Local Business
UCCI students gain experience at CIAA
(CNS Business): Students from the University College of the Cayman Islands’ (UCCI) School of Hospitality Studies are gaining hands on experience at the Cayman Islands Airports Authority (CIAA), which is part of a partnership between UCCI and local businesses to give students a chance to learn more about the hospitality and customer service industry. Over […]
CUC raises $50m to fund new diesel plant
(CNS Business): Grand Cayman’s power supplier has raised $50 million in the US markets from an unsecured private debt placement. Caribbean Utilities Company (CUC) raised the cash from different institutional investors to finance the development of a 39.7 MW diesel power plant and other capital expenditures. CUC was recently awarded the contract to supply itself […]
CIG’s infrastructure plans inspire conference theme
(CNS Business): Organisers of a property and construction conference schedule to take place in Grand Cayman in March next year said the theme for the industry gathering is inspired by the Cayman government’s plans to prioritize a number of major infrastructure projects. Some 200 delegates are expected at the Royal Institution of Chartered Surveyors (RICS) […]
HR professionals gen up on Immigration technology
(CNS Business): Thirty people from Chamber of Commerce member companies recently took advantage of a free workshop delivered by immigration officials. The HR personnel were walked through the Immigration On-Line (IOL) facility offered by the government department. IOL was described as a powerful tool that business owners and HR staff can use to efficiently manage […]
Treasure Island resort goes bust
(CNS Business): The future of one of Grand Cayman’s long standing resorts is in jeopardy after receivers were appointed last week to deal with Treasure Island. Restoration Cayman Ltd, the company that owns the 280-room resort on Seven Mile Beach in the heart of the tourist district, has gone into receivership in the face of […]
Planning sought for solar power
(CNS Business): A renewable energy providers which is currently in discussions with Caribbean Utilities Company (CUC), the power distributors for Grand Cayman, has applied for planning permission to start the development of a 5MW solar power plant. According to CUC, which is currently the sole supplier of electricity for the island, it is anticipated that […]
Bank remains mum on potential local job losses
(CNS Business): Following the announcement last week by Canada’s Scotiabank that it will be closing some 35 branches in the Caribbean region, with a potential loss of over 500 jobs, it is not clear how many of them will be in the Cayman Islands. Ahead of its fourth quarter earnings announcement next month, the bank […]
Job agency introduces specialist accounts training
(CNS Business): As local people continue to face an uphill struggle to find work, fourteen job seekers completed a Colour Accounting training course recently via the National Workforce Development Agency, which experts say will help them in their job hunt. Described as a “revolutionary new way to learn accountingâ€, the course was sponsored by the […]
New manager for Chamber Pension Plan
(CNS Business): The Chamber of Commerce Pension Plan has appointed Randall Fisher as the new director of operations, and Paul Schreiner has been elected to be the next chairperson for the Board of Trustees. Fisher, who has been serving as the acting office manager since July, has over 25 years of experience in the financial services industry […]
Agreement reached over poached channels
(CNS Business) After a lengthy copyright dispute, WestStar’s new owners have landed an agreement with HBO Latin America for the distribution and broadcast of HBO/MAX channels. This agreement comes after the recent take-over of WestStar by telecommunications company Logic. After accusing WestStar of intercepting US Satellite broadcasts and distributing its content to their subscribers, HBO […]
Shippers club worries retailers
(CNS Business): Cayman’s local shipping lines appear to have joined the Caribbean Shipowners Association (CSA), which local retailers fear will lead to future price hikes that will have to be passed on to customers. Some local merchants and wholesalers have raised concerns that with Hybur, Seaboard Marine and Tropical Shipping all joining the association and […]
Cayman showcased as luxury destination
(CNS Business): The Cayman Islands will be featured in a hit TV show that highlights how wealth is achieved, used and enjoyed, thanks to a pitch made by local fibre optic company, C3 Pure Fibre, to cable TV network AWE. The network sent a film crew to Cayman in June to film the luxurious lifestyle […]
Young Caymanians join law firm as articled clerks
(CNS Business): Walkers has announced the appointment of three new Caymanian articled clerks. Renee Prendergast, Arleth Ebanks and Rebecca Peck, who are all former Walkers scholarship recipients, have completed their legal education and have now begun Walkers’ Articled Clerk Training Programme. Over the next 18 months they will undergo rigorous training with the firm and will […]
$21m top up keeps CAL flying
(CNS Business): Despite an increase in the output funding from government to Cayman Airways Limited (CAL) to ensure the national flag carrier can support tourism related and domestic routes, as well as a growth in general revenue in 2012, the airline still ended the year with a more than $4.3 million loss. Government boosted its […]
Last chance for tourism job drive this Saturday
(CNS Business): The Cayman Islands Tourism Association (CITA) is once again partnering with the National Workforce Development Agency (NWDA) to host CayTED (Cayman Tourism Employment Drive). The first drive dates took place on 18 October and the second will be this Saturday 25 October. Anyone who is unemployed and wants to qualify to be screened […]
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