Cayman News
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Cayman bean counters to confer on best practice
(CNS): Registration for the annual Government Professional Development Week, which will take place in November, is now open, officials have stated. The special conference organized by the Cayman Islands Society of Professional Accountants (CIPSA) is open to both public and private sector financial management professionals and covers the latest developments in managing public sector resources […]
Former Cayman Finance CEO to join Harneys
(CNS Business): Gonzalo Jalles, who has been CEO of Cayman Finance for the past two years, will join Harneys as Head of Fiduciary and New Services in Cayman later this year. In this role, Jalles will lead the development of the company’s fiduciary and corporate services offering in Cayman and beyond, and will work closely with […]
Department of Labour & Pensions fills empty posts
(CNS Business): A number of senior positions at the Department of Labour & Pensions left vacant for some months have recently been filled “through succession planning, reassignment of staff, and appointment of new personnel in an effort to improve service delivery to meet client needs”, the department says, although there is no word yet regarding […]
‘Are you really Tom Cruise?’
(CNS Business): Proving that he can take a joke, Tortuga Rum Company founder Robert Hamaty has released a video, in partnership with creators CML TV, making fun of himself for being “had” last week by professional Jack Nicholson impersonator Jack Bullard, who called in at the company’s outlet store during a cruise ship visit. Thinking […]
CAL to wetlease 30-seat plane
(CNS Business): Cayman Airways Limited (CAL) says it plans to obtain a 30-seat Embraer 120 “Brasilia†in mid-October 2014 to provide service between Grand Cayman and Cayman Brac under a wet-lease arrangement with InterCaribbean. The Embraer 120, with a top speed of 378mph and range of just over 1,000 miles, is fully equipped with galley and […]
After re-development, ORIA duty free shops will be tendered
(CNS Business): Although it is still quite far off, the Cayman Islands Airports Authority (CIAA) have said that once renovations to the departures area of the Owen Roberts International Airport (ORIA) are completed, as part of the major redevelopment of Cayman’s main airport, the duty free concession areas will be put to tender. The CIAA said […]
CEC pays for premier’s Vegas trip
(CNS Business): Cayman Enterprise City stumped up the cash to send Premier Alden McLaughlin to Las Vegas last month, hoping to win new business for Cayman at a three-day technology conference, officials said. The premier addressed an audience of more than 30 CEOs of technology brands, telling the positive story of the islands, and also […]
New diesel generators will reduce power bills
(CNS Business): The US$85 million contract to produce 36 MW of incremental generating capacity on Grand Cayman is the largest single project that Caribbean Utilities Company (CUC) has ever undertaken, President and CEO Richard Hew said following news that CUC had out bid its competitors, DECCO (Dart Group), which submitted two proposals, and the Louis […]
Cayman Brac student is new Tourism Ambassador
(CNS Business): Katherine Tatum, a student of Layman Scott High School, topped the 2014 Tourism Speak Off’ debates held at The Ritz-Carlton, Grand Cayman on Wednesday, 24 September and was crowned ‘Tourism Ambassador’, to serve for a period of one year. Kayci McCarther representing Grace Christian Academy, and Monike Buck and, Max Pairaudeau from Cayman Prep […]
Convicted money launderers now whistleblowers
(CNS Business): Canadian investment advisor Eric St-Cyr, who was working from a Cayman Islands-based financial services firm, and Patrick Poulin, a Canadian attorney based in the Turks and Caicos Islands, were both sentenced Friday to serve 14 months in prison and three years of supervised release for conspiring to launder money. The two men are […]
Medicare-type health insurance being proposed
(CNS Business): Employers are compelled under the law to provide workers with health insurance through one of the Cayman Islands’ approved insurance providers, but after retirement many employees are finding that they are without coverage. However, the Health Insurance Commission (HIC) is currently working on a proposal for government for a retirement health insurance plan […]
Walkers hosting ‘Fundamentals’ seminars in US and London
(CNS Business): Economics Editor, writer and broadcaster, Robert Peston, will be the keynote speaker in London next week for the Walkers Fundamentals Investment Funds seminar series, with a further two events in the series taking place in November in New York and San Francisco. Hosted by international offshore law firm Walkers, the seminars, ‘Everything Offshore […]
Harneys sponsors young Caymanian to pursue law degree
(CNS Business): Sydonie Barrett (19) , a former student at St Ignatius School, has been awarded a scholarship by Cayman law firm Harneys to study law at the University of Surrey in the UK. Managing Partner at the firm, Marco Martins, said that Harneys had given Barett the opportunity to qualify with a law degree and postgraduate qualification, which in turn will […]
GFCI 16 methodology questioned by Cayman Finance
(CNS Business): Cayman Finance has criticised the overall methodology of the sixteenth Global Financial Centres Index (GFCI 16), which found that the Cayman Islands dropped 11 ranks among financial centres around the world since GFCI 15, and now sits at #54. But the CEO of Cayman’s financial services umbrella organization said that some of the […]
Cayman Finance CEO to step down
(CNS Business): The first person to hold the post of Chief Executive Officer for Cayman Finance, Gonzalo Jalles, will be leaving the organisation in mid-November, the umbrella organisation for Cayman’s finance industry has announced. Ian Wight, Chairman of Cayman Finance, thanked Jalles for his significant contributions to the organisation and, more broadly, Cayman’s financial services […]
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