Business
Cayman gets guest seat on FATF regional body
(CNS): The Cayman Islands has become one of the first countries to secure a seat at the table of a new regional body created by the Financial Action Task Force (FATF). Cayman and Senegal have been appointed as guest members under a new Regional Bodies Guest Initiative that will invite under-represented jurisdictions from the global […]
Power conference opens with regulatory meeting
(CNS): The Caribbean Electric Utility Services Corporation (CARILEC) and Caribbean Utilities Corporation (CUC) are hosting the annual CARILEC Resilient Energy Community (CAREC) Conference in the Cayman Islands this week. Over 120 members of the energy sector, including industry experts, government officials, regulators, renewable energy innovators, and stakeholders from the Caribbean, will meet under the theme […]
Bryan to meet with cruise bosses as port calls fall
(CNS): Tourism and Ports Minister Kenneth Bryan and senior officials from his ministry are attending the Florida-Caribbean Cruise Association (FCCA) Conference and Tradeshow in St Maarten this week. The visit comes against the backdrop of decreasing cruise ship calls and a proposed referendum next year asking Cayman Islands voters if they want cruise berthing facilities, […]
Culture minister gets $574K of ‘treasure’ for Pirates Week
(CNS): Culture Minister Dwayne Seymour has secured well over half a million dollars to spend on this year’s Pirates Week Festival, breathing new life into what had become a lacklustre event in recent years. A lack of government funding and a lack of interest in supporting it from local sponsors had taken a toll on […]
DoT promotes Minnesota flight with sun-snow trip swap
(CNS): Two families of up to four people each will have the opportunity to win a seasonal trip swap this winter to mark the increase in flights between the Cayman Islands and Minneapolis. The Department of Tourism has launched a competition open to Minnesotans dreaming of a trip to a warm, tropical paradise, while residents […]
Hew: Referendum on cruise won’t settle the issue
(CNS): The new opposition leader, Joey Hew, has said that the proposed government referendum on whether or not Cayman should build cruise berthing facilities will not really settle the issue. Hew said the proposed vote was a smokescreen to deflect from the current government’s failure to take any action to support Cayman’s tourism industry and […]
Bryan uses fear of job losses to promote cruise piers
(CNS): Addressing parliament on Monday, Tourism Minister Kenneth Bryan left MPs and the people of Cayman in no doubt that the Cayman Islands Government will be using all of its power and influence to persuade the electorate to vote in favour of developing cruise berthing facilities. Although there is no specific project, Bryan is equating […]
Power outage at prison impacts inmates and security
(CNS): The Cayman Islands Government has finally confirmed that HMP Northward lost power on Sunday. While officials have remained extremely tight-lipped about the consequences, CNS understands there have been significant security concerns. Power was lost as the Caribbean Utilities Company (CUC) was conducting routine maintenance.
Small crowd urges government to build piers
(CNS): A small number of drivers and retail workers took part in a demonstration outside the House of Parliament in George Town on Monday, ahead of the Cayman Islands Government’s debate on a motion that will set the ball rolling for a question in next year’s referendum asking the people if Cayman should build cruise […]
CUC to raise $53M with rights offer to shareholders
(CNS): Caribbean Utilities Company Ltd (CUC), Grand Cayman’s power provider, is hoping to raise US$51.3 million by offering its Class A ordinary shareholders the opportunity to buy additional shares. CUC said it intends to use the proceeds to finance alternative energy projects, ongoing additions and upgrades to its generation, transmission and distribution systems, and general […]
Responsible developer wants sustainable planning rules
Top Hat writes: As a developer who strives to operate ethically and responsibly, it’s incredibly frustrating to see the lack of accountability and poor planning that continues to put both residents and the environment at risk. Development should contribute to a better, more resilient future for Grand Cayman — not worsen the flooding and infrastructure […]
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