Business
‘Naming and shaming’ unfair, says local woman
(CNS): A woman who says she was wrongly ‘named and shamed’ by a blogger is urging people not to rush to judgments when reading one side of a story on social media. Giselle Johnson was arrested last month following an altercation with her ex-boyfriend after he made what she said was a false allegation against […]
CUC reports green energy use increase of 47%
(CNS): Renewable energy on the CUC grid grew by 47% last year, according to the annual report of Grand Cayman’s monopoly power provider. At the end of the year, 343 of its near 30,000 customers connected almost 5,000 kilowatts of renewable capacity with the Customer Owned Renewable Energy (CORE) programme. Along with 5MW from the […]
Changes to law cut charity costs and red tape
(CNS): An amendment to the Companies Law made at the end of last year to reduce red tape and costs for local non-profits comes into effect on Friday, 1 March. Application fees for charitable entities applying to operate as a Section 80 company will be cut from CI$1,000 to $300 and administrative fees cut from $500 […]
CEOs increasingly worried about global economy
(CNS): Nearly 30% of business leaders believe that world economic growth will decline in 2019, compared to just 5% last year, according to the results of PricewaterhouseCoopers’ latest annual survey of more than 1,300 CEOs. Graeme Sunley, Territory Leader, PwC Cayman Islands, said that despite Cayman’s competitive advantages, in the changing world the jurisdiction will still need to work […]
Cayman escapes Europe’s dirty money list
(CNS): The Cayman Islands Government was able to breathe a sigh of relief this week when the European Commission revealed its revised blacklist of countries with what it considers weak anti-money laundering and terrorist financing regimes. This jurisdiction avoided the list of 23 countries, along with all of the British Overseas Territories with financial centres. But […]
Referendum petition steadily growing
(CNS): Volunteers from the campaign pursuing a people’s vote say they are steadily moving towards the target of 5,285 signatures of registered voters in order to trigger a referendum on government’s controversial plans for a cruise berthing facility in George Town. In recent weeks they have endured criticisms about not yet reaching the target and […]
Cayman won’t be bullied by ‘jealous’ rivals
(CNS): The Cayman Islands will not be bullied by countries that cannot compete with this jurisdiction on a level playing field, Premier Alden McLaughlin told an audience at the Cayman Alternative Investment Summit last week. Outlining the challenges that the islands’ offshore sector continues to face, he said the decision by the Dutch government in December […]
No wifi at airport arrivals hall
I recently was at the remodelled airport to pick up arriving guests. While waiting for them I wanted to use wifi from the airport on my phone. I found, I believe it was, CIAA guest, but it required a password. I asked a not very nice (friendly) parking machine attendant for the password. Her reply […]
New world risks v. opportunities top CEO agenda
(CNS): The 2019 Cayman Economic Outlook conference will be focusing on the risks and opportunities presented by the current world turmoil, officials said in a press release announcing the annual local business event that will take place later this month. The keynote speaker this year at this popular event, which has been running for fifteen […]
Objectors call proposed hotel ‘cheap and nasty’
(CNS): Objectors to a proposed 10-storey hotel at the northern end of the West Bay Road have not pulled any punches in their criticism of plans for this new land-side project across from their luxury beach-side condos and an empty lot on Seven Mile Beach. They described the proposed development as “cheap and nasty” and […]
Former chairman’s daughter takes over bank
(CNS): Janet Hislop has been appointed as President of Cayman National Bank, pending regulatory approval. Hislop, who takes up her position with CNB after eleven years as the chief officer of Deutsche Bank (Cayman) Limited, has a deep connection to Cayman National, as her father, Benson Ebanks, was a founding shareholder and chairman of the board.
