Tag: Featured

April stayover guests soar to new high

April stayover guests soar to new high

| 17/05/2017 | 1 Comment

(CNS Business): The continued success story of overnight tourism reached record highs last month when a whopping 38,927 visitors flew into the Cayman Islands, largely from the United States. The figure represents the best air arrival statistics for April since the tourism department began keeping [...]

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Hospital begins dispensing cannabis oil

Hospital begins dispensing cannabis oil

| 09/05/2017 | 2 Comments

(CNS Business): Grand Cayman’s CTMH Doctors Hospital and Cayman Pharmacy Group has introduced medical cannabis for physician selected patients who are resident in the Cayman Islands. Case studies reveal life changing results for patients suffering with chronic pain, neuropathic pain and seizure [...]

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Caymanian takes over top job at Digicel

Caymanian takes over top job at Digicel

| 08/05/2017 | 0 Comments

(CNS Business): Raul Nicholson-Coe will be taking over the top job at Digicel’s Cayman Islands operation, the firm said in a release Monday. The local telecoms expert, who is currently the chief operating officer with the firm, will take over as chief executive officer from Martin Bould on [...]

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Regulator seeks input on handling powerful utilities

Regulator seeks input on handling powerful utilities

| 03/05/2017 | 4 Comments

(CNS Business): The newly formed Utility Regulation and Competition Office (OfReg) has launched a public consultation to seek input on how it will manage and deal with monopolies in the utility sector. Officials said they want people to comment on what criteria and items of evidence should be use [...]

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Work still needed ahead of task force review

Work still needed ahead of task force review

| 01/05/2017 | 1 Comment

(CNS Business): A summary of a National Risk Assessment that began in 2014 has been released to the public two years after it was finished, ahead of Cayman’s fourth round of Mutual Evaluation by the Caribbean Financial Action Task Force (CFATF) at the end of the year. The assessment found a cat [...]

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More gas stations cleared to sell booze

More gas stations cleared to sell booze

| 12/04/2017 | 4 Comments

(CNS Business): Once, only a very small number of gas stations in Cayman were allowed to sell liquor but another six were added to the list following a recent liquor licensing board meeting and one has even been cleared to sell alcohol on Sundays. However, there appear to be some inequities emer [...]

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Health insurance firm U-turns on Shetty hospital

Health insurance firm U-turns on Shetty hospital

| 12/04/2017 | 11 Comments

(CNS Business): Following a memo sent to British Caymanian Insurance customers last month by management blocking cover for treatment at Health City Cayman Islands in East End, the firm has made an about turn, and in a joint statement with HCCI has announced it will now extend cover to all servic [...]

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Cayman faces critics head-on at tax conference

Cayman faces critics head-on at tax conference

| 10/04/2017 | 0 Comments

(CNS Business): The financial services ministry brought together some of the jurisdiction’s major critics at a conference last week on the issue of tax transparency. Minister Wayne Panton and his team stressed the importance of engaging with the critics of Cayman’s financial service sect [...]

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Insurance firm blocks cover at Health City

Insurance firm blocks cover at Health City

| 06/04/2017 | 38 Comments

(CNS Business): British Caymanian Insurance Company (BritCay) will not cover patients to attend Health City Cayman Island for any treatment unrelated to cardiac care. In a memo sent to people who are insured by the agent that represents Colonial Medical Insurance, the firm said it wanted to revi [...]

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Inadequate law must be updated, say lawyers

Inadequate law must be updated, say lawyers

| 28/03/2017 | 6 Comments

(CNS Business): The Cayman Islands Law Society said it was disappointed that the Legal Practitioners Bill failed to make it through the Legislative Assembly yesterday and warned that remaining with the status quo would continue to have a negative impact on current and future generations of local [...]

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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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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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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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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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