Business
Public service retirees to get 3.8% pension rise
(CNS): Retired public sector workers who are members of the government pension scheme will be receiving a 3.8% increase for 2024 based on the current inflation rate, the Public Service Pension Board (PSPB) has said. CNS has confirmed that MPs and judges who receive pensions are also receiving the cost-of-living increase on their payments, despite […]
Where are our priorities?
MDR writes: The decision by the Cayman Islands Department of Tourism to award a US$12.3 million contract to an overseas company to create a global brand to market the Cayman Islands as a luxury destination has raised significant concerns. This move comes at a time when the cost of living in the Cayman Islands is […]
PPM hits out at minister’s failure to reboot tourism plan
(CNS): The Cayman Islands Ministry of Tourism is waiting until the end of next year to launch a new tourism plan after the current document expires in 2023, according to Chief Officer Stran Bodden. However, the opposition has criticised this decision. In a statement, PPM Leader Roy McTaggart urged Tourism Minister Kenneth Bryan to “do […]
DoT defends $12.3M PR and ad agency deals
(CNS): The Department of Tourism has defended the decision to sign contracts, collectively worth $12.3 million, with a public relations firm and an advertising agency, a move that led to considerable public comment. The two deals cover a five-year period and will promote the destination in North America and around the world. The DoT noted […]
CIG throwing party in Singapore for new office
(CNS): Deputy Premier and Financial Services Minister André Ebanks will be overseas next week, leaving on Wednesday to head a delegation travelling to Singapore to open a Cayman Islands office there. The decision to follow through on the office first proposed under the previous PPM-led administration was to “establish and deepen strong public- and private-sector […]
DoT footing bill for influencer’s pre-wedding parties
(CNS): The Department of Tourism has declined to answer questions from Cayman News Service about how much it is spending on footing the bill for a TikTok influencer’s bachelorette party as well as the bachelor party for her husband-to-be in the Cayman Islands. Responding to questions from CNS about the decision to give the free […]
Payments for 600 ex-CS pensioners may be stopped
(CNS): Pensioners in the government’s public pension scheme who haven’t completed their 2024 annual Pension Continuation Confirmation Certificate (PCCC) will have their payments stopped next month, the Public Service Pensions Board (PSPB) said in a press release Tuesday. Earlier this year, over 2,600 PCCCs were sent to pensioners, but around 600 people have not returned […]
DoT cuts deals worth $12.3M with US agencies
(CNS): Following a competitive, multi-month procurement process, the Cayman Islands Department of Tourism (DoT) has cut deals with two agencies based in the United States to take on promotional work and the creation of campaigns for the next five years. The two contracts are worth over CI$12.3 million to showcase this destination and attract more […]
New bill rolled out to help trust and estates sector
(CNS): Financial Services Minister André Ebanks will present the Perpetuities (Amendment) Bill, 2024 in parliament next month. The bill aims to enhance the trusts and estate planning sector by removing the mandatory 150-year perpetuity period for existing and future trusts. The change aligns with industry trends and ensures the Cayman Islands’ competitiveness in financial services, […]
Route of redress opened for 7M public beach vendors
(CNS): Cabinet has approved amendments to the Seven Mile Public Beach Park Vendor Policy that introduce a review process and provide an appeal mechanism for all vendor applicants. Officials said the revision aims to enhance transparency and fairness in the vendor permit application process. It allows applicants to request the reasons behind the decisions made […]
OfReg blames CUC’s failings for blackout warnings
(CNS): The Utility Regulation and Competition Office (OfReg) has rejected the idea that it is to blame for the possibility of rolling power outages on Grand Cayman this summer if, as expected, demand on the grid reaches the peak of CUC’s ability to generate electricity. For some time, CUC has been warning that the island […]
