Tag: Public Accounts Committee

CUC boss says future of power is solar

CUC boss says future of power is solar

| 24/07/2020 | 48 Comments

(CNS): Whether solar panels in the Cayman Islands should be mainly located on rooftops or on land farms to meet the proposed energy goals may be up for debate, but Richard Hew, the CEO of Caribbean Utilities Company (CUC), is certain that the sun will provide the country’s future power needs. Appearing before the Public […]

Continue Reading

PAC strikes record of Pierson’s claims

PAC strikes record of Pierson’s claims

| 22/07/2020 | 45 Comments

(CNS) UPDATED WITH VIDEO: The Public Accounts Committee has struck from its records allegations made by the chairperson of the OfReg board about the auditor general’s report on the regulator, which were made during the hearings last week. Claims made by Linford Pierson that the audit was inaccurate in several areas were refuted on Thursday […]

Continue Reading

Pump price ‘not fair’ says OfReg deputy chair

Pump price ‘not fair’ says OfReg deputy chair

| 22/07/2020 | 40 Comments

(CNS): The deputy chair of OfReg’s board of directors has confirmed that the utilities regulator now has information that indicates the fuel suppliers are not passing on the savings they could to consumers when world prices fall. Ronnie Dunn said a recent survey of pump prices by the fuel team at OfReg showed that rates […]

Continue Reading

OfReg exec jobs advertised day after PAC

OfReg exec jobs advertised day after PAC

| 20/07/2020 | 29 Comments

(CNS): The timing of advertisements placed in the local print media for the executive director positions for both the ICT and electricity sectors at OfReg were “purely coincidental”, said the CEO Malike Cummings, and “not in any way tied to the incumbents’ testimonies during the current Public Accounts Committee”. The senior jobs held by Alee […]

Continue Reading

OfReg set back ICT progress, says director

OfReg set back ICT progress, says director

| 20/07/2020 | 64 Comments

(CNS): The executive director responsible for the regulation of the telecommunications sector under the umbrella utilities regulator, OfReg, has said the creation of this entity had not only failed to meet public expectations but had also undermined the progress of ICT regulation and development. Alee Fa’amoe told the Public Accounts Committee that the creation of […]

Continue Reading

Chairperson deflects blame for OfReg failings

Chairperson deflects blame for OfReg failings

| 15/07/2020 | 112 Comments

(CNS): Dr Linford Pierson, who chairs the board of the beleaguered utilities regulator, OfReg, arrived at Public Accounts Committee on Wednesday ready for a fight. The former Cabinet minister blamed everything and everyone, from Cabinet to the staff, for the multitude of failings surrounding the authority identified in a report by the auditor general. Pierson […]

Continue Reading

Fidelity CEO admits breaking law

Fidelity CEO admits breaking law

| 24/06/2020 | 160 Comments

(CNS): Brett Hill, the CEO of Fidelity, has said it has not been possible to meet the requirements of the amended Pensions Law, which allows members to take cash from their pension fund to help them through the COVID-19 crisis, because the company needed more time.

Continue Reading

Pension boss justifies withdrawal fees

Pension boss justifies withdrawal fees

| 18/06/2020 | 114 Comments

(CNS): Varying fees being charged by private sector pension funds to people accessing their cash to help them weather the COVID-19 economic collapse, in line with the recent change to the law, were defended by government’s pensions boss on Wednesday. Concerns have been raised that some pension administrators are taking advantage of members by charging […]

Continue Reading

‘Culture change’ needed on private pensions

‘Culture change’ needed on private pensions

| 17/06/2020 | 70 Comments

(CNS): Public Accounts Committee member Chris Saunders made it clear to regulators today that the culture surrounding Cayman’s mandatory private sector pension funds needs to change. Saunders, who has been a vocal advocate against the system, said the Department of Labour and Pensions (DLP) did not have the resources to police the plans where administrators […]

Continue Reading

Clarity needed on who runs the court, says DG

Clarity needed on who runs the court, says DG

| 03/03/2020 | 41 Comments

(CNS): Questions about the efficiency of the Cayman Islands court system that were raised in a report by the auditor general were the focus of a Public Accounts Committee hearing Monday, when the deputy governor revealed that, when it comes to the administration, who runs what is not entirely clear. Franz Manderson said that while […]

Continue Reading

Gov’t compliance with procurement rules queried

Gov’t compliance with procurement rules queried

| 10/10/2019 | 29 Comments

(CNS): Public Accounts Committee Chair Ezzard Miller remains concerned, following the latest PAC meeting, that government is not complying with its own new rules on procurement. Although new legislation has been implemented and a new more transparent, independent regime created to manage how government buys goods and services, Miller is worried the new rules are […]

Continue Reading