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MLA steering towards public transport plan

MLA steering towards public transport plan

| 21/05/2015 | 3 Comments

(CNS): Joey Hew has revealed that he is working on a national public transport plan to drive people on to buses and off the increasingly congested roads. The backbench government MLA said that Cayman cannot keep building roads to accommodate the growing traffic congestion. Speaking in the Legislative Assembly on Wednesday, Hew, who is a […]

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Cayman remains offshore deal leader

Cayman remains offshore deal leader

| 21/05/2015 | 1 Comment

(CNS Business): While the number of offshore deals took a plunge in the first quarter when compared to the previous quarter for the Cayman Islands, reports show the significant spike in the average deal size is what keeps the islands on the map as the busiest jurisdiction for offshore transaction at the start of 2015. 

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HCCI encourages healthcare careers

HCCI encourages healthcare careers

| 21/05/2015 | 0 Comments

(CNS Business): Health City officials are gearing up for round two of their summer student internship programme that teaches school students about the various healthcare professions available. After a successful first year, hospital officials said they have agreed to increase the number of students allowed in the programme up to 24 between June and August. 

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CJ says rights to open justice not absolute

CJ says rights to open justice not absolute

| 14/05/2015 | 0 Comments

(CNS Business): Cayman Islands Chief Justice Anthony Smellie has said that courts have to adopt a “principled, pragmatic and flexible” approach when it comes to balancing the right to open justice and public access in trust cases.  Delivering a speech as the recent Transcontinental Trusts Bermuda conference, Cayman’s top judge spoke about the need for […]

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Commuting judge starts work in court’s FSD

Commuting judge starts work in court’s FSD

| 14/05/2015 | 0 Comments

(CNS): A judge who is commuting some 4,000 miles to his new job in the Financial Services Division of the began hearing cases recently. A new non-resident judge, Justice Nick Segal, will serve in Cayman from time to time as required. A specialist in financial, commercial and insolvency law and litigation, Segal has been immersed […]

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May is ‘Putting Investors First Month’

May is ‘Putting Investors First Month’

| 14/05/2015 | 0 Comments

(CNS Business): The CFA Society Cayman Islands will join other CFA Societies from around the world to recognize May as “Putting Investors First Month”, a global movement that seeks to build awareness and unite investment professionals in a commitment to place investor interests above all others. 

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Shetty hospital hopes for major patient jump

Shetty hospital hopes for major patient jump

| 13/05/2015 | 1 Comment

(CNS Business): Health City Cayman Islands marked a major milestone on Wednesday when it announced that it had received accreditation from the Joint Commission International (JCI). This means that Dr Devi Shetty’s first and only hospital outside India can now begin to target the US market in earnest as first intended. The hospital’s goal is […]

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CUC increases customers but earnings fall

CUC increases customers but earnings fall

| 11/05/2015 | 0 Comments

(CNS): Grand Cayman’s power company reported a slight drop in sales during the first quarter of 2015, despite growing its customer base by some 2%. During the first three months of this year CUC saw 435 more customers connected to the grid than in 2014 and at 31 March it had 27,873 customers. But officials […]

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Water firm racks up early profit from cut in power costs

Water firm racks up early profit from cut in power costs

| 11/05/2015 | 0 Comments

(CNS Business): The private company that supplies West Bay with water and manages a desalination plant made a profit in the first quarter of 2015 despite a fall in sales because of a cut in its electricity bill. In a press release covering Consolidated Water’s first quarter results for 2015, company officials said total revenue […]

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‘LIME’ brand to be replaced by ‘Flow’

‘LIME’ brand to be replaced by ‘Flow’

| 07/05/2015 | 7 Comments

(CNS Business): Cable & Wireless Communication (CWC) officials said it’s time to say “goodbye” to the brand name LIME and “hello” to the new brand name Flow. LIME’s parent company, CWC, announced on Wednesday it will soon change its name to FLOW in the Cayman Islands and other markets throughout the Caribbean. This announcement comes […]

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Student programme to encourage careers in financial services

Student programme to encourage careers in financial services

| 06/05/2015 | 1 Comment

(CNS Business): The launch of a new student education and work experience programme is set to spark early engagement for Caymanian students interested in careers in the financial services industry. The 12-week programme targets Year 12 students who are job-ready and aims at putting more young professionals to work in this industry.

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$5M invested in MRI machine

$5M invested in MRI machine

| 06/05/2015 | 0 Comments

(CNS Business): The Cayman Islands Hospital’s new magnetic resonance imaging (MRI) machine has set the bar high for the standard of medical imaging in the Cayman Islands. The Health Services Authority (HSA) and members of 3T Cayman said the brand new 3.0 Tesla MRI machine puts Cayman firmly on the map when it comes to […]

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Plans to breathe life back into Cayman capital

Plans to breathe life back into Cayman capital

| 04/05/2015 | 0 Comments

(CNS Business): The Cayman Island’s Government said that after watching the steady drain of life from George Town, it’s time to bring it back. Planning Minister Kurt Tibbetts said the government has committed to spending $20 million over the next four years on infrastructure projects.

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Tourist stats breaking records

Tourist stats breaking records

| 01/05/2015 | 2 Comments

(CNS Business): The Cayman Islands’ tourism industry continues to boom and break records. The Department of Tourism stated stay-over visitors numbers for the first quarter of 2015 are the best in recorded history for the Cayman Islands. The data shows the island welcomed 115,640 stay-over visitors in the first quarter. That’s more 6,234 people when compared […]

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ESO urges businesses to supply info for national accounts

ESO urges businesses to supply info for national accounts

| 29/04/2015 | 0 Comments

(CNS Business): As the finance ministry presses ahead with its goal to improve local statistics and information, the Economics and Statistics Office (ESO) is urging local businesses to fill out and return questionnaires for the System of National Accounts (SNA) and Balance of Payments (BOP) surveys. The forms have been sent to the local business […]

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