Archive for September, 2016
Bolt signs up as Digicel’s speed chief
(CNS Business): Triple-triple Olympic champion Usain Bolt has signed a lifetime partnership agreement with telecommunications company Digicel as its chief speed officer (CSO). Bolt “will get up close and personal with Digicel customers in a number of ways”, the regional telecommunication company said, as it seeks to capitalise on Bolt’s fame and speed. The unique […]
UK bill to open details on multinational tax avoidance
(CNS Business): A legislative amendment in the UK this week will give the British government the power to publish details of tax payments made by UK-based multinational corporations on a country by country basis, as tax authorities try to clamp down on the abuse of tax laws and aggressive tax avoidance. The change in the […]
DCI steps up oversight of local expat businesses
(CNS Business): The Department of Commerce and Investment has introduced tighter controls to “better uphold” the legislation that governs the regime surrounding Local Companies (Control) Licences. Companies that are created with international and Caymanian partners remain a controversial area for government as allegations of fronting persist. From 1 September, Caymanians who participate in potential business […]
Developers select golf course contractors
(CNS Business): A Florida-based general contractor has been named as the developers of the much-anticipated Ironwood golf community to work on the proposed golf course and infrastructure works, officials said Monday. Described as a $1.1 billion development around an Arnold Palmer golf course, the developers have been in discussions with the current and previous government […]
Golden Spoons Review: Vivo
(CNS Foodie): Vivo, West Bay’s only health-conscious café with vegan, vegetarian, gluten-free and dairy-free options is fortunate to offer a stunning ocean view out on North West Point. Located in the Lighthouse Point building, next to Dive Tech, you can come for breakfast, lunch, dinner or even just a fresh juice or sunset cocktail. They […]
CIG plans to measure pirates’ ‘gold’
(CNS Business): The Ministry of Tourism has announced plans to conduct an economic impact assessment of this year’s Pirates Week to measure how much gold the pirate festival really brings in. The last assessment of the event, conducted well over a decade ago in 2002, identified 11,000 unique visitors, but since then the event has […]
Trust conference to attract overseas experts
(CNS Business): Over 150 trust and private wealth specialists from Cayman, the United Kingdom and the United States will be attending a day-long conference on Grand Cayman next month, bringing a small but welcome boost of business during the low tourism season as well as promoting the off shore sector. The major trust and private […]
CUC begins to shape future energy plan
(CNS Business): The monopoly power provider on Grand Cayman has brought in consultants to begin drawing up potential future plans for CUC to consider to maintain a safe, reliable and viable electricity supply for the next three decades. Integrated Resource Plan (IRP) will set out a proposal for renewable energy and consider what the technological […]
Italy places Cayman on ‘whitelist’
(CNS Business): Cayman’s financial services industry received a boost last month when the Italian government revealed that it now has the jurisdiction on its whitelist. As a result of a European assessment of offshore financial centers, Cayman had ended up, local officials believe unfairly, on the blacklist of a number of European countries. The CEO […]
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