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Inflation fuelling minimum wage challenge, says MLA

Inflation fuelling minimum wage challenge, says MLA

| 15/08/2018 | 90 Comments
(CNS): The MLA for George Town Central, Kenneth Bryan, has finally received a written response from government to a parliamentary question he submitted at the beginning of the year; it said that the minimum wage will be under review by the end of this month. But the independent member said inflation [...]

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Cayman plays part in Amazon deforestation

Cayman plays part in Amazon deforestation

| 15/08/2018 | 47 Comments
(CNS): A new report published by researchers this week in the academic journal, Nature, Ecology and Evolution, states that tax havens and offshore financial centres, including the Cayman Islands, are supporting unsustainable practices such as Amazon deforestation. While tax havens have long been bla [...]

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CIG signs deal paving way for ‘digital economy’

CIG signs deal paving way for ‘digital economy’

| 14/08/2018 | 31 Comments
(CNS): Commerce Minister Joey Hew has said that a partnership with TechCayman, a new venture from the business leaders of Health City, could make the Cayman Islands the “Silicon Valley” of the Caribbean. Speaking at a press conference last week to announce the deal, Hew spoke about the [...]

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CIMA signs deal with American insurers group

CIMA signs deal with American insurers group

| 13/08/2018 | 1 Comment
(CNS): The Cayman Islands Monetary Authority has signed a memorandum of understanding with the National Association of Insurance Commissioners (NAIC) to help insurance supervisors in the United States and Cayman Islands coordinate on regulatory issues with the goal of efficient, fair, safe and stabl [...]

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Petition started to keep CNB Caymanian

Petition started to keep CNB Caymanian

| 10/08/2018 | 72 Comments
(CNS): The announcement this week that a regional bank has made an unsolicited potential offer to buy up a ruling share of Cayman National Bank has spawned a local backlash, with people taking to social media to voice their concerns. A petition has now been started to urge the bank not to sell. More [...]

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Tour company applies to put pontoon at Sandbar

Tour company applies to put pontoon at Sandbar

| 09/08/2018 | 103 Comments
(CNS): MarineLand Tours has made a coastal works application to install moorings to support a multi-level tourist pontoon just yards from the Sandbar in the North Sound. The application indicates that the owners want to create a tourist attraction in the area with water slides, snorkelling trips, an [...]

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New 10-storey 7MB project gets green light

New 10-storey 7MB project gets green light

| 09/08/2018 | 98 Comments
(CNS): A new $177 million development proposal on one of the last vacant parcels on Seven Mile Beach not owned by the Dart group of companies was given the green light by the Central Planning Authority on Wednesday. Watermark is a ten-storey condo project with a commercial building across the road. [...]

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Top court confirms extent of CIMA’s powers

Top court confirms extent of CIMA’s powers

| 08/08/2018 | 4 Comments
(CNS): The Cayman Islands  Monetary Authority has said that a Privy Council decision last month has confirmed the regulator’s powers to compel non-licensee Cayman Islands registered firms to give up information on behalf of other overseas regulators under the authority’s 2018 Law. Accor [...]

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Regional bank triggers offer for control of CNB

Regional bank triggers offer for control of CNB

| 07/08/2018 | 76 Comments
(CNS): The board of Cayman National Corporation, the parent company of Cayman National Bank, has confirmed that it is currently considering a possible takeover offer by a regional player based in Barbados. The Republic Bank Trinidad and Tobago (Barbados) Limited (RBTTBL), which is owned by Republic [...]

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Conservationists urge a stop to cruise project

Conservationists urge a stop to cruise project

| 03/08/2018 | 50 Comments
(CNS): Save Cayman, a local non-profit conservation group that raises awareness about the need for greater protection for the country’s fragile environment, is once again calling on government to stop the costly cruise berthing project. Government’s plans to construct two piers and expan [...]

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CUC sales boosted by 2% customer increase

CUC sales boosted by 2% customer increase

| 01/08/2018 | 17 Comments
(CNS): Grand Cayman’s monopoly power provider has enjoyed another profitable quarter, despite paying for improvements to the system, largely due to a 2% increase in customers. For the three months ending 30 June, the Caribbean Utilities Company (CUC) saw a $900,000 increase in earnings compa [...]

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