Business
Pirates plan raid on plastic
(CNS): Pirates will be joining forces with a local NGO next month for a raid on plastic at Safehaven. The Pirates Week Festival announced this week that it has brought back the beach clean-up to this year’s festival and will be partnering with Plastic Free Cayman. Melanie McField, Pirates Week General Manager, said that anyone […]
Hong Kong firm begins OfReg work on fuel prices
(CNS): The utilities regulator, OfReg, has revealed that a Hong Kong-based firm has begun work on the long-awaited assessment of the fuel market in the Cayman Islands. OfReg said consultants from Economics Partners Limited, which won a recent tender, were here meeting with stakeholders to carry out the “market diagnostics” stage of this review of […]
Cayman commits to public BO registers
(CNS): The Cayman Islands Government has confirmed it will introduce the controversial public register showing the beneficial owners of all financial entities domiciled in this jurisdiction by 2023, in line with the emergence of these registers across Europe, officials said. The issue caused considerable controversy when the UK parliament passed an amended bill in May […]
OfReg seeks access to power provider’s books
(CNS): OfReg has begun a public consultation on proposed new accounting rules for the electricity sector that the authority said will protect consumers by strengthening its capacity to detect abuses of market power and unfair pricing. While the public continues to demand that OfReg deal with the fuel providers, as that is seen as the […]
Cruise lines still polluting
(CNS): Environmental credentials claimed by the cruise lines partnering with the Verdant Isle group during their recent visit to the Cayman Islands rang hollow after a US federal judge said that Carnival Corporation was still not doing enough to fix the ocean pollution it caused. Activists campaigning against the cruise port that Verdant Isle has […]
Commerce minister sells Cayman in Monaco
(CNS): Joey Hew, the minister for commerce and infrastructure, was the keynote speaker at the Mare Forum in Monaco recently, where he told wealthy superyacht owners that Cayman was open for business and that the portfolio of mega yachts operating under the Cayman Red Standard was growing. He told the the audience that Cayman was […]
Newspaper to supply gov’t TV with content
(CNS): The Cayman Compass has entered into a deal with the Unity Government to publish its local news content on the Cayman Islands Government TV station. Officials from both the newspaper and government said no money is changing hands but the local publisher will allow government to broadcast the video programmes it makes free of […]
The state of local media
CNS writes: Now that the Cayman Compass is collaborating with the government to bring “independent” video news to the local community, CNS is the last fully-functioning, truly independent media house in the Cayman Islands. This is a very sad moment in Cayman history. The quality of reporting at the Compass has varied over the years, […]
WORC stops doing its own English tests
(CNS): The new agency that will be dealing with employment and work permits, Workforce Opportunities and Residency Cayman, will no longer be conducting its own English Language Tests (ELTs), from 14 October, for work permit applicants who are not native English speakers. As a corruption case involving around a dozen defendants relating to these tests […]
Cruise boss: Cayman tourism model outdated
(CNS): The president of Royal Caribbean Cruises has said the development of cruise berthing facilities in Grand Cayman would “open the door” of opportunity to modernise the tourism product the island offers, but it is not a solution to all of the problems. Micheal Bayley implied that the Cayman Islands was stuck with an old […]
$50 will lift lid on company directors
(CNS): An amendment to the Companies Law passed in the Legislative Assembly in July comes into effect tomorrow, allowing members of the public to pay $50 to search the General Registry and find out who the directors are for a specified company for both local businesses registered here as well as foreign offshore companies, including […]
