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Cayman Islands News, Articles and InformationTortuga boss gets business accoladeThe CEO and President of Tortuga Imports/ Tortuga Rum Cake Company, Monique Hamaty-Simmonds was honored by The Commonwealth Institute and Florida International University at the first annual Women-Led Businesses in Florida luncheon and award ceremony held at the Four Seasons Hotel in Miami, recently, when she was recognized as one of the Top 50 Women Business Leaders in the state of Florida.A 1996 FIU graduate in Business Administration, Ms Hamaty-Simmonds is a second generation entrepreneur. Her father, Robert Hamaty and his wife Carlene started the Tortuga Rum Company in the Cayman Islands in 1984. Three years later they introduced the "Tortuga Rum Cake" baked from a generations old family recipe. As a teenager and throughout college, she learned the business working with her father in his office during holiday breaks and school vacations. World's largest cruise ship drops anchor in CaymanRoyal Caribbean's Freedom of the Seas, the world's largest Cruise ship, made its first visit to Grand Cayman on Wednesday 7 June.Various MLAs, and dignitaries including the Hon Charles Clifford, Minister of Tourism, attended a special presentation of plaques and keys on board ship. They were then joined by other VIP's from Cayman's business community. At 160,000 tonnes she comfortably beats the Queen Mary 2, and can accommodate 1,360 crew plus 4,375 passengers (1,755 more than the QM2). She is the size of the Eiffel Tower lain on its side. Besides Grand Cayman Freedom of the Seas also calls at Montego Bay in Jamaica and Cozumel, in Mexico, before returning to Miami. Some of the features of Freedom of the Seas include 'Flowrider,' the first-ever shipboard surf park, and a water park, which features interactive sculpture fountains, ground geysers, a cascading waterfall and a circular pool with its own built-in current. Volleyball and Softball on Cayman BracRegular practices for softball and volleyball are now being held at the Cayman Brac High School (CBHS) every Tuesday and Thursday evening. Softball runs from 5:00 to 7:00 pm, and Volleyball from 7:00 to 8:30 pm."It's that time of year again for everyone to dust off those knee-pads, gloves, helmets, bats and balls and come out to enjoy some volleyball and softball," said Sports Instructor Mitchum Sanford. "Both sports have taken the back burner in recent years but are making a comeback for the month of June. I remember when we use to have more than thirty people a night on the CBHS hard court to play volleyball a few years ago," he said. "I think we can achieve those numbers again and possible a recreational league competition," added Mr Sanford. The destruction of our IslandI was searching the web to see where my family would go for our holiday, when I happened upon a letter from Ms Jane Erea, a Caymanian.I was shocked by her reference between locks and ganja. She should have just said all people of the African race are criminals. What self-hatred. If we look at our children and judge them by what they wear and what style of hair they have, then who will save our children. She talked about the old way; I can only imagine what the old way was. The old way for all people of colour, no matter where you were in the world, was subservient; except for our Mother Africa. Is that the life she envisioned for future Caymanians? Just because of one person's ignorance I am not going to totally dismiss the Cayman Islands as my family's holiday. Cayman DNA lab set to boost BermudaThe fight against crime in Bermuda looks set to be boosted when the Cayman Islands sets up a hi-tech science laboratory.Edna Moyle, Speaker of the Cayman Islands legislative assembly, said her country was now establishing a full-service forensic laboratory to handle crime scene evidence. We have offered to open this service to sister territories and other regional interests that do not yet have such a capability, she told dignitaries at the Speakers Dinner at the Fairmont Southampton on Saturday night. Bermuda currently sends evidence to Canada for DNA testing ahead of major criminal trials. However, the option of flying samples over to Cayman could be a boost for Police. A Cayman Government web site said that the state-of-the-art science site would be a full-fledged DNA laboratory, headed by a Canadian expert. Smart shoppers to find deals at Stupid PricesA Washington state discount chain has a simple philosophy when it comes to retailing. Don't pay stupid prices -- shop at Stupid Prices instead.Now the deep-discount chain Stupid Prices is coming to Coral Springs to open its first Florida store. Located at Atlantic Boulevard and Riverside Drive, it is expected to open June 24. The Woodinville, Wash., chain already has 14 stores in California, Washington and Oregon. Stupid Prices offers large discounts on a wide assortment of goods, from Cheerios to chairs to television sets that are discontinued items, seasonal products, display or package-damaged items, products whose packaging has been changed, factory closeouts and customer returns. Like the retailer Tuesday Morning, the offerings change daily and depend on what is available.
Best Assigns VASCO Re Debt RatingA.M. Best Co. has assigned a debt rating of "bb" to the $50 million senior secured floating rate notes, due June 5, 2009, issued by VASCO Re 2006 Ltd. (the issuer), a newly created Cayman Islands exempted company licensed as a Class B insurer."The primary business purpose for the creation of the issuer is for the issuance of the notes and servicing and performance of the various agreements entered into, including the reinsurance agreement, bank deposit agreement and other related activities," Best explained. "Proceeds from the issuance of the notes will be deposited into a collateral trust account and will be available to pay any loss payments required to be made by the issuer under a multi-year reinsurance agreement entered between the issuer and Balboa Insurance Company and its affiliates (ceding insurer)," the bulletin continued.
Hyatt's Glimmer of HopeAlthough the Hyatt beach suites have retained their former glory after Ivan, insurance issues have plagued the re-development of some 230 rooms on the Northside of the resort along Seven Mile Beach.AN impasse between owners of the Hyatt Regency and its insurers may be heading down the road to a solution, said a resort official. General Manager of the Hyatt Regency Diego Concha said talks are ongoing between the owners and their insurers with a possible outcome expected shortly. Mr Concha said at the moment there was nothing to report but hopefully something would come out of the meetings. He gave no further details on where the meetings were being held and when was a likely date for results. He said that his company was unsure whether the talks would lead to contentment or disappointment. Jane's World of CraftAfter many years of faithful service in the Cayman Islands Postal Service, Jane Webster decided to keep busy during her retirement, by making marvelously imaginative craft ornaments.The range of her work is as wide as her imagination, and Ms Webster makes virtually anything out of virtually anything. "I started in Summer 2002. I was operating a pre-school and during the summer some of the parents asked me if I could take some older children during the summer vacation. I had to find something for them to do, so I went to the craft store and bought some craft materials. "When it was time for them to go back to school, at the end of the summer, I thought it was time to do something myself. "The first thing I did was a bunch of grapes out of purple beads; I said to myself: 'This looks good,' and tried to do some more. Post Office staff update skills on its international systemThe Cayman Islands Post Office (CIPO) brought two experts in the field of Terminal Dues to the Cayman Islands in order to offer advance training to its accounts staff.Terminal Dues is the worldwide system which enables postal administrations to pay each other for the delivery of mail, most often calculated on a net imbalance. So if the Cayman Islands send Barbados more mail than they receive from Barbados, then the Cayman Islands would have to pay Barbados the difference. Although Patricia Barnwell from the US Postal Service and Diane McElvaney from Royal Mail regularly train postal administrations throughout the Caribbean on the subject of Terminal Dues, it was their first visit to the Cayman Islands. The two experts trained Deputy Postmaster General - Finance and Human Resources - Ann James, Assistant Postmaster General - Finance - Carlene Ebanks, Accounts Officer IV Lasara Fredrick IV, Accounts Officer II Erlene Zelaya-Diaz and, Postal Officer Delcia Solomon. |
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