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Pinnacle Media Group Ltd
PO Box 1365 GT
Grand Cayman KY1-1108

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Renewable energy company disputes OfReg over pricing

The renewable energy company Cayman OTI released a statement on Thursday disputing the characterization by the Utility Regulation and Competition Office (OfReg) that a proposed floating power plant in North Side would not produce energy at a reasonable price.

Airports Authority to increase number of air traffic controllers

Some 20 years ago, a lone air traffic controller directed the planes entering and exiting Cayman Islands airspace.

After breakdown, Cuban vessel drifts from Brac to Little Cayman

Twenty-six Cuban migrants are being held on Cayman Brac after their boat broke down and landed in Little Cayman last week.

With eye on gas prices, OfReg launching fuels sector study

The Utility Regulation and Competition Office, known as OfReg, is seeking an economic consultant to analyze the territory’s fuels sector and draft an assessment, which the regulator will use to determine what rules to make for the market.

OfReg: ‘Some’ ICT licensees not meeting financial obligations

The Utility Regulation and Competition Office, known as OfReg, has issued a notice stating that “some” of the territory’s licensed information and communications technology companies are not meeting their financial reporting requirements.

JOURNAL: Cayman National has event-filled months since sale announcement

The Cayman Islands is home to billions of dollars’ worth of mergers and acquisitions in a given year, but few have the potential to impact the local community as much as the impending sale of Cayman National Corporation Ltd. to the Republic Bank Trinidad and Tobago (Barbados) Ltd.

JOURNAL: Funds speaker touts blockchain’s potential for positive social impact

Much of the Campbells Fund Focus 2018 conference featured panelists discussing how changing regulations, technology, and political issues could impact the bottom line of the fund industry.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Privy Council hears Vista Del Mar dispute

A dispute between Vista Del Mar Developments Ltd. and two people who purchased a plot of land there was heard last week by the territory’s highest court, the London-based Judicial Committee of the Privy Council.

Gas prices fall, but not as much as in U.S.

Gas prices reached a four-month low as of Monday, falling to an average of $4.76 per gallon, according to the latest data from the Utility Regulation and Competition Office (OfReg).
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

RCIPS investigate TCI police shooting

Two detectives from the Royal Cayman Islands Police Service are in the Turks and Caicos Islands this week to investigate a shooting by police there. According to the Turks and Caicos Weekly News, the shooting occurred during an illegal fishing operation at sea on Nov. 24.

Accountants at annual summit get lesson in emotional intelligence

Accountants took a break from crunching numbers to learn about emotional intelligence and other skills Tuesday and Wednesday at the Cayman Islands Institute of Professional Accountants’ annual summit.

Appeal denied for records on taxi employment, nationality

An appeal on a public records request for data on how many taxi drivers work for government has been denied by Ombudsman Sandy Hermiston, who ruled on Friday that having the Public Transportation Unit retrieve such information would be an unreasonable diversion of its resources.

New Cayman Airways jet arrives with fanfare

Pirates, politicians and hundreds of onlookers waited anxiously Friday afternoon for the arrival of Cayman Airways’ newest jet, the Boeing 737 Max 8 – the first of its kind in the Caribbean.

Premier: Cruise lines commit to help finance cruise berth facilities

While speaking at Friday’s ceremony to christen the newest jet of Cayman Airways, Premier Alden McLaughlin made a major announcement concerning another aspect of the tourism industry.

Record number of runners turn out for 2018 marathon

A record 1,350 runners participated in the marathon, half-marathon, and relay this year at the Cayman Islands Intertrust Marathon.

OfReg tight-lipped on universal broadband plan

In March, Premier Alden McLaughlin announced government’s intention to have the Utility Regulation and Competition Office (OfReg) build its own fiber-optic cable network in the underserved eastern districts, something he said was necessary given the telecommunications companies’ failure to provide broadband internet services in those areas.

Work starting on new Brac water plant

The Water Authority is kicking off preliminary work on constructing a new water plant on the Cayman Brac Bluff, a major component of its $35 million piped-water project on the sister island.

Officials break ground on Enterprise City

A plan in the works for some seven years reached a major milestone on Wednesday, when government and Cayman Enterprise City officials broke ground on the special economic zone’s 53-acre campus.

Premier: OfReg was headed toward insolvency

After losing some $300,000 by the end of March, the Utility Regulation and Competition Office, known as OfReg, was on track to be insolvent by July before government injected $1 million into the territory’s regulator, Premier Alden McLaughlin said on Thursday in the Legislative Assembly.

Dr. Hortor honored with unveiling of headstone

An official viewing was held Monday to unveil the headstone that marks the resting place of Dr. William Alfred Conrad Hortor, who was one of Cayman’s first medical doctors and served here from the mid-1930s to his death in 1960.
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