Local Business
Minister: Investment will be agriculture conference focus
(CNS Business): Agriculture Minister Kurt Tibbetts has said that “the challenge of attracting capital investment has long been recognised as a major constraint for the development of agriculture in the Caribbean”. As the host of the 14th Annual Caribbean Week of Agriculture next month (CWA), which the minister said placed agriculture and rural life on the […]
CAL climbs out of fiscal hole
(CNS Business): The chair of Cayman Airways Ltd told the Public Accounts Committee Thursday that he expects the airline to have cleared its bank loan debts within three years because a number of factors have combined to help it climb out of the “hole it was in” a few years ago. Talking about the turnaround in fortunes of the airline, Philip Rankin said they were “seeing the fruits of our labour now”, as he pointed to the falling debt, as well as cuts in expenses and operating losses. Rankin said the debt was now around US$19 million and bank loans would be cleared in less than three years.
CAL’s US$21M subsidy keeps airline flying
(CNS Business): The latest audit of the national flag carrier has reinforced the fact that while Cayman Airways Ltd is turning its financial losses around, it is still very heavily dependent on a government subsidy of around US$21 million per year and would not be a viable entity without it. But the management team has […]
Caymanian med students get chance to work under Shetty
(CNS Business): Health City Cayman Islands in East End is planning to send four Caymanian college students on pre-med programmes to India next year to work for a month with Dr Devi Shetty, who spearheaded Cayman’s specialist hospital, at one of his Narayana hospitals. Richard Parchment, the manager for HCCI’s Healthcare Explorers Programme, told CNS […]
Trade talks with Honduras ‘sincere’
(CNS): Increasing flights between Cayman and Honduras, organising direct imports from the Central American country and an undersea telecommunications cable were key issues on the talks agenda when President Juan Orlando Hernandez and his delegation met with Cayman Islands officials here last week. Premier Alden McLaughlin said the bilateral talks which started in Honduras last […]
Local women encouraged to pursue maritime study
(CNS Business): Premier Alden McLaughlin has said he hopes to see more young women in the Cayman Islands make use of education-based government funding to consider maritime careers. Speaking at the inaugural Women in Maritime Association Caribbean (WiMAC) conference this week, he said, “This year government appropriated $152 million, or about US$190 million, for education purposes, […]
DCI steps up oversight of local expat businesses
(CNS Business): The Department of Commerce and Investment has introduced tighter controls to “better uphold” the legislation that governs the regime surrounding Local Companies (Control) Licences. Companies that are created with international and Caymanian partners remain a controversial area for government as allegations of fronting persist. From 1 September, Caymanians who participate in potential business […]
Developers select golf course contractors
(CNS Business): A Florida-based general contractor has been named as the developers of the much-anticipated Ironwood golf community to work on the proposed golf course and infrastructure works, officials said Monday. Described as a $1.1 billion development around an Arnold Palmer golf course, the developers have been in discussions with the current and previous government […]
CUC begins to shape future energy plan
(CNS Business): The monopoly power provider on Grand Cayman has brought in consultants to begin drawing up potential future plans for CUC to consider to maintain a safe, reliable and viable electricity supply for the next three decades. Integrated Resource Plan (IRP) will set out a proposal for renewable energy and consider what the technological […]
CIG’s Honduras day-trip paves way for deals
(CNS Business): The government is hoping Honduras could serve as a new source of imports for the Cayman Islands and a new gateway for Cayman Airways. On a day trip to Roatan on Tuesday, the premier led a delegation to discuss future trade deals between the Central American country and Cayman. Alden McLaughlin and Deputy […]
DCI prepares to call time on booze licencees
(CNS Business): The Department of Commerce and Investment (DCI) is urging liquor licence holders to submit their applications ahead of Friday’s deadline, otherwise they will have to apply again from scratch. Officials are concerned that, based on the number of applications they have received so far, most licencees are leaving things until the last minute […]
Airport retail space up for grabs
(CNS Business): As the Cayman Islands Airports Authority (CIAA) continues work on the redevelopment of Owen Roberts International Airport (ORIA), it is about to begin an open tender for all the retail spaces at the new facility, which is set to open in 2018. A total of seventeen potentially lucrative spaces will be up for […]
Tech zone makes deal for conference series
(CNS Business): Cayman Enterprise City (CEC) has announced a five-year deal with the Internet Marketing Association to host annual Impact Cayman conferences on the islands over the next five years, and is expected to attract overseas delegates and boost visitor numbers. The first conference was held in April after Premier Alden McLaughlin attended the IMA’s […]
CUC earnings boosted by hot weather
(CNS Business): Sales were up by 7% for CUC during the second quarter of 2016, the firm has reported. While this was partly due to a slight increase in customer numbers, the main factor was the warmer weather, as the average temperature for the period was up by almost a full degree and people turned […]
NWDA on hunt for potential interns
(CNS): The National Workplace Development Agency is looking for people to join in its National Internship Programme. The NWDA said this initiative provides opportunities for unemployed young adults to get practical experience and develop their skills. Launched in 2014, the programme has had a number of successful partnerships with various companies in the community and […]
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