Uncategorized
Air arrivals drop in May
(CNS Business:) Statistics show air arrivals for the month of May have dropped by 6% when compared to the same month last year. The data revealed 29,265 tourists traveled to the islands by plane, which is 1,859 less than the 31,124 airline passengers who flew to Cayman in May 2014.
Ebanks flies to airport but keeps foot in labour office
(CNS): The former director of the Department of Labour and Pensions (DLP) has started work as the new head of human resources for the Cayman Islands Airports Authority (CIAA) but is still working part time for the labour office. The airport issued a press release on Friday announcing Mario Ebanks’ arrival there, just days after Ebanks confirmed he […]
T&B Licences double since last year
(CNS Business): The number of trade and business licences granted in Cayman have seen a significant climb, doubling since this time last year, according to the Minister of Financial Services Wayne Panton.
Tory peer’s costly advice off the mark
(CNS Business): The Conservative peer who was employed by the Cayman Islands Government to advise and lobby for its offshore sector in the UK appears to have been giving some poor advice. David McLean, known as Lord Blencathra, reportedly told CIG last year that the UK Prime Minister’s goal to clamp down on tax havens was […]
Visitors rank Grand Cayman #3 in Caribbean
(CNS Business): The people have spoken and now the popular search engine TripAdvisor has ranked the Cayman Islands in the top ten on three separate lists of the 2015 Travelers Choice Awards. Grand Cayman was third on the list of the “10 Best Islands in the Caribbean” in the 2015 Travelers Choice Awards. The famous Seven Mile […]
ESO’s annual surveys start Monday
(CNS Business): Starting on Monday 30 March, the Economics and Statistics Office (ESO) will conduct multiple surveys to measure the economic performance in the Cayman Islands. The annual surveys apply to all who produce goods and services in the area.
Cayman gives bootlegs the boot
(CNS Business): Big changes are coming to Cayman’s current copyright laws, change that will not only offer better intellectual property protection, but also increase government revenue by multiples of $5 to $10 million in direct benefits. On Thursday government officials and cabinet members held a press conference to discuss the details of the current laws […]
SEC reduces injunction on Caledonian’s US assets to $7M
(CNS Business): The US Securities and Exchange Commission reduced the freeze on the beleaguered Caledonian Bank’s assets this week from $76 million to just $7 million, the creditors have revealed. The bank was brought to its knees when the SEC filed suit against it and its bosses over an alleged $75m penny stock scam and […]
Dart boss shares UK platform with premier
(CNS Business): Cayman’s leader, Premier Alden McLaughlin, was joined by the COO of Dart Enterprises at the House of Lords this week in promoting Cayman when he delivered a key-note address at the Caribbean Council reception. As McLaughlin sold the crowd on the benefits of investing in Cayman and the future projects government has planned, he […]
Local staff help 7MB hotel shine
(CNS Business): Hiring Caymanian staff has really paid off for one hotel on Grand Cayman. While two other major resorts along Seven Mile Beach have recently gone on the market, Comfort Suites, located on the same block on the island, has learned that it has more to smile about these days when greeting its customers. The […]
Cayman updating copyright law
(CNS Business): Minister of Commerce Wayne Panton announced the Cayman Islands would soon be falling under the UK’s umbrella regarding copyright laws. The minister explained the aim is to offer stronger intellectual property protection that is in line with Britain.
Cayman Finance slams article
(CNS Business): Cayman Finance CEO Jude Scott is firing back against a recent article about the US Department of State Report, listing the Cayman Islands as a “country of primary concern” for money laundering and financial crimes. Scott stated ComplianceAid, an AML/CFT consulting firm, took the report out of context for opportunistic reasons, in an […]
Cayman on US money laundering list
(CNS Business): Seven Caribbean countries find themselves on the US “Major Money Laundering List for 2015”. The United States Government published its “2015 International Narcotics Control Strategy Report” on Wednesday, and the Cayman Islands is on the list.
DCI encourages young entrepreneurs
(CNS Business): The Department of Commerce and Investment (DCI) is looking for young entrepreneurs between the ages of 15 and 21 to compete in the Business Plan Competition at the Small-Business Expo on Saturday 18 April.
Obama heading to the Caribbean
(CNS Business): America’s President, Barack Obama, will make his first presidential visit to Jamaica on 9 April. Reports from the White House stated the trip is focused on strengthening security in the Caribbean. Officials said in a release that Obama would visit the island nation to meet leaders, before departing for Panama to attend the Summit […]
Recent comments