Cayman News
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GT hotel projects begin planning process
(CNS Business): Two new hotel development projects on the coastline along North Church Street in George Town have begun the planning process after one project was listed to be heard at this week’s Central Planning Authority meeting and developers for a second recently announced that they had submitted plans. NCB Investments is making a rezoning application […]
Bars need inspections ahead of renewals
(CNS Business): Liquor licence holders in the Cayman Islands have just one month before their annual renewals are due. Licence holders, including those with music and dancing licences, that want to carry on having the right to sell booze need to submit their applications before Friday, 18 August. Before they can submit renewals, their premises must […]
Cayman committed to maritime improvements
(CNS Business): A message from the new financial services minister to delegates at a shipping conference in Cayman last week pointed to the committment of the Maritime Authority of the Cayman Islands (MACI) to make life at sea safe, minimise ship pollution and encourage optimal living and working conditions on board ships.
Non-profit law cuts fees for charities
(CNS Business): The implementation of the new Non-Profit Organisation Law, 2016 on 1 August will pave the way for charities and non-profit entities to avoid government fees. The law is part of a raft of new legislation passed in order to steer Cayman safely through the jurisdiction’s Caribbean Financial Action Task Force evaluation in December.
Imports fall by 2% in 2017’s first quarter
(CNS Business): The total value of all goods imported into the Cayman Islands in the first quarter of 2017 was CI$207.8 million, a drop of some CI$4.3 million compared with the same period last year. Officials from the Economics and Statistics office said the decline was due to a 6.1% reduction in the total value of […]
Chamber commits to cooperate over disaster relief
(CNS Business): The Chamber of Commerce has signed a statement of purpose alongside Caribbean Central American Action (CCAA), Hazard Management Cayman Islands (HMCI) and Cayman Islands Tourism Association (CITA) to beef up coordination over disaster preparations. “It is vital that we are prepared for any natural disaster,” said Chamber CEO, Wil Pineau.
Caymanian lawyer to run financial courts
(CNS Business): Janesha Simpson will be returning to public service on Monday following her appointment as Interim Senior Deputy Clerk of Courts and Registrar of the Financial Services Court. She joins the court from Maples and Calder, where she was an associate, but Simpson is also a former crown counsel with the Portfolio of Legal Affairs, […]
Three cruise ships switch from Falmouth, Jamaica
(CNS Business): Royal Caribbean Cruise Lines (RCCL) is changing the itinerary or three of its ships next year to avoid Falmouth Port in Jamaica, according to a report in the Jamaica Gleaner, even though the port was built through a partnership between RCCL and Port Authority of Jamaica. However, the news report makes no mention […]
Cayman has more Brexit power than UK cities, claims mayor
(CNS Business): Andy Burnham, the mayor of the North West English city of Manchester, has said the Cayman Islands currently has more influence in the Brexit talks than the UK regions. In a speech to local government associations, Burnham raised the growing fear that the financial services sector is likely to play a dominant part […]
Beneficial owner access opens to UK
(CNS Business): Legislation came into effect this weekend that will allow UK law enforcement authorities to access details of the beneficial owners of all financial entities registered in the Cayman Islands. Officials said the new technology-based system enhancement to the beneficial ownership regime will allow those with legitimate rights or reasons to have access to do […]
OfReg to investigate CUC’s solar deal
(CNS Business): With the price of solar energy now falling rapidly and the increase competitive pricing of other alternative fuels, Cayman’s utilities regulator, OfReg, has announced its intention to investigate the process around Cayman’s first commercial-scale renewable energy plant, which opened last week. The regulator said it wants to ensure that lessons are learned to […]
Court to start programme for trainee lawyers
(CNS Business): Articled clerks with local law firms will have a chance to join a new judicial programme in the courts, starting 4 July, that will count towards their legal training requirements. Chief Justice Anthony Smellie said the clerkship was developed by the Judicial Education Committee (JEC), the Caymanian Bar Association (CBA) and local law firms […]
Airport bid pushes out small businesses
(CNS Business): Some of the small business owners that are currently running retail concessions at Owen Roberts International Airport believe they are being pushed out of the bids for the new space. The Cayman Islands Small Business Association (CISBA) has accused the airport authority of creating a request for proposals with confusing paperwork, forcing bidders […]
CITA calls for tourist cops
(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, […]
Businesses bear brunt of crime spike
(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 […]
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