Business
OfReg admits Maya-1 Cable had been damaged
(CNS): OfReg has said that an outage on a section of the Maya-1 undersea cable, which provides the Cayman Islands with international internet connections, has been resolved. An offshore repair was carried out in Mexico last week by the cable ship Wave Sentinel and a cable repair team, which restored full traffic service, officials stated. […]
ACT accuses CPR of bias and scare tactics
(CNS): The Association for the Advancement of Cruise Tourism in the Cayman Islands (ACT), which is pushing hard for a ‘yes’ in the government’s planned referendum on whether or not Cayman should build cruise berthing facilities, has taken aim at the non-profit campaigners who oppose a pier project. In a statement, the ACT accused the […]
Cayman registers 30k funds for the first time
(CNS): Officials have claimed that the Cayman Islands continues to cement its place as a global leader in investment funds after the jurisdiction topped a record-breaking 30,000 funds. The Cayman Islands Monetary Authority (CIMA) said that as of 4 September, the total number of registered investment funds in Cayman was 30,038 (17,080 private funds and […]
CPR takes public pulse as cruise battle heats up
(CNS): As the fight between the small number of operators and merchants set to gain from cruise ship berthing facilities and those who oppose such damaging development heats up, the Cruise Port Referendum Cayman campaigners have published an online survey.
CI$50k up for grabs for new tourism ideas
(CNS): The tourism ministry is offering a grant of up to $50,000 to Caymanians who come up with new, original, authentic visitor experiences to help expand the attractions and things for tourists to do when they visit the Cayman Islands. The Visitor Experience Development Grant (VEDG) is designed to increase local participation in the tourism […]
Minister stands by consultation on new fees
(CNS): Financial Services André Ebanks is standing by his decision to engage local financial institutions in a consultation over proposed fee hikes next year. Premier Juliana O’Connor-Connolly has claimed that she was not aware of a proposal to implement a $200,000 annual fee on the Credit Union, among other financial institutions. However, Ebanks has said […]
Credit Union raises alarm over possible $200k fee hike
(CNS): The Credit Union is calling on members to vote against a potential fee hike as part of proposed amendments to the Cooperative Societies Act. The public servants’ bank is speaking out against the amendments, which are aimed at offshore financial entities. If it is caught up in a possible $200,000 operating fee, this could threaten […]
Cruise vote vital, Chamber says, while raising concerns
(CNS): The Cayman Islands Chamber of Commerce believes the local business community, especially retailers, has a vested interest in the outcome of the referendum on a cruise port that the government is proposing to hold later this year, given its potential economic impact. But while the business advocacy group believes such a vote is vital, […]
Cayman is regional leader in 5G network availability
At the Caribbean Spectrum Management Conference held in Jamaica earlier this year, the Cayman Islands was singled out as being ahead of the curve in the region when it comes to wireless broadband connectivity. Both Flow and Digicel launched 5G services in June.
Bryan: Referendum will be one simple question
(CNS): Tourism Minister Kenneth Bryan has said the referendum recently approved by Cabinet will be a very simple question asking the people whether or not they want the country to build cruise berthing facilities. The vote will not address where such a facility should be built, how it will be financed, whether or not it […]
Unfinished hotel now wants licence for 7MB dock
(CNS): The developers of the Grand Hyatt Hotel, a ten-storey hotel currently under construction at the southern end of Seven Mile Beach, have made an application for a watersports dock, which was not part of the original project. Although there is no specific policy against docks along Grand Cayman’s famous beach, they are very rare […]
