Recent Articles

Bank increases loan but not deposit rate

Bank increases loan but not deposit rate

| 17/03/2017 | 4 Comments

(CNS Business): Following the 25 basis point increase in the US Federal Funds Rate earlier this week, Butterfield Bank has announced an adjustment in its US and CI dollar prime lending rates for mortgages, consumer loans and commercial loans from 3.75% to 4% beginning today Friday, 17 March. But [...]

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ESO begins annual business survey

ESO begins annual business survey

| 15/03/2017 | 0 Comments

(CNS): The Economics and Statistics Office will be starting its annual business surveys in less than two weeks to get accurate data on the local economy. The survey forms will be hand-delivered, mailed or emailed to all entities that produce goods and services in the Cayman Islands. The surveys [...]

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Lord Chief Justice of England & Wales lectures in Cayman

Lord Chief Justice of England & Wales lectures in Cayman

| 09/03/2017 | 3 Comments

(CNS Business): Delivering a lecture at the Cayman Islands Grand Court, the Lord Chief Justice of England and Wales said that achieving and maintaining that equilibrium requires not only vigilance among a wide range of judicial, legal, governmental and public interest participants, but also a †[...]

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Premier updates Baroness on beneficial ownership register

Premier updates Baroness on beneficial ownership register

| 09/03/2017 | 2 Comments

(CNS Business): Premier Alden McLaughlin and Attorney General Sam Bulgin met with the UK’s minister responsible for its overseas territories, Baroness Anelay, Monday afternoon to update her on Cayman’s progress on the implementation of legislation underpinning the non-public searchable regis [...]

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Premier: Cayman will thrive in changing world

Premier: Cayman will thrive in changing world

| 08/03/2017 | 1 Comment

(CNS Business): Premier Alden McLaughlin told an audience of British lawyers that the Cayman Islands will not only survive in these “times of uncertainty” but its financial sector, constitution and adherence to the rule of law will ensure that it thrives. “As a jurisdiction, Cayman has alw [...]

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Golden Spoons Review: Anchor & Den Boulangerie Brunch

Golden Spoons Review: Anchor & Den Boulangerie Brunch

| 07/03/2017 | 2 Comments

(CNS Foodie): A friend’s birthday found us at the Marriott’s Anchor & Den Boulangerie Brunch recently, and while it’s a lovely array of traditional and unique brunch fare, I just don’t think it’s as comprehensive nor as delicious as one would expect for $79 per person (i [...]

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Legal Practitioner’s Bill 2016 – layman’s review

Legal Practitioner’s Bill 2016 – layman’s review

| 07/03/2017 | 3 Comments

MM writes: It is obvious that several opposing interests are having a difficult time pinpointing the exact amendments that should be made to the Legal Practitioner’s Bill 2016 – apparently the need to address some outstanding issues within the legal profession has been on the table in one for [...]

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Cayman model may lead way on beneficial ownership

Cayman model may lead way on beneficial ownership

| 07/03/2017 | 2 Comments

(CNS Business): As the technical experts at the financial services ministry continue to work on the systems that will allow UK authorities to access the beneficial ownership details of companies and other financial entities domiciled in Cayman during investigations, the model Cayman is adopting c [...]

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Flow lays off workers in team restructure

Flow lays off workers in team restructure

| 06/03/2017 | 10 Comments

(CNS Business): Local telecommunications company Flow, the brand name of Cable & Wireless, confirmed that they have laid off seven Caymanians workers and two ex-pat positions have been cut in what it described as “adjustments to how we run our business”. The job cuts come following announ [...]

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Premier reveals details of 3D land parcels

Premier reveals details of 3D land parcels

| 06/03/2017 | 12 Comments

(CNS Business): Premier Alden McLaughlin told an audience of realtors, surveyors and property developers that his government plans to steer through legislative amendments during the current session of the Legislative Assembly to facilitate the registration of volumetric, or three-dimensional, lan [...]

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Maritime conference set for May

Maritime conference set for May

| 06/03/2017 | 0 Comments

(CNS Business): The Cayman Islands Shipping Registry is gearing up for a conference in May that will bring together a wide range of organisations and companies in the shipping and yachting industries. “Cayman Maritime 2017 provides an opportunity for our maritime sector and indeed the whole [...]

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Golden Spoons Review: Burger Shack

Golden Spoons Review: Burger Shack

| 02/03/2017 | 7 Comments

(CNS Foodie): A homey little blue hut at one corner of Marquee Plaza (where the old cinema used to be) offering a big burger called out to me the other day. As I approached the Burger Shack, I couldn’t help but be optimistic that this retro-style establishment would deliver the goods. Another i [...]

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Prison Service recruits receive CCTV training

Prison Service recruits receive CCTV training

| 03/03/2017 | 0 Comments

(CNS Business): Recruits with HM Cayman Islands Prison Service recently received training on how to use the national CCTV network for surveillance operations. The role of a closed-circuit television (CCTV) operator is multifaceted, as use of the system plays a vital role in safeguarding communiti [...]

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CUC engineer spending year at US power company

CUC engineer spending year at US power company

| 03/03/2017 | 0 Comments

(CNS Business): A Caribbean Utilities Company (CUC) employee has been sent to Tucson Electric Power (TEP) in Arizona, marking the first time that the company has participated in a secondment. Corey Miller is spending a year at the Tucson facility, enabling him to train and gain experience within [...]

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CIMA celebrates 20 years of service

CIMA celebrates 20 years of service

| 03/03/2017 | 0 Comments

(CNS Business): As part of its 20th anniversary celebrations, the Cayman Islands Monetary Authority (CIMA) will host a Family Fun Day for all staff and their families, as well as a charity 5K Walk/10K Run, set for Sunday, 21 May 2017. In January 1997, CIMA began operations as an amalgamation of t [...]

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