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DoT offers hurricane guarantee to visitors
(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 […]
Caribbean tourism body urges environmental action
(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 […]
Cayman finance offers backing to new government
(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 […]
AG outlines four year AML/terrorist financing plan
(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 […]
April stayover guests soar to new high
(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 […]
Offshore attorney dies suddenly at GT home
(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 […]
CUC opens up more CORE capacity
(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 […]
Hospital begins dispensing cannabis oil
(CNS Business): Grand Cayman’s CTMH Doctors Hospital and Cayman Pharmacy Group has introduced medical cannabis for physician selected patients who are resident in the Cayman Islands. Case studies reveal life changing results for patients suffering with chronic pain, neuropathic pain and seizures, among other health related problems who are treated with cannabis oil. The medicine […]
Cousteau comes to Cayman for energy conference
(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 […]
Caymanian takes over top job at Digicel
(CNS Business): Raul Nicholson-Coe will be taking over the top job at Digicel’s Cayman Islands operation, the firm said in a release Monday. The local telecoms expert, who is currently the chief operating officer with the firm, will take over as chief executive officer from Martin Bould on 1 June. Company officials said Nicholson-Coe will have […]
Two new faces for financial court bench
(CNS Business): The Chief Justice of Bermuda, Ian Kawaley, and Raj Parker have been appointed as judges in the Grand Court’s Financial Services Division following an open recruitment process earlier this year, where the posts were advertised locally and overseas. Both men were sworn in on 13 April by Cayman Islands Governor Helen Kilpatrick.
CIMA begins to create online payment system
(CNS Business): As government inches its ways towards providing more online or e-services, the Cayman Islands Monetary Authority (CIMA) has announced the launch of what will, in a few months, be a fee payment section of the Regulatory Enhanced Electronic Forms Submission (REEFS) system for authorised financial services industry users. Officials said the payment section […]
More gas stations cleared to sell booze
(CNS Business): Once, only a very small number of gas stations in Cayman were allowed to sell liquor but another six were added to the list following a recent liquor licensing board meeting and one has even been cleared to sell alcohol on Sundays. However, there appear to be some inequities emerging from the board’s […]
Health insurance firm U-turns on Shetty hospital
(CNS Business): Following a memo sent to British Caymanian Insurance customers last month by management blocking cover for treatment at Health City Cayman Islands in East End, the firm has made an about turn, and in a joint statement with HCCI has announced it will now extend cover to all services at the facility. BritCay […]
Cayman faces critics head-on at tax conference
(CNS Business): The financial services ministry brought together some of the jurisdiction’s major critics at a conference last week on the issue of tax transparency. Minister Wayne Panton and his team stressed the importance of engaging with the critics of Cayman’s financial service sector and the issues of transparency when they invited representatives from long-standing […]
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