Recent Articles

Golden Spoons Review: Casanova

Golden Spoons Review: Casanova

| 02/05/2016 | 26 Comments

(CNS Foodie): Casanova is considered one of the best restaurants in Cayman. It is situated right on the waterfront in George Town, and if it’s ambiance you are after, you will not be disappointed. We had a very pleasant young man as our server. When he came to the table, he enthusiastically recommended the specials […]

Continue Reading

UN calls for greater global tax coherence

UN calls for greater global tax coherence

| 03/05/2016 | 1 Comment

(CNS Business): Statistics released by the United Nations Conference on Trade and Development (UNCTAD) Tuesday revealed considerable volatility in foreign direct investment flows in 2015, with investment flows to offshore financial centres retreating from a high of $132 billion in 2013 to $75 billion, in line with previous years. But the report noted that there […]

Continue Reading

UK-Cayman beneficial ownership deal more secure than register

UK-Cayman beneficial ownership deal more secure than register

| 02/05/2016 | 1 Comment

(CNS Business): The system agreed by the UK and the Cayman Islands over how beneficial ownership information will be shared with the relevant authorities is safer than a centralised public register because the new platform for access will not require information to be aggregated in one place, which would have made it vulnerable to hackers, […]

Continue Reading

Butterfield reports increase in earnings but fall in profit

Butterfield reports increase in earnings but fall in profit

| 02/05/2016 | 0 Comments

(CNS Business): Butterfield Bank reported an increase in its core earnings for the first quarter of this year of more than 24% but saw its net income decline by $1.2 million, or 4.3%, compared to the same time last year. During the first three months of the year, bank officials said asset quality was strong […]

Continue Reading

Ex-senior cop to lead DCI enforcement team

Ex-senior cop to lead DCI enforcement team

| 02/05/2016 | 0 Comments

(CNS Business): A former chief inspector with the RCIPS has taken up the post of head of Compliance and Enforcement at the Department of Commerce and Investment (DCI), which has added four new staff members over the last month to beef up enforcement of the laws relating to the business community. Claudia Brady, who started […]

Continue Reading

CORE programme grows another 2MW

CORE programme grows another 2MW

| 02/05/2016 | 10 Comments

(CNS Business): The Electricity Regulatory Authority (ERA) has sanction an expansion of Caribbean Utilities Company’s Consumer-Owned Renewable Energy (CORE) Generation Programme, which will see more residential and commercial customers who are using alternative power, such as solar and wind, to feed back another two megawatts of power to the grid. The Feed-in Tariffs (FITs) programme, […]

Continue Reading

Law paves way for new offshore business

Law paves way for new offshore business

| 28/04/2016 | 0 Comments

(CNS Business): The financial services minister steered a piece of legislation through the Legislative Assembly Wednesday that he said paves the way for a new type of business vehicle in the Cayman Islands, which has been driven by industry demand. The Limited Liability Company Bill, 2015, which was presented by Wayne Panton and passed unanimously […]

Continue Reading

Minister points to worrying trend at EU grilling

Minister points to worrying trend at EU grilling

| 26/04/2016 | 10 Comments

(CNS Business): The Cayman Islands financial services minister says there is a worrying trend in attitudes towards offshore financial services in Europe that would go well beyond concerns about automatic exchange of information and public access to beneficial ownership. Wayne Panton said some European politicians appear to be reverting back to arguments from the 1990’s […]

Continue Reading

Key workshops available at small businesses expo

Key workshops available at small businesses expo

| 25/04/2016 | 0 Comments

(CNS Business): Workshops on the new Trade and Business Licensing Law, the minimum wage and social media use are just some of the events taking place at the 2016 Small Business Expo next month at the University College of the Cayman Islands. Now in its fourth year, the event which was hosted by the Department […]

Continue Reading

Tourist sector hoping for more growth in 2016

Tourist sector hoping for more growth in 2016

| 25/04/2016 | 0 Comments

(CNS): Elected for the third year in a row to serve as the Cayman Islands Tourism Association president, Kenneth Hydes from Dart Realty (Cayman) told members at the recent AGM that the industry was expecting “significant growth” in the tourism sector this year. The AGM last week included the election of directors and executives for […]

Continue Reading

CIMA battles to find insurance chief

CIMA battles to find insurance chief

| 25/04/2016 | 1 Comment

(CNS Business): The Cayman Islands Monetary Authority has struggled to find someone for the post of Head of the Insurance Division, officials said, citing fierce competition in the insurance sector as a contributing factor. At present, the post has been temporarily filled by Ruwan Jayasekera, who is very experienced and known to the industry, and […]

Continue Reading

Golden Spoons Review: The Wharf

Golden Spoons Review: The Wharf

| 25/04/2016 | 27 Comments

(CNS Foodie): I’d been to The Wharf for dinner once and was not too impressed but I decided to give it another try. Some things have changed, and others have not. The place is massive, so much going on for a Saturday night! Barefoot Man was the entertainment, and the Golden Girls & Gents loved […]

Continue Reading

Chamber adds voice to police criticisms

Chamber adds voice to police criticisms

| 21/04/2016 | 7 Comments

(CNS Business): The Cayman Islands Chamber of Commerce is calling for the departing police commissioner to produce and publish a report detailing the difficulties within the Royal Cayman Islands Police Service. In a short statement from the Chamber Council, the members said that the change in leadership with David Baines’ departure presented an opportunity to […]

Continue Reading

Ten storeys: setbacks and other restrictions

Ten storeys: setbacks and other restrictions

| 21/04/2016 | 3 Comments

Stuart Rowe writes: A recent decision of the Grand Court has affirmed the relevance of the 1997 Development Plan within Cayman’s development and planning regime and in so doing has cast doubt over the Central Planning Authority’s ability to effectively deal with ‘high rise’ developments exceeding seven storeys in height.

Continue Reading

CUC boss rings trading bell at Toronto exchange

CUC boss rings trading bell at Toronto exchange

| 20/04/2016 | 2 Comments

(CNS Business): Richard Hew, the President and CEO of Caribbean Utilities Company, Grand Cayman’s private sector power provider, rang the bell to open the day’s trading on the Toronto Stock Exchange on Friday to mark the firm’s 50th anniversary celebrations and 25 years of trading on Canadian exchange. CUC, which marks 50 years of incorporation […]

Continue Reading