Cayman News – CNS Business Cayman News Service Business News Fri, 23 Jun 2017 19:42:46 +0000 en-US hourly 1 Cayman News – CNS Business 32 32 73621271 CITA calls for tourist cops Tue, 20 Jun 2017 22:37:34 +0000 (CNS Business): The Cayman Islands Tourism Association is calling for dedicated police officers who, like neighbourhood or community officers, would cover specific tourism zones to keep visitors safe and secure. The latest organisation to raise concerns about the recent crime spike, which has included robberies, home invasions and a surge in burglaries in the capital, CITA, which represents hotel and condo owners, bars and restaurants, water and other tour operators, said that the crime situation was a “grave concern”.

CITA said [...]

]]> 5 6457
Businesses bear brunt of crime spike Thu, 15 Jun 2017 20:26:01 +0000 PS Roje Williams and PC Lazarus Moraes visit gas stations around George Town to provide crime prevention advice to station owners

(CNS Business): From burglaries at a day care centre and a telecoms shop in the heart of the capital to grocery store stick-ups in Bodden Town, business are bearing the brunt of the latest surge in break-ins and armed robberies. The spike in opportunistic crime has been accompanied by a rise in car thefts, as criminals use the stolen [...]

]]> 0 6438
Cayman finance offers backing to new government Mon, 05 Jun 2017 13:50:16 +0000 (CNS Business): The CEO of Cayman Finance, Jude Scott, has offered his backing to the new government and commended the premier, Alden McLaughlin. Congratulating all the successful candidates in a short statement, the boss of the body that promotes the offshore sector was clearly relieved that an agreement had been reached following a week of uncertainty.

“We believe a truly representative government for the Cayman Islands, involving representatives from both political parties and the independents, has been formed and for this, Premier Alden [...]

]]> 0 6394
DoT offers hurricane guarantee to visitors Mon, 05 Jun 2017 16:27:27 +0000 (CNS Business): Visitors to the Cayman Islands this summer are being offered a Worry Free Hurricane Guarantee by the Department of Tourism. Tourists are being promised compensation if they book a vacation to the islands but have to cancel because of stormy weather. “As soon as a hurricane is anticipated, guests are eligible to receive a full refund of accommodation fees at participating hotels, condos and villas island-wide, with a maximum one-night penalty at most for cancellations made up to 48 hours prior to [...]
]]> 1 6392
Caribbean tourism body urges environmental action Mon, 05 Jun 2017 16:21:46 +0000 (CNS Business): The Caribbean Hotel and Tourism Association (CHTA), which represents one of the world’s most vulnerable regions to the escalating effects of climate change, is urging regional nations to support and adopt the Paris Agreement on climate change. In the wake of the US president’s decision pull out of the global agreement that aims to reduce man’s negative impact on the environment, CHTA urged countries, businesses and residents in the Caribbean to do their part to combat these impacts [...]
]]> 1 6383
AG outlines four year AML/terrorist financing plan Fri, 26 May 2017 18:17:18 +0000 (CNS Business): Following the shortcomings identified previously by the Financial Action Task Force (FATF) and in Cayman’s regulatory regime to address emerging threats and vulnerabilities in the financial sector, the attorney general said a strategy has been developed ahead of the next FATF review. In a short statement the government’s chief lawyer, Samuel Bulgin said significant progress had been made on anti money laundering and terrorist financing but more work needed to be done before that review which will take [...]
]]> 0 6355
Offshore attorney dies suddenly at GT home Wed, 17 May 2017 23:14:30 +0000 Julian Black

(CNS Business): Julian Black, the group director in Cayman for offshore firm Estera and a former partner with Appleby, died suddenly and unexpectedly Thursday at his George Town home. In a statement from the firm, Black (48) was described as one of Cayman’s leading corporate finance lawyers. “Julian was a respected colleague and friend to all who worked at Estera but especially those in our Cayman office, who will feel his loss keenly,” Estera said in the statement [...]

]]> 6 6330
April stayover guests soar to new high Thu, 18 May 2017 01:00:20 +0000 (CNS Business): The continued success story of overnight tourism reached record highs last month when a whopping 38,927 visitors flew into the Cayman Islands, largely from the United States. The figure represents the best air arrival statistics for April since the tourism department began keeping records. A 12.62% increase on April 2016, the number eclipsed the previous record for the month, which was 36,017 established in 2015. Year-to-date arrivals now stand at 150,164, a near 2% increase on the first [...]
]]> 2 6327
CUC opens up more CORE capacity Thu, 11 May 2017 16:26:22 +0000 (CNS Business):  The new utilities regulator has approved the allocation of two more megawatts of capacity for CUC’s Consumer-Owned Renewable Energy (CORE) programme as the 6MW previously allocated has reached its limit. Caribbean Utilities Company (CUC) said that customers will have access to only 1MW right now; the second megawatt will be released before the first is filled, but possibly at revised feed-in tariff rates.

The extension of the programme will be limited to smaller systems of capacity, with one rate [...]

]]> 6 6312
Cousteau comes to Cayman for energy conference Tue, 09 May 2017 19:38:51 +0000 Fabien Cousteau (Photo by Carrie Vonderhaar)

(CNS Business): Aquanaut, ocean conservationist and documentary filmmaker, Fabien Cousteau, will be in Cayman this week for a sustainable energy conference, aimed at embracing a low-carbon, sustainable future for Cayman and other Caribbean Islands. One of a number of speakers at the event, Cousteau, the grandson of the famous explorer and scientist, Jacques-Yves Cousteau, will deliver a key-note speech on ‘Climate Action Now’ on 11 May.

The two-day Caribbean Transitional Energy Conference (CTEC) will be [...]

]]> 0 6302