Tag: Featured

Solar farm blooms despite unique challenges

Solar farm blooms despite unique challenges

| 22/06/2017 | 3 Comments

(CNS Business): The commissioning of Cayman’s first-ever solar farm Tuesday, 20 June, while historic on its own, was also the result of several innovations to accommodate the island’s unique requirements and overcome associated challenges. David March, managing partner of Entropy Investment [...]

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CITA calls for tourist cops

CITA calls for tourist cops

| 20/06/2017 | 5 Comments

(CNS Business): The Cayman Islands Tourism Association is calling for dedicated police officers who, like neighbourhood or community officers, would cover specific tourism zones to keep visitors safe and secure. The latest organisation to raise concerns about the recent crime spike, which has inc [...]

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Businesses bear brunt of crime spike

Businesses bear brunt of crime spike

| 15/06/2017 | 0 Comments

(CNS Business): From burglaries at a day care centre and a telecoms shop in the heart of the capital to grocery store stick-ups in Bodden Town, business are bearing the brunt of the latest surge in break-ins and armed robberies. The spike in opportunistic crime has been accompanied by a rise in [...]

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CUC begins testing new solar facility

CUC begins testing new solar facility

| 05/06/2017 | 6 Comments

(CNS Business): Grand Cayman’s power provider is just a few weeks away from officially opening Cayman’s first ever solar farm. Caribbean Utilities Company (CUC) said in a statement today that it has started testing the facility in Bodden Town. Commissioned in partnership with solar project de [...]

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Cayman finance offers backing to new government

Cayman finance offers backing to new government

| 05/06/2017 | 0 Comments

(CNS Business): The CEO of Cayman Finance, Jude Scott, has offered his backing to the new government and commended the premier, Alden McLaughlin. Congratulating all the successful candidates in a short statement, the boss of the body that promotes the offshore sector was clearly relieved that an [...]

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Caribbean tourism body urges environmental action

Caribbean tourism body urges environmental action

| 05/06/2017 | 1 Comment

(CNS Business): The Caribbean Hotel and Tourism Association (CHTA), which represents one of the world’s most vulnerable regions to the escalating effects of climate change, is urging regional nations to support and adopt the Paris Agreement on climate change. In the wake of the US president [...]

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AG outlines four year AML/terrorist financing plan

AG outlines four year AML/terrorist financing plan

| 26/05/2017 | 0 Comments

(CNS Business): Following the shortcomings identified previously by the Financial Action Task Force (FATF) and in Cayman’s regulatory regime to address emerging threats and vulnerabilities in the financial sector, the attorney general said a strategy has been developed ahead of the next FATF re [...]

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April stayover guests soar to new high

April stayover guests soar to new high

| 17/05/2017 | 2 Comments

(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 | 4 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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