banner ad

Tag: CNS Business

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

TV regulator rejects blame over commercial failings

TV regulator rejects blame over commercial failings

| 03/02/2017
(CNS Business): Following the news that Cayman 27 is dropping its costly ‘Daybreak’ local morning magazine TV show, the TV arm of the new regulator OfReg has stated that this issue is entirely commercial and not a regulatory matter. “The failure of cable providers to come to an agreement with [...]

Continue Reading

Premier heads to London for Brexit talks

Premier heads to London for Brexit talks

| 02/02/2017
(CNS Business): The premier will be heading to London Friday with a small government team for the special meeting with UK officials and the heads of other overseas territories on the thorny issue of Brexit and how it will impact Cayman and the other British dependent territories. The Joint Ministeri [...]

Continue Reading

Southwest flights to Grand Cayman to begin in June

Southwest flights to Grand Cayman to begin in June

| 06/01/2017
(CNS Business): Southwest Airlines has filed an application with the US Department of Transportation to serve Grand Cayman’s Owen Roberts International Airport daily from Fort Lauderdale beginning 4 June 2017, provided the service receives requisite governmental approvals. On the same date, the a [...]

Continue Reading