Tag: Chamber of Commerce
Unemployment persists despite economic growth
(CNS): The finance minister painted a rosy picture of Cayman’s economic growth and government’s fiscal prudence when he appeared at an economic forum Friday. Roy McTaggart pointed to growth in the economy of 2.9% in 2017, with the construction and tourism sectors leading the way, but Minister Roy McTaggart also revealed that Cayman’s unemployment rate […]
State of economy subject of new forum
(CNS): The Cayman Islands Chamber of Commerce will be hosting a local economic forum later this month, with a view to updating the community on the state of Cayman’s economic growth, its key industries and the government finances, including positive developments, challenges and an outlook for the medium term. Finance Minister Roy McTaggart will deliver […]
Cayman Finance remains calm, Chamber outraged
(CNS): Jude Scott, the CEO of Cayman Finance, has responded relatively calmly to the vote in the UK parliament yesterday, which will see the British government impose a public beneficial owners register on the Cayman Islands, as he pointed to the two-year process, during which time the dialogue with the UK would continue. Meanwhile, Chamber […]
Rivers calls for greater effort on perception problem
(CNS): The financial services minister has called on the sector to work with government to do more to address the perception problem that surrounds the industry overseas. Tara Rivers said that historically not enough was done to correct myths and misconceptions which have been allowed to fester because of those failings. Speaking at a Chamber […]
Chamber to lobby for construction industry
(CNS): The construction sector is complaining that the cost of doing business and bureaucracy are constraining the ability to grow, even though the industry is currently enjoy a period of expansion. Thirty construction and development firms took part in a recent round table at the Chamber of Commerce and officials there said they will now take […]
Chamber president calls for action on crime
(CNS): The Chamber of Commerce wants to lead policy discussions on crime with the government to find some solutions to what many see as a growing threat to the economy. The business organisation, which sees crime as a major threat to the bottom line of local businesses, said it was something the country had failed to […]
Consumer bill consultation extended in face of backlash
(CNS): Concerns from the business community that the implementation of a consumer protection bill to protect shoppers from bad trade practices will impact their bottom line has led to an extension of the public consultation. The Chamber of Commerce requested the extension period to allow more of their members time to weigh in on the […]
Chamber looks to nurture local entrepreneurs
(CNS): The Chamber of Commerce wants to encourage more young Caymanian entrepreneurs and help them understand that owning and building a business is a legitimate path to a successful future. New Chamber President, Paul Byles, told CNS that young people with an adequate education and the necessary soft skills can be successful entrepreneurs and he hopes that more […]
Business urged to wade in on consumer protection
(CNS): The new Chamber of Commerce president, Paul Byles, is urging all businesses to engage in the consultation process for the proposed Consumer Protection and Guarantees bill because he believes it will be much more difficult to ask for change once the law is passed. The bill is designed to give consumers some legal protections […]
Business licence regime faces overhaul
(CNS): The local trade and business licensing regime is set to undergo another review in a bid to introduce tiered fees reflecting the size of businesses, more support for small businesses and to cut red tape. Premier Alden McLaughlin told an audience of local Chamber of Commerce members last week that his government would be […]
Premier signals radical shift in immigration
(CNS): The premier has said the coming changes in his ministry to establish a National Human Resources Department will be a “radical shift” in how government deals with the issue of immigration and the local workforce. Since the formation of the Government of National Unity in the wake of the elections, Premier Alden McLaughlin has indicated […]
