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Cash transfer services hang in balance
(CNS Business): The future of money transfer businesses in the Cayman Islands is up for debate. Government leaders said when it comes to these types of services, in some instances the risks out weigh the rewards. US correspondent banks have pulled out of the “bulk cash business” and Cayman National Bank, which facilitates the remaining […]
Power outage costly for small businesses
(CNS Business): The island-wide power outage that left customers all over Grand Cayman without power on Friday proved costly for some small business owners, some of whom are now considering purchasing a back-up generator after losing a day’s worth of business. Carey Burns, owner of Karma Closet & Kids Karma Closet wanted to know, “Is CUC going […]
Islamic finance on the rise in Cayman
(CNS Business): Islamic finance is growing beyond traditional borders to encompass new markets worldwide and continues to make steady inroads in the European and US markets. The Cayman Islands has also become a hub for this type of fund.
First alumni graduate from hospitality school
(CNS Business): UCCI School of Hospitality Studies held their first annual awards ceremony Thursday night and recognised 19 young Caymanians who had successfully completed the program. The hospitality school was launched in September 2014 and the course has been designed so that students experience many different aspects of Cayman’s hospitality sector.
Merchants push for cruise port development
(CNS Business): Some prominent merchants told CNS Business that they feel cruise tourism would plummet if a new cruise berthing facility is not built in the George Town Harbour. Business owners say it’s time for the island to move forward, while those against the cruise port continue to lobby against the idea in hopes that the government […]
CIAA invites bids for ORIA baggage area
(CNS Business): It’s been more than three months since the plans to upgrade and expand Owen Roberts International Airport were revealed, and now the Cayman Islands Airport Authority (CIAA) is taking bids from construction firms as to who will be in charge of creating the first phase of the major redevelopment project.
Gov’t plan to develop a national transport strategy
(CNS Business): It’s time to revamp the public transportation system in the Cayman Islands, to have more “reliable transport in all areas” that will “alleviate congestion on our road and parking downtown”, according to Tourism and Transport Councillor Joey Hew.
LIME responds to internet speed petition
(CNS Business): An online petition is circulating throughout Cayman demanding “decent internet” on the island. Local campaigner Sandra Catron started the petition and said it’s time to mandate that customers actually receive the broadband internet speeds they are paying for.
Gov’t clampdown on unlicensed vendors
(CNS Business): Tourism bosses tell CNS Business it’s time to put a stop to unlicensed vendors and operations happening along our beaches and cruise port. The docks in George Town have been used for many years by Caymanian entrepreneurs to sell their crafts and items to tourists as they step off the cruise ships. However, […]
Watersports business warns against cruise dock proposal
(CNS Business): A recent Environmental Impact Assessment revealed that the proposed Grand Cayman cruise berthing facility in the George Town Harbour would devastate several acres of coral reef. “To destroy that is to destroy Cayman, and if the reefs go then so do the tourists,” a local diver told CNS Business. But an owner of […]
Lionfish speargun licences limited to 400
(CNS Business): Islands in the Caribbean continue to wage war against lionfish epidemic that is plaguing the their ecosystems; efforts also continue in Cayman to cull the threat from our reefs. However, with only 400 spears issued to licensed holders, restaurant owners told CNS Business, that’s not enough. In order to keep up with the demand […]
How ATM scammers steal customer information
(CNS Business): Devices that capture your debit card information at ATMs are becoming more popular with crooks. On a global scale, data reports show “ATM skimming” is on the rise, and its also plaguing local ATMs in the Cayman Islands. The fraud technique has already succeeded in stealing around $250,000 this year. CNS Business wanted […]
Fresh start for DREAM Nightclub
(CNS Business): The former DREAM Nightclub wants to erase the negative stigma that surrounds this establishment by changing its name to Club SMB. Located on Seven Mile Beach beside Peppers Smokehouse, the club will now operate under new management and plans to make their big debut on Friday 5 June with a launch party. Club […]
Cayman aims for sustainable tourism
(CNS Business): Tourism stakeholders in the Cayman Islands said they are committed to adopting best practices in sustainable tourism for the country, and announced on Friday the islands will undergo a destination sustainability assessment by the Global Sustainable Tourism Council (GSTC). Cayman will be the 15th country in the world to participate in the GSTC assessment […]
Maritime Services Park coming to Cayman
(CNS Business): In efforts to attract global maritime services business to set up a physical presence in Cayman, the government has agreed to partner with Cayman Enterprise City (CEC) to introduce a Maritime Services Park. Officials said this initiative represents an opportunity to leverage the quality of the islands’ flag and jurisdiction, which would significantly […]
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