Local Business
Airport boss said project will be ‘challenging’
(CNS Business): Renovating and expanding the Owen Roberts International Airport while keeping it open to the public will be challenging, the Cayman Islands Airports Authority CEO Albert Anderson said Thursday, but the management will do all it can to minimise the impact on travellers. He said much of the work will be done at night and when […]
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 […]
Arch & Godfrey secures first airport contract
(CNS Business): The contract to develop the first phase of the renovation of the George Town airport has been won by local construction firm Arch & Godfrey. The $3.6 million contract for this first part of the more than $40 million long-awaited project to redevelop Owen Roberts International, which is to build a new baggage […]
Small Business Association ready to lobby government
(CNS Business): Having finally, after seven years, obtained ‘non-profit organisation’ status, the Cayman Islands Small Business Association (CISBA) is now ready to re-energise its membership and to lobby government on behalf of small and micro businesses and the 17,000 or so people they employ. Among the items on its agenda is to advocate for tiered work […]
Micro business fee waiver extended for another year
(CNS Business): Owners of micro business or would-be entrepreneurs planning to start one can look forward to another year of reduced fees now that Cabinet has extended the waiver for very small businesses across all three islands, as well as the 50-75% reduction for small businesses. Commerce Minister Wayne Panton recently lauded the success of the […]
Local trade website hack hits 1,000s of users
(CNS Business): The Cayman-based web directory and trading site, Ecay Business, has been hacked, impacting what the local regulator has said is thousands of user accounts, passwords and email addresses. Users are being urged to change their passwords and any other passwords they use on other sites similar to the ones used on Ecay.
LIME promotes young Caymanian to HR manager
(CNS) Local telecommunications firm LIME has appointed Matthew Seales as its new human resources manager for the Cayman business. Seales has worked for LIME Cayman Islands for the last seven years, having started as a retail sales associate and worked his way up to retail sales manager, looking after several stores. Now, officials said, he will […]
Private sector development boom fails to materialize
(CNS Business): Progress on the private sector construction projects government is depending on to boost the local economy is thin on the ground as the PPM administration passes its halfway mark. From Frank Sound to George Town, government has touted a number of proposed developments by private sector investors that it is hoping will create […]
Ministry wraps up pensions public meetings
(CNS Business): Community members gathered one last time on Thursday night at the George Town Town Hall to discuss the proposed changes the Ministry of Employment and the Department of Labour and Pensions have suggested in the National Pensions Law 2015. Minister of Employment Tara Rivers said the ministry set out to gain public input […]
Cayman Airways reveals new aircraft
(CNS Business): Cayman Airways expanded their aircraft fleet on Friday with a new turboprop plane that will exclusively service between Grand Cayman and Cayman Brac. The 34-seater Saab 340B+ aircraft will replace the 30-seat Embraer E120 service, which is currently operated under a wet-lease arrangement with InterCaribbean Airlines.
Gas prices on the rise
(CNS Business): The planning minister has questioned the basis for the increase of fuel prices and suggested that oil companies are “making hay while the sun shines”. Kurt Tibbetts continues to push for some type of public utilities commission to oversee the islands’ two major fuel distributors. Such a body will have the power to check and order […]
Road extension set to start November
(CNS Business): Two years after the Ironwood project was announced, developers said they are finally set to break ground on the $360 million commercial, tourism and residential community in Frank Sound by the end of this year. The uncertainty surrounding the future development of Cayman’s first ever PGA championship golf course has been questioned and […]
CUC claims 99.95% reliability in latest results
(CNS Business): Grand Cayman’s monopoly provider claimed that it had a near perfect rate of keeping the island connected in the second quarter of this year. Despite a blackout across George Town in April that lasted more than four hours, Caribbean Utilities Company (CUC) said that customers on average experienced less than one outage lasting under an […]
Builders Bill heading for the LA
(CNS Business): The long debated Builders Bill, which would create more accountability in Cayman’s construction industry and protect those who hire contractors, will make its way to the Legislative Assembly when parliamentary meetings continue next month. The bill, which is on government’s agenda for 12 August, is an update to the law passed in May […]
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.
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