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Hurley’s scoops up rival radio stations
(CNS Business): Hurley’s Entertainment has expanded its media empire with the purchase of two radio stations from Paramount Media. Coming on the heels of the firm’s purchase, with the help of Dart financing, of the television channel Cayman27, Hurley’s announced Thursday that it had acquired Vibe and Spin FM, subject to approval by the Information and Communications […]
Summer visitors fall but annual figures remain steady
(CNS): Although the Cayman Islands saw a dip in arrival numbers this summer by air and sea compared to last year, so far the overall figures for both cruise passengers and overnight guests are still higher this year than 2014, a year in which Cayman recorded its highest number of overnight visitors since records began. Between […]
Appleby shuts London office after MBO Review
(CNS Business): Law firm Appleby has closed its London office, breaking its link with the City, in the wake of the management buyout (MBO) of its trust and fiduciary business. For offshore law firms, keeping an office in the Square Mile is a matter of some prestige and most of the major firms do so, […]
Two young Caymanian start as articled clerks
(CNS Business): Walkers has added two new articled clerks to their training programme, bringing the number of current articled clerks in their Cayman office to six. Since 2002, the law firm has trained 31 articled clerks, all of whom went on to be admitted attorneys, Walkers said in a release. Sarah Dombowsky and Christopher Dibben began […]
Development bank offers loans to SMEs and public servants
(CNS Business): The Cayman Islands Development Bank (CIDB) has introduced two loan programmes, one designed for small- and medium-sized enterprises (SMEs) with proven track records for at least two years, and the other for public sector workers who want to consolidate their high-interest rate debt. Wayne Panton, the minister responsible for financial services and commerce, said […]
US now more secret than Cayman
(CNS Business): Despite the constant criticism of the Cayman Islands as a so-called tax haven by US politicians and media, in the latest edition of the Financial Secrecy Index, compiled by the Tax Justice Network, the United States is placed above the Cayman Islands in its rankings. The report, which comes out every two years, […]
CIMA battles forgers with seminar on fake cash
(CNS Business): The US Secret Service and representatives from money printers, De La Rue, will be partnering with CIMA and the RCIPS Financial Crimes Unit (FCU) next week at a fraud detection and prevention seminar to help businesses in the fight against forged currency. “At CIMA, we are highly conscious of the need to continually […]
DCI on hand at upcoming CayShop expo
(CNS Business): Local business owners have another opportunity to get familiar with the new Trade and Business Licensing Law . Department of Commerce and Investment (DCI) staff will be present at the CayShop business expo, which opens tomorrow, Thursday 29 October, at 5:30pm at the ARC in Camana Bay.
Chamber tells CIG to stop blaming business for social ills
(CNS Business): The Chamber of Commerce has denied that the business community has easy access to work-permits. In response to comments made by Community Affairs Minister Osbourne Bodden in the Legislative Assembly last week, the Chamber’s executive council has taken aim at local politicians, stating, “It’s time respected members of government stopped blaming business owners for […]
Register freed to tout for passenger ship business
(CNS): An amendment to the Gambling Law passed by legislators Wednesday, will facilitate the registration of cruise or other large passenger ships with on-board casinos on the Cayman Islands Shipping Registry and boost business for the growing government earner. Financial Services Minister Wayne Panton, who brought the changes, said that although the register was doing […]
Cayman accountants organisation celebrates 45 years
(CNS Business): The Cayman Islands Society of Professional Accountants (CISPA) celebrated 45 years at its 8th annual gala celebration at the Ritz Carlton, Grand Cayman. In her address CISPA CEO Sheree Ebanks said the organisation had “submitted amendments to the Public Accountants Law that will reflect all our membership, not just public practice and to ensure […]
Oil price decline cuts import figures
(CNS): The value of imports into the Cayman Islands fell again in the second quarter of this year, recently released government statistics have revealed. The total value of all goods brought in CI$182.9 million, 9% lower than the value of goods this time last year, which had reached well over $200 million.
Cayman Airways to launch Brac-Cuba route
(CNS Business): The National Flag Carrier will be launching a new weekly flight to Cuba from Cayman Brac at the end of next month, the airline has announced. The new Cayman Airways Limited (CAL) service between the Sister Island and Holguin is the second Cayman to Cuba route and the first outbound international route launched […]
Insider trading one of FBI’s top 10 frauds
(CNS Business): “You cannot make money in a hedge fund unless you are insider trading,” a trader who was caught by the FBI once told Supervisory Special Agent David G. Nanz. Speaking about the FBI’s top 10 financial crime threats at a recent financial crime conference, Nanz said that it’s almost unheard of for the FBI […]
Airport begins search for builders
(CNS): The Cayman Islands Airports Authority has started the process to find a general contractor to undertake the renovation and expansion of Owen Roberts International Airport terminal. Airport officials said the first step is to prequalify general contractors for the second but main phase of the project. This contract will be for the terminal building, including approximately […]
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