Archive for November 22nd, 2016
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, […]
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