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CITA calls for change to booze and music laws

CITA calls for change to booze and music laws

| 22/02/2018 | 81 Comments
(CNS): The Cayman Islands Tourism Association is asking government to change the laws relating to liquor licensing and music and dancing following the negative impact on the sector this New Year. The private sector body said it has had a series of meetings with Commerce Minister Joey Hew, other gov [...]

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Will Smith’s advice on taxes: Pay them!

Will Smith’s advice on taxes: Pay them!

| 19/02/2018 | 46 Comments
(CNS): “Pay your taxes,” Hollywood legend Will Smith advised Cayman Islands hedge fund professionals at the Cayman Alternative Investment Summit this month. Reflecting on the very early days of his career after his first hit records when he fell foul of the US tax authorities, leaving the ‘Fre [...]

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Tourism sector breaking more records

Tourism sector breaking more records

| 16/02/2018 | 99 Comments
(CNS): The Cayman Islands’ tourism sector continues to boom as official overnight visitor figures for January 2018 break more records. Having closed 2017 with the highest visitor numbers in history, the growth continued unabated, as 2018 began with January recording a near 24% increase in stay [...]

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Realtor accused of misusing client’s cash

Realtor accused of misusing client’s cash

| 13/02/2018
(CNS): Antonio “Toni” Paolini (77), the one-time owner of Cayman Real Estate, appeared in Grand Court Tuesday on trial for theft. The real estate agent is accused of stealing $43,000 from Dr Dirk Belfonte, who gave the cash to Paolini as a deposit for a piece of land he wanted to buy. Bu [...]

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CEC will start on campus this year, officials said

CEC will start on campus this year, officials said

| 12/02/2018 | 19 Comments
(CNS): With over 225 companies operating from offices and co-work space around Grand Cayman under the banner of Cayman Enterprise City, the management has said that it still intends to begin work on a campus to create a physical tech zone. CEC began renting random empty business space to firms opera [...]

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MPs angry over FCO’s failings on Bermuda’s gay marriage ban

MPs angry over FCO’s failings on Bermuda’s gay marriage ban

| 12/02/2018 | 68 Comments
(CNS): British MPs have attacked the Foreign Office and Foreign Secretary Boris Johnson after the government confirmed it would not be taking any action to prevent the Bermuda government from reversing its gay marriage legislation. Foreign Office Minister Harriet Baldwin told the UK parliament Thurs [...]

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CPA gives nod to controversial 7MB project

CPA gives nod to controversial 7MB project

| 08/02/2018 | 67 Comments
(CNS): A controversial development on Seven Mile Beach, which opponents claim will promote ‘transient tourism’ in Cayman through websites like AirBnB, has received the green light from the Central Planning Authority. The Grove, which will provide a boost to the economy and range of welcome facil [...]

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Business urged to wade in on consumer protection

Business urged to wade in on consumer protection

| 07/02/2018 | 11 Comments
(CNS): The new Chamber of Commerce president, Paul Byles, is urging all businesses to engage in the consultation process for the proposed Consumer Protection and Guarantees bill because he believes it will be much more difficult to ask for change once the law is passed. The bill is designed to give [...]

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Minister goes to Jam to fact find for new bureau

Minister goes to Jam to fact find for new bureau

| 05/02/2018 | 50 Comments
(CNS): Commerce Minister Joey Hew made a fact-finding trip to Jamaica recently to see what he could learn from the neighbouring country about trade and investment that might help inform the creation of a new entity that promotes business opportunities here. Hew said, “We are looking at different m [...]

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Hyatt returning to Cayman as new hotel’s brand

Hyatt returning to Cayman as new hotel’s brand

| 01/02/2018 | 49 Comments
(CNS): Hyatt Hotels has revealed that its brand is coming back to Cayman after it announced a deal with Pageant Beach Hotel Ltd, which received planning permission last week for a ten-storey, 351-room hotel on the George Town waterfront site at the southern end of the West Bay Road. Although there [...]

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US overtakes Cayman in financial secrecy index

US overtakes Cayman in financial secrecy index

| 31/01/2018 | 28 Comments
(CNS): The United States has pushed Cayman into third place in the global financial secrecy charts from the Tax Justice Network. The US is now listed as the second largest tax haven in the world, behind Switzerland. The TJN’s 2018 Financial Secrecy Index (FSI), produced in partnership with Transpa [...]

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