Archive for September, 2017
Doctor sells paper to former bank boss
(CNS Business): Dr Steve Tomlinson has sold The Cayman Reporter to Ralph Lewis, the former head of the Cayman Islands Development Bank. The acquisition by Lewis, who also owns the more recent publication, Caymanian Times, comes after months of speculation that the Reporter was in dire financial trouble. Lewis refused to say, when asked by […]
Moses lauds NCL despite CIG plans to overhaul
(CNS Business): In a message to mark World Tourism Day, Minister Moses Kirkconnell has sung the praises of the National Conservation Law as an important element in Cayman’s commitment to sustainable tourism, which is this year’s theme. The tourism minister said the unanimous passage of the law marked “a significant milestone for the protection of our […]
Dart puts in plans for new Foster’s store
(CNS Business): Cayman’s largest land owner has announced yet another venture to expand its growing property empire. Dart Real Estate has submitted a planning application to build a supermarket at the northern end of Camana Bay, which Foster’s Food Fair has agreed to lease. According to a release on the company website, the 60,000 square feet of […]
Premier heads to Europe for more talks
(CNS Business): As pressure continue to mount from Europe regarding offshore financial services, Premier Alden McLaughlin is heading another group travelling to London and Brussels this week for more talks regarding the sector. Accompanying him are his back-bench councillor Austin Harris, political adviser Roy Tatum, Financial Services Minister Tara Rivers, Chief Officer Dax Basdeo, and […]
DMS hails proposed changes to fund governance industry
(CNS Business): A Cayman Islands based firm has welcomed proposed changes to the governance of UK Authorised Fund Managers (AFMs). DMS Governance hailed the proposed changes, which were published in response to a Financial Conduct Authority report that highlighted a number of concerns with the governance of AFMs.
C&W achieves security standard
(CNS): An telecoms and entertainment provider operating within the Cayman Islands has announced it has been recognised for its standard of information security. C&W Business, a division of C&W Communications, achieved compliance with ISO/IEC 270001:2013, a security standard with thorough requirements aimed at establishing, implementing, maintaining and continually improving a company’s information security management system.
Tourism ministry touts for business in wake of storms
(CNS Business): The Ministry of Tourism is touting its ‘Caymankind’ brand as the government here does what it can to assist other destinations devastated by the storm. But officials are also making it clear that the Cayman Islands are unscathed by the recent trio of hurricanes and well and truly open for business. In a […]
Emergency measures grant evacuees the right to work
(CNS Business): The Cayman Islands Government is waiving normal procedures for temporary work permits for workers in the financial services industry who have evacuated to this jurisdiction from islands devastated by hurricanes Irma or Maria. “For those who say we should not be doing this, last week it’s them, next week it may be us,” […]
Ex-Digicel boss moves to C3
(CNS Business): Martin Bould, formerly the chief executive officer at the regional telecom firm, Digicel, has taken the top job at locally owned communications firm, C3. Officials from the wholly Caymanian-owned company said in a press release that Bould will head up the expansion of the firm. The news of his appointment as C3’s new […]
Flow offers free credit in Dominica
(CNS Business): Cable & Wireless Communications (C&W), the parent company of Flow, says it has begun the successful restoration of mobile services to Dominica and has extended free credit to help mobile customers communicate with family and friends. The island’s infrastructure, including its communications networks, suffered significant impact from Category 5 Hurricane Maria, which made […]
GT hotel proposal faces local opposition
(CNS Business): The proposed new hotel development at the Pageant Beach site in George Town will be going before the Central Planning Authority on Wednesday, but not everyone will be hoping the board gives the proposed project the nod. Despite enthusiastic support from government for the new hotel in the capital, residents in the area […]
Dart buys another piece of 7MB
(CNS Business): Already the largest landowner in the Cayman Islands, the Dart Group has made another significant purchase with the acquisition of Royal Palms Beach Club in the heart of Seven Mile Beach, along the West Bay Road. Neither the seller, Coral Apartments Ltd, nor Dart has said how much the near three and a […]
Cayman tops Banker magazine’s global survey
(CNS Business): The Cayman Islands has been named the world’s number one specialised financial centre in The Banker magazine’s 2017 survey, marking the ninth consecutive year earning the top spot in the global survey. Jude Scott, CEO of Cayman Finance, said the Cayman Islands has long been regarded as the world’s premier international financial centre […]
New law boosts trade mark registrations
(CNS Business): Since the Trade Marks Law came into effect 1 August 2017, modernising legislation which originally dates from the 1970s, the Cayman Islands Intellectual Property Office (CIIPO) has received 50% of the total number of applications to register trade marks usually submitted in a year. As of 29 August, the office had received more […]
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