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Golden Spoons Review: Ristorante Prima
(CNS Foodie): It’s my first time eating at Ristorante Prima at The Royal Palms Beach Club and I’m not quite sure what to think of it. Some aspects were great — oceanfront dining, friendly staff that, for most of our meal, were attentive — and the mediocre points can easily be adjusted. Keywords there — more […]
Brexit and its impact on non-EU hedge funds
Laura O’Brien writes: The implications of a potential Brexit for non-EU hedge fund managers are hard to fathom. At present, public opinion polls appear to be neck and neck although fund managers seem confident Brexit is unlikely to occur. A survey by Aviva Investors in February 2016 found 20% of equity fund managers and not […]
Pure tobacco cigarettes, made in Cayman
(CNS Business): A young Caymanian entrepreneur has begun manufacturing and selling cigarettes locally using pure tobacco imported from Kentucky with no additives. Cordell Gutierrez (23), who grew up on Cayman Brac, began selling his cigarette packages in December last year under the brand name Blacktip. The cigarettes are produced in a small factory in Prospect, […]
DoT upbeat about Cuba’s burgeoning tourism
(CNS Business): Tourism to Cuba was boosted last week with the announcement of two major developments: there will be a resumption, after more than 50 years, of commercial flights to the island from the US before the end of the year, and a new Miami-based cruise line is planning trips from Florida to Cuba. However, […]
Golden Spoons Review: West Bay Diner
(CNS Foodie): What’s the name of that place that opened up where Tim-buc-tuu used to be? You know, the one that’s up from the 4-way stop in West Bay, on the land-side? Well, whatever it’s called, despite being across from the sea, it doesn’t have much of a view, so it better have great food.
Accounts’ regulator celebrates name change
(CNS): The Cayman Islands Institute of Professional Accountants (CIIPA) recently celebrated the official launch of CIIPA with over 70 members, government representatives and members of the financial services industry. CIIPA announced last month that it had changed its name to the Cayman Islands Institute of Professional Accountants, to more accurately reflect its role as an […]
Secrecy law revamp well received by industry
(CNS Business): The revamp of Cayman’s 40-year-old “secrecy law’, which removes the criminal liability for disclosing confidential information, is an essential step in positioning Cayman as a modern transparent cooperative partner on the international stage. For the parts of the financial sector which rely on privacy, the changes have been well received, provided they can […]
Golden Spoons Review: The Bistro
(CNS Foodie): As my companion and I drive up Seven Mile Beach on our way to The Bistro – the only French restaurant in the Cayman Islands – I can’t help but think that it’s remarkable we have a French restaurant at all. Cayman and France have so little to do with each other. We’re […]
New propane company includes minister among investors
(CNS Business): A new firm promoting the concept of propane gas as a clean source of energy includes the environment minister among its investors. Clean Gas, a new propane distribution company to be headquartered in the Industrial Park and due to be open before the end of this year, said it would provide another source […]
Local firm sees third trainee admitted to bar
(CNS Business): Janeen Al-Jadir was admitted as an attorney at law earlier this month after completing her articles with an international offshore law firm. Marc Kish, a partner at Harney’s, moved the admission for the third graduate of their professional development programme in Cayman. Al-Jadir joined the programme in October 2014 and has now secured […]
Booze traders urged to make early applications
(CNS Business): The Department of Commerce and Investment is advising liquor licence holders to start their licensing application process as early as possible in order to avoid delays under the new legislative regime. Booze traders and those with music and dancing licences are encouraged to apply for their renewals well before the Friday 19 August […]
CIG and Cayman Finance sign another deal
(CNS Business): The offshore industry body, Cayman Finance, has signed a new memorandum of understanding with the Cayman Islands Government to further cement their improved working relationship. When the first MOU between Cayman Finance and the financial services ministry was signed in 2013, both parties said benefits for the sector would be derived from implementing […]
Dart buys Little Cayman businesses
(CNS Business): Dart Realty (Cayman) Ltd is spreading its business empire onto Little Cayman with the acquisition of Paradise Villas and the Hungry Iguana restaurant. The Cayman Islands largest landowner, investor and developer confirmed it had agreed to buy the businesses in a release on Wednesday, in which officials also said they wanted to preserved […]
Court calls stamp duty findings into question
(CNS): Cayman’s finance ministry may need to review how it assesses stamp duty on property sales following a court ruling that where property is exchanged in an arm’s-length properly marketed transaction at a reasonable market rate, the government had no business re-assessing its value for stamp duty purposes. The recent decision of the Grand Court […]
Over-development undermining tourism
(CNS Business): The Cayman Islands tourism industry is at a crossroads and officials are worried that the quality of the experience for visitors is deteriorating due to the success of the sector, the number of visitors and the pace of development, especially around Seven Mile Beach. In a request for proposals for consultants to help […]
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