Business
Mac begs opposition to support the UPM’s bills
(CNS): McKeeva Bush MP has made an unabashed appeal to PPM Leader Joey Hew and other opposition members to attend the parliamentary Business Committee meetings ahead of the scheduled session this month and help get the referendum bill and changes to the conservation law on the order paper for debate.
C3 secures legal hearing over CI$1.4M unpaid fees
(CNS): Internet provider Infinity Broadband, known as C3, the only locally-owned communications company in the Cayman Islands, is locked in a legal battle with the utilities regulator, OfReg, over CI$1,400,000 in unpaid fees. C3 believes the government hasn’t properly legislated to collect this coercive revenue from ICT firms, which it contends is a 6% tax […]
High street banks expected to cut interest rates
(CNS): Butterfield Bank (Cayman) Limited is the first of Cayman’s high street retail banks to announce an interest rate cut following the reduction in the US Federal Funds Rate yesterday by a quarter point. Butterfield said it will cut its Prime Rate for US and CI dollar lending for residential mortgages, consumer loans and corporate […]
Referendum bill to come to parliament in New Year
(CNS): Deputy Premier Kenneth Bryan, who is spearheading the government’s planned referendum next year, has said the legislation has been drafted, and a bill paving the way for the national poll on General Election Day will go before parliament when it meets on 31 January. At a public meeting on Monday organised by the Association […]
Parliament adjourns with passage of new BO regs
(CNS): Premier Juliana O’Connor-Conolly, who recently added financial services to the largest portfolio ever held by a Cabinet minister, steered a government motion through parliament Monday night that enables people with a confirmed legitimate reason to access beneficial ownership information about companies registered in the Cayman Islands. The Beneficial Ownership Transparency (Legitimate Interest Access) Regulations, […]
Foster’s embarks on major clean-up after store fire
(CNS): Customers and staff were evacuated from Foster’s Airport supermarket Tuesday lunchtime after an electrical fire in one of the store’s chillers. While the small blaze was quickly extinguished and no one was hurt, the smoke caused damage. Food and exposed plates and cutlery have been removed from counters impacted by the fire, including the […]
ACT presses for referendum without consultation on bill
(CNS): The Association for Cruise Tourism (ACT) is calling for the government to bring the referendum bill on the question of cruise berthing to parliament next month without any public consultation. The lobby group that represents a small number of merchants who rely on cruise passengers to sell their wares want the national vote to […]
Sun chair rental business pops up on Boggy Sand Beach
(CNS): Rows of sun loungers and beach umbrellas for visitors to rent reappeared on Boggy Sand Beach this week. The spot located on Mary Mollie Hydes Road, behind the West Bay Four Winds gas station, is private land and was the site of a controversial pop-up beach rental business in the past. When chairs appeared […]
Offshore bills raising fees open for last public input
(CNS): A dozen amendment bills to implement the UPM government’s additional revenue-raising measures from the offshore sector and a bill to implement Phase 2 of the regulatory framework for virtual asset services in the Cayman Islands have now been published in the Gazette. These bills are now open for the last round of public consultation […]
Saunders calls for tax on foreign-owned property
(CNS): Chris Saunders, the independent opposition MP for Bodden Town West, has filed a private member’s motion asking the government to create a Healthcare Protection Fund through an annual fee of 2% on real estate properties owned by foreigners. In a video message on social media, Saunders and UPM backbench MP McKeeva Bush, who is […]
Government helps Brac farmers in the wake of Rafael
(CNS): The Department of Agriculture has helped over fifteen farmers on Cayman Brac following the destruction of crops and the loss of trees during Tropical Storm Rafael. According to a DoA release, the support was primarily technical, supplied by the DoA team dispatched to the Brac, which included the crop extension officer, lead arborist, and […]
