Archive for June, 2010
Turtle Farm cash injection up
(CNS): Despite job cuts and an increase in the price of turtle meat, Boatswain Beach, Cayman Turtle Farm has still received a government subsidy of over $9.6 million. The increase of more than half a million on last year’s cash injection was revealed in the 2010/11 budget documents. According to the managing director, the demand for meat at the farm has fallen as a result of the price increase. This reduction in demand has relieved the pressure on the facility, which is struggling with a number of problems related to the breeding programme. Tim Adam explained some of the issues during Monday’s session of Finance Committee when legislators agreed to the farm’s $9,688,889 equity investment. (Photo Dennie Warren Jr)
Adam said there were no plans to reduce the price of meat in the near future as it was clear demand was sensitive to price and until the farm could improve the hatchling rates and their subsequent survival and lower the productions costs the farm had to keep demand down.
Local controllers appointed to Motor and General
(CNS): The Cayman Islands Monetary Authority (CIMA) announced today that it has appointed David Walker and Ian Stokoe of PricewaterhouseCoopers as controllers to Motor and General Insurance Company Limited’s (Motor and General) Cayman Islands branch. The two local controllers have assumed immediate control of Motor and General’s affairs, CIMA says, and they will continue to manage the branch’s operations and to protect Motor and General’s local policy holders and the assets of the company’s local operations.
“Placing the local entity into controllership allows CIMA to ensure that there are persons in charge of the local operations who have legal power to make and execute decisions to safeguard the interests of Motor and General’s policyholders and the public interest,” stated CIMA Managing Director Cindy Scotland. “This includes ensuring, as far as possible, that the assets belonging to the local entity, including assets held in trust, remain secured for the benefit of its creditors and policyholders and providing ongoing assessment of the company’s financial position.”
In a CIMA release, Scotland further explained that while the Cayman branch is expected to fully comply with the suspension order imposed on its parent company by the Central Bank of Trinidad and Tobago, policyholders continue to have valid insurance coverage. This suspension by CBTT is to allow for further investigation into Motor and General Insurance Company Limited’s affairs whilst protecting policy holder rights and obligations.
Motor and General is licensed by CIMA as an approved external class “A” motor insurance company. Under the controllership, Motor and General is permitted to allow renewals of policies on a case-by-case basis but due to the overriding suspension order of the parent company, the entity is not able to pay claims at this time. During this process, and as previously indicated by CIMA, the situation with Motor and General Insurance Company Limited is an ongoing matter and, as such, the Authority is restricted in its ability to provide any additional details on the matter to the public at this time.
Policy holders and creditors with further enquiries may continue to contact Motor and General by telephone on 949 6299 or contact the controllers at adam.keenan@ky.pwc.com or telephone +1(345) 914 8743.
Bomb scare on Eastern Ave
(CNS): Update 9:20pm – Police have confirmed that shortly after 5:00pm this evening (Tuesday 22 June) a bomb threat was received by a member of staff at Kirks Home Centre in Eastern Avenue, George Town. A Royal Cayman Islands Police Service spokesperson said that emergency services attended the scene and the building was evacuated. An extensive search of the premises took place and the all-clear was given around 8.30pm. Police enquiries into the incident are ongoing.” (Photo courtesy News27)
News27 reported earlier that police blocked off roadways on Eastern Avenue from Uncle Bills to Blue Marlin as well as several side streets.
Christopher ‘Dudus’ Coke in custody
(BBC): Police in Jamaica say they have arrested suspected drugs lord Christopher "Dudus" Coke on the outskirts of the capital, Kingston. Jamaican media say he walked into a police station although Information Minister Daryl Vaz told the BBC he had been detained in a "police spot-check". The Jamaican government wants to extradite Mr Coke to the US to face charges of drug and gun trafficking. Attempts to capture him in May led to clashes in which scores of people died. Mr Coke, 41, is accused of being the leader of the notorious Shower Posse.
Boy detained for Facebook insult murder in London
(BBC): A 16-year-old boy has been detained for killing a former best friend after the pair traded insults on Facebook. Salum Kombo, 18, was stabbed in the chest in Bromley-by-Bow, east London, in December after calling his killer, then 15, names including "pussy". The trial heard the boy, who was found guilty of murder at the Old Bailey in May, could not take the "loss of face". The teenager, who cannot be named, has been ordered to serve a minimum of 14 years. Sentencing the boy at Southwark Crown Court, Judge Nicholas Loraine-Smith said: "There was nothing brave about what you did. "This was quite simply an act of cowardice, as so many stabbings are."
UCCI saves money on Cayman Brac campus move
(CNS): With the relocation to the West End of Cayman Brac from its Stake Bay facility, the Brac campus of the University College of the Cayman Islands (UCCI) will save as much as $9,500 per month. From 1 August, the UCCI campus will move into The Avistar III building on West End Road (next to the fire station), where CNS understands the rent is $6,000 and the college may sublet one unit for $500. For the previous location opposite the District Administration, UCCI was paying $15,000 a month.
The new facility will have 2 polycom fitted classrooms, a computer lab, 4 additional classrooms, a library, a student lounge and a board room, which will also be available for public bookings. UCCI Dean of Special Projects, Brian Chapell is also exploring the possibility of the provision of a science lab on the new campus.
Dr Chapell said, “We are very pleased to launch the upcoming academic year in this new location. The Avistar III boasts a great location and a dynamic layout that will allow for a more effective use of space for our students.”
Brac campus Director Martin Keeley said, "As the Brac campus develops in the future, we plan to add a number of new programmes that will suit the island. We anticipate that these programmes plus the additional space at the campus will give us the capability of attracting both students and professors to the Brac who would not normally come here. This, in turn, will expose our students to interesting and exciting new opportunities."
He added, “ The new location will provide us with more flexibility in terms of the numbers of courses we are able to offer, and will provide both students and staff with their own and very welcome places to escape each other!”
Owner of the Avistar III building, Garston Grant, welcomed the UCCI campus move stating that, “We are happy to have UCCI staff and students in our building and look forward to a long and successful partnership for the development of tertiary education in Cayman Brac.”
There will be an official opening ceremony of the new location in the near future, according to a UCCI release.
Water Authority tackles 3rd broken main in a week
(CNS): Crews from the Water Authority are wrestling with another burst water main this time in the centre of George Town. Officials said this morning that the broken main is located at the junction of Shedden Rd and Dr Roys Dr. in George Town. Repairs are expected to take around 4hours, during which time service will be interrupted for customers in the area. Motorists are asked to drive with caution and obey all traffic signs. Theauthority apologizes for the inconvenience during restoration to customers and drivers.
Last week the Water Authority dealt with a burst pipe in Spotts area, near the Coral Bay Village and in the Pease Bay area of Bodden Town interrupting supply to customers and rush hour traffic
Teen pizza robbers arrested
(CNS): Three teenage girls and one teenage boy have been arrested in connection with the Dominos Pizza robbery in Savannah earlier this month, police said today (Tuesday 22 June). As a result of police operations in the George Town and Prospect areas on Sunday 20 and Monday 21 June, the four teens, all aged 17, were arrested on suspicion of robbery. During the robbery three girls reportedly entered the pizza restaurant with machetes and threatened staff before making off with a small amount of cash and bottles of soda. The robbery took place at around 1:45 in the afternoon of Thursday 3 June, no one was injured in the incident and police say their enquiries are continuing.
NDC aims to reduce drug use with reduced budget
(CNS): Despite a reduction in the National Drug Council’s budget from $510,000 last year to 486,000 in this year’s financial plan the Minister with responsibility for youth said government was committed to the NDC and its work in reducing the demand for drugs. As Cayman prepares to mark International Day against Drug Abuse and Illicit Trafficking this weekend with a focus on steering young people away from drugs the minister said that young people were often misinformed about drug misuse and the negative health impact.
Mac rejects opposition debate
(CNS): The premier spoke for over three hours on Monday morning as he delivered his reply to the response on the budget debate in the Legislative Assembly. Taking the opposition to task for not offering solutions and again blaming them for the current problems, McKeeva Bush also accused the PPM of hypocrisy over comments the leader of the opposition had made implying that the UDP had been involved in back room deals. In a long and often angry response the premier rejected all the proposals from the opposition benches by both the PPM and the independent representative for North Side. He said both he and the opposition members had struggled to respond to the government’s budget.
The premier spent the first hour of his reply talking about the PPM muddying the waters with accusations of corruption but said they were not lilly white and had made backroom deals at the Turtle Farm. He laid several letters on the table of the Legislative Assembly from Joey Ebanks and his attorneys in which the former Turtle Farm director was claiming some $18,500 from government for vacations pay and a complaint from a tour operator who is suing the farm over a contract that wasn’t fulfilled.