Archive for October, 2016
Cayman hotel closure causes holiday blues for visitors
(CNS Business): Families planning on visiting the Cayman Islands over the coming weeks and months say they cannot track down the owners or managers of the now bankrupt Riviera hotel in South Sound. Two UK-based families who were expecting to stay at The Riviera over Christmas told CNS Business that they are facing the prospect […]
CSX slashes listing transfer fees to win European business
(CNS Business): The Cayman Islands Stock Exchange has made a play to capture listing business from Europe, where issuers have been hit by additional red tape relating to market issues, while slashing the costs of transferring debt listings to Cayman. New legislation in the European Union to tackle market abuse and insider information has significantly […]
Golden Spoons Review: Fidel Murphy’s Public House
(CNS Foodie): It has been a while since I had last eaten at Fidel’s so I was very much looking forward to sitting down with a pint and some pub grub, as were my companions. The place was fairly empty on the Saturday we were there, but it was admittedly an odd hour, arriving about […]
Industry analysts find Flow fastest local provider
(CNS Business): Independent telecoms analyst Ookla, which operates speedtest.net, an online portal that measures internet speeds, has found that Flow has the fastest broadband and mobile services in the Cayman Islands, based on raw data records for the past six months. Regardless of ongoing complaints that internet service in the Cayman Islands from all of […]
Plug pulled on local electrical contractors
(CNS Business): As many as 60 people could have lost their jobs after a leading electrical firm went bust. MEPCO, which was created in 2008 and owned by local businessmen Jimmy Laurenson and Michael Brown, is now in the hands of liquidators. Despite having a significant presence on the island and what appeared to be […]
LPB: Nothing said, nothing gained
101 writes: “There is an urgent need for the profession to address law school scholarships, articles of clerkship, hiring opportunities, equitable distribution of billable work, marketing and networking opportunities, attendance and contribution to conferences, being mentored and training others, continuing legal education, work experience overseas, and preparation for and participation in leadership and ownership of […]
Golden Spoons Review: XQ’s Bar and Grill
(CNS Foodie): If you haven’t checked out this long-standing bar/restaurant/lounge yet, no more XQses! This oldie but goodie happy hour spot has a lot to offer, not the least of which is a great bar, casual atmosphere and some pretty awesome pizza.
Frustrations mount over GT waterfront project
(CNS Business): Following confirmation last week that the Central Planning Authority had conceded that planning permission had been granted in error for a waterfront development in George Town, the neighbouring landowner who had appealed the CPA’s decision to grant permission has raised his concerns that the project is continuing. Chris Johnson has said he wants […]
Cayman stays on top of offshore merger deals
(CNS Business): One third of all merger and acquisition deals in the offshore world in the first half of this year took place in the Cayman Islands, according to a report by a firm of international lawyers headquartered here. Cayman retained its standing as the primary target of offshore transactions accounting for 40% of the […]
Lawyers’ law delayed as small firms ask for time
(CNS Business): The financial services minister has postponed the debate on the still controversial Legal Practitioners bill until the next meeting of the Legislative Assembly because of a request by some small and sole practitioners who want more time to submit suggestions that specifically impact their sector of the profession. Wayne Panton, who was hoping […]
UN expert calls on new boss to abolish tax havens
(CNS Business): The new United Nations Secretary-General, António Guterres, is being asked by one of the body’s human rights experts to call a world conference on tax avoidance and evasion, with the goal of abolishing all tax havens. The UN’s independent expert on the promotion of a democratic and equitable international order, Alfred de Zayas, […]
DoT pays consultants $68K to make new plan
(CNS Business): The Department of Tourism has turned to a Washington-based consultant company to deliver a new National Tourism Plan for the Cayman Islands that officials say will chart a sustainable course for the sector over the next five years. The contract worth CI$67,937.52 was awarded to Solimar International following an open competitive tender process […]
C&W reveals capability upgrade to Cay-Jam fibre network
(CNS Business): Cable and Wireless has said that it is starting an upgrade project this weekend adding 100Gbps capability to the Cayman-Jamaica Fiber System (CJFS) and the cable landing station at Eastern Avenue, George Town. This increased capability is designed to complement the firm’s increased Maya-1 cable system capacity, which lands at High Rock in […]
Ministry refutes water firm’s gripes
(CNS Business): Complaints from Cayman’s private sector water supplier over new legislation designed to properly regulate all utilities on the islands have been address by the planning minister in a very long detailed letter. Consolidated Water Cayman had written to the ministry that has responsibility for water and other utilities complaining that it had not […]
Britain’s OT minister backs Cayman’s offshore sector
(CNS Business): During her recent trip to the Cayman Islands, Baroness Anelay attempted to soothe fears that pressure from the world’s most powerful economies for increasing transparency in the offshore sector will eventually undermine the financial services success in jurisdictions like Cayman. When the UK’s overseas territories minister met with members of Cayman Finance, she […]
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