Business
CUC will battle in court to keep solar secrets
(CNS): Officials at the Caribbean Utilities Company have told CNS that their decision to challenge the release of two reports that CUC prepared for OfReg relating to the bidding process for future power generation is to protect “commercially sensitive information” that could help competitors in any future bids. The company also said it was in […]
CIG has cruise pier plans for Cayman Brac, says Bryan
(CNS): Tourism Minister Kenneth Bryan has told a tourism journalist that the Cayman Island Government is planning to build a cruise ship pier on Cayman Brac. In an interview Bryan gave to the Caribbean Journal during the Seatrade Cruise Global conference in Miami Beach last week, he said, “We’re planning to either build it ourselves […]
Cayman home to Trump’s ‘questionable’ bond supplier
(CNS): Just as the Cayman Islands financial service industry took a step forward in improving its image by being removed from various grey or black lists, the islands’ reputation is taking another pasting in the American press. This time, it is over its connection to the parent company that supplied former US president Donald Trump’s […]
Utility solar needed to avert power crisis, says CUC boss
(CNS): Richard Hew, the president and CEO of CUC, Grand Cayman’s electricity provider, has warned that the island is facing a power generation crisis because the company has surpassed its ability to meet peak demand with its existing fixed diesel generators and is currently resorting to temporary, leased machines to meet it. With the rapid […]
Booze sales banned on Good Friday except in hotels
(CNS): Liquor licence holders are being reminded that music, dancing and the sale of alcohol are all banned on Good Friday in most bars. Only hotels and restaurants with an appropriate licence are exempt. Liquor stores will also be closed on Good Friday, while grocery shops and gas stations with liquor licences are not permitted […]
Deputy premier seeks to win hearts and minds in USA
(CNS): Deputy Premier and Financial Services Minister André Ebanks spent last week in Washington DC and New York City attempting to win over the hearts and minds of US politicians and the media in relation to the Cayman Islands’ position as a financial centre. Ebanks was in the US for over a week, from 13 […]
Redacted report reveals little to justify subsea cable
(CNS): The Cayman Islands Government has released a heavily redacted outline business case, compiled by consultants Grant Thornton, on the government’s plans for a new telecommunications submarine cable. Key details have all been omitted, such as costs (estimated to be in the tens of millions of dollars), its length and where it will be linked […]
Top Dart exec takes over Chamber presidency
(CNS): Chamber of Commerce members elected Joanne Lawson as the new president of the business organisation at its 58th AGM held last week. Lawson, who is the fifth woman to hold the position, is chief of staff at Dart Enterprises Ltd, one of the largest and most influential companies in the Cayman Islands. As she […]
Flow’s service troubles continue with BT outage
(CNS): Local telecommunications provider Flow struggled with its internet service Tuesday and was forced to apologise to its customers for a broadband outage across the Bodden Town district, just days after the company apologised for problems with its phone and voice services last Thursday. The utilities regulator, OfReg, said that it had met with Flow […]
OfReg says it’s monitoring Flow’s latest service issues
(CNS): After local telecommunications provider Flow sent messages to customers that there were problems with its voice service, OfReg issued a public service message Thursday stating that it had requested information from Flow about the issues and what it is doing to resolve them. The utilities regulator said it had been provided with some information […]
Select committee created to examine fuel sector
(CNS): Planning Minister Jay Ebanks will be chairing a new committee that was established in parliament this week to look at the cost of fuel in the Cayman Islands as a result of years of erratic and, more often than not, increasing fuel costs at the sockets at home and at the pumps. Successive governments […]
