Local Business
Golf course developers to use waste tyres
(CNS Business): Developers of a proposed golf resort in the Frank Sound area have struck a deal with a waste company to use the recycled shredded tyres from the George Town dump as fill for an Arnold Palmer 18-hole golf course. Officials from the Ironwood project said they have signed an agreement with a company that […]
Broken planes challenge CAL fleet
(CNS Business): Cayman Airways Ltd has said that problems over maintenance time, missing parts and damage by a ground vehicle in Tampa caused the many delays and cancellations over the holiday period and beyond. Over the last few weeks around 10% of flights were either rescheduled or delayed by more than two hours and 1% of flights were cancelled […]
CEC added US $70M to local economy
(CNS Business): Cayman Enterprise City officials say that the special economic zone (SEZ) has attracted 60 new companies over the past year, that its impact to the local economy since its creation is nearly US$70 million and that there are now around 300 zone-based employees. Almost five years after former premier McKeeva Bush announced plans for a deal […]
Airport progresses despite rain delaying work
(CNS): Workers have begun erecting the 29,000 square foot steel framed building at Owen Roberts International Airport, the first phase in the expansion plan, which is on schedule despite the weather. Heavy rains in December caused a few delays to the groundwork but the project is on track, according to officials. The Cayman Islands Airport Authority […]
Regulation of movie showings updated
(CNS): The local Film Control Board now has the authority to rate films being shown in Cayman, as the Film Exhibition Control Law (2015) came into effect 1 January. Cabinet has appointed Rita Estevanovich (chair), Tonie Chisholm and Andrew Ebanks to the board for a period of three years. The law also calls for the Department of Commerce […]
Government confirms new booze board members
(CNS Business): A new line-up of faces will be on the Liquor Licensing Board as it moves into a new legislative regime following the implementation of the amended law this month. After more than a decade heading up the board, Mitchell Welds has been replaced by Campbell Law, Corporate Manager at Higgs & Johnson Corporate Services […]
Local college under scrutiny for new accreditation
(CNS Business): The International College of the Cayman Islands (ICCI) is making a bid to be approved by the International Assembly for Collegiate Business Education (IACBE), a professional accrediting organization for college and university business courses. The college’s MBA, MSc in management and its BA in Business Administration, as well as its business associates degree […]
Business owners warned over new fines
(CNS Business): Owners who breach business licence requirements risk receiving tickets for fines from $100 to $2,500 now that the new trade and business license law has come into effect, officials from the ministry of commerce have warned. The amended legislation includes penalties that will be levied on business owners who commit offences ranging from failing […]
Register hopes for flurry of cruise ship business
(CNS Business): Commerce Minister Wayne Panton is hoping that the amendments to the gambling law that came into effect on 1 January will steer in new business for the shipping registry. As well as creating a lawful regime for raffles by nonprofit organisations locally, the changes allow for gambling on cruise ships that are registered in the […]
No take-off yet for proposed new airline
(CNS) BlueSky Airlines, which had originally planned to launch last summer, is still looking for planes to lease and is not expected to get off the ground until the second quarter of 2016, almost a year later than planned. Chief Commercial Officer Mark Ellinger said the firm was making progress towards launching scheduled flight operations […]
New T&B regime kicks off New Year
(CNS Business): With the new trade and business licensing law coming into effect on New Year’s Day, local business owners will need to be up to speed on the amended legislation in order to avoid the increased fines. The goal of the law is to increase compliance rather than punish businesses but there are important […]
C&W bags regional business award
(CNS Business): Local telecommunications firm Cable & Wireless has won a Company of the Year award based on its products and “outstanding customer service”, the firm said in a release. C&W Business, part of the C&W Communications group, has been recognized for the 2015 award by Frost & Sullivan, which presents the award annually to a […]
Caledonian makes ‘no fine’ secret deal with SEC
(CNS Business): A confidential circular sent to the creditors of the Caledonian Bank Limited (CBL), which was brought down following an investigation by the US Securities and Exchange Commission (SEC), has revealed that despite the probe bringing the Cayman-based bank to its knees, there will be no fines levied against the institution over the alleged […]
Tech city to be built in Fairbanks area
(CNS Business): Well over four years after promising a campus to transform Cayman into a technological centre of excellence, the current management team of Cayman Enterprise City has settled on a site in the Fairbanks area of George Town for the tech zone’s actual campus. Since government passed a special law for the proposed project […]
CAL begins Brac-Cuba flights
(CNS Business): Cayman Airways Limited (CAL) has launched the first international flight to and from Holguin, Cuba, and expanded its Miami service to Cayman Brac. The flight to the eastern end of the island nation is designed to complement the airline’s existing flights between Havana and Grand Cayman, and the airline expects some Havana passengers, many […]
Recent comments