RSSLocal Business

Foreign investors must prove effort to find local partners

Foreign investors must prove effort to find local partners

| 23/09/2016 | 2 Comments

(CNS): As the Department of Commerce and Investment steps up the enforcement of the Local Companies (Control) Licence Law, it has said that foreign investors who are placing newspaper advertisements seeking Caymanian participation in potential business ventures must direct people to the Trade and [...]

Continue Reading

Work steps up on airport expansion

Work steps up on airport expansion

| 23/09/2016 | 2 Comments

(CNS Business): Officials at Owen Roberts International Airport’s (ORIA) are warning passengers that work is stepping up at the facility on the renovation and expansion project. This means that travellers will see construction at both ends of the existing terminal over the next few weeks that w [...]

Continue Reading

Minister: Investment will be agriculture conference focus

Minister: Investment will be agriculture conference focus

| 21/09/2016 | 0 Comments

(CNS Business): Agriculture Minister Kurt Tibbetts has said that “the challenge of attracting capital investment has long been recognised as a major constraint for the development of agriculture in the Caribbean”. As the host of the 14th Annual Caribbean Week of Agriculture next month (CWA), [...]

Continue Reading

CAL climbs out of fiscal hole

CAL climbs out of fiscal hole

| 11/09/2016 | 5 Comments
(CNS Business): The chair of Cayman Airways Ltd told the Public Accounts Committee Thursday that he expects the airline to have cleared its bank loan debts within three years because a number of factors have combined to help it climb out of the “hole it was in” a few years ago. Talking about the [...]

Continue Reading

CAL’s US$21M subsidy keeps airline flying

CAL’s US$21M subsidy keeps airline flying

| 08/09/2016 | 30 Comments

(CNS Business): The latest audit of the national flag carrier has reinforced the fact that while Cayman Airways Ltd is turning its financial losses around, it is still very heavily dependent on a government subsidy of around US$21 million per year and would not be a viable entity without it. But [...]

Continue Reading

Caymanian med students get chance to work under Shetty

Caymanian med students get chance to work under Shetty

| 08/09/2016 | 3 Comments

(CNS Business): Health City Cayman Islands in East End is planning to send four Caymanian college students on pre-med programmes to India next year to work for a month with Dr Devi Shetty, who spearheaded Cayman’s specialist hospital, at one of his Narayana hospitals. Richard Parchment, th [...]

Continue Reading

Local women encouraged to pursue maritime study

Local women encouraged to pursue maritime study

| 07/09/2016 | 2 Comments

(CNS Business): Premier Alden McLaughlin has said he hopes to see more young women in the Cayman Islands make use of education-based government funding to consider maritime careers. Speaking at the inaugural Women in Maritime Association Caribbean (WiMAC) conference this week, he said, “This y [...]

Continue Reading

Trade talks with Honduras ‘sincere’

Trade talks with Honduras ‘sincere’

| 07/09/2016 | 1 Comment

(CNS): Increasing flights between Cayman and Honduras, organising direct imports from the Central American country and an undersea telecommunications cable were key issues on the talks agenda when President Juan Orlando Hernandez and his delegation met with Cayman Islands officials here last wee [...]

Continue Reading

DCI steps up oversight of local expat businesses

DCI steps up oversight of local expat businesses

| 07/09/2016 | 1 Comment

(CNS Business): The Department of Commerce and Investment has introduced tighter controls to “better uphold” the legislation that governs the regime surrounding Local Companies (Control) Licences. Companies that are created with international and Caymanian partners remain a controversial area [...]

Continue Reading

Developers select golf course contractors

Developers select golf course contractors

| 06/09/2016 | 8 Comments

(CNS Business): A Florida-based general contractor has been named as the developers of the much-anticipated Ironwood golf community to work on the proposed golf course and infrastructure works, officials said Monday. Described as a $1.1 billion development around an Arnold Palmer golf course, th [...]

Continue Reading

CUC begins to shape future energy plan

CUC begins to shape future energy plan

| 01/09/2016 | 3 Comments

(CNS Business): The monopoly power provider on Grand Cayman has brought in consultants to begin drawing up potential future plans for CUC to consider to maintain a safe, reliable and viable electricity supply for the next three decades. Integrated Resource Plan (IRP) will set out a proposal for [...]

Continue Reading

CIG’s Honduras day-trip paves way for deals

CIG’s Honduras day-trip paves way for deals

| 19/08/2016 | 15 Comments

(CNS Business): The government is hoping Honduras could serve as a new source of imports for the Cayman Islands and a new gateway for Cayman Airways. On a day trip to Roatan on Tuesday, the premier led a delegation to discuss future trade deals between the Central American country and Cayman. Al [...]

Continue Reading

DCI prepares to call time on booze licencees

DCI prepares to call time on booze licencees

| 16/08/2016 | 0 Comments

(CNS Business): The Department of Commerce and Investment (DCI) is urging liquor licence holders to submit their applications ahead of Friday’s deadline, otherwise they will have to apply again from scratch. Officials are concerned that, based on the number of applications they have received so [...]

Continue Reading

Airport retail space up for grabs

Airport retail space up for grabs

| 16/08/2016 | 9 Comments

(CNS Business): As the Cayman Islands Airports Authority (CIAA) continues work on the redevelopment of Owen Roberts International Airport (ORIA), it is about to begin an open tender for all the retail spaces at the new facility, which is set to open in 2018. A total of seventeen potentially lucr [...]

Continue Reading

Tech zone makes deal for conference series

Tech zone makes deal for conference series

| 16/08/2016 | 1 Comment

(CNS Business): Cayman Enterprise City (CEC) has announced a five-year deal with the Internet Marketing Association to host annual Impact Cayman conferences on the islands over the next five years, and is expected to attract overseas delegates and boost visitor numbers. The first conference was [...]

Continue Reading