Recent Articles

3,500 businesses asked for data to measure local economy

3,500 businesses asked for data to measure local economy

| 27/03/2017 | 0 Comments

(CNS Business): The Economics and Statistics Office has begun its annual business surveys to measure local economic performance. Officials said about 3,500 forms for the System of National Accounts (SNA) and the Balance of Payments (BOP) surveys, which began Monday, have been sent to the business [...]

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Golden Spoons Review: Chicken! Chicken!

Golden Spoons Review: Chicken! Chicken!

| 30/03/2017 | 2 Comments

(CNS Foodie): Chicken! Chicken! sits in a corner of West Shore Centre (the pink one) on West Bay Road. Do not let the mundane location put you off because as soon as you walk in you are embraced by the warmth of the open rotisserie roasting chickens over a wood fire. The next thing to hit you is [...]

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Bank increases loan but not deposit rate

Bank increases loan but not deposit rate

| 17/03/2017 | 9 Comments

(CNS Business): Following the 25 basis point increase in the US Federal Funds Rate earlier this week, Butterfield Bank has announced an adjustment in its US and CI dollar prime lending rates for mortgages, consumer loans and commercial loans from 3.75% to 4% beginning today Friday, 17 March. But [...]

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UK crime law will impact CI financial sector

UK crime law will impact CI financial sector

| 17/03/2017 | 0 Comments

(CNS Business): A new piece of legislation currently being steered through the UK parliament could have a significant impact on the Cayman Islands. The Criminal Finances Bill, which once passed will amend the Proceeds of Crime Act, is focused on dealing with terrorist financing but it also create [...]

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ESO begins annual business survey

ESO begins annual business survey

| 15/03/2017 | 0 Comments

(CNS): The Economics and Statistics Office will be starting its annual business surveys in less than two weeks to get accurate data on the local economy. The survey forms will be hand-delivered, mailed or emailed to all entities that produce goods and services in the Cayman Islands. The surveys [...]

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Lawyers sue Ironwood developers for $95k debt

Lawyers sue Ironwood developers for $95k debt

| 14/03/2017 | 23 Comments

(CNS Business): The company that is planning a huge multi-million-dollar resort based around an Arnold Palmer golf course is being sued by a local law firm for an outstanding debt of around CI$95,000. Despite promoting plans for the proposed significant $300+ million development in Frank Sound, [...]

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Lord Chief Justice of England & Wales lectures in Cayman

Lord Chief Justice of England & Wales lectures in Cayman

| 09/03/2017 | 3 Comments

(CNS Business): Delivering a lecture at the Cayman Islands Grand Court, the Lord Chief Justice of England and Wales said that achieving and maintaining that equilibrium requires not only vigilance among a wide range of judicial, legal, governmental and public interest participants, but also a †[...]

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Premier updates Baroness on beneficial ownership register

Premier updates Baroness on beneficial ownership register

| 09/03/2017 | 2 Comments

(CNS Business): Premier Alden McLaughlin and Attorney General Sam Bulgin met with the UK’s minister responsible for its overseas territories, Baroness Anelay, Monday afternoon to update her on Cayman’s progress on the implementation of legislation underpinning the non-public searchable regis [...]

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Premier: Cayman will thrive in changing world

Premier: Cayman will thrive in changing world

| 08/03/2017 | 1 Comment

(CNS Business): Premier Alden McLaughlin told an audience of British lawyers that the Cayman Islands will not only survive in these “times of uncertainty” but its financial sector, constitution and adherence to the rule of law will ensure that it thrives. “As a jurisdiction, Cayman has alw [...]

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Golden Spoons Review: Anchor & Den Boulangerie Brunch

Golden Spoons Review: Anchor & Den Boulangerie Brunch

| 07/03/2017 | 2 Comments

(CNS Foodie): A friend’s birthday found us at the Marriott’s Anchor & Den Boulangerie Brunch recently, and while it’s a lovely array of traditional and unique brunch fare, I just don’t think it’s as comprehensive nor as delicious as one would expect for $79 per person (i [...]

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Legal Practitioner’s Bill 2016 – layman’s review

Legal Practitioner’s Bill 2016 – layman’s review

| 07/03/2017 | 3 Comments

MM writes: It is obvious that several opposing interests are having a difficult time pinpointing the exact amendments that should be made to the Legal Practitioner’s Bill 2016 – apparently the need to address some outstanding issues within the legal profession has been on the table in one for [...]

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Cayman model may lead way on beneficial ownership

Cayman model may lead way on beneficial ownership

| 07/03/2017 | 2 Comments

(CNS Business): As the technical experts at the financial services ministry continue to work on the systems that will allow UK authorities to access the beneficial ownership details of companies and other financial entities domiciled in Cayman during investigations, the model Cayman is adopting c [...]

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Flow lays off workers in team restructure

Flow lays off workers in team restructure

| 06/03/2017 | 10 Comments

(CNS Business): Local telecommunications company Flow, the brand name of Cable & Wireless, confirmed that they have laid off seven Caymanians workers and two ex-pat positions have been cut in what it described as “adjustments to how we run our business”. The job cuts come following announ [...]

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Premier reveals details of 3D land parcels

Premier reveals details of 3D land parcels

| 06/03/2017 | 12 Comments

(CNS Business): Premier Alden McLaughlin told an audience of realtors, surveyors and property developers that his government plans to steer through legislative amendments during the current session of the Legislative Assembly to facilitate the registration of volumetric, or three-dimensional, lan [...]

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Maritime conference set for May

Maritime conference set for May

| 06/03/2017 | 0 Comments

(CNS Business): The Cayman Islands Shipping Registry is gearing up for a conference in May that will bring together a wide range of organisations and companies in the shipping and yachting industries. “Cayman Maritime 2017 provides an opportunity for our maritime sector and indeed the whole [...]

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