Cayman News
Cayman News's Latest Posts
Government encourages women into business
(CNS): The Ministry of Education, Employment and Gender Affairs is hosting a ‘Lunch and Learn’ session on Wednesday, 30 November, to promote women in business to mark Women’s Entrepreneurship Day. Gender Affairs Minister Tara Rivers said economic participation was crucial to gender equality and the lunch was aimed at celebrating women who own or lead […]
C&W appoints new CEO to manage transition
(CNS Business): The regional communication company Cable &Wireless Communications has appointed John Reid as CEO of the company to manage its transition after Liberty Global bought the firm earlier this year. Reid will be based in Miami and is tasked with aligning the former UK-based company with Liberty’s Latin America and Caribbean division, according to […]
Schwarzenegger to star at Cayman investment conference
(CNS Business): Actor and former California governor Arnold Schwarzenegger will be visiting Cayman in February as the keynote speaker for the Cayman Alternative Investment Summit (CAIS). Schwarzenegger left politics in 2011 but he continues to be an advocate of sustainable energy and was a leading voice at the Paris climate conference last year. In an ironic twist, […]
Tourism heading for another great year for visitors
(CNS Business): At the end of September almost 300,000 overnight guests had already visited Cayman this year, setting the tourism sector on track for another great year. Last year was the best year since the Department of Tourism began keeping official records and this year is likely to come very close to those numbers. Speaking […]
BOTs jittery over Brexit and EU clampdown
(CNS Business): Britain’s loss of influence in the EU as a result of ‘Brexit’ could leave Cayman and other offshore jurisdictions exposed to tougher offshore tax rules. In addition to the problems of gaining access to the business in Europe, Brexit poses a challenge to Cayman in that the UK will no longer be in […]
CIG to use private sector more in fleet maintenance
(CNS Business): The government has said it will be using the private sector more when it comes to the maintenance of its small vehicle fleet but ongoing reviews of the public sector, which are currently focused on planning ministry departments, are a long way from privatization. Officials said the roll-out of the CIG Vehicle Standardisation, […]
Plans to cut dredging go to cruise lines
(CNS): The tourism ministry councillor, Joey Hew, has claimed that the cruise port’s new design reduces the dredging footprint, as government prepares to begin the tender process for the controversial project, which it maintains will be underway before the election. With the tourism ministry’s review of the revised design plans completed, Hew said they had […]
Lawyers accuse CIG of secrecy over LPB
(CNS Business): Efforts by Financial Services Minister Wayne Panton to steer through legislation to govern the Cayman Islands legal profession ahead of the next Financial Action Task Force review and after 15 years of failed attempts by previous governments have been undermined by more complaints from the sector. Four local attorneys have accused the ministry […]
Cayman promotes its new intellectual rights regime in US
(CNS): Officials from the Cayman Islands Intellectual Property Office (CIIPO) are heading to Florida this week to promote the country’s new regime. Deputy Registrar General Donnell Dixon said the invitation to the International Trade mark Association (INTA) Leadership Meeting was recognition of how important Cayman is in this market, despite only just having passed a […]
Power consumption and development fuels CUC
(CNS Business): CUC’s profits fell in the third quarter of this year by half a million dollars compared to last year due to higher depreciation and finance charges the company expected to sustain after completing its new generator project in June. The loses were partially offset by higher electricity sales revenue, the firm stated in […]
ICTA calls for local internet exchange
(CNS Business): As the Information & Communications Technology Authority (ICTA) deals with yet another internet outage that has been effecting some users this week, officials are again calling for local telecoms providers (ISPs) to establish a local internet exchange point (IXP). The authority said that the local internet service providers’ reliance on overseas providers means […]
Dart hotel formally cleared to open
(CNS Business): The tourism minister handed over the hotel licence for the Kimpton Seafire Resort + Spa Friday, paving the way for the hotel’s official opening later this month. The first new hotel to open along Cayman’s Seven Mile Beach for more than a decade, it has 266 guest rooms and suites and has been […]
Cayman hotel closure causes holiday blues for visitors
(CNS Business): Families planning on visiting the Cayman Islands over the coming weeks and months say they cannot track down the owners or managers of the now bankrupt Riviera hotel in South Sound. Two UK-based families who were expecting to stay at The Riviera over Christmas told CNS Business that they are facing the prospect […]
Industry analysts find Flow fastest local provider
(CNS Business): Independent telecoms analyst Ookla, which operates speedtest.net, an online portal that measures internet speeds, has found that Flow has the fastest broadband and mobile services in the Cayman Islands, based on raw data records for the past six months. Regardless of ongoing complaints that internet service in the Cayman Islands from all of […]
Plug pulled on local electrical contractors
(CNS Business): As many as 60 people could have lost their jobs after a leading electrical firm went bust. MEPCO, which was created in 2008 and owned by local businessmen Jimmy Laurenson and Michael Brown, is now in the hands of liquidators. Despite having a significant presence on the island and what appeared to be […]
Recent comments