Business
Premier to ride in St Tropez bike race
(CNS): Premier Alden McLaughlin will be mixing business with pleasure next week during a trip to Europe, where he will meet with UK officials in London and maritime experts in Monaco. He will also be taking part, alongside Prince Albert and other celebrities, in the 8th annual Champagne and Oysters Cycling Club (COCC) St Tropez […]
More legislation planned to keep Cayman compliant
(CNS): After steering through two pieces of legislation in the most recent session of the Legislative Assembly to help keep Cayman’s offshore sector compliant and competitive, the financial services ministry is working on more new laws, which are expected to be debated in June. The Securities Investment Business (Amendment) Bill, 2019, which was published on […]
How do you request a new bus stop?
I pass buses everyday who pull over at the yellow crossing on West Bay Road outside the medical school residence hall. Students stand at the crossing waiting for the bus, which is dangerous as cars don’t know if students are crossing or not and it’s an accident waiting to happen. The buses also block the […]
US judge berates Carnival over pollution
(CNS): A United States federal judge has threatened to block Carnival cruise ships from docking at American ports as punishment for a possible probation violation in relation to the company’s illegal dumping of waste into the ocean. Judge Patricia Seitz also revealed that she would like to jail the executive committee for a few days […]
Clock ticks for input on mortgage law reform
(CNS): People wishing to provide input to government about its proposals to create specific legislation to deal with home loans have until the end of April to make their submissions. The Law Reform Commission is examining whether or not the laws in this area need to be reformed as a result of public concerns about […]
CIG to spend millions addressing CFATF report
(CNS): The government will be spending many millions of dollars to improve the anti-money laundering, counter terrorism and financial crime regime in Cayman over the next year, following the recent findings of the Caribbean Financial Action Task Force, Premier Alden McLaughlin told Finance Committee on Friday. He said the more than $600,000 appropriation for the […]
Republic to retain status quo at Cayman National
(CNS): Nigel Baptiste, the president of Republic Financial Holdings Limited, which acquired a majority shareholding in Cayman National Corporation Limited this year, has said that it will be maintaining the local bank’s brand and keeping its management and staff in their jobs. In a recent press release he claimed the acquisition was a model for […]
Cayman shipping registry rated top class
(CNS): The Cayman Islands Shipping Registry has been rated as one of the best in the world in the International Chamber of Shipping (ICS) Flag State Performance Table for 2018/19 for the 8th year on the run. Cayman received positive indicators across the board on the Performance Table, one of 16 countries from 117 with […]
CAL ‘looking at all options’ over Max 8 problem
(CNS): Tourism Minister Moses Kirkconnell has not ruled out a change in the plan to replace the Cayman Airways fleet with the new Boeing 737 Max 8 aircraft, given the grounding of that model in the wake of two fatal crashes and problems the manufacturer has not yet solved. Answering questions in the Legislative Assembly […]
Dock backers warned ‘careful what you wish for’
(CNS): The recent news that Carnival has created its own locally-based watersports and tour operator to divert business from long-standing Caymanian operators and funnel profits back into the cruise line’s pockets should serve as a warning to all those supporting the government’s proposed cruise berthing facility, the opposition leader has said. The move by Carnival […]
ESO begins work to gather annual statistics
(CNS): The Economics and Statistics Office will begin its annual business surveys to measure the country’s economic performance in 2018 next week. The ESO needs data for the System of National Accounts (SNA), which estimates the total value of goods and services produced by the different industries in the Cayman Islands, and for the Balance […]
