Local Business
Government encourages women into business
(CNS): The Ministry of Education, Employment and Gender Affairs is hosting a ‘Lunch and Learn’ session on Wednesday, 30 November, to promote women in business to mark Women’s Entrepreneurship Day. Gender Affairs Minister Tara Rivers said economic participation was crucial to gender equality and the lunch was aimed at celebrating women who own or lead […]
C&W appoints new CEO to manage transition
(CNS Business): The regional communication company Cable &Wireless Communications has appointed John Reid as CEO of the company to manage its transition after Liberty Global bought the firm earlier this year. Reid will be based in Miami and is tasked with aligning the former UK-based company with Liberty’s Latin America and Caribbean division, according to […]
CIG to use private sector more in fleet maintenance
(CNS Business): The government has said it will be using the private sector more when it comes to the maintenance of its small vehicle fleet but ongoing reviews of the public sector, which are currently focused on planning ministry departments, are a long way from privatization. Officials said the roll-out of the CIG Vehicle Standardisation, […]
Plans to cut dredging go to cruise lines
(CNS): The tourism ministry councillor, Joey Hew, has claimed that the cruise port’s new design reduces the dredging footprint, as government prepares to begin the tender process for the controversial project, which it maintains will be underway before the election. With the tourism ministry’s review of the revised design plans completed, Hew said they had […]
Cayman promotes its new intellectual rights regime in US
(CNS): Officials from the Cayman Islands Intellectual Property Office (CIIPO) are heading to Florida this week to promote the country’s new regime. Deputy Registrar General Donnell Dixon said the invitation to the International Trade mark Association (INTA) Leadership Meeting was recognition of how important Cayman is in this market, despite only just having passed a […]
Power consumption and development fuels CUC
(CNS Business): CUC’s profits fell in the third quarter of this year by half a million dollars compared to last year due to higher depreciation and finance charges the company expected to sustain after completing its new generator project in June. The loses were partially offset by higher electricity sales revenue, the firm stated in […]
Industry analysts find Flow fastest local provider
(CNS Business): Independent telecoms analyst Ookla, which operates speedtest.net, an online portal that measures internet speeds, has found that Flow has the fastest broadband and mobile services in the Cayman Islands, based on raw data records for the past six months. Regardless of ongoing complaints that internet service in the Cayman Islands from all of […]
Plug pulled on local electrical contractors
(CNS Business): As many as 60 people could have lost their jobs after a leading electrical firm went bust. MEPCO, which was created in 2008 and owned by local businessmen Jimmy Laurenson and Michael Brown, is now in the hands of liquidators. Despite having a significant presence on the island and what appeared to be […]
Frustrations mount over GT waterfront project
(CNS Business): Following confirmation last week that the Central Planning Authority had conceded that planning permission had been granted in error for a waterfront development in George Town, the neighbouring landowner who had appealed the CPA’s decision to grant permission has raised his concerns that the project is continuing. Chris Johnson has said he wants […]
C&W reveals capability upgrade to Cay-Jam fibre network
(CNS Business): Cable and Wireless has said that it is starting an upgrade project this weekend adding 100Gbps capability to the Cayman-Jamaica Fiber System (CJFS) and the cable landing station at Eastern Avenue, George Town. This increased capability is designed to complement the firm’s increased Maya-1 cable system capacity, which lands at High Rock in […]
Booze board boss quits before first year is out
(CNS): The chairman of the Liquor Licensing Board, who was appointed in January, has quit before completing even the first year of his four-year tenure. A release from the Department of Commerce and Investment said that Campbell Law had resigned as chair to avoid a conflict of interest. In his notice to the board the […]
Flow increases broadband on Cayman Brac
(CNS Business): Telecommunications provider Flow say they have improved broadband speeds on Cayman Brac, claiming that customers on that island are now able to obtain speeds of at least 15mbps. In addition to the Broadband upgrades, all residential phone lines have been moved to a new state-of-the-art telephone switch platform which will improve resiliency and […]
Lund returns to desk on road to recovery
(CNS Business): Well-known local real estate agent Kim Lund recently returned to Grand Cayman and is back in the thick of buying and selling local property. The owner and broker at ReMax fell from the roof of his house in August and sustained a serious spine injury but has now begun the road to recovery. […]
Foreign investors must prove effort to find local partners
(CNS): As the Department of Commerce and Investment steps up the enforcement of the Local Companies (Control) Licence Law, it has said that foreign investors who are placing newspaper advertisements seeking Caymanian participation in potential business ventures must direct people to the Trade and Business Licensing Board because the law requires the board to consider […]
Work steps up on airport expansion
(CNS Business): Officials at Owen Roberts International Airport’s (ORIA) are warning passengers that work is stepping up at the facility on the renovation and expansion project. This means that travellers will see construction at both ends of the existing terminal over the next few weeks that will impact the normal flow of foot traffic around […]
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