Local Business
Brokers break away from CIREBA
(CNS Business): The majority of realtors in Cayman are members of the not-for-profit industry organisation, the Cayman Islands Real Estate Brokers Association (CIREBA). However, many real estate company owners are speaking out and telling CNS Business it’s time break away from the organisation’s “stranglehold” and make a change.
ESO’s annual surveys start Monday
(CNS Business): Starting on Monday 30 March, the Economics and Statistics Office (ESO) will conduct multiple surveys to measure the economic performance in the Cayman Islands. The annual surveys apply to all who produce goods and services in the area.
Cayman updating copyright law
(CNS Business): Minister of Commerce Wayne Panton announced the Cayman Islands would soon be falling under the UK’s umbrella regarding copyright laws. The minister explained the aim is to offer stronger intellectual property protection that is in line with Britain.
DCI encourages young entrepreneurs
(CNS Business): The Department of Commerce and Investment (DCI) is looking for young entrepreneurs between the ages of 15 and 21 to compete in the Business Plan Competition at the Small-Business Expo on Saturday 18 April.
Boss fined $8,500 for not insuring workers
(CNS Business): A local employer has been fined $8,500 for failing to pay the necessary health insurance for a worker. Caytech Electronics and its owner, Marcelo Franca, admitted the infraction and pleaded guilty to not insuring the staff member and his family for almost two years. On 10 March Magistrate Angelyn Hernandez imposed the fine, […]
George Town bars battle over hours
(CNS Business): An application by the owner of the Roof Top Lounge on Mary Street to change the licence from a bar to a nightclub faced objections from other bar owners in the capital and allegations were flying back and forth at the liquor licensing board meeting Friday. Donna Myrie, who owns the cocktail-style bar, […]
Cayman restaurants to get taste test
(CNS Business): The Best Dressed Chicken and Jamaica Observer have announced the Cayman Islands edition of the Table Talk Food Awards. On Thursday residents of the Cayman Islands and Jamaica gathered to launch the event that will showcase our islands’ culinary excellence.
CUC sells off shares to raise $30M
(CNS Business): Shareholders in Caribbean Utilities Company (CUC) are being invited to buy more shares in the local power provider as it seeks to raise around US$31 million to help fund extra generating capacity. The rights offering to existing shareholders only, for Class A ordinary shares, opens on 27 March and will close on 30 […]
New board member for Chamber Pension Plan
(CNS Business): A new trustee has been appointed to the Chamber Pension Plan Board of Trustees. Financial services professional Rhonda Anderson will now join the board, following the term fulfillment of a previous trustee. Anderson has nineteen years of experience in the offshore financial services industry, with over fifteen of those as a financial controller.
Chamber calls for mandatory listing of job-seekers
(CNS Business): The president of the Chamber of Commerce has called on government to introduce some kind of mandatory registering of the unemployed and better statistics relating to genuine job seekers. Barry Bodden said that the Cayman economy was improving and poised for growth, which he said would “outpace the local labour pool”, but the […]
Popular GT restaurant closing down
(CNS Business): After more than a decade of serving the people of the Cayman Islands and tourists from all over the world, Breezes By the Bay restaurant will close its doors on 3 April. Breezes has been a landmark for the George Town waterfront for the past 12 years. However, the Tropical Trader Restaurant Group has […]
Redesign of ORIA unveiled
(CNS Business): The Cayman Islands Government said it’s time for residents and tourists to experience a world-class airport, and they hope to do just that with their brand new design of Owen Roberts International Airport. On Monday government and airport officials unveiled the new concept of a state-of-the-art airport, with a price tag of $55 […]
Two RICS initiatives adopted by CI
(CNS Business): Two new RICS initiatives, recently adopted by the Cayman Islands, are set to bring a new level of standards to property valuation to the islands and across the Caribbean. After talks between the RICS, Cayman Islands’ Lands & Survey Department and the Valuation & Estates office, Cayman officially adopted the new standard for […]
Jobs benefits survey confidential, says PwC
(CNS Business): On Friday officials from PricewaterhouseCoopers Human Capital Consulting Ltd (PwC) stressed that the value and need for a compensation and benefits survey is more crucial than ever for the Cayman Islands’ workforce. Alistair McNeish, Managing Director of PwC, stated at a the official launch of the PwC and CISHRP Compensation Benefits Survey conference […]
Revitalization of George Town critical
(CNS Business): Cayman Island Government leaders are emphasizing for the need for partnership with private sectors to work together to improve downtown George Town. On Thursday the Royal Institution of Chartered Surveyors held it’s second RICS Property Conference, with around 200 government officials and industry leaders at the Grand Cayman Marriott Beach Resort.
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