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Day: May 25, 2016

Cayman Islands utility company announces a “marginal” rate increase

CUC Base Rate Adjustment – Effective June 1, 2016 The Board of the Electricity Regulatory Authority (ERA) has approved a Base Rate adjustment for Caribbean Utilities Company, Ltd. (CUC) in accordance with the Rate Cap Adjustment Mechanism (RCAM) mandated by CUC’s Transmission…

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DCI to assist Cayman Islands Red Cross Thrift Shop programme

The Department of Commerce and Investment (DCI), as part of its social responsibility, will volunteer at the Cayman Islands Red Cross. On Monday, 30 May, DCI will be sending staff members to participate in the Red Cross’s Thrift Shop Community…

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Murphy: Grayson lied about hedge fund compensation

By Steven Lemongello From Orlando Sentinel Patrick Murphy is hitting Alan Grayson again at his most sensitive point – Grayson’s hedge fund. The House ethics investigation into Grayson, D-Orlando, has been a thorn in his side in the midst of his…

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Cayman Islands travel agent found Not Guilty of all charges Former Cayman Islands travel agent, Ingrid Scott (44), was found “Not Guilty” by a jury of not intentionally deceiving her customers at Sea2Sky Travel. She had been accused of obtaining…

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BVI remains popular for Asian debt capital market deals as Ogier advises Midea’s US$3 billion guaranteed MTN program

BVI continues to be a popular jurisdiction for debt capital market deals in Asia, says Ogier’s Hong Kong team, who have acted as BVI counsel in relation to the establishment of a US$3 billion guaranteed medium term note programme using…

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Health City Cayman Islands: Young Caymanian gets second chance at life after severe accident

CAYMAN ISLANDS (May 25, 2016) – A young Caymanian who suffered life-threatening injuries as the result of a motorcycle accident is recovering today thanks to the skilled teamwork and timely response of heart surgeons at Health City Cayman Islands. John…

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The Editor Speaks: What investigation?

It would seem from Radio Cayman’s “For the Record” Talk Show that there was NO Investigation into the conduct of Operation Tempura’s lead officer, Martin Bridger. It was just an excuse given out by the Governor’s Office with help from…

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Miss Cayman Islands Committee begins recruitment for 2017-18 pageant

The first event of the pageant season starts with a bang, as Miss Cayman Islands meets Miss Universe. On Saturday, 25 June, potential contestants for the 2017-18 Pageant will have an opportunity to meet our own Miss Cayman Islands, Monyque…

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Veteran civil servant is Cayman Islands’ new Chief Officer

Long time civil servant Wesley (Wes) Howell is the new Chief Officer in the Ministry of Home Affairs. Deputy Chief Officer responsible for public safety and security in that ministry since 2012, Mr Howell topped some nine applicants in an…

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Taomee explains failure to file Form 20-F on a timely basis

From Taomee Holdings Limited SHANGHAI, May 24, 2016 /PRNewswire/ — Taomee Holdings Limited (“Taomee” or the “Company”) (NYSE: TAOM), one of the leading children’s entertainment and media companies in China, today announced that the Company has received a notice of…