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Commerce minister promises support for SMEs

Commerce minister promises support for SMEs

| 21/11/2017 | 1 Comment

(CNS Business): Joey Hew, the new minister for commerce in the Unity government, has said that the 2018/19 budget includes funding to support the small and micro business sector and that this administration is also aiming to reduce fees for them as well as cutting regu [...]

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Building society squeezes clients to increase CI profits

Building society squeezes clients to increase CI profits

| 14/11/2017 | 2 Comments

(CNS Business): JN Cayman, a member of the Jamaica National Group, revealed a whopping 404% increase in its earnings during the  2016/17 financial year when it posted profits of CI$668,000, compared to a loss of CI$219,000 in the previous year. Managing director Damion Hylton told shareholder [...]

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CUC sends new team to help BVI

CUC sends new team to help BVI

| 08/11/2017 | 0 Comments

(CNS Busines): A second group of linepersons from CUC’s transmission and distribution (T&D) operations department was sent to assist the British Virgin Islands Electricity Corporation (BVIEC) with the restoration of power following the passing of Hurricane Irma and Hurricane Maria in Septe [...]

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Southwest Airlines plans new service from Houston

Southwest Airlines plans new service from Houston

| 07/11/2017 | 1 Comment

(CNS Business): Hot on the heels of recent revelations about the continued record-breaking success of overnight tourism in the Cayman Islands, ministry officials were welcoming an announcement from Southwest Airlines that it will begin a seasonal summer service from Houston, Texas, to Grand Caym [...]

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US partner pulls out of deal with Health City

US partner pulls out of deal with Health City

| 07/11/2017 | 20 Comments

(CNS Business): The faith-based US healthcare provider, Ascension, has pulled out of its partnership with Health City Cayman Islands, the East End hospital founded by the internationally renowned Indian cardiac surgeon, Devi Shetty. Since the state-of-the-art facility was first conceived and then [...]

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Higher sales boost CUC profits

Higher sales boost CUC profits

| 06/11/2017 | 0 Comments

(CNS Business): Caribbean Utilities Company has revealed an increase on its third quarter earnings for 2017 when compared to the same period last year of $300,000 due to a 5% increase in sales. The third quarter 2017 was $7.7 million compared to net earnings of $7.4 million for the three months [...]

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Premier pledges major cut in SME red tape

Premier pledges major cut in SME red tape

| 30/10/2017 | 6 Comments

(CNS Business): The premier has committed to cutting the regulations that he said are hindering small businesses. Alden McLaughlin said that “ambitious, entrepreneurial Caymanians need encouragement, not the dead weight of government bureaucracy holding them back”, as he pledged to ab [...]

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Flow’s Cayman boss departs after 10 months

Flow’s Cayman boss departs after 10 months

| 25/10/2017 | 3 Comments

(CNS Business): The managing director of Flow’s Cayman Islands operations has resigned after just ten months on the job. Victor Salgado was appointed managing director in December last year, but according to a report in the Jamaican Gleaner, he will be replaced in the interim by the cust [...]

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Radio Cayman assists Turks and Caicos broadcaster

Radio Cayman assists Turks and Caicos broadcaster

| 18/10/2017 | 0 Comments

(CNS Business): Radio Cayman recently stepped in to help the Turks and Caicos Islands, after Hurricane Irma destroyed the majority of the jurisdiction’s broadcast network. Following high-level talks between the Cabinet Office and the government-owned radio station, Radio Turks and Caicos (RTC) [...]

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Pageant Beach proposal gets initial nod from CPA

Pageant Beach proposal gets initial nod from CPA

| 17/10/2017 | 4 Comments

(CNS Business): A  proposal to build a ten-storey hotel on the Pageant Beach site in George Town has been given initial approval by the Central Planning Authority after the project was granted outline planning permission last month. Despite a number of objections from residents, largely at the [...]

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DCI offers AML help to vulnerable businesses

DCI offers AML help to vulnerable businesses

| 18/10/2017 | 0 Comments

(CNS Business): Professionals in the real estate sector and dealers in precious metals and stones were offered help and support recently from the Department of Commerce and Investment in ways to combat money laundering and terrorist financing. The sectors are classified as Designated Non-Financi [...]

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Dart finally confirms Ritz acquisition

Dart finally confirms Ritz acquisition

| 13/10/2017 | 64 Comments

(CNS Business): After several months of speculation that Dart Real Estate had acquired the Ritz-Carlton, Grand Cayman but no comment from officials at the company, the Cayman Islands’ biggest property owner has finally announced that it has bought the luxury hotel on Seven Mile Beach. The [...]

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Mobile booze licensees warned to follow rules

Mobile booze licensees warned to follow rules

| 15/10/2017 | 3 Comments

(CNS Business): The chairman of the Liquor Licensing Board has issued a reminder to all mobile licensees to comply with the laws and that their licences are restricted to mobile bartending and limited to private and organised events or functions. There was [...]

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Customs begins registering importers for e-system

Customs begins registering importers for e-system

| 11/10/2017 | 6 Comments

(CNS Business): The Cayman Islands Customs Department will start registering importers Monday, ahead of plans to roll out a new online electronic system for entry declaration in November. The implementation of the new system will require importers to complete and submit entries electronically to [...]

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Premier urges bosses to take part in wage survey

Premier urges bosses to take part in wage survey

| 11/10/2017 | 1 Comment

(CNS Business): Premier Alden McLaughlin is urging all employers to take part in the forthcoming Occupational Wage Survey, as the data collected will be an important tool for government and business in a number of areas, such as re-assessing the current minimum wage and helping young Caymanians m [...]

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