Archive for February 6th, 2024
Premier U-turns on luxury property duty increase
(CNS): Plans to increase stamp duty on luxury properties appear to have been dropped just a few weeks after it was suggested by Premier Julianna O’Connor-Connolly. The possibility of increasing stamp duty was raised in parliament in the UPM leader’s budget address in December, with the implication that the new government was considering raising the […]
Storm mashes north shorelines of Cayman Islands
(CNS): The storm currently passing the Cayman Islands brought extensive damage and severe flooding to the north shore of the three islands. However, in a video posted on social media, Henry Scott showed how some properties on Cayman Brac were saved from extreme damage by the seagrape trees left to grow on the beach in […]
RCIPS says flooded roads remain closed
(CNS) Updated 5:52pm: The roads on Grand Cayman that were closed due to the severe weather conditions will remain closed overnight, police say. These are North West Point Road (vicinity of Cracked Conch), Junction of North West Point Road/Town Hall Road, Eastern Ave/North Church Street, Bodden Road, Mary Street, and Broiler Road. On the maps […]
UPM ‘playing catch-up’ on public project spending
(CNS): Premier Juliana O’Connor-Connolly defended the UPM’s first budget, once again, on Friday when she told the business community that public spending on capital projects over the next two years was about “playing catch-up” with local infrastructure, which is necessary because of the significant population spike over the last few years. The premier, who has […]
