Archive for December 20th, 2018
Six ships in port for December’s busiest day
(CNS): George Town merchants had 16,643 cruise passengers to sell to Thursday, as six ships pulled into port in this December’s busiest day. Although Boxing Day is usually a red letter day for the cruise sector, today will surpass the near 10,500 passengers due to arrive 26 December. However, next week will still see almost […]
Building duty cuts roll on despite economic boom
(CNS): Government has confirmed that the 15% import duty concessions on building materials imported to Grand Cayman will continue next year, despite the current development boom and what the finance ministry called the “robust investments” in Cayman’s economy. The duty cut was originally implemented to encourage development during the recession, but according to the latest […]
Minister seeks to reassure local traders
(CNS): Commerce Minister Joey Hew has said that amendments to the Local Companies Control Law, which were made to comply with the latest regulatory developments in the financial world and to keep Cayman from a European blacklist, will not undermine local traders. The amendments will remove the ban on exempted offshore companies from doing business […]
