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Water firm racks up early profit from cut in power costs
(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 […]
ICTA to set rules of local TV content
(CNS Business): The Information and Communications Technology Authority (ICTA) is changing the framework of licence obligations for cable TV and redefining what “local content” means for broadcast carriers in the Cayman Islands. The television regulators told CNS Business they are also looking into creating a universal service fund to collect fees from cable companies to […]
Unethical businesses must adjust to new copyright laws
(CNS Business): Modernising Cayman’s copyright laws will bring financial benefit to the islands but it will impact some local businesses and they will have to adjust or find another line of business, according to Commerce Minister Wayne Panton. He said, “You can’t have your cake and eat it too.”
‘LIME’ brand to be replaced by ‘Flow’
(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 […]
Student programme to encourage careers in financial services
(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.
$5M invested in MRI machine
(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 […]
Plans to breathe life back into Cayman capital
(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.
Tourist stats breaking records
(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 […]
ESO urges businesses to supply info for national accounts
(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 […]
Ex-CIG finance expert joins local law firm
(CNS): The former deputy financial secretary, who was given an undisclosed government pay-off after some five years on gardening leave during McKeeva Bush’s premiership, has joined the local law firm that represented him at trial. Deborah Drummond was one of three high-ranking female public servants left out in the cold after a ministerial reshuffle when […]
Reef pest becomes Cayman’s culinary delight
(CNS Business): As efforts to control the lionfish population wreaking havoc on reefs in the Caribbean continues, the Cayman Islands has jumped on board with the “If you can’t beat ‘em, eat ’em” campaign. Local restaurant owners said the demand exceeds the supply available on island, forcing them look elsewhere but organizations like the Cayman United Lionfish League (CULL) […]
New T&B licence law will help small business
(CNS Business): Several pieces of legislation recently passed will soon take effect, changing how some local and small businesses operate in the Cayman Islands, and government officials said the new Trade and Business Law is central to these change efforts. Under the new law, rogue contractors who do not have qualified personnel or fail to […]
Tory peer’s costly advice off the mark
(CNS Business): The Conservative peer who was employed by the Cayman Islands Government to advise and lobby for its offshore sector in the UK appears to have been giving some poor advice. David McLean, known as Lord Blencathra, reportedly told CIG last year that the UK Prime Minister’s goal to clamp down on tax havens was […]
Number crunchers begin workforce survey
(CNS): With a goal to create a more accurate and timely picture of the country’s workforce, the Economics and Statistics Office (ESO) will begin the first Labour Force Survey (LFS) of the year on Sunday. Following announcements by the finance minister that the ESO will revert to its twice yearly schedule, starting this weekend interviewers from the department […]
Small businesses make the most of DCI Expo
(CNS Business): More than 30 local entrepreneurs gathered at the Family Life Centre on Saturday to showcase their talents and innovation at the third annual Department of Commerce and Investment Small Business Expo. At the event small business owners presented their crafts and designs to around 700 attendees and learned more about running a company through seminars […]
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