Local Business
Travel agents weather the internet storm
(CNS Business): With all the online options for booking flights and hotels, it would be understandable to think that the days of the good, old-fashioned bricks-and-mortar travel agent have gone the way of the dodo. But while the rise of travel websites has siphoned off business and thinned the market somewhat, Cayman is still home […]
Bars need inspections ahead of renewals
(CNS Business): Liquor licence holders in the Cayman Islands have just one month before their annual renewals are due. Licence holders, including those with music and dancing licences, that want to carry on having the right to sell booze need to submit their applications before Friday, 18 August. Before they can submit renewals, their premises must […]
CIMA names two new deputy heads
(CNS Business): The Cayman Islands Monetary Authority (CIMA) has promoted two staff members to top positions within the organisation, as of 1 June 2017. Suzanne Sadlier was named deputy head of the Insurance Supervision Division and Judiann Myles was appointed deputy head of the Compliance Division. Sadlier has been a reinsurance specialist at CIMA since joining […]
Chamber commits to cooperate over disaster relief
(CNS Business): The Chamber of Commerce has signed a statement of purpose alongside Caribbean Central American Action (CCAA), Hazard Management Cayman Islands (HMCI) and Cayman Islands Tourism Association (CITA) to beef up coordination over disaster preparations. “It is vital that we are prepared for any natural disaster,” said Chamber CEO, Wil Pineau.
OfReg to investigate CUC’s solar deal
(CNS Business): With the price of solar energy now falling rapidly and the increase competitive pricing of other alternative fuels, Cayman’s utilities regulator, OfReg, has announced its intention to investigate the process around Cayman’s first commercial-scale renewable energy plant, which opened last week. The regulator said it wants to ensure that lessons are learned to […]
Airport bid pushes out small businesses
(CNS Business): Some of the small business owners that are currently running retail concessions at Owen Roberts International Airport believe they are being pushed out of the bids for the new space. The Cayman Islands Small Business Association (CISBA) has accused the airport authority of creating a request for proposals with confusing paperwork, forcing bidders […]
Workshop offered on growing a business
(CNS Business): The Overseas Countries and Territories Association is hosting a workshop on business incubation and innovation on Friday, 30 June. Business incubators are firms that help new and start-up companies develop by providing services such as management training or office space, and are considered catalysts for regional or national economic development. The workshop is suitable […]
Solar farm blooms despite unique challenges
(CNS Business): The commissioning of Cayman’s first-ever solar farm Tuesday, 20 June, while historic on its own, was also the result of several innovations to accommodate the island’s unique requirements and overcome associated challenges. David March, managing partner of Entropy Investment Management, which partnered with CUC on the project, cited several environmental conditions that made […]
OAG assists overseas counterparts
(CNS Business): As part of its strategic plan for 2015-19, which calls for providing support for the development of public audit across the Caribbean, the Office of the Auditor General Cayman Islands (OAG) recently sent two staff members, Patrick Smith and Winston Sobers, to St Vincent and the Grenadines to begin a twinning arrangement. The […]
Businesses bear brunt of crime spike
(CNS Business): From burglaries at a day care centre and a telecoms shop in the heart of the capital to grocery store stick-ups in Bodden Town, business are bearing the brunt of the latest surge in break-ins and armed robberies. The spike in opportunistic crime has been accompanied by a rise in car thefts, as […]
CUC begins testing new solar facility
(CNS Business): Grand Cayman’s power provider is just a few weeks away from officially opening Cayman’s first ever solar farm. Caribbean Utilities Company (CUC) said in a statement today that it has started testing the facility in Bodden Town. Commissioned in partnership with solar project developer Entropy, the renewable energy 5MW facility is expected to […]
CUC opens up more CORE capacity
(CNS Business): The new utilities regulator has approved the allocation of two more megawatts of capacity for CUC’s Consumer-Owned Renewable Energy (CORE) programme as the 6MW previously allocated has reached its limit. Caribbean Utilities Company (CUC) said that customers will have access to only 1MW right now; the second megawatt will be released before the […]
Hospital begins dispensing cannabis oil
(CNS Business): Grand Cayman’s CTMH Doctors Hospital and Cayman Pharmacy Group has introduced medical cannabis for physician selected patients who are resident in the Cayman Islands. Case studies reveal life changing results for patients suffering with chronic pain, neuropathic pain and seizures, among other health related problems who are treated with cannabis oil. The medicine […]
Caymanian takes over top job at Digicel
(CNS Business): Raul Nicholson-Coe will be taking over the top job at Digicel’s Cayman Islands operation, the firm said in a release Monday. The local telecoms expert, who is currently the chief operating officer with the firm, will take over as chief executive officer from Martin Bould on 1 June. Company officials said Nicholson-Coe will have […]
Regulator seeks input on handling powerful utilities
(CNS Business): The newly formed Utility Regulation and Competition Office (OfReg) has launched a public consultation to seek input on how it will manage and deal with monopolies in the utility sector. Officials said they want people to comment on what criteria and items of evidence should be used in defining relevant markets and assessing […]
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