Government
OAG assists overseas counterparts
(CNS Business): As part of its strategic plan for 2015-19, which calls for providing support for the development of public audit across the Caribbean, the Office of the Auditor General Cayman Islands (OAG) recently sent two staff members, Patrick Smith and Winston Sobers, to St Vincent and the Grenadines to begin a twinning arrangement. The […]
Caymanians advance at Community Rehabilitation
(CNS Business): The Department of Community Rehabilitation (DCR) has promoted three young Caymanians, one to a newly created management position. Lisa Malice, Erica Ebanks and Kacey Mobley have all moved up the ladder at the department. Malice has taken on the new role of deputy director of DCR. “It’s truly an honour to be appointed […]
Cayman retains Moody’s credit ratings
(CNS Business): The Cayman Islands has kept its international credit rating from Moody’s of Aa3 for its government’s bonds issued in a foreign currency, and an Aa2 rating for long-term foreign currency ceiling bonds and notes. Finance Minister Marco Archer said the rating and stable outlook for the jurisdiction was “attributed primarily to a very […]
Regulator seeks to gain trust with consistency
(CNS Business): The newly appointed boss of the government’s newest regulator says there are several challenges ahead for the new office but one of the most important is gaining the trust of the stakeholders across the utilities that he and the team will be regulating. Consistency, transparency, impartiality and independence will be key to forging […]
CIG to use private sector more in fleet maintenance
(CNS Business): The government has said it will be using the private sector more when it comes to the maintenance of its small vehicle fleet but ongoing reviews of the public sector, which are currently focused on planning ministry departments, are a long way from privatization. Officials said the roll-out of the CIG Vehicle Standardisation, […]
CAL’s US$21M subsidy keeps airline flying
(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 the management team has […]
Government bean counters join private sector for conference
(CNS Business): Public sector accounts and other staff will be joining with experts from the private sector during a professional development conference this week hosted by the Cayman Islands Society of Professional Accountants (CISPA) and government and supported by the Office of the Auditor General. The three-day seminar will focus on a variety of relevant […]
Chamber leader accuses CIG of appeasing minorities
(CNS Business): The Labour Relations bill is an example of legislation drafted to appease the concerns of a small minority and not the fix needed to grow the economy, the Chamber of Commerce president said in his address at the Legislative Lunch last week. Barry Bodden made it clear that the Chamber does not support […]
Business law to create equity for local commerce
(CNS): Revisions to the Trade and Business Licensing Law passed in the Legislative Assembly almost a year ago are expected to create a fairer environment for local commerce and increase compliance when the legislation is finally implemented next month. The main goal is to curtail illegal vending and make compliance easier, so the law offers […]
Estonians to teach CIG about e-government
(CNS): A team of experts from the Baltic state of Estonia will be sharing their knowledge and experience with government officials this week about best practices in e-governance. Although successive administrations have pointed to the power of the web as a way of increasing government efficiency and cutting costs, Cayman has been slow to use […]
Chamber offers inside look at planned procurement bill
(CNS Business): The government’s newly appointed director of the Central Procurement Office, Craig Milley, will be presenting a draft of the proposed legislation to deal with public contracts, major purchases and government acquisition to the Chamber of Commerce next week. The new bill, which is designed to tighten up on government’s major spending after years […]
Cayman Shipping Registry in top six
(CNS Business): A division of the Maritime Authority of the Cayman Islands is making waves in a recently published shipping performance report. In the Tokyo Port State Control 2014 Annual Report, the Cayman Islands Shipping Registry is listed as one of the six best performing Maritime Administrations.
New T&B licence law will help small business
(CNS Business): Several pieces of legislation recently passed will soon take effect, changing how some local and small businesses operate in the Cayman Islands, and government officials said the new Trade and Business Law is central to these change efforts. Under the new law, rogue contractors who do not have qualified personnel or fail to […]
KT to present plans for revitalization of capital
(CNS Business): The revitalization of George Town has been a topic of conversation for several years. In March, Cayman Island’s Government leaders stressed how critical the update was at the RICS Property Conference. Now, government officials are taking the proposed idea to the next level by unveiling the proposed plans at a Chamber of Commerce […]
ICTA website gets facelift and improves access
(CNS): The Information & Communications Technology Authority (ICTA) has launched a new website that brings the regulator into the 21st century, offering greater access to everything, from buying KY domain names to links for streaming all local radio stations. Aiming to provide an enhanced level of service to its primary clients, the general public and ICT […]
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