Tag: Featured
Cayman still labeled as ‘notorious tax haven’
(CNS) Business): Despite the efforts of Cayman Islands’ finance industry, with government and its lobbyists spending time and money trying to paint a picture of how it fits into the global economy and its high standard of regulation, another report on tax issues relating to US-based global corporations has painted Cayman as a notorious tax […]
Offshore law firm braces for data exposure
(CNS Business): One of Cayman’s leading offshore law firms is bracing for potential exposure of its business and that of its clients in the international media after admitting that it suffered a cyber security breach last year. Some of the information has found its way to the International Consortium of Investigative Journalists (ICIJ), which plans to […]
Pageant Beach proposal gets initial nod from CPA
(CNS Business): A proposal to build a ten-storey hotel on the Pageant Beach site in George Town has been given initial approval by the Central Planning Authority after the project was granted outline planning permission last month. Despite a number of objections from residents, largely at the neighbouring Poinsettia Condos, according to the minutes of […]
Dart finally confirms Ritz acquisition
(CNS Business): After several months of speculation that Dart Real Estate had acquired the Ritz-Carlton, Grand Cayman but no comment from officials at the company, the Cayman Islands’ biggest property owner has finally announced that it has bought the luxury hotel on Seven Mile Beach. The news comes just weeks after Dart confirmed its acquisition of […]
Cayman government hires new firm to lobby Washington
(CNS Business): The Cayman Islands Ministry of Financial Services Home Affairs has quietly hired Texas-based law firm Baker Botts to provide counselling and advocacy services in the US capital, according to an article in the marketing industry press, which was republished on the firm’s website. There has been no official release about the new contract locally […]
Stay-over guests soar to new heights
(CNS Business): The Cayman Islands Department of Tourism’s promotional and marketing efforts continue to pay dividends, reflected in record-breaking summer statistics for air arrivals. After 77,030 visitors arrived during July and August, officials said that figures are significantly outpacing projections, making it evermore likely that the total figure by year-end will top 400,000 tourists. August 2017 […]
CUC speeds power restoration in TCI
(CNS Business): Caribbean Utilities Company (CUC) has sent two more staff members to hurricane-hit Turks and Caicos Islands (TCI). Right after Irma ripped though the islands, CUC sent a crew of seven linepersons to help with restoration efforts. But with conditions there still very difficult, Joshua Ebanks, supervisor for transmission and distribution planning and estimating, […]
Doctor sells paper to former bank boss
(CNS Business): Dr Steve Tomlinson has sold The Cayman Reporter to Ralph Lewis, the former head of the Cayman Islands Development Bank. The acquisition by Lewis, who also owns the more recent publication, Caymanian Times, comes after months of speculation that the Reporter was in dire financial trouble. Lewis refused to say, when asked by […]
Dart puts in plans for new Foster’s store
(CNS Business): Cayman’s largest land owner has announced yet another venture to expand its growing property empire. Dart Real Estate has submitted a planning application to build a supermarket at the northern end of Camana Bay, which Foster’s Food Fair has agreed to lease. According to a release on the company website, the 60,000 square feet of […]
Emergency measures grant evacuees the right to work
(CNS Business): The Cayman Islands Government is waiving normal procedures for temporary work permits for workers in the financial services industry who have evacuated to this jurisdiction from islands devastated by hurricanes Irma or Maria. “For those who say we should not be doing this, last week it’s them, next week it may be us,” […]
Ex-Digicel boss moves to C3
(CNS Business): Martin Bould, formerly the chief executive officer at the regional telecom firm, Digicel, has taken the top job at locally owned communications firm, C3. Officials from the wholly Caymanian-owned company said in a press release that Bould will head up the expansion of the firm. The news of his appointment as C3’s new […]
GT hotel proposal faces local opposition
(CNS Business): The proposed new hotel development at the Pageant Beach site in George Town will be going before the Central Planning Authority on Wednesday, but not everyone will be hoping the board gives the proposed project the nod. Despite enthusiastic support from government for the new hotel in the capital, residents in the area […]
Dart buys another piece of 7MB
(CNS Business): Already the largest landowner in the Cayman Islands, the Dart Group has made another significant purchase with the acquisition of Royal Palms Beach Club in the heart of Seven Mile Beach, along the West Bay Road. Neither the seller, Coral Apartments Ltd, nor Dart has said how much the near three and a […]
New law boosts trade mark registrations
(CNS Business): Since the Trade Marks Law came into effect 1 August 2017, modernising legislation which originally dates from the 1970s, the Cayman Islands Intellectual Property Office (CIIPO) has received 50% of the total number of applications to register trade marks usually submitted in a year. As of 29 August, the office had received more […]
Airport says phases 2 and 3 will be complete by year-end
(CNS Business): With work on phase one of the Owen Roberts International Airport expansion project complete, officials said this week that they are also on target to finish phases two and three before the end of 2017. The first phase included the development of the new baggage handling and screening area, airline offices and a mechanical […]
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