Recent Articles

Ex-Chamber boss queries wisdom of port project

Ex-Chamber boss queries wisdom of port project

| 26/06/2015 | 29 Comments

(CNS Business): The former president of the Chamber of Commerce has warned that the costly port project should not go ahead based on “unproven back of envelope ‘guesstimates’ about the economic benefits of cruise tourism and private discussions with a select few who are possibly conflicted and have a pecuniary interest to protect in the […]

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Kel Thompson receives tourism Lifetime Achievement Award

Kel Thompson receives tourism Lifetime Achievement Award

| 26/06/2015 | 0 Comments

(CNS Business): The best of the best in the Cayman Islands tourism industry were honoured at the 12th Annual Cayman Stingray Tourism Awards hosted by the Cayman Islands Tourism Association (CITA) at the Ritz-Carlton Tuesday night. During the ceremony over 50 industry professionals, from all sectors including accommodations, allied, attractions, transportation, restaurants and watersports, were recognized […]

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Cayman scoops travel awards

Cayman scoops travel awards

| 26/06/2015 | 0 Comments

(CNS Business): Not only has it been a record setting year for tourism numbers in the Cayman Islands, but also an award winning one. During the first quarter of 2015, Grand Cayman found its name on two “best beach” lists and two “best destination” in the Caribbean. 

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Restaurant pulls out of Dart venue

Restaurant pulls out of Dart venue

| 25/06/2015 | 5 Comments

(CNS Business): One of the first restaurants to open in Camana Bay along the flagship ‘restaurant row’ is pulling out of the Dart-owned town and the Cayman Islands. After 5 years, Michael’s Genuine Food & Drink will be closing in August but the owner has said very little about why, only commenting, “It’s never easy to […]

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LIME responds to internet speed petition

LIME responds to internet speed petition

| 22/06/2015 | 23 Comments

(CNS Business): An online petition is circulating throughout Cayman demanding “decent internet” on the island. Local campaigner Sandra Catron started the petition and said it’s time to mandate that customers actually receive the broadband internet speeds they are paying for.

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Banks from Cayman to Switzerland caught up in FIFA scandal

Banks from Cayman to Switzerland caught up in FIFA scandal

| 22/06/2015 | 0 Comments

(CNS Business): The Cayman branch of Fidelity is just one of many banks around the world that have now been caught up in the various FIFA corruption investigations, calling the already distrusted global banking system into question. Citibank, First Caribbean and HSBC are just some named in the US indictment outlining the corruption case against a number of […]

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EU’s newest list not a ‘blacklist’

EU’s newest list not a ‘blacklist’

| 22/06/2015 | 1 Comment

(CNS Business): According to the OECD, the EU Commission has confirmed that they have not yet decided which countries should be included on a new blacklist of non-cooperative tax jurisdictions and the list that they released on 17 June was “based on Member States’ independent national lists”. In an email the OECD said, “It is very […]

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Don Seymour featured in Wall Street book

Don Seymour featured in Wall Street book

| 18/06/2015 | 13 Comments

(CNS Business): Founder and Managing Director of DMS Offshore Investment Services Ltd, Don Seymour, made the list as one of 50 leading Wall Street financiers and academics in the recently published book, Transforming Wall Street: A Conscious Path for a New Future. Seymour is well known for his creation of the Investment Services Division of […]

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Travel chaos as US struggles to deal with visa system crash

Travel chaos as US struggles to deal with visa system crash

| 18/06/2015 | 0 Comments

(CNS Business): Thousands of travellers have been forced to postpone or cancel travel plans to the United States as a result of a technical glitch that has crippled the US government’s visa system. Officials have said that it will not be back up and running until next week, following a hardware failure earlier this month. The […]

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T&B Licences double since last year

T&B Licences double since last year

| 18/06/2015 | 2 Comments

(CNS Business): The number of trade and business licences granted in Cayman have seen a significant climb, doubling since this time last year, according to the  Minister of Financial Services Wayne Panton. 

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Gov’t clampdown on unlicensed vendors

Gov’t clampdown on unlicensed vendors

| 18/06/2015 | 17 Comments

(CNS Business): Tourism bosses tell CNS Business it’s time to put a stop to unlicensed vendors and operations happening along our beaches and cruise port. The docks in George Town have been used for many years by Caymanian entrepreneurs to sell their crafts and items to tourists as they step off the cruise ships. However, […]

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Chamber calls for rule enforcement

Chamber calls for rule enforcement

| 18/06/2015 | 2 Comments

(CNS Business): The president of the local Chamber of Commerce is calling on government to prosecute businesses that don’t follow the law. In a message on behalf of the local business association outlining the concerns on its agenda, Barry Bodden said the Chamber Council was concerned about the poor level of enforcement of laws and […]

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Cayman on new EU blacklist

Cayman on new EU blacklist

| 17/06/2015 | 13 Comments

(CNS Business) Updated: Government appeared to brush off the latest blacklisting of the Cayman Islands when it released a short statement on Wednesday at around 5pm following revelations by the EU that the jurisdiction had been cited as facilitating tax evasion.

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Jamaica pushes as home to HSBC HQ

Jamaica pushes as home to HSBC HQ

| 16/06/2015 | 5 Comments

(CNS Business): British banking giant, HSBC, is considering relocating its headquarters out of the UK, and one Caribbean state is now vying for the spot. According to UK news organizations, the Jamaican government has contacted HSBC to established itself as a candidate. 

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Cruise numbers jump despite no dock

Cruise numbers jump despite no dock

| 16/06/2015 | 6 Comments

(CNS Business): Despite having an airport that is prone to overcrowding, air arrival numbers in the Cayman Islands continue to creep up, while the lack of a modern cruise ship terminal is not, apparently, stopping visitors from cruising their way to the islands. As the redevelopment of Owen Roberts International Airport (ORIA) takes shape and plans for the proposed cruise berthing […]

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