Local Business
Business students practice skills on local firms
(CNS): A number of small-business owners are getting free consultations from business students at the University College of the Cayman Islands as they try out the lessons learned in the classroom in the real world. Now in its eighth year, the programme is a joint initiative between UCCI and the Ministry of Commerce. During the eight-week […]
Dart buys Hyatt, Beach Suites to close
(CNS Business): Dart Realty (Cayman) has acquired another major piece of property in Grand Cayman’s popular tourist area and where the current hotel operation is set to close down in six months. The island’s largest landholder has bought Beach Suites and the former Hyatt Resort, as well as the Britannia Golf Course but the firm has not revealed […]
Private water firm remains in talks over new licence
(CNS Business): The Consolidated Water Company has said that it is still in talks with the local authorities regarding a new retail licence after its existing deal expired last December. In its operating results for 2015, in which it revealed a drop in sales in both Cayman and the Bahamas but an increase in net […]
Developer begins work on road to proposed hotel
(CNS Business): Developers and politicians were out in force Thursday to announce the start of a road that will lead to a proposed new hotel development in the Beach Bay area. Although the project has not started, developers claim St James Point Resort will begin with a 200-room hotel and 75 residential units managed by undisclosed […]
French bank facing Cayman labour scandal
(CNS Business): BNP Paribas has come under fire locally for reportedly laying off Caymanian employees, attracting the attention of labour enforcement officers, who are said to have visited the bank’s offices in Cayman. CNS Business understands that several Caymanians have been laid off by the French bank, which operates in Cayman providing a range of banking […]
$100k raised for sharks from local beer
(CNS Business): The five cents collected from every bottle of the Cayman Islands Brewery’s White Tip larger has raised more than $100,000 for shark conservation programmes over the last two years and there are high hopes for even more following a new partnership with local artist and marine conservationist, Guy Harvey. White Tip launched a […]
Police train trade officer with new powers
(CNS Business): Under new legislation dealing with the local business environment, the Department of Commerce and Investment’s trade officers now have the same powers as police constables and have therefore been training with the RCIPS to learn what it takes to enforce local laws before they go out into the community and start issuing fines […]
Price hike fuels CUC profits in 2015
(CNS Business): Grand Cayman’s power provider, CUC, cleared a $2 million profit last year as a result of a 3% growth in sales and a hike in the base rate last June, according to its latest financial report. In the last quarter of the year the electricity company saw a an 8% growth in sales, […]
ICTA to tackle network weaknesses
(CNS Business): The managing director of the telecoms regulator has revealed that his agency will be forming a working group to tackle weaknesses in the local telecommunications network after a lightning strike in Miami on Tuesday had a serious impact on local phones and internet. The major hardware failure that affected the MAYA-1 submarine cable […]
ICTA to become utilities regulator
(CNS Business): The Information and Communications Technology Authority is in the process of transitioning into a new Public Utilities Commission (PUC), which will see the electricity, telecommunications, water and fuel regulators come under one umbrella. Among its goals is to provide a way for consumers to complain about their utility service providers, the authority said. […]
Telecoms industry under pressure to shape up
(CNS Business): The Information & Communications Technology Authority has announced that it will be prioritizing quality of service standards in the local telecoms sector, specifically ensuring that broadband customers get what they pay for, as well as improving access and competition for everyone living in the Cayman Islands, regardless of the district.
Chamber fumes quietly over Rivers’ comments
(CNS Business): Stuck between a desire to rail against criticisms levelled at it by the employment minister and a wish to show its willingness to cooperate with government, the Chamber of Commerce responded with a short public statement Tuesday. “In order to keep the focus on moving forward, the Chamber will state only that it is concerned […]
Chamber and CIG make up over unemployment
(CNS Business): The Cayman Islands Chamber of Commerce and the government have agreed to work together to address the unemployment challenges facing the country. After several weeks of finger pointing between government and the Chamber over the issue of employing local workers, the newly elected Executive Committee said they had agreed to “identify ways to stimulate economic growth which […]
New Chamber boss berates job protectionism
(CNS Business): As local politicians and the private sector become increasingly at odds over the growing number of work permit numbers in the face of increasing local unemployment, the new president of the Chamber of Commerce has made it clear that its membership will not support any kind of limit on permits. Paul Pearson, a […]
Bodden fires parting shots at government
(CNS Business): The departing president of the Chamber of Commerce took aim at the employment minister and the premier in his parting address last week. Barry Bodden, who had completed twelve months as the business body’s leader, criticised Tara Rivers’ failure to engage with the Chamber over the labour bill, the failure of the NWDA […]
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