Business
Store boss demands staff reveal vaccine status
(CNS): Al Thompson, the president and owner of Cayman’s largest retail hardware store, is pressing all of his staff to get vaccinated and has told them to “stop reading nonsense on social media” and “stop listening to stupid people” with no medical knowledge spreading propaganda. Falling short of mandating the vaccine in order for people […]
Import regs changed to address cement shortage
(CNS): Government has amended the regulations surrounding the limits on cement importation to address an acute shortage, which is fuelled by the continued commercial construction in Cayman as well as global supply chain problems. Colombia, Cuba and Panama have now been cleared as authorised countries where the cement can be sourced. Customs and Border Control […]
Activists call for zero tolerance of cruise emissions
(CNS): The Global Cruise Activist Network (GCAN) is calling on G20 nations to stop cruise ships entering ports if they don’t meet greenhouse gas emission standards consistent with the goals of the Paris Agreement and to support the right of countries to control access to their ports. The call from the international organisation campaigning for […]
Steps towards January opening detailed
(CNS): The government has now published the full plan to take Cayman Islands all the way towards fully opened borders by the end of January. The six phases of the opening plan, outlined in documents on the government website, show the next phase is set to start on 9 August, when people who have been […]
Chamber boss claims pension system a success
(CNS): Cayman’s national pension system has faced significant criticism from politicians of all stripes but Chamber of Commerce President Mike Gibbs defended it at the organisation’s Legislative Luncheon last week, despite evidence that, 23 years after the system was introduced, few people are retiring with anything like a viable income from their investment.
New rules bring partnerships into line with EU demands
(CNS): Government has published new regulations that come into force today requiring partnerships to notify with the Tax Information Authority (TIA) and where relevant file an economic substance return to ensure this jurisdiction can continue to do business in the European Union. Financial Services Minister André Ebanks said the rules address the EU’s Tax Good […]
Tourism workers getting stipend must take survey
(CNS): The Ministry of Tourism has launched a mandatory survey that must be completed by all recipients of the tourism stipend by Friday, 2 July. Tourism Minister Kenneth Bryan said the objective was to collect accurate data that will enable the ministry to plan for the future needs of the industry, in preparation for reopening. […]
Brief window for more tourism workers to get cash
(CNS): The Ministry of Tourism has announced that a window of opportunity to register for the tourism stipend for those not already receiving it will open tomorrow for just one week. Government has already spent around $70 million to support displaced workers in the sector since the borders closed due the COVID-19 pandemic. Those already […]
Developers, realtors offered AML seminar
(CNS): A number of financial service experts have created an anti-money laundering (AML) seminar designed for people in real estate and development to help them understand the risks and vulnerabilities of their sector and the need for them, just like financial institutions, to know their clients. The question of the property sector’s vulnerability to financial […]
OfReg poses increase to domestic solar generation
(CNS): The utilities regulator, OfReg, has said that an additional capacity of 3MW of Distributed Generation Resources (DGR) could be added to Grand Cayman’s transmission and distribution system to allow more domestic generation of renewable energy, given the level of demand, until CUC is able to complete its battery energy storage system (BESS) for its […]
Dart bound by Britannia homeowners’ rights
(CNS): Around two hundred owners of residential properties in what was once known as the Britannia Resort, off the West Bay Road and adjacent to Camana Bay, have won access rights following a major court decision published this week. Following a long running legal battle between homeowners and several Dart companies that wanted to shake […]
