Archive for July, 2020
Offshore laws glide through LA
(CNS): Financial Services Minister Tara Rivers has steered another batch of legislation through the parliament with the backing of the opposition as well as the government benches. The changes regarding private funds clarified the rules and are expected to help Cayman get off the EU blacklist. Speaking in the Legislative Assembly, Rivers said government had […]
CBC strained under record-breaking imports
(CNS): As online shoppers and small businesses tear their hair out over delays in the clearance of packages passing through local courier companies, customs officials said the delays are due to the record-breaking level of imports last month as a result of the closed borders. Customs and Border Control said they received 18,000 individual imports […]
Starfish and Rum Points still off limits
(CNS): Changes to the Prevention, Control and Suppression of COVID-19 regulations relating to travel and boating came into effect on Friday, making travel between the Cayman Islands easier and partially opening up Stingray City. But the popular weekend spots, Rum Point and Starfish Point, remain off limits to all boats. Air travel is now allowed […]
Small businesses are not getting help
I am a Caymanian with a small business with two employees. I tried to get this (Cayman Islands Development Bank) loan. OMG what a nightmare! My business is service oriented so I don’t have any real assets. I buy clothes and jewelry and resell or make costume jewelry.
Health cover benefit scheme goes awry
(CNS): Hundreds of people who are on unpaid leave from their jobs or working only part-time who believed their health insurance was being covered by government may find that they are uninsured after all. A benefit scheme administered by the Health Insurance Commission to temporarily cover employers’ health premiums for furloughed workers appears to have […]
Over 400 more negative COVID-19 tests
(CNS): Cayman passed its ninth day on Friday since last recording a positive case of COVID-19. Dr Samuel Williams-Rodriguez, the medical officer of health, reported that 437 tests carried out over the previous 24 hours were all negative. Cayman has now processed 26,117 tests to date with a positive tally since March of 201. There […]
Caymanians urged to have more kids
(CNS): MLA Chris Saunders (BTW) has said that Caymanians need to “make more children” to prevent the country from getting into future trouble as a result of a declining birth rate. The opposition MLA made the plea to the country during a debate about amending the Labour Law to make maternity leave provisions for private […]
Crash lands dirt bike rider in hospital
(CNS): The driver of a Honda car was arrested last night and a dirt bike rider is in hospital after a collision in West Bay. The crash happened at around 8pm on Hell Road close to the junction with Fountain Road, when the eastbound silver Honda and the westbound dirt bike collided. Both vehicles were […]
Armed robbers hold up GT mini-mart
(CNS): Two men wearing masks and dark clothing and armed with a handgun held up a mini-mart in George Town Thursday night in the first armed robbery in Cayman since the lockdown. The stick-up happened at around 9:30pm yesterday at a convenience store on Mary Street. The men were said to have entered the shop, […]
Negative COVID-19 test trend continues
(CNS): COVID-19 test results from the latest batch of 210 samples were all negative, Medical Officer for Health Dr Samuel Williams-Rodriguez reported Thursday. It has now been seven days since the test screening programme turned up any positive results. During that time public health personnel have carried out 1,671 PCR tests, which have all been […]
Bank needs collateral for cheap loans
(CNS): The Cayman Islands Development Bank is offering 1% interest loans with “excellent terms and conditions” to small businesses as part of the government’s economic recovery package. However, borrowers will still need to provide an acceptable form of “security to be held as collateral for the loan”, the bank’s CEO and director, Tracy Ebanks, told […]
