(CNS Business): Starting on Monday 30 March, the Economics and Statistics Office (ESO) will conduct multiple surveys to measure the economic performance in the Cayman Islands. The annual surveys apply to all who produce goods and services in the area.
(CNS Business): Big changes are coming to Cayman’s current copyright laws, change that will not only offer better intellectual property protection, but also increase government revenue by multiples of $5 to $10 million in direct benefits. On Thursday government officials and cabinet members held a press conference to discuss the details of the current laws […]
(CNS Business): The US Securities and Exchange Commission reduced the freeze on the beleaguered Caledonian Bank’s assets this week from $76 million to just $7 million, the creditors have revealed. The bank was brought to its knees when the SEC filed suit against it and its bosses over an alleged $75m penny stock scam and […]
(CNS Business): Cayman’s leader, Premier Alden McLaughlin, was joined by the COO of Dart Enterprises at the House of Lords this week in promoting Cayman when he delivered a key-note address at the Caribbean Council reception. As McLaughlin sold the crowd on the benefits of investing in Cayman and the future projects government has planned, he […]
(CNS Business): Minister of Commerce Wayne Panton announced the Cayman Islands would soon be falling under the UK’s umbrella regarding copyright laws. The minister explained the aim is to offer stronger intellectual property protection that is in line with Britain.
(CNS Business): Cayman Finance CEO Jude Scott is firing back against a recent article about the US Department of State Report, listing the Cayman Islands as a “country of primary concern” for money laundering and financial crimes. Scott stated ComplianceAid, an AML/CFT consulting firm, took the report out of context for opportunistic reasons, in an […]
(CNS Business): Creditors for Caledonian bank are scheduled to have their first meeting with the liquidators next month as they begin the process of finding out who the bank owes and how much. One of Cayman’s oldest offshore banks, Caledonian and Caledonian Securities were brought to their knees last month when the Securities and Exchange Commission (SEC) […]
(CNS Business): A local employer has been fined $8,500 for failing to pay the necessary health insurance for a worker. Caytech Electronics and its owner, Marcelo Franca, admitted the infraction and pleaded guilty to not insuring the staff member and his family for almost two years. On 10 March Magistrate Angelyn Hernandez imposed the fine, […]
(CNS Business): An application by the owner of the Roof Top Lounge on Mary Street to change the licence from a bar to a nightclub faced objections from other bar owners in the capital and allegations were flying back and forth at the liquor licensing board meeting Friday. Donna Myrie, who owns the cocktail-style bar, […]
(CNS): Around 45 cars from the Cayman Motor Museum are going under the hammer in Florida this weekend, according to organizers of the 13th annual Fort Lauderdale car auction. The museum opened in 2010 but it has been closed for several weeks. According to the museum’s website, the facility is undergoing renovations and will re-open […]
(CNS Business): Tourism Minister Moses Kirkconnell said 2015 has potential to be the best year yet for tourism in the Cayman Islands. Cruise passenger arrivals for the month of January already show a 7% growth over the number of passengers Grand Cayman greeted last year.
(CNS Business): As the May election period for the UK approaches, the opposition Labour party remains adamant about enforcing a centralized and public beneficial ownership register on British territories if it forms the next government. CEO of Cayman Finance, Jude Scott, told CNS Business that everyone needs to be cognizant about the elections and said he welcomes discussions […]
(CNS Business): Walkers Cayman Finance Group has announced three new Caymanian attorneys. Having successfully completed the firm’s Articled Clerk Training Programme, Patrick McConvey, Arikka Ebanks and Nane Erb were admitted as attorneys-at-law before Justice Charles Quin. The admissions were moved on 17, 18 and 19 March by Walkers Partner, Colette Wilkins, at the Grand Court of the […]
(CNS Business): America’s President, Barack Obama, will make his first presidential visit to Jamaica on 9 April. Reports from the White House stated the trip is focused on strengthening security in the Caribbean. Officials said in a release that Obama would visit the island nation to meet leaders, before departing for Panama to attend the Summit […]