Business in brief: Ministry of Commerce attends small business conference in Orlando

Ministry of Commerce officials particiapted in a number of workshops during a small business conference in Orlando.

Members of Cayman’s Ministry of Commerce attended the America’s Small Business Development Center Conference in Orlando, Florida, to find new avenues to boost small businesses in the Cayman Islands.

More than 20 countries in North, Central and South America joined Caribbean nations to discuss possible trade partnerships and explored how their commerce models can be replicated in other jurisdictions.

Cayman’s participation in the conference, hosted by the Organization of American States, was partially funded by COSME, a leading regional small business development entity funded by the European Union.

“We learned not only how our colleagues in the region are doing, but gathered ideas that can be considered in a local context,” said the ministry’s Deputy Chief Officer Tamara Ebanks. “The conference offered a broader platform for us to learn from other countries about how small and micro businesses are handled.”

Ms. Ebanks and the ministry’s Policy Adviser Thais Ducent also participated in workshops on the implementation of new measures to enhance small businesses and visited the National Entrepreneur Center at the University of Central Florida.

“On the whole, it was a very insightful trip. The timing of our attendance further illustrates government’s continuing commitment to small businesses, as it came weeks after Cabinet opted to renew Cayman’s small business incentive program until December 2017,” Ms. Ebanks said.

Aviation Management Services announces business launch

Aviation Management Services (Cayman) Ltd. has announced that it has commenced business operations.

The full-service provider for aircraft operators said international operations are scheduled to begin once worldwide offices come online on Nov. 1.

AMS has offices in Guildford, United Kingdom; Shanghai, China; and Chandler, Arizona.

The company’s primary services include worldwide aircraft registry, aviation/flight department management, delivery and acceptance services, safety, quality and security audits, financial due diligence audits, crew resourcing and aircraft purchase and lease financing.

AMS is a partnership formed by Island Air owner Marcus Cumber and William Mermelstein.

“William and I formed AMS to round out my desire of providing the best customer support and services in all areas of aviation operations,” Mr. Cumber said. He noted that “Grand Cayman is ideal for many reasons, and allows our existing and new customers options and benefits to exceed their business and personal needs and financial goals.”

Mr. Mermelstein, operations manager and founding partner, said “We feel that an informed owner is the best way to succeed in any work that we offer or engage in.”

Wauchope joins KB Associates

KB Associates, a provider of management company, consulting and governance solutions to the asset management community, announced that James Wauchope has joined its Cayman Islands office as an independent professional fund director.

KBA has experienced increased demand for its director services offering, which provides investment funds with senior industry professionals who are committed to operating within strict and transparent capacity limits.

Mr. Wauchope has practiced Cayman Islands law for 23 years and has experience in the structuring and operations of Cayman Islands hedge funds and private equity funds.

From 2009 until he joined KBA, he was a partner of Mourant Ozannes in Cayman. He previously practiced with Maples and Calder in Cayman and was a partner in its investment funds group for nine years. He started his career at Simmons & Simmons in London, and moved to Cayman in 1993.

Digicel completes network investment program

Digicel announced the completion of significant upgrades to the LTE network in Cayman.

The upgrades come at a time of unprecedented traffic growth on the network, which has seen overall traffic increase six-fold in the last 12 months, Digicel said, adding that it has invested more than $2 million dollars in upgrading and maintaining the network in the past two years.

Digicel customers in Prospect, George Town, Savannah, West Bay and Northward will have seen speeds increase in their area, and some customers in Prospect will be able to experience LTE at home for the first time, as a result of the upgrades, Digicel said.

Raul Nicholson-Coe, chief technical officer at Digicel Cayman, said, “As the world goes increasingly digital, we have had to constantly evolve our infrastructure and that means adding LTE capacity to existing sites, plus rolling out LTE into new areas such as Prospect. We are committed to allowing our customers to experience more, and that means working furiously to give our customers the fastest network in Cayman.”

Flow: Analysts’ data shows fastest telecoms provider

According to independent analysts Ookla, owners and operators of the globally used online portal, Flow has the fastest broadband and mobile services in Cayman based on raw data records for the past six months, Flow said in a press release.

“We are delighted that Flow has come out on top in independent testing,” said Daniel Tathum, director of Customer Experience, Flow Cayman Islands.

Ookla’s software and methodologies are widely viewed as the industry standard and the company’s solutions have also been adopted by nearly every Internet Service Provider, Flow said.


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