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Issue No. 774 Monday, 24 January 2005

Business Monday

Cayman confers with Business Outlook 2005 and Ivan Law 2005

Cayman’s business community was out in full swing last week as lawyers, accountants, bankers, insurance specialists, realtors and many other members of the business community got together at two major conferences.  The Westin Casuarina Hotel was the setting for both Cayman Business Outlook 2005 (CBO), 19 January and ‘Ivan Law’, 18 & 19 January...  read more...


Hotels focus on business and pleasure

Even when on holiday in today’s world many guests still want to keep abreast of their own businesses or work affairs, so access to the Internet is becoming almost as important as access to the beach.  When the Westin Casuarina Resort & Spa re-opened its doors in November it had added high-speed Internet access to the services offered to its guests... read more...


Impact of Hurricane Ivan Report - Part II

Part Two of a five part series which summarizes ‘The Impact of Hurricane Ivan in the Cayman Islands’ (Ivan Report) an 85 page report, released by the Economic Commission for Latin America and the Caribbean (ECLAC), of the United Nations. Part Two describes the damages to tourism, agriculture and commerce.  “The Report confirms our initial assessment that we had nearly $3 billion in damage,”... read more...


AM Best gives Island Heritage stable outlook

AM Best Rating Company gave Island Heritage a stable outlook by removing its review status, and affirmed its A- rating.  “We are obviously delighted about the news,” said Bryan Murphy, CEO of Island Heritage. “The rating is important, not just for Cayman, but throughout the Caribbean.  It allows us to take advantage of opportunities throughout the region. We are already receiving lots of requests for insurance coverage.”... read more...


FirstCaribbean leads with electronic banking

Through FirstCaribbean International Bank’s investment of US$50 million in a single state-of-the-art technology platform, it has become the only bank in the Caribbean region to offer both Internet and telephone banking to customers across its full regional network.  Now electronic banking will be available options for the bank’s customers throughout all 15 countries in the Caribbean where the institution’s offices are found... read more... 


Entrepreneur of the week - Robert Joseph

“Photography is a profession that has been passed down through my family for many years,” Robert Joseph of Island Photo acknowledged.  Going even further by investing his time and money in a business venture fully dedicated to providing photography services and photographic products, was a well thought out, yet easy decision for Robert to make at only 26 years of age, in 1997... read more...


OTHER NEWS


BUSINESS COMMENTARY


DOING BUSINESS LUNCH