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CIMA battles to find insurance chief
(CNS Business): The Cayman Islands Monetary Authority has struggled to find someone for the post of Head of the Insurance Division, officials said, citing fierce competition in the insurance sector as a contributing factor. At present, the post has been temporarily filled by Ruwan Jayasekera, who is very experienced and known to the industry, and […]
Golden Spoons Review: The Wharf
(CNS Foodie): I’d been to The Wharf for dinner once and was not too impressed but I decided to give it another try. Some things have changed, and others have not. The place is massive, so much going on for a Saturday night! Barefoot Man was the entertainment, and the Golden Girls & Gents loved […]
Chamber adds voice to police criticisms
(CNS Business): The Cayman Islands Chamber of Commerce is calling for the departing police commissioner to produce and publish a report detailing the difficulties within the Royal Cayman Islands Police Service. In a short statement from the Chamber Council, the members said that the change in leadership with David Baines’ departure presented an opportunity to […]
Ten storeys: setbacks and other restrictions
Stuart Rowe writes: A recent decision of the Grand Court has affirmed the relevance of the 1997 Development Plan within Cayman’s development and planning regime and in so doing has cast doubt over the Central Planning Authority’s ability to effectively deal with ‘high rise’ developments exceeding seven storeys in height.
CUC boss rings trading bell at Toronto exchange
(CNS Business): Richard Hew, the President and CEO of Caribbean Utilities Company, Grand Cayman’s private sector power provider, rang the bell to open the day’s trading on the Toronto Stock Exchange on Friday to mark the firm’s 50th anniversary celebrations and 25 years of trading on Canadian exchange. CUC, which marks 50 years of incorporation […]
Developers make golf course planning application
(CNS Business): Plans for an Arnold Palmer golf course, which is meant to be part of a new resort in the Frank Sound area of North Side, have been submitted to the Central Planning Authority but officials have confirmed that it is not a planned area development (PAD) application nor has an environmental impact assessment […]
Golden Spoons Review: Morgan’s
(CNS Foodie): If you cried like we did when we heard that Morgan’s Harbour was closing down, you may have jumped up and down like we did when it opened up again. Now simply called Morgan’s, the popular, rustic, seaside eatery is bigger and better than ever. So if you haven’t checked out the new […]
Law firm seeks to block ex-employees’ new jobs
(CNS Business): Appleby (Cayman) Limited has filed an application for a judicial review of a decision by the chief immigration officer, who granted rival firm Harneys temporary work permits for two of their former employees. Appleby claims that at the time, it still held work permits for Jonathan Bernstein and Ian Gobin, and that, according to […]
25-hour working week optimum for over 40’s
(CNS Business): Scientists in Australia have found that people over the age of 40 perform best when they work no more than three days or 25 hours per week. While most people of that age are lucky if they can do less than 45 hours a week, the research suggests that workers aged forty and over […]
CAL queries Mexican airspace fees
(CNS Business): The CEO of Cayman Airways says there are no records to support claims by the Mexican authorities that Cayman owes hundreds of thousands of dollars in fees for flying through its airspace and that talks continue to resolve the problem. Fabian Whorms explained that CAL, like other airlines, has received invoices from Mexico […]
Name change for accountants’ regulator
(CNS Business): The regulating body of Cayman’s accountancy profession has changed its name to to the Cayman Islands Institute of Professional Accountants (CIIPA). Formerly the Cayman Islands Society of Professional Accountants, the organisation says its new name, which was officially changed during a recent Extraordinary General Meeting, more accurately illustrates its critical role as regulator […]
CAL to begin phased replacement of fleet
(CNS Business): Government has confirmed its approval of plans by Cayman Airways Limited (CAL) to begin phasing in a brand new fleet of modern aircraft to meet the expected growth in tourism. The national flag carrier is about to begin the tendering process to lease four new 737-8Max aircraft to replace its aging fleet. Despite […]
Corbyn queries Cayman’s celebration over UK deal
(CNS Business): The fact that the Cayman Islands has welcomed the recent agreement with the UK over how it will share beneficial ownership details with British law enforcement and tax authorities was used against Prime Minister David Cameron this week by the opposition leader in the British parliament. Labour party leader Jeremy Corbyn pointed to […]
The case for offshore
Richard Hay writes: Eye-popping revelations in the Panama Papers have fanned concerns that the so-called “tax havens” lie at the centre of a giant web of criminal conduct. Some, including UK Leader of the Opposition Jeremy Corbyn, have demanded that these centres be “shut down”, and so disconnected from the global grid. The uproar invites […]
Industry body embraces new BO regime
(CNS Business): Cayman Finance, the association representing the local financial services sector, has offered its support to government’s deal with the UK over an enhanced regime for sharing information about the real owners of offshore financial entities. Cayman Finance CEO Jude Scott said they had worked in collaboration with government to bring expertise to the […]
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