Archive for January, 2017
CAL flying twice weekly to Roatan
(CNS Business): Cayman Airways Limited (CAL) has announced the start of a new twice-weekly service between Grand Cayman and Roatan (RTB) in March. The new Boeing 737 nonstop flights will be in addition to the existing year-round flights to La Ceiba. CAL’s board chair, Phillip Rankin CPA, said the expansion into Roatan from 16 March […]
Minister optimistic over OECD assessment
(CNS Business): Financial Services Minister Wayne Panton says he is optimistic that the report on the local financial service sector’s compliance with international standards will be a good one. A team of assessors from the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes visited Cayman earlier this month to conduct the peer review […]
Fidelity drops debate from conference
(CNS Business): Although this is an election year in Cayman, the annual economic conference organised by Fidelity Bank will not include a panel debate or a head-to-head with politicians. The Cayman Economic Outlook conference will, as usual, include an address from the premier but there will be no panel debate and no other politicians in […]
Golden Spoons Review: Taste Buds
(CNS Foodie): If you are ever in the mood for some traditional Jamaican style food to order and carry out, Taste Buds is the place to go for some sumptuous food for good value. This cook shop is tucked away in the corner of Murryson Plaza off Eastern Avenue but you can’t miss it as […]
Minister aims for business compliance
(CNS Business): Starting this month, the Department of Commerce and Investment will be clamping down on rogue businesses who have not paid for their trade and business licences or who are not compliant with the other laws. Commerce Minister Wayne Panton said he wants to see a level playing field in the local business environment. […]
CUC to close George Town HQ payment centre
(CNS Business): Customers of CUC will no longer be able to pay their bills at the CUC head office in North Sound Road or its office at the Caribbean Plaza. In a circular sent out this week, the firm said it was changing the way it does business to focus on “delivering enhanced services in […]
Margaritaville Resort to open February
(CNS Business): The new Margaritaville Beach Resort on the West Bay Road is almost ready to open, officials have revealed. The newly renovated hotel on the site of the old Treasure Island has begun taking reservations, ready to welcome guests at the beginning of next month in the first phase of development. The first guests […]
Glidden confirmed as CIMA’s banking boss
(CNS Business): The acting head of the Banking Supervision Division at the Cayman Islands Monetary Authority has been confirmed in the post. On 1 January Gloria Glidden was given the official title for a job she has be doing since last year. Officials said she would continue to provide supervision of both international and commercial […]
Trump’s Treasury pick failed to disclose Cayman funds
(CNS Business): US President-elect Donald Trump’s pick to be treasury secretary, the controversial former Goldman Sachs banker, Steven Mnuchin, failed to disclose nearly $100 million of his assets to the Senate Finance Committee, the US press is reporting. Mnuchin, known to most Americans as the man who foreclosed on thousands of people’s homes in the […]
China to ‘favour’ Cayman registered ships
(CNS Business): The United Kingdon and Chinese governments have signed a deal on behalf of the Cayman Islands that officials said will boost the competitiveness of the Cayman Islands Shipping Registry. Liu Xiaoming, the Chinese Ambassador to the UK, arrived in Cayman yesterday for a brief visit to confirm the deal, which bestows ‘Most Favoured […]
2016 cruise figures fall short on previous year
(CNS) Although 577 ships called at the George Town port during the last twelve months, the annual passenger figure has fallen short on the numbers recorded in 2015 by 4,959, according to statistics on the port authority website. In 2015, 575 ships brought 1,716,812 while an extra two vessels brought 1,711,853 last year. The figures […]
High hopes that lawyers bill will pass
(CNS Business): At the opening of the Grand Court Wednesday, Attorney General Samuel Bulgin and the leaders of the two legal professional bodies were all in agreement that the latest draft of the Legal Practitioners Bill was a compromise that most of the profession could support. The attorneys all expressed the hope that this year […]
CIMA releases 2015 Investments Statistical Digest
(CNS Business): The Cayman Islands Monetary Authority (CIMA) has released the 9th edition of the Investments Statistical Digest, which outlines the information that is required to be filed by all regulated funds via the Funds Annual Return (FAR), through CIMA’s electronic reporting systems, up to financial year ends December 2015. The document shows that while […]
Cayman holds bank de-risking discussions in DC
(CNS Business): Ministry of Financial Services and Cayman Islands Monetary Authority (CIMA) officials recently held a second round of meetings in Washington DC with key US Congressional staff, regulators and stakeholders about bank de-risking from the Caribbean perspective. The Cayman officials then contributed to Financial Stability Board discussions on an action plan to address the […]
Southwest flights to Grand Cayman to begin in June
(CNS Business): Southwest Airlines has filed an application with the US Department of Transportation to serve Grand Cayman’s Owen Roberts International Airport daily from Fort Lauderdale beginning 4 June 2017, provided the service receives requisite governmental approvals. On the same date, the airline expects to begin new daily nonstop service from Fort Lauderdale to Montego Bay, Belize and Cancun, […]
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