Archive for July, 2017
Golden Spoons Review: Ragazzi
(CNS Foodie): Ask anyone for a top 10 list of restaurants in Cayman and Ragazzi is sure to be on every one. Not only is it a longstanding, Italian mainstay in the heart of Seven Mile Beach, but also its reputation for fine dining makes it a “go to” for residents and visitors alike. Having […]
Rivers begins job as advocate for offshore sector
(CNS Business): The new financial services minister began her work as a voice for Cayman’s offshore sector during the recent visit to the UK for the Brexit meetings with the overseas territories. Tara Rivers was also advocating for the financial services industry, which she now has responsibility for in the new coalition government.
Carnival to bring jobs as well as fun
(CNS Business): With a trip down memory lane for many local people and a new experience for others, local businessman Matthew Leslie is promising to bring all the fun of the fair to Cayman at the end of this year as well as jobs and businesses opportunities. Leslie said he is in the process of […]
Small businesses concerned over cost of finance
(CNS Business): The president of the Cayman Islands Small Business Association (CISBA) has said that financial institutions are setting up entrepreneurs for failure because of the cost of loans. This was one of a number of issues that Dawn McLean-Sawney raised with the new minister for commerce, Joey Hew, when he visited the offices recently.
US court case to examine losses of Ritz investors
(CNS Business): A legal case in the South Dakota Supreme Court is scheduled to hear arguments this week on how a charitable foundation created by Marvin Schwan, a US frozen food magnate, lost around $600 million in offshore real estate ventures, including cash invested in the Ritz-Carlton, Grand Cayman. Schwan’s sons are trying to establish what […]
GT hotel projects begin planning process
(CNS Business): Two new hotel development projects on the coastline along North Church Street in George Town have begun the planning process after one project was listed to be heard at this week’s Central Planning Authority meeting and developers for a second recently announced that they had submitted plans. NCB Investments is making a rezoning application […]
Travel agents weather the internet storm
(CNS Business): With all the online options for booking flights and hotels, it would be understandable to think that the days of the good, old-fashioned bricks-and-mortar travel agent have gone the way of the dodo. But while the rise of travel websites has siphoned off business and thinned the market somewhat, Cayman is still home […]
Golden Spoons Review: Southern Spice
(CNS Foodie): When you think of getting chicken at Baytown Plaza on West Bay Road, a famous franchise often comes to mind. However, just a few steps away you can get a curried version of that fowl, plus many other meats (for you carnivores), cooked with all sorts of herbs and spices from India. Southern […]
Bars need inspections ahead of renewals
(CNS Business): Liquor licence holders in the Cayman Islands have just one month before their annual renewals are due. Licence holders, including those with music and dancing licences, that want to carry on having the right to sell booze need to submit their applications before Friday, 18 August. Before they can submit renewals, their premises must […]
Cayman committed to maritime improvements
(CNS Business): A message from the new financial services minister to delegates at a shipping conference in Cayman last week pointed to the committment of the Maritime Authority of the Cayman Islands (MACI) to make life at sea safe, minimise ship pollution and encourage optimal living and working conditions on board ships.
DoT launches wedding magazine
(CNS Local Life): The Cayman Islands Department of Tourism (DoT), in partnership with a US publisher, has released the first issue of a glossy magazine devoted to all things wedding-related in Cayman. Cayman Vows was launched in both print and digital versions on 11 July, with 40,000 copies destined for newsstands in Canada and Barnes […]
CIMA names two new deputy heads
(CNS Business): The Cayman Islands Monetary Authority (CIMA) has promoted two staff members to top positions within the organisation, as of 1 June 2017. Suzanne Sadlier was named deputy head of the Insurance Supervision Division and Judiann Myles was appointed deputy head of the Compliance Division. Sadlier has been a reinsurance specialist at CIMA since joining […]
Non-profit law cuts fees for charities
(CNS Business): The implementation of the new Non-Profit Organisation Law, 2016 on 1 August will pave the way for charities and non-profit entities to avoid government fees. The law is part of a raft of new legislation passed in order to steer Cayman safely through the jurisdiction’s Caribbean Financial Action Task Force evaluation in December.
Imports fall by 2% in 2017’s first quarter
(CNS Business): The total value of all goods imported into the Cayman Islands in the first quarter of 2017 was CI$207.8 million, a drop of some CI$4.3 million compared with the same period last year. Officials from the Economics and Statistics office said the decline was due to a 6.1% reduction in the total value of […]
Chamber commits to cooperate over disaster relief
(CNS Business): The Chamber of Commerce has signed a statement of purpose alongside Caribbean Central American Action (CCAA), Hazard Management Cayman Islands (HMCI) and Cayman Islands Tourism Association (CITA) to beef up coordination over disaster preparations. “It is vital that we are prepared for any natural disaster,” said Chamber CEO, Wil Pineau.
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