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Premier heads to Europe for more talks
(CNS Business): As pressure continue to mount from Europe regarding offshore financial services, Premier Alden McLaughlin is heading another group travelling to London and Brussels this week for more talks regarding the sector. Accompanying him are his back-bench councillor Austin Harris, political adviser Roy Tatum, Financial Services Minister Tara Rivers, Chief Officer Dax Basdeo, and […]
Tourism ministry touts for business in wake of storms
(CNS Business): The Ministry of Tourism is touting its ‘Caymankind’ brand as the government here does what it can to assist other destinations devastated by the storm. But officials are also making it clear that the Cayman Islands are unscathed by the recent trio of hurricanes and well and truly open for business. In a […]
Ex-Digicel boss moves to C3
(CNS Business): Martin Bould, formerly the chief executive officer at the regional telecom firm, Digicel, has taken the top job at locally owned communications firm, C3. Officials from the wholly Caymanian-owned company said in a press release that Bould will head up the expansion of the firm. The news of his appointment as C3’s new […]
GT hotel proposal faces local opposition
(CNS Business): The proposed new hotel development at the Pageant Beach site in George Town will be going before the Central Planning Authority on Wednesday, but not everyone will be hoping the board gives the proposed project the nod. Despite enthusiastic support from government for the new hotel in the capital, residents in the area […]
Airport says phases 2 and 3 will be complete by year-end
(CNS Business): With work on phase one of the Owen Roberts International Airport expansion project complete, officials said this week that they are also on target to finish phases two and three before the end of 2017. The first phase included the development of the new baggage handling and screening area, airline offices and a mechanical […]
Cayman still has work to do to satisfy OECD
(CNS Business): Authorities in the Cayman Islands dealing with the offshore sector still have work to do to satisfy the OECD, according to the latest peer review results by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes. Cayman was rated “largely compliant” as opposed to compliant because of three areas […]
Tourism sector puts faith in cops over crime
(CNS Business): The Cayman Islands Tourism Association (CITA) has said it is encouraged to learn that the police are now addressing several of the concerns stakeholders in the sector have had for some time about rising crime. Following a meeting with the police commissioner and other senior police officers as well as government officials, CITA […]
CPA paves way for GT boutique hotel
(CNS Business) The Central Planning Authority has paved the way for a boutique hotel on the old Tree House site on the George Town waterfront after granting planning permission to NCB Investments at last month’s meeting. One of two planned hotel developments in the area, the $30million project is for a five-storey hotel, restaurant and […]
IMAC books self-help guru for annual talking-shop
(CNS Business): The author of the self-help book, The 5 Second Rule, and award-winning CNN contributor Mel Robbins will top the bill at the 25th Cayman Captive Forum this year, organisers of the conference, Insurance Managers Association of Cayman (IMAC), have said. The industry talking-shop will include a line-up of relevant sector contributors but the […]
US fraudster used stolen cash for Cayman home
(CNS Business): A Kansas City man who admitted embezzling over US$6.5 million from his bosses also used some of his ill-gotten gains to buy a pricey beach house in the Cayman Islands using Cayman National Bank, according to a release from the US Attorney’s Office for the Western District of Missouri. Douglas Ferrell (34), who appeared […]
Air arrivals heading for record-breaking year
(CNS Business): As the tourism sector passes the halfway mark for 2017 government officials are confident that the Cayman Islands will enjoy another record-breaking year as a destination for overnight visitors. If the numbers continue Cayman can expect to see at least 400,000 guests this year. Following the highest visitor arrivals for any April on […]
Rivers begins job as advocate for offshore sector
(CNS Business): The new financial services minister began her work as a voice for Cayman’s offshore sector during the recent visit to the UK for the Brexit meetings with the overseas territories. Tara Rivers was also advocating for the financial services industry, which she now has responsibility for in the new coalition government.
Carnival to bring jobs as well as fun
(CNS Business): With a trip down memory lane for many local people and a new experience for others, local businessman Matthew Leslie is promising to bring all the fun of the fair to Cayman at the end of this year as well as jobs and businesses opportunities. Leslie said he is in the process of […]
Small businesses concerned over cost of finance
(CNS Business): The president of the Cayman Islands Small Business Association (CISBA) has said that financial institutions are setting up entrepreneurs for failure because of the cost of loans. This was one of a number of issues that Dawn McLean-Sawney raised with the new minister for commerce, Joey Hew, when he visited the offices recently.
US court case to examine losses of Ritz investors
(CNS Business): A legal case in the South Dakota Supreme Court is scheduled to hear arguments this week on how a charitable foundation created by Marvin Schwan, a US frozen food magnate, lost around $600 million in offshore real estate ventures, including cash invested in the Ritz-Carlton, Grand Cayman. Schwan’s sons are trying to establish what […]
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