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Cayman Islands News, Articles and Information
Ignition is making its way to the Cayman Islands to provide companies an efficient, cost effective option for outsourcing all IT issues, allowing them to focus on developing their business and their core goals – the ones that generate revenue. Ignition is a Bermuda–based IT managed service provider with offices in Halifax, Nova Scotia and Atlanta, Georgia. Ignition primarily provides its services via a 24/7 technical helpdesk in Halifax Nova Scotia, manned by highly trained and certified Ignition employees. Using remote support tools, Ignition monitors its clients’ networks and servers 24 hours per day and, with a client’s permission, can access any individual PC remotely to fix problems quickly, usually within 15 minutes or less.
Saying Bermuda has "lost the race" for hedge funds business, Bermuda-based technology company Ignition is establishing an office in the Cayman Islands to service the burgeoning sector. Ignition aims to provide businesses in Cayman with technology-based solutions when they are faded with staff shortages. "Bermuda has lost the race for the funds business," Ignition president and CEO Graham Pearson said. "We view Cayman as a staging platform for growth in the Caribbean. Barbados, Tortola and Turks and Caicos are all experiencing good growth. "With our new Cayman presence we are well positioned to expand into those markets. Expansion is to meet the demands of existing Bermuda clients that have representative offices in Cayman. "We also wish to take advantage of significant growth that Cayman is experiencing in the funds sector.
Set up by half-centuries from Pearson Best and Saheed Mohammed, and five wickets from Kenute Tulloch, the Cayman Islands romped to an easy 57-run victory in their Stanford Twenty/20 Cup match against the Bahamas on Tuesday under the lights at the Stanford Cricket Ground . Barbados-born Best, who was named Man-of-the-Match, hit the top score of 74 and Guyana-born Mohammed was un-defeated on 64, as the Cayman Islands posted a challenging 175 for four from their allocation of 20 overs after being put in to bat under the lights. Jamaica-born Tulloch then bagged five wickets for 21 runs from his allotment of four overs to be the most successful Cayman Islands bowler, as the Bahamas were restricted to 118 for nine in 20 overs. Llewellyn Armstrong, the Bahamian captain, hit the top score of 40 not out from 48 balls to bring some respectability to his side's reply, after they collapsed to 22 for five after five overs.
Tourism and Commerce Minister Hon Charles Clifford last week stated that officials on the Island have been able to wipe out two long held myths in tourism industry. Mr Clifford said the Cayman Islands has proven that cruise visitors are interested in authentic experiences and that cruise tourism and stay-over tourism can co-exist. "A persistent myth about the cruise industry is that people who cruise aren't interested in authentic experiences; I want to assure you that nothing is further from the truth," he said. "Our research shows that 21.2 percent of those who have embarked on our shores this year are already participating in activities to learn about the Caymanian culture." While addressing the Chamber of Commerce on the future of cruise tourism in Cayman, the Minister said stay-over arrivals are booming.
CASTRIES, St. Lucia (AP) -- Cingular, the US-based corporation that acquired AT&T Wireless last month, announced Tuesday it would expand operations into eight Caribbean islands next year. Cingular said it would offer services in Curacao, St. Kitts, Anguilla, Jamaica, Martinique, Guadeloupe, St. Martin and St. Barth's. The company also said it would acquire licenses to operate in Trinidad and Turks and Caicos. As a result of its US$41 billion acquisition of AT&T Wireless, Cingular currently operates in Antigua, Barbados, Bermuda, the Cayman Islands, Dominica, Grenada, St. Lucia and St. Vincent. "The best is yet to come for wireless customers in the Caribbean," said Jordan Roderick, the executive vice president of Cingular's International operations.
At least a few Tracy retirees of the H.J. Heinz Co. still own some Heinz stock, and they no doubt have more than passing interest in the boardroom battle now being waged for what former Heinz CEO Tony O’Reilly often called "the old pickle factory." The battle between Heinz management and corporate protagonist (and sometimes raider) Nelson Peltz is being waged through letters to shareholders, personal presentations to institutional investors and a flurry of press releases and newspaper and television news stories. Peltz, whose Cayman Island-based Trian investment group owns 5.5 percent of Heinz’s shares, doesn’t believe Heinz CEO Bill Johnson and his team are doing a good job of "enhancing shareholder value" and has proposed a five-member slate of directors, headed by Peltz and his son-in-law, for the Heinz 12-member board.
In August the National Flag Carrier of the Cayman Islands, Cayman Airways, will celebrate 38 years of service. Founded in 1968, the airline was initially under part ownership of LACSA and its service linked the three Cayman Islands. Within its first four years of operation, Cayman Airways grew to a staff of 30 and launched its first US route - Miami, FL. In 1978, one year after the Cayman Islands became the sole proprietor of the airline, the Sir Turtle logo was adopted as the company logo and its second route - Houston was launched. During the 1980s, Cayman Airways ran charter operations to Tampa, Atlanta, New York, Newark, Detroit, Chicago, St. Louis, Minneapolis, Boston, Philadelphia and Baltimore. In1986, Tampa and Atlanta became non-stop scheduled service routes and by 1989, the fleet was upgraded to 737-400 equipment, and New York was added as a scheduled service point.
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