For
over 35 years, Cable and Wireless held the only telecommunications licence in
the Islands. But in the last twenty years, telephone technology developed away
from fixed lines, and governments across the world were breaking up telephone
monopolies, enabling competitors to enter the market, and changing the bottom
line for many telecommunication companies... read
more...
Banking and Finance employs most Caymanians
A recently released survey by the
Department of Employment Relations, which presents a snapshot of the country’s
work force, has revealed that outside of retail and tourism, the sector with the
highest percentage of Caymanians is Banking and Finance... read
more...
Survey confirms women in raw wage deal
Women
in the Cayman Islands workforce earn considerably less than their male
counterparts in the same posts. In fact 62 percent of men earn more than women
for comparable work. What is more, the wage disparity figures show that women
earn as much as $813 less per month than men in the equivalent jobs. “I
know this just confirms what most of you already know,” said Director of
Employment Relations, Walling Whittaker... read more...
Impact of EU Savings Directive
Regardless of Government’s attempts to resist the European Union Savings Directive (EUSD),
because of the perceived potential negative impact on the financial services
sector, as a UK territory, Government was required to accept the directive and
it will come into effective on 1 July... read more...
Cayman Insurance takes helm for Dyoll
The property and motor claims for Dyoll Insurance Company Limited from Hurricane Ivan could exceed the reinsurance amount by as much as US$100 million, consequently, the Jamaican Financial Services Commission (JFSC)
has appointed Cayman Insurance Centre as its temporary manager. The Dyoll
Board has claimed it was misled by senior management...
read more...
Entrepreneur of the Week - Sharleen Duval
The only Spa in the Cayman Islands to offer the Indian technique of ‘Threading’ for the efficient removal of facial hair, and still the only body care boutique here to offer gel nail extensions, Priya’s Spa has become quite popular in the relatively short lifespan of the business.
“We enjoyed a virtual monopoly in the field for some two months after the
passage of Hurricane Ivan,” said Dawn Henderson, aesthetician at the Spa...
read
more...
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from contributors do not necessarily reflect the editorial position of
Cayman Net News, nor can Cayman Net News and/or Cayman Net Ltd be held accountable for these views.
For
over 35 years, Cable and Wireless held the only telecommunications licence in
the Islands. But in the last twenty years, telephone technology developed away
from fixed lines, and governments across the world were breaking up telephone
monopolies, enabling competitors to enter the market, and changing the bottom
line for many telecommunication companies...
Women
in the Cayman Islands workforce earn considerably less than their male
counterparts in the same posts. In fact 62 percent of men earn more than women
for comparable work. What is more, the wage disparity figures show that women
earn as much as $813 less per month than men in the equivalent jobs. “I
know this just confirms what most of you already know,” said Director of
Employment Relations, Walling Whittaker...
The property and motor claims for Dyoll Insurance Company Limited from Hurricane Ivan could exceed the reinsurance amount by as much as US$100 million, consequently, the Jamaican Financial Services Commission (JFSC)
has appointed Cayman Insurance Centre as its temporary manager. The Dyoll
Board has claimed it was misled by senior management...
