Archive for November, 2016
Golden Spoons Review: Jessie’s Juice Bar
(CNS Foodie): Browsing around Camana Bay, you may have crossed this small hub of healthy grub a few times. Located near Anytime Fitness on the north end of Market St, with a vintage bicycle propped at the entrance, is Jessie’s Juice Bar. When you hear the term ‘juice bar’, you may think of a place […]
Panton talks de-risking with US lawmakers
(CNS Business): Financial Service Minister Wayne Panton is continuing to talk with US lawmakers about how the move by American banks to drop money service business clients is impacting the Caribbean region and is seeking a way to address the problem. The banks’ efforts to comply with more stringent guidelines regarding money laundering has seen […]
Cayman Finance boss talks transparency with BBC
(CNS Business): Appearing on ‘Business Live’ on the BBC’s World News channel earlier this month, Jude Scott stressed that Cayman is not a tax haven but a tax neutral jurisdiction. The CEO of Cayman Finance pressed home the continued claim that Cayman is a transparent jurisdiction where the financial industry is held to the highest […]
New Year fines for owners who fail to renew TBLs
(CNS Business): Owners who are operating businesses using expired licences will be subject to fines under the Trade and Business Licensing Law (TBL) in the New Year, the Department of Commerce and Investment has warned. Government will be clamping down in January and businesses owners who allow their licences to expire without renewing on a […]
Government encourages women into business
(CNS): The Ministry of Education, Employment and Gender Affairs is hosting a ‘Lunch and Learn’ session on Wednesday, 30 November, to promote women in business to mark Women’s Entrepreneurship Day. Gender Affairs Minister Tara Rivers said economic participation was crucial to gender equality and the lunch was aimed at celebrating women who own or lead […]
C&W appoints new CEO to manage transition
(CNS Business): The regional communication company Cable &Wireless Communications has appointed John Reid as CEO of the company to manage its transition after Liberty Global bought the firm earlier this year. Reid will be based in Miami and is tasked with aligning the former UK-based company with Liberty’s Latin America and Caribbean division, according to […]
Schwarzenegger to star at Cayman investment conference
(CNS Business): Actor and former California governor Arnold Schwarzenegger will be visiting Cayman in February as the keynote speaker for the Cayman Alternative Investment Summit (CAIS). Schwarzenegger left politics in 2011 but he continues to be an advocate of sustainable energy and was a leading voice at the Paris climate conference last year. In an ironic twist, […]
Golden Spoons Review: Star Island
(CNS Foodie): Star Island on Cayman Brac is not a dinner venue. If you arrive for dinner you will likely find yourself at the only occupied table watching a series of customers collect take-away orders in an otherwise empty restaurant, which doesn’t make for the best ambience. Arrive at lunch time on a weekend and […]
Tourism heading for another great year for visitors
(CNS Business): At the end of September almost 300,000 overnight guests had already visited Cayman this year, setting the tourism sector on track for another great year. Last year was the best year since the Department of Tourism began keeping official records and this year is likely to come very close to those numbers. Speaking […]
BOTs jittery over Brexit and EU clampdown
(CNS Business): Britain’s loss of influence in the EU as a result of ‘Brexit’ could leave Cayman and other offshore jurisdictions exposed to tougher offshore tax rules. In addition to the problems of gaining access to the business in Europe, Brexit poses a challenge to Cayman in that the UK will no longer be in […]
CIG to use private sector more in fleet maintenance
(CNS Business): The government has said it will be using the private sector more when it comes to the maintenance of its small vehicle fleet but ongoing reviews of the public sector, which are currently focused on planning ministry departments, are a long way from privatization. Officials said the roll-out of the CIG Vehicle Standardisation, […]
Plans to cut dredging go to cruise lines
(CNS): The tourism ministry councillor, Joey Hew, has claimed that the cruise port’s new design reduces the dredging footprint, as government prepares to begin the tender process for the controversial project, which it maintains will be underway before the election. With the tourism ministry’s review of the revised design plans completed, Hew said they had […]
Lawyers accuse CIG of secrecy over LPB
(CNS Business): Efforts by Financial Services Minister Wayne Panton to steer through legislation to govern the Cayman Islands legal profession ahead of the next Financial Action Task Force review and after 15 years of failed attempts by previous governments have been undermined by more complaints from the sector. Four local attorneys have accused the ministry […]
Cayman promotes its new intellectual rights regime in US
(CNS): Officials from the Cayman Islands Intellectual Property Office (CIIPO) are heading to Florida this week to promote the country’s new regime. Deputy Registrar General Donnell Dixon said the invitation to the International Trade mark Association (INTA) Leadership Meeting was recognition of how important Cayman is in this market, despite only just having passed a […]
Power consumption and development fuels CUC
(CNS Business): CUC’s profits fell in the third quarter of this year by half a million dollars compared to last year due to higher depreciation and finance charges the company expected to sustain after completing its new generator project in June. The loses were partially offset by higher electricity sales revenue, the firm stated in […]
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