Business
US cruise ships cancel all trips through October
(CNS): As new cases of COVID-19 emerge on some of the few cruise ships that had begun sailing again, the US-based Cruise Lines International Association (CLIA) has announced that its ocean-going cruise line members have agreed to “voluntarily suspend” American cruise operations until at least 31 October. Describing it as a difficult decision, the CLIA […]
CUC earnings take $4M hit from COVID-19
(CNS): Caribbean Utility Company’s earnings fell by $4.2 million during the first six months of this year when compared to 2019, as a result of the COVID-19 pandemic. Although there was significant increase in power consumed by residential customers, the closure of large commercial customers led to a major fall in sales.
DP law still discriminates, say marriage officers
(CNS): One of Cayman’s leading marriage registrar teams has said that the Domestic Partnership Bill is not fit for purpose as it is discriminatory and ignores commercial considerations of the modern wedding industry. The owners of Simply Weddings, leaders in the local marriage business, have said the law will create an “undignified regime” by creating […]
Restrictions lifted on people leaving
(CNS): Government has removed the restrictions on people leaving the Cayman Islands. Outbound travel is now open to anyone in Cayman who needs to leave using Cayman Airways, charter or private flights. Passengers can now make their travel arrangements directly with the carriers. But the air and sea ports remain closed until 1 September, so […]
Local economic forum to plot ‘better future’
(CNS): The Chamber of Commerce will be holding this year’s economic forum online as a result of the COVID-19 health crisis, the impact of which will be at the heart of the agenda. The central topic will be how Cayman can emerge better after this unprecedented situation. Finance Minister Roy McTaggart will deliver an address […]
878 new business applications during pandemic
(CNS): Despite fears that Cayman’s economy is collapsing as a result of the COVID-19 pandemic, the Department of Commerce and Investment (DCI) said it has dealt with 878 new trade and business licences, since 25 March. Alongside the 3,083 renewal and 277 amendment applications, the new licences have led to delays in the processing time […]
CUC boss says future of power is solar
(CNS): Whether solar panels in the Cayman Islands should be mainly located on rooftops or on land farms to meet the proposed energy goals may be up for debate, but Richard Hew, the CEO of Caribbean Utilities Company (CUC), is certain that the sun will provide the country’s future power needs. Appearing before the Public […]
Plan will ‘catapult’ Cayman back to tourism
(CNS): The tourism ministry’s plan to rebuild the sector will depend on a number of variables, such as persuading high net worth individuals in the United Sates with cabin fever that Cayman is a healthy safe place to visit and investing in re-tooling workers and adapting businesses in the tourism sector. In a new report […]
Suppliers blame cost of living for pump prices
(CNS): The irony of claims by the two major wholesalers of fuel in Cayman that the cost of living here was causing high gas prices was not lost on Public Accounts Committee Chair Ezzard Miller on Wednesday. Pierre Magnan, president of the Sol Group, and Nicolas de Breyne, VP of Rubis, both blamed fixed costs […]
Cancelled Jamaica evacuation flights rescheduled
(CNS): Cayman Airways confirmed Wednesday evening that the two repatriation flights that should have carried passengers to Jamaica on Wednesday have been rescheduled for Thursday 23 July. CAL’s 737-300 jet aircraft was set to undertake two return flights to Kingston from Grand Cayman this morning but the flights cancelled due to technical trouble.
Pump price ‘not fair’ says OfReg deputy chair
(CNS): The deputy chair of OfReg’s board of directors has confirmed that the utilities regulator now has information that indicates the fuel suppliers are not passing on the savings they could to consumers when world prices fall. Ronnie Dunn said a recent survey of pump prices by the fuel team at OfReg showed that rates […]
