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Police train trade officer with new powers
(CNS Business): Under new legislation dealing with the local business environment, the Department of Commerce and Investment’s trade officers now have the same powers as police constables and have therefore been training with the RCIPS to learn what it takes to enforce local laws before they go out into the community and start issuing fines […]
Price hike fuels CUC profits in 2015
(CNS Business): Grand Cayman’s power provider, CUC, cleared a $2 million profit last year as a result of a 3% growth in sales and a hike in the base rate last June, according to its latest financial report. In the last quarter of the year the electricity company saw a an 8% growth in sales, […]
Review of this restaurant
According to unconfirmed online searches, the members include Nicholas Dunne, a financial lawyer with offshore firm Walkers; Timothy Derrick, also a commercial lawyer with Conyers; Alan Brady, a recruitment manager at Baraud; Susan Bodden, an educational psychologist; Danielle Coleman from Hospice Cayman; Godfrey Meghoo, a retired pastor; and Alecia La Toya Folkes. It is not […]
ICTA to tackle network weaknesses
(CNS Business): The managing director of the telecoms regulator has revealed that his agency will be forming a working group to tackle weaknesses in the local telecommunications network after a lightning strike in Miami on Tuesday had a serious impact on local phones and internet. The major hardware failure that affected the MAYA-1 submarine cable […]
Cuba and US agree deal for commercial flights
(CNS): A new agreement between the United States and Cuba could see more than 100 flights a day between the two countries before the end of this year — five times the traffic currently generated by the charter flights that began when hostilities between the two governments began thawing over year ago. However, the deal could have a negative […]
ICTA to become utilities regulator
(CNS Business): The Information and Communications Technology Authority is in the process of transitioning into a new Public Utilities Commission (PUC), which will see the electricity, telecommunications, water and fuel regulators come under one umbrella. Among its goals is to provide a way for consumers to complain about their utility service providers, the authority said. […]
Telecoms industry under pressure to shape up
(CNS Business): The Information & Communications Technology Authority has announced that it will be prioritizing quality of service standards in the local telecoms sector, specifically ensuring that broadband customers get what they pay for, as well as improving access and competition for everyone living in the Cayman Islands, regardless of the district.
Premier berates TV show at investment summit
(CNS): The controversies surrounding the recently broadcast BBC documentary about the Cayman Islands was at the heart of a speech delivered by the country’s leader at last week’s Alternative Investment Summit. With Cayman central to the success of alternative investment, Premier Alden McLaughlin said it was a shame “that there are those who wish to shut […]
Chamber fumes quietly over Rivers’ comments
(CNS Business): Stuck between a desire to rail against criticisms levelled at it by the employment minister and a wish to show its willingness to cooperate with government, the Chamber of Commerce responded with a short public statement Tuesday. “In order to keep the focus on moving forward, the Chamber will state only that it is concerned […]
Chamber and CIG make up over unemployment
(CNS Business): The Cayman Islands Chamber of Commerce and the government have agreed to work together to address the unemployment challenges facing the country. After several weeks of finger pointing between government and the Chamber over the issue of employing local workers, the newly elected Executive Committee said they had agreed to “identify ways to stimulate economic growth which […]
DoT goes back to basics with new TV campaign
(CNS Business): As many Americans sweep snow off their driveways, the Department of Tourism has launched a new television advertising campaign in the United States that goes back to promoting the basics of Cayman’s beautiful beaches and water. The brand image of ‘Caymankind’ has evolved in the new promotion, which the DoT hopes will help 2016 […]
Mac claims Panton is destroying offshore sector
(CNS Business): Opposition Leader McKeeva Bush has accused the financial services minister of failing to protect Cayman’s financial services sector because of what he claims are agreements made with the UK and plans to dismantle Cayman’s secrecy law. Bush has accused Wayne Panton of shifting his loyalty from his own country to the British government, as […]
New Chamber boss berates job protectionism
(CNS Business): As local politicians and the private sector become increasingly at odds over the growing number of work permit numbers in the face of increasing local unemployment, the new president of the Chamber of Commerce has made it clear that its membership will not support any kind of limit on permits. Paul Pearson, a […]
Bodden fires parting shots at government
(CNS Business): The departing president of the Chamber of Commerce took aim at the employment minister and the premier in his parting address last week. Barry Bodden, who had completed twelve months as the business body’s leader, criticised Tara Rivers’ failure to engage with the Chamber over the labour bill, the failure of the NWDA […]
Cayman hedge fund cancellations spike
(CNS Business): The number of hedge funds registered in the Cayman Islands has fallen after cancellations more than doubled new authorisations in the final quarter of 2015, leaving Cayman’s hedge fund count sitting just below the 11,000 level, against a background of significant volatility in investment markets. At the end of 2015 there were 10,940 funds […]
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