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Tag: CNS Business

CUC opens up more CORE capacity

CUC opens up more CORE capacity

| 11/05/2017
(CNS Business):  The new utilities regulator has approved the allocation of two more megawatts of capacity for CUC’s Consumer-Owned Renewable Energy (CORE) programme as the 6MW previously allocated has reached its limit. Caribbean Utilities Company (CUC) said that customers will have access to on [...]

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Regulator seeks input on handling powerful utilities

Regulator seeks input on handling powerful utilities

| 03/05/2017
(CNS Business): The newly formed Utility Regulation and Competition Office (OfReg) has launched a public consultation to seek input on how it will manage and deal with monopolies in the utility sector. Officials said they want people to comment on what criteria and items of evidence should be used i [...]

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Health insurance firm U-turns on Shetty hospital

Health insurance firm U-turns on Shetty hospital

| 12/04/2017
(CNS Business): Following a memo sent to British Caymanian Insurance customers last month by management blocking cover for treatment at Health City Cayman Islands in East End, the firm has made an about turn, and in a joint statement with HCCI has announced it will now extend cover to all services a [...]

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Insurance firm blocks cover at Health City

Insurance firm blocks cover at Health City

| 06/04/2017
(CNS Business): British Caymanian Insurance Company (BritCay) will not cover patients to attend Health City Cayman Island for any treatment unrelated to cardiac care. In a memo sent to people who are insured by the agent that represents Colonial Medical Insurance, the firm said it wanted to review a [...]

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Lawyers sue Ironwood developers for $95k debt

Lawyers sue Ironwood developers for $95k debt

| 14/03/2017
(CNS Business): The company that is planning a huge multi-million-dollar resort based around an Arnold Palmer golf course is being sued by a local law firm for an outstanding debt of around CI$95,000. Despite promoting plans for the proposed significant $300+ million development in Frank Sound, deve [...]

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Flow lays off workers in team restructure

Flow lays off workers in team restructure

| 07/03/2017
(CNS Business): Local telecommunications company Flow, the brand name of Cable & Wireless, confirmed that they have laid off seven Caymanians workers and two ex-pat positions have been cut in what it described as “adjustments to how we run our business”. The job cuts come following announcem [...]

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Digicel to cut one in four jobs in restructure

Digicel to cut one in four jobs in restructure

| 23/02/2017
(CNS Business): Digicel is a planning to cut a quarter of its workforce over the next 18 months, the firm said in a statement on its website. The company claims it is reorganising to be “fit for purpose for 2030 and beyond” and this means a 25% reduction of the global workforce over the next [&h [...]

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Fuel costs fall as earnings rise for CUC

Fuel costs fall as earnings rise for CUC

| 21/02/2017
(CNS Business): Grand Cayman’s monopoly power provider enjoyed an increase in net earnings of some $2.4 million last year but CUC said the average cost of bills still fell by almost 32% by the year-end compared to consumer bills at the end of 2014. The power provider said that the combination of a [...]

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Clerks back proposed lawyers law

Clerks back proposed lawyers law

| 21/02/2017
(CNS Business): A group of article clerks, law school graduates and students have offered their support in writing to the Legal Practitioners Bill. The letter sent to all 18 members of the Legislative Assembly from the trainee lawyers said they were the ones who stand to be “most affected” by th [...]

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Hurley’s files court action over ‘Ivanized’ store

Hurley’s files court action over ‘Ivanized’ store

| 14/02/2017
(CNS Business): More than a dozen years after Hurricane Ivan struck Grand Cayman, one local supermarket is still in dispute with neighbouring property owners over a store it owns in George Town. The former Hurley’s Supermarket at the Eden Centre on Walkers Road remains at the centre of a dispute b [...]

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Panton navigates choppy ‘blacklist’ waters

Panton navigates choppy ‘blacklist’ waters

| 08/02/2017
(CNS Business): The Cayman Islands financial services minister has been doing the rounds in Brussels and London over the last week to persuade European officials that Cayman should not be on any grey or blacklists and to talk about the continued pressure from the UK for Cayman and the other territo [...]

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