Tag: Featured
Cayman still has work to do to satisfy OECD
(CNS Business): Authorities in the Cayman Islands dealing with the offshore sector still have work to do to satisfy the OECD, according to the latest peer review results by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes. Cayman was rated “largely compliant” as opposed to compliant because of three areas […]
Tourism sector puts faith in cops over crime
(CNS Business): The Cayman Islands Tourism Association (CITA) has said it is encouraged to learn that the police are now addressing several of the concerns stakeholders in the sector have had for some time about rising crime. Following a meeting with the police commissioner and other senior police officers as well as government officials, CITA […]
CPA paves way for GT boutique hotel
(CNS Business) The Central Planning Authority has paved the way for a boutique hotel on the old Tree House site on the George Town waterfront after granting planning permission to NCB Investments at last month’s meeting. One of two planned hotel developments in the area, the $30million project is for a five-storey hotel, restaurant and […]
US fraudster used stolen cash for Cayman home
(CNS Business): A Kansas City man who admitted embezzling over US$6.5 million from his bosses also used some of his ill-gotten gains to buy a pricey beach house in the Cayman Islands using Cayman National Bank, according to a release from the US Attorney’s Office for the Western District of Missouri. Douglas Ferrell (34), who appeared […]
Air arrivals heading for record-breaking year
(CNS Business): As the tourism sector passes the halfway mark for 2017 government officials are confident that the Cayman Islands will enjoy another record-breaking year as a destination for overnight visitors. If the numbers continue Cayman can expect to see at least 400,000 guests this year. Following the highest visitor arrivals for any April on […]
Carnival to bring jobs as well as fun
(CNS Business): With a trip down memory lane for many local people and a new experience for others, local businessman Matthew Leslie is promising to bring all the fun of the fair to Cayman at the end of this year as well as jobs and businesses opportunities. Leslie said he is in the process of […]
GT hotel projects begin planning process
(CNS Business): Two new hotel development projects on the coastline along North Church Street in George Town have begun the planning process after one project was listed to be heard at this week’s Central Planning Authority meeting and developers for a second recently announced that they had submitted plans. NCB Investments is making a rezoning application […]
Travel agents weather the internet storm
(CNS Business): With all the online options for booking flights and hotels, it would be understandable to think that the days of the good, old-fashioned bricks-and-mortar travel agent have gone the way of the dodo. But while the rise of travel websites has siphoned off business and thinned the market somewhat, Cayman is still home […]
Cayman committed to maritime improvements
(CNS Business): A message from the new financial services minister to delegates at a shipping conference in Cayman last week pointed to the committment of the Maritime Authority of the Cayman Islands (MACI) to make life at sea safe, minimise ship pollution and encourage optimal living and working conditions on board ships.
Three cruise ships switch from Falmouth, Jamaica
(CNS Business): Royal Caribbean Cruise Lines (RCCL) is changing the itinerary or three of its ships next year to avoid Falmouth Port in Jamaica, according to a report in the Jamaica Gleaner, even though the port was built through a partnership between RCCL and Port Authority of Jamaica. However, the news report makes no mention […]
Beneficial owner access opens to UK
(CNS Business): Legislation came into effect this weekend that will allow UK law enforcement authorities to access details of the beneficial owners of all financial entities registered in the Cayman Islands. Officials said the new technology-based system enhancement to the beneficial ownership regime will allow those with legitimate rights or reasons to have access to do […]
OfReg to investigate CUC’s solar deal
(CNS Business): With the price of solar energy now falling rapidly and the increase competitive pricing of other alternative fuels, Cayman’s utilities regulator, OfReg, has announced its intention to investigate the process around Cayman’s first commercial-scale renewable energy plant, which opened last week. The regulator said it wants to ensure that lessons are learned to […]
Airport bid pushes out small businesses
(CNS Business): Some of the small business owners that are currently running retail concessions at Owen Roberts International Airport believe they are being pushed out of the bids for the new space. The Cayman Islands Small Business Association (CISBA) has accused the airport authority of creating a request for proposals with confusing paperwork, forcing bidders […]
Solar farm blooms despite unique challenges
(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 Management, which partnered with CUC on the project, cited several environmental conditions that made […]
CITA calls for tourist cops
(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 included robberies, home invasions and a surge in burglaries in the capital, […]
Recent comments