Business
CUC cuts deal for long-awaited energy storage
(CNS): Caribbean Utilities Company (CUC) has signed a deal with a global energy company to install two 10-megawatt storage systems. This will be the local power provider’s first storage facility, which was approved by OfReg more than three years ago. The project is expected to be finished late next year and will enable CUC to […]
Flow: OfReg jumped the gun on pricing dispute
(CNS): Flow said it was “deeply concerned” by the press release last week from OfReg about its official notice to the local branch of the telecom provider informing it of “possible contraventions of licence conditions” under the Utility Regulation and Competition Act. Responding to CNS inquiries, officials from Flow said OfReg was “extremely premature” when […]
Flow facing fine after overcharging local businesses
(CNS): Hundreds of local businesses have been overcharged by telecommunications company FLOW, according to OfReg. The utilities regulator is still investigating the pricing practices of the communication service provider owned by Cable & Wireless but said in a release issued Wednesday that it has been able to confirm that Flow overcharged all its fixed-line business […]
Bryan plans shake-up for regional tourism
(CNS): Tourism Minister Kenneth Bryan said Thursday that now he has taken on the chairmanship of the Caribbean Tourism Organization, the issues on his agenda include the possible reduction of tourism taxes, the removal of travel visas and multi-destination tourism through better air connections across the Caribbean region. Bryan said that while the Cayman Islands’ […]
Bryan voted in as CTO chairman unopposed
(CNS): Cayman Islands Tourism Minister Kenneth Bryan has been voted in as chair of the Caribbean Tourism Organization (CTO). The local minister was elected unopposed on Tuesday evening during the CTO Council of Ministers meeting at the regional tourism conference currently being hosted at the Ritz-Carlton. Bryan is the first CTO chairman from the Cayman […]
Cryptocurrency property sale overseen by CIMA
(CNS): A real estate agent raised eyebrows across the community after conducting the first-ever sale of property where a buyer used cryptocurrency. The details of the sale and buyer haven’t been released, but the Cayman Islands Monetary Authority (CIMA) has said that the multi-million dollar deal conducted using virtual assess was above board because the […]
July visitors reached over 60% of pre-pandemic year
(CNS) The Cayman Islands welcomed 32,411 overnight visitors in July, which is 63% of the number in 2019, the record-breaking year before the COVID-19 pandemic closed local borders. Tourism Minister Kenneth Bryan said that the original target for visitor numbers for the end of this year was 40% of the more than half a million […]
New CAL pilots ready for takeoff as captains retire
(CNS): Four senior Caymanian first officers with Cayman Airways will be upgraded to captain on the B737-8 fleet in the coming months, the airline has said. This is part of the succession plan to replace captains who retired in 2021 and to address future pilot needs. The local pilots, who have already been assessed for […]
Public Transport Board says ‘no’ to bus fare hike
(CNS): Local bus fares will not be increasing this month, despite a notice printed and circulated by drivers indicating a CI$1 or $1.50 hike from 12 September, as the rise has not been officially approved. Following inquiries by CNS about the notices posted on buses and circulated on social media, the Ministry of Tourism and […]
Cayman adds Colombia to list of possible food suppliers
(CNS): Agriculture Minister Jay Ebanks is looking at adding another country to the list of potential suppliers for the Cayman Islands in pursuit of greater food security as the world battles supply chain issues and inflation caused by a number of issues, including the pandemic and the war in Ukraine, compounded by climate change. Following […]
Bryan ‘disappointed’ as CAL chairman left too soon
(CNS): Tourism Minister Kenneth Bryan has said he was disappointed that Jude Scott, who recently resigned as chairman of Cayman Airways, “abandoned ship when he did” because he had “jumped the gun a little” since the concerns he raised in his resignation letter have largely already been addressed. Bryan said that Cabinet has approved the […]
