’ developments exceeding seven storeys in height.
CUC boss rings trading bell at Toronto exchange
(CNS Business): Richard Hew, the President and CEO of Caribbean Utilities Company, Grand Cayman’s private sector power provider, rang the bell to open the day’s trading on the Toronto Stock Exchange on Friday to mark the firm’s 50th anniversary celebrations and 25 years of trading on Canadian exchange. CUC, which marks 50 years of incorporation […]
Developers make golf course planning application
(CNS Business): Plans for an Arnold Palmer golf course, which is meant to be part of a new resort in the Frank Sound area of North Side, have been submitted to the Central Planning Authority but officials have confirmed that it is not a planned area development (PAD) application nor has an environmental impact assessment […]
Golden Spoons Review: Morgan’s
(CNS Foodie): If you cried like we did when we heard that Morgan’s Harbour was closing down, you may have jumped up and down like we did when it opened up again. Now simply called Morgan’s, the popular, rustic, seaside eatery is bigger and better than ever. So if you haven’t checked out the new […]
Law firm seeks to block ex-employees’ new jobs
(CNS Business): Appleby (Cayman) Limited has filed an application for a judicial review of a decision by the chief immigration officer, who granted rival firm Harneys temporary work permits for two of their former employees. Appleby claims that at the time, it still held work permits for Jonathan Bernstein and Ian Gobin, and that, according to […]
25-hour working week optimum for over 40’s
(CNS Business): Scientists in Australia have found that people over the age of 40 perform best when they work no more than three days or 25 hours per week. While most people of that age are lucky if they can do less than 45 hours a week, the research suggests that workers aged forty and over […]
CAL queries Mexican airspace fees
(CNS Business): The CEO of Cayman Airways says there are no records to support claims by the Mexican authorities that Cayman owes hundreds of thousands of dollars in fees for flying through its airspace and that talks continue to resolve the problem. Fabian Whorms explained that CAL, like other airlines, has received invoices from Mexico […]
Name change for accountants’ regulator
(CNS Business): The regulating body of Cayman’s accountancy profession has changed its name to to the Cayman Islands Institute of Professional Accountants (CIIPA). Formerly the Cayman Islands Society of Professional Accountants, the organisation says its new name, which was officially changed during a recent Extraordinary General Meeting, more accurately illustrates its critical role as regulator […]
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