Daily updates as of 28 December 2003

Cayman Islands Angling Club Supports Grouper Ban

The Cayman Islands Angling Club has issued a statement expressing its strong support for the recent decision of the Marine Conservation Board to close the grouper spawning grounds to fishing for at least eight years to prevent the collapse of the fishery... read more...

Jamaica wins big at 2003 Travel Weekly Awards

NEW YORK, USA: The island of Jamaica was recognized as the number one destination in the Caribbean for 2003 at the Travel Weekly Readers Choice Awards on Thursday, December 18 at The Pierre in New York City... read more...

Parmalat founder arrested as probe continues into missing Cayman billions

Stricken Italian food group Parmalat was declared insolvent Saturday, as financial police arrested the company's founder Calisto Tanzi in a fraud probe into billions of dollars missing from the company's Cayman Islands subsidiaries.  The ruling opened the way for a state-led restructuring of the multinational company... read more...

Cayman issues temporary ban on US meat products as British lab confirms first US case of mad cow disease

A temporary importation ban covering live ruminants (cattle, sheep and goats) from the US, as well as ruminant bone-in meats and processed ruminant meat products from the States, was issued Wednesday by the Cayman Islands Department of Agriculture (DoA)... read more...

Ban on Canadian meat products partially lifted

Cayman consumers may again purchase certain Canadian meat products of "ruminant" origin - in other words, beef, veal, mutton, lamb and goat's meat (chevron) - following government's partial lifting of an importation ban... read more...

ICARE votes Tanya Streeter best female freediver for 2003

ICARE - the International Center for Apnea Recognition and Education, based in Switzerland, recently voted Tanya Streeter as the best female freediver for 2003. The center is the first to be affiliated to AIDA international, the governing body of freediving, with its focus in developing education by teaching AIDA standards, courses and instructors... read more...

Creditors file winding up proceedings against Parmalat subsidiaries in Grand Court

A number of US insurance companies as noteholders of Food Holdings Limited and Dairy Holding Limited, Cayman Islands entities established by Parmalat S.p.A., filed winding up petitions in the Grand Court of the Cayman Islands on Wednesday.  According to a press release issued by the creditors, the notes in question matured earlier this month and neither series has been repaid... read more...