Issue No. 610 Wednesday, 10 March 2004

C&W Rates Probed

Cable & Wireless' (C&W) recent price reductions, in which they slashed their mobile prices by up to 67 percent, have come into question as possibly being anti-competitive.  The Information and Communications Technology Authority (ICTA) has recommended that C&W delay reducing their prices until it has been established that they are acting competitively... read more...

Mac Says Payments Were Simply Commissions

The Leader of Government Business, the Hon McKeeva Bush, said on Radio Cayman on Monday that payments received by him from The Ritz-Carlton project, as recently reported in the KYC News newsletter Offshore Alert, were commissions for his real estate company.  The 29 February 2004 issue of Offshore Alert claimed that according to recent court filings, Mr Bush had received over $345,000 in payments from the Ritz between 9 June, 1999 and 17 July, 2000... read more...

Leader of Government Business and Bank Support Ritz

The embroiled Ritz-Carlton Grand Cayman project received two voices of support in the past week, one from the Leader of Government Business, the Hon McKeeva Bush, and one from its financers, the Royal Bank of Scotland...  read more...

People To Vote In Internet Poll

Our online publication caymannetnews.com has launched an exciting new weekly feature... an online opinion survey.  And naturally, in election year, the first choice of topic was the forthcoming elections in Cayman... read more...

Fictitious Cayman financial transactions disguised Parmalat’s 2003 loss

Parmalat's operating units made a pre-tax loss of at least $435 million during the first nine months of last year, in contrast to the pre-tax profit of $375 million previously reported by management, the Financial Times reports.  The difference between the pre-tax profit-and- loss figures appear to be fictitious financial transactions claimed by Bonlat, a Cayman Islands-based financial subsidiary... read more...

Young Child of the Day - Rashane Kirchman

His mother calls him a wonderful miracle, and he most certainly is. Rashane Kirchman is a very special boy who overcame some tough odds while he was still only a baby. Now four years old, Rashane attends Cayman Kindergarten and receives weekly therapy at the Lighthouse School. The Cayman Islands Early Intervention Programme also sees him.  Rashane's mother, Maxine, could not be more proud of her son.... read more...

OTHER NEWS

• Cayman Cancer Society to visit the Sister Islands
• Commissioning of officers and cadet passing out parade
• Health Minister congratulates The Pines at AGM
• More non-stop flights to Orlando
• News about the Cayman Islands in the Foreign Press

SISTER ISLANDS REPORT

• Prince Edward lends his name and support as CCMI opens Summer sea camp
• Red Cross Visits the Brac

EDITORIAL

• Telecom Kudos To All

LETTERS

• Yes, it is absolutely time to call an early election
• The people of Cayman must make their decision
• The real drug problem is the funding of drugs

SPORTS

• Kareem not disappointed by World Indoor Track Championships finish
• Shelly nets $8,500 with her monster catch