Technology
CORE programme grows another 2MW
(CNS Business): The Electricity Regulatory Authority (ERA) has sanction an expansion of Caribbean Utilities Company’s Consumer-Owned Renewable Energy (CORE) Generation Programme, which will see more residential and commercial customers who are using alternative power, such as solar and wind, to feed back another two megawatts of power to the grid. The Feed-in Tariffs (FITs) programme, […]
Business email scammers target Cayman
(CNS Business): There has been an increase in wire transfer frauds by email against Cayman Islands businesses and government entities, the new Cybersecurity Incident Response Team, CIRT-KY, has warned. The internet security arm of the Information and Communications Technology Authority (ICTA), CIRT-KY said the scammers are masquerading as legitimate businesses in an attempt to make unauthorised wire transfers. “Actors use the compromised […]
Telecoms industry under pressure to shape up
(CNS Business): The Information & Communications Technology Authority has announced that it will be prioritizing quality of service standards in the local telecoms sector, specifically ensuring that broadband customers get what they pay for, as well as improving access and competition for everyone living in the Cayman Islands, regardless of the district.
CEC added US $70M to local economy
(CNS Business): Cayman Enterprise City officials say that the special economic zone (SEZ) has attracted 60 new companies over the past year, that its impact to the local economy since its creation is nearly US$70 million and that there are now around 300 zone-based employees. Almost five years after former premier McKeeva Bush announced plans for a deal […]
Tech zone tenant offers to train locals in specialist work
(CNS Business): A manufacturing company which makes special purpose components for the information and communications technology sector has said it is looking to train two or three local science graduates for jobs at the company. According to a release from Cayman Enterprise City (CEC), Fabrilink SEZC, a tenant in the designated special economic zone, intends […]
C&W bags regional business award
(CNS Business): Local telecommunications firm Cable & Wireless has won a Company of the Year award based on its products and “outstanding customer service”, the firm said in a release. C&W Business, part of the C&W Communications group, has been recognized for the 2015 award by Frost & Sullivan, which presents the award annually to a […]
Tech city to be built in Fairbanks area
(CNS Business): Well over four years after promising a campus to transform Cayman into a technological centre of excellence, the current management team of Cayman Enterprise City has settled on a site in the Fairbanks area of George Town for the tech zone’s actual campus. Since government passed a special law for the proposed project […]
C&W sold to Liberty Global
(CNS Business): International telecommunications and cable TV company Liberty Global has bought Cable & Wireless Communications (CWC), the parent company of Flow, for £5.4 billion (US$8.2 billion), which includes £1.8bn of debt. This follows the $3.3bn takeover by CWC of regional competitor, Columbus International, on 31 March of this year, through which they also acquired Flow, which has […]
Digicel ditches plans for shares sale
(CNS Business): Regional telecommunications provider Digicel has ditched its plans for an international public offering of its shares, the firm said Tuesday, despite what it claimed had been “significant support … from a high quality group of investors during the marketing period”. Digicel said that current conditions, particularly in emerging markets, had impacted transaction momentum over […]
CWC squeezes out LIME and goes with the Flow
(CNS): The regional telecommunications company Cable & Wireless Communications (CWC) began is retail rebrand in Cayman Thursday, saying goodbye to LIME and introducing Flow. This is the third jurisdiction where the rebrand has taken place but it is the first where the Flow brand is not already in the market. Flow was once the retail arm of […]
LIME drops Ericsson to do its own service work
(CNS Business): Local telecommunications operator LIME has cancelled its field service contract with Ericsson and is bringing the maintenance and support work back in-house as part of what it said was its promise “to overhaul and improve its customer service experience”. Cable and Wireless Communications (CWC), the operator of LIME, which is being rebranded to […]
CUC and OTEC still hopeful about ocean energy
(CNS): The development of a commercial ocean thermal energy conversion system in the Cayman Islands remains a real possibility, according to both CUC and industry experts, Cayman OTEC. It is almost four years since CUC signed a non-binding ‘term sheet’ with the firm to begin a feasibility study in Grand Cayman, which is seen as […]
Fidelity won’t pay Trump hackers’ ransom demand
(CNS): A group of internet hackers has reportedly stole data from some of Fidelity Bank’s website but the bank has stated that it will not be paying the ransom of $30,000 demanded by the online crooks, who say they want the cash to support Donald Trump’s bid for the US presidency. The group calling itself “Hack […]
Estonians to teach CIG about e-government
(CNS): A team of experts from the Baltic state of Estonia will be sharing their knowledge and experience with government officials this week about best practices in e-governance. Although successive administrations have pointed to the power of the web as a way of increasing government efficiency and cutting costs, Cayman has been slow to use […]
Cayman urged to offset carbon footprints
(CNS Business): Local businesses with a heavy carbon footprint struggling to reduce their emissions are being offered a local option for offsetting those greenhouse gases. A new partnership between the National Trust of the Cayman Islands and a local green energy company will help companies compensate for hard to eliminate emissions by contributing to local […]
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