Archive for June, 2023
Banks agree to delay just as Fed pauses rate hikes
(CNS): The local banks have agreed to give customers a 30-day notice before rolling out any more interest rate hikes, Premier Wayne Panton told a business audience on Wednesday, just after the US Federal Reserve paused its increases on interest rates in the United States after more than a year of regular increases, which have […]
Serial con woman faces list of fraud charges
(CNS): Judith Douglas, who has a history of conning people out of their cash, is facing a new set of charges. The 57-year-old George Town woman, who was recently released from prison, having served a sentence for a massive Caymanian status fraud, is now facing 36 counts of obtaining property by deception in a rental […]
One of three stolen boats still missing
(CNS): Three boats were stolen over the weekend, despite numerous alerts from the RCIPS this month about a spike in acquisitive crime. While two of the boats have been found, a white 16ft South Sea boat with blue stripes that was stolen from the Conch Point Road area in West Bay is still missing. The […]
Caymanian finally set to take over as CoP
(CNS): Deputy Police Commissioner Kurt Walton has said he is under “no illusions” about what he faces when he is promoted to the post of police commissioner before the end of the year. Almost two decades since a Caymanian last held the top job in the Royal Cayman Islands Police Service, Walton secured the appointment […]
Crime warning issued over theft spike
(CNS): A surge in thefts from vehicles and of construction tools from work sites, private properties, trucks and cars has seen the police issue more crime prevention advice to owners. The RCIPS is investigating a number of incidents in recent weeks where vehicle windows were smashed and various items stolen. Commonly stolen items include electronics, money […]
New pension raid justified by poor performance
(CNS): A proposal to allow people to use their pensions to pay down mortgages or for a deposit to buy their first property is justified because of the poor performance of private pension funds that non-government workers are forced to pay into each month, Chris Saunders MP said in parliament last Friday. Despite some reservations, […]
Minister in Europe to tackle grey list issue
(CNS): Minister André Ebanks departed for Europe this weekend, heading a local delegation in the battle to finally get the Cayman Islands removed from the FATF grey list at a meeting in Paris next week. If he succeeds, this jurisdiction will likely also be removed from the European Union AML List in October.
Testing to begin on ID register
(CNS): Following the recent Cabinet approval of the partial commencement of the Identification Register Law, which was passed at the end of last year, work has started on the creation and testing of the register ahead of the live application process. The start of the legislation also paves the way for the creation of the […]
Visitor dies after medical emergency while snorkelling
(CNS): A 68-year-old woman visiting Cayman from North Carolina in the USA died at the weekend after suffering an undisclosed medical emergency while snorkelling around Cayman Kai in North Side. Police said the emergency services were called to the area just after 11:05 on Saturday morning and provided urgent first-aid. The woman was taken to […]
CUC rolls out non-renewable charging stations
(CNS): Caribbean Utilities Company is rolling out an electric vehicle charging station initiative, offering to install stations in business and residential strata car parks and to maintain them for an annual fee. Users will be charged for the power via an app. Grand Cayman’s power provider is promoting the stations as a sustainable project, but […]
Banks claim to help, as gov’t plans review of rates
(CNS): Government will continue to press local banks to reduce interest rates, and it has accepted a motion by McKeeva Bush MP (WBW) to look at creating a local interest rate-setting body and allow the government-funded Cayman Islands Development Bank to accept deposits. But the local retail banks have defended their refusal to delay or […]
