Tag: Featured

Over 58,500 passengers in first week of year

Over 58,500 passengers in first week of year

| 03/01/2018 | 2 Comments

(CNS): The cruise ship sector is off to a great start, as statistics on the Port Authority of the Cayman Islands website indicate than more than 58,500 people will be arriving in Grand Cayman this week aboard 24 ships. Nearly 7,000 passengers sailed into George Town on New Year’s Day, but t [...]

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Stay-over visitor numbers break more records

Stay-over visitor numbers break more records

| 28/12/2017 | 1 Comment

(CNS Business): Almost 35,000 people visited the Cayman Islands in November, according to the latest statistics from the Department of Tourism, breaking more records for the stay-over tourism sector. Last month was the best November on record and was the sixth consecutive month where air arrival [...]

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CUC demand rates change for big customers

CUC demand rates change for big customers

| 27/12/2017 | 4 Comments

(CNS Business): More than 100 of CUC’s largest customers who are both generating their own power and using power supplied by CUC will face a new rate system in 2018. New Demand Rates for large commercial customers and those with Distributed Energy Resources will allow the customers’ [...]

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Offshore law firm goes after press in Paradise Papers hack

Offshore law firm goes after press in Paradise Papers hack

| 19/12/2017 | 21 Comments

(CNS Business): The law firm which was the victim of a hack in which millions of documents about their clients’ offshore financial affairs were exposed is taking legal action against the BBC and the Guardian. Both media organisations have stated that they will defend the breach of confiden [...]

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7-bed house on 7MB sells for record price tag

7-bed house on 7MB sells for record price tag

| 18/12/2017 | 0 Comments

(CNS Business): A single family home on Seven Mile Beach was sold last week for a record-breaking US$12.5 million, the highest sale price for a stand-alone family house in the Cayman Islands. Kim Lund from RE/MAX, who sold the Coconut Walk Estate, said it eclipsed the [...]

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Cayman appears on mega ship’s 2019 itinerary

Cayman appears on mega ship’s 2019 itinerary

| 04/12/2017 | 11 Comments

(CNS): MSC Cruises has announced that its mega ship, Meraviglia, a 5,700-passenger ‘smart’ ship that was launched this summer, will include the Cayman Islands on its itinerary during the 2019 autumn season, even though there will be no piers in George Town when the ship makes is debu [...]

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Almost 20,000 passengers to hit George Town

Almost 20,000 passengers to hit George Town

| 29/11/2017 | 15 Comments

(CNS Business): The cruise sector will be enjoying a bumper day Wednesday as more than 19,700 people will be arriving in George Town on six ships in the busiest day of the year. Cruise arrival numbers had been down for this year at the end of October, as rough weather had impacted the calls, but [...]

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Financial services gets budget boost

Financial services gets budget boost

| 07/11/2017

(CNS Business): Funding for the financial services sector has increased considerably in the 2018/19 budgets, the new minister for the sector, Tara Rivers, revealed in the Legislative Assembly Monday, as she stressed the need to protect the industry and underscored the importance of the sector to [...]

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US partner pulls out of deal with Health City

US partner pulls out of deal with Health City

| 07/11/2017 | 20 Comments

(CNS Business): The faith-based US healthcare provider, Ascension, has pulled out of its partnership with Health City Cayman Islands, the East End hospital founded by the internationally renowned Indian cardiac surgeon, Devi Shetty. Since the state-of-the-art facility was first conceived and then [...]

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Cayman gears up for CFATF review

Cayman gears up for CFATF review

| 07/11/2017 | 0 Comments

(CNS Business): The attorney general has said that the Portfolio of Legal Affairs, the Ministry of Financial Services and CIMA have been working with the public sector agencies and private sector stakeholders to get the jurisdiction in a state of readiness for the upcoming evaluation by the Carib [...]

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Queen using Cayman investment fund

Queen using Cayman investment fund

| 06/11/2017 | 31 Comments

(CNS Business): Labour leader Jeremy Corbyn has called on Queen Elizabeth to apologise to the British people for using tax havens, including the Cayman Islands. Revelations that the Queen was among a list of very rich individuals and organisations using offshore vehicles to dodge taxes has come [...]

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Tourism minister outlines record-breaking statistics

Tourism minister outlines record-breaking statistics

| 03/11/2017 | 0 Comments

(CNS): Tourism Minister Moses Kirkconnell said he expects that more than 400,000 tourists will have visited the Cayman Islands by the end of this year, passing another record-breaking milestone and continuing the incredible successes in overnight tourism figures since he took over the ministry i [...]

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Premier: Cayman needs to keep defending offshore

Premier: Cayman needs to keep defending offshore

| 31/10/2017 | 3 Comments

(CNS Business): The Cayman Islands will need to keep up its defense of the offshore financial services sector and maintain regular engagement with European Union leaders, in particular, the premier has said, because the recent delegation to Brussels found that politicians there remain “cha [...]

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Premier pledges major cut in SME red tape

Premier pledges major cut in SME red tape

| 30/10/2017 | 6 Comments

(CNS Business): The premier has committed to cutting the regulations that he said are hindering small businesses. Alden McLaughlin said that “ambitious, entrepreneurial Caymanians need encouragement, not the dead weight of government bureaucracy holding them back”, as he pledged to ab [...]

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Dart’s tunnel CPA hearing deferred over paperwork

Dart’s tunnel CPA hearing deferred over paperwork

| 30/10/2017 | 0 Comments

(CNS Business): The increasingly controversial application by Dart to expand the West Bay Road tunnel was adjourned Wednesday, after the planning department filed the wrong documents to the Central Planning Authority. It is not clear when the authority will hear the application as the agenda for [...]

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