Cayman News
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Golden Spoons Review: Agave Grill
(CNS Foodie): Located off the Butterfield Roundabout and North Sound Road, you will find a quaint, cozy cantina-sharing Mexican cuisine and techniques, the only Agaveria in the Caribbean and sharp concept cocktails from a New York cocktail expert at the one and only, Agave Grill. Closed on Sundays, Agave shares the love of all things […]
Fugitive’s company closed down over $1.69M debt
(CNS Business): A company owned by a man wanted by local police for a violent crime has been wound up by the Grand Court after a creditor in the British Virgin Islands tried and failed for more than six months to get back almost $1.7 million he had on account with B & C Capital […]
Cayman fund rivals could see post-Brexit boost
(CNS Business): As the fallout from the Brexit vote turns to the complexities of engineering the UK’s exit from Europe, there is a real possibility that fund managers might move their headquarters from the UK to remain in the EU, and with Luxembourg and Dublin seen as viable alternatives, these fund domiciles could continue to […]
Golden Spoons Review: Cayman Creperie
(CNS Foodie): Cayman Creperie is one half of the combined eatery on the second floor of Bayshore Mall, Lucky Slice Pizza being the other. It is, therefore, perfectly positioned to attract the cost-conscious cruise tourist as well as the time-conscious 9-5 denizens of George Town. As a card-carrying member of the latter group, the question […]
Cops meet with businesses to address security concerns
(CNS Business): Police Superintendent Robert Graham, who is heading up the RCIPS’ plan to put community policing back at the heart of the service, met with a number of local business leaders last week to get to grips with needs and concerns in the commercial sector and begin to build partnerships. Graham, who was recently recruited […]
CIMA reveals deal with Gibraltar in wake of Brexit
(CNS): The Cayman Islands Monetary Authority (CIMA) has signed a memorandum of understanding with the Gibraltar Financial Services Commission in the wake of the UK’s recent referendum on leaving the European Union, the results of which impacted both territories. CIMA officials said the deal would pave the way for cooperation and exchange of information regarding […]
Golden Spoons Review: George Town Yacht Club
(CNS Foodie): Before we get on to the food, it’s worth mentioning the parking: there’s lots of it, which is not a minor consideration when choosing somewhere for lunch in or near to town. The George Town Yacht Club is just ten minutes from the town centre and two minutes from the airport, easy to […]
CIMA signs deal with Abu Dhabi
(CNS Business): The Cayman Islands Monetary Authority (CIMA) has signed a deal with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), creating a framework for mutual assistance and exchange of information. CIMA said the Memorandum of Understanding (MoU) would foster standards of regulatory practice and compliance. The deal, officials said, would […]
Cayman passes new copyright law
(CNS Business): New copyright legislation comes into effect in Cayman Thursday that will provide greater legal rights to Cayman’s musicians, visual artists and others in the creative fields, and is the first step in modernising intellectual property (IP) legislation. Commerce Minister Wayne Panton said government had plans to present more bills in September to update […]
Cayman’s ‘secrecy law’ gets overhaul
(CNS Business): The controversial piece of legislation that has been considered Cayman’s ‘secrecy law’ for many years and fueled the jurisdiction’s tax haven label has been repealed and replaced to help detract unwanted and unfair criticism, Financial Services Minister Wayne Panton has said. Along with a number of other changes as well as a new […]
Golden Spoons Review: Casa 43
(CNS Foodie): Nestled in a quaint little spot behind the Copper Falls building, Casa 43 offers authentic Mexican cuisine with flares of the island intertwined. The concept is pretty simple: tiny restaurant with reasonably priced, locally sourced products and the freshest margarita you can find on Grand Cayman. Maybe it’s the lime zest that puts […]
Brexit impact is unpredictable, says tourism minister
(CNS Business): Tourism Minister Moses Kirkconnell has said it is too early to say how Britain’s exit from the European Union will impact the Cayman Islands’ tourism statistics, which after years of continuing growth are showing signs of decline due to the Zika outbreak. He said the United Kingdom and Continental Europe account for around […]
Local finance body warns of Brexit volatility
(CNS Business): Jude Scott, CEO of Cayman Finance, the industry body which represents the local financial services sector, has warned of short-term volatility in the wake of Britain’s surprising exit from the European Union, but he said he believes the local industry will weather the forthcoming economic storms. He said the financial sector would continue […]
Concerns ignored, golf course gets green light
(CNS Business): The Central Planning Authority has given the green light to the proposed development of a golf course in the Frank Sound area despite a catalogue of environmental concerns. The proposal to build an Arnold Palmer golf course was submitted to the CPA in complete isolation and not as part of the major resort […]
Cayman holds $265 billion in US Treasury bonds
(CNS Business): The Cayman Islands is now the third biggest foreign holder of US government debt, topped only by China and Japan. Holdings of US Treasury bonds in Cayman reached $265 billion in March, which was up more than 30% from the same period last year and was the first time that the Treasury data […]
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