Archive for September, 2017

Doctor sells paper to former bank boss

Doctor sells paper to former bank boss

| 28/09/2017 | 2 Comments
(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 trou [...]

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Moses lauds NCL despite CIG plans to overhaul

Moses lauds NCL despite CIG plans to overhaul

| 27/09/2017 | 0 Comments
(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 [...]

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Dart puts in plans for new Foster’s store

Dart puts in plans for new Foster’s store

| 26/09/2017 | 17 Comments
(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 r [...]

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Premier heads to Europe for more talks

Premier heads to Europe for more talks

| 26/09/2017 | 1 Comment
(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 [...]

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DMS hails proposed changes to fund governance industry

DMS hails proposed changes to fund governance industry

| 26/09/2017 | 0 Comments
(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 gover [...]

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C&W achieves security standard

C&W achieves security standard

| 26/09/2017 | 0 Comments
(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 req [...]

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Tourism ministry touts for business in wake of storms

Tourism ministry touts for business in wake of storms

| 26/09/2017 | 0 Comments
(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 a [...]

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Emergency measures grant evacuees the right to work

Emergency measures grant evacuees the right to work

| 25/09/2017 | 10 Comments
(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 [...]

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Ex-Digicel boss moves to C3

Ex-Digicel boss moves to C3

| 25/09/2017 | 0 Comments
(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 n [...]

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Flow offers free credit in Dominica

Flow offers free credit in Dominica

| 22/09/2017 | 1 Comment
(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, includi [...]

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GT hotel proposal faces local opposition

GT hotel proposal faces local opposition

| 19/09/2017 | 31 Comments
(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 i [...]

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Dart buys another piece of 7MB

Dart buys another piece of 7MB

| 06/09/2017 | 106 Comments
(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 [...]

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Cayman tops Banker magazine’s global survey

Cayman tops Banker magazine’s global survey

| 05/09/2017 | 0 Comments
(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 regar [...]

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New law boosts trade mark registrations

New law boosts trade mark registrations

| 04/09/2017 | 2 Comments
(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. A [...]

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