iNews Briefs, More & Community Events
Community Events
RENT: The Musical
Opened Thursday September 10th, 2015
Runs to October 3rd, 2015
Thursdays, Fridays and Saturdays
Doors open at 6:30 PM for Happy Hour
try our special Tom Collins cocktail!
at The Prospect Playhouse
Do not miss out on the musical event of the year!
No Day but Today!
Click here for tickets: http://www.eventbrite.com/e/rent-the-musical-all-ticket-prices-in-us-tickets-17993960420?aff=ehomecard
See iNews Cayman review: “Rent The Musical is NOT Rogers and Hammerstein! But it’s Brilliant!!” at: http://www.ieyenews.com/wordpress/rent-the-musical-is-not-rogers-and-hammerstein-but-its-brilliant/
Please join the Cayman Jewish Community for the following programmes:
Sunday September 27th
6:30 pm Sukkot Under the Stars
Tuesday, September 29th
4:00pm Sukkot Children’s Party
Monday, October 26th
Mark Halawa: From Kuwait to Jerusalem
Wednesday, December 9th
4:00 pm Pardes Rock Chanukah Concert
Wednesday, January 6th 2016
Jerusalem Uncovered: Rabbi Avraham Stolik
8th Annual CISPA Gala “Back to the Future-Celebrating 45 years of excellence”
Date: 10/10/2015
Time: 6:30 PM
Ritz Carlton Seven Mile Beach
Phone: 749 3360
Register
Event Description: The 8th Annual CISPA Gala “Back to the Future-Celebrating 45 years of excellence” is a time to celebrate Caymanians who recently attained their professional accounting designations as well as a chance to celebrate the past and look to the future
Directions: The Ritz Carlton, Grand Cayman
Annual Meals on Wheels Dress Down Day
SAVE THE DATE
Dress Down Day Friday, 20th November, 2015
Help feed our Seniors we believe no-one in Cayman should go hungry.
Individuals can help by purchasing an orange ribbon for $5.00 or a tee shirt for $15.00 and wearing them on Dress Down Day, we are encouraging companies to match employee donations.
For more information or to sign up to participate please feel free to contact us via email at [email protected] or via telephone at 949-3905.
Lions Club of Tropical Gardens Brenda Tibbetts-Lund Memorial 5K Walk/Run5K
Sunday October 3, 2015 in North Side at 6am
Public Consultation Meetings Begin for Marine Parks
Public meetings on the proposed Enhanced Marine Parks System are being held this month in all districts on Grand Cayman. The schedule is as follows:
* Bodden Town Primary School Hall on Wednesday, 23 September, at 7pm
* North Side Civic Centre on Thursday, 24 September, from 8pm
* East End Civic Centre serves on Monday, 21 September, at 8pm
Details of meetings for Cayman Brac and Little Cayman will be announced soon.
For more information of the proposed Enhanced Marine Parks System, visit http://www.doe.ky/marine/marine-parks-review/.
To submit an opinion about the proposals, email [email protected]
General queries can be directed to [email protected]
The deadline for submissions is Friday, 4 December.
Grand Court Jurors Report Date Changed
The Grand Court jury report date has been changed.
For Grand Court Jurors who are in the 1 July – 6 October 2015 session, the report date has been changed to Monday, 21st September 2015 at 9:45 a.m.
Please call the Jury Information line at 945-5072 for the most up to date information.
AIMA – CAYMAN ISLANDS CHAPTER MEETING
Ron S. Geffner, Partner and Head of the Financial Services Practice will speak at the AIMA Cayman Chapter Meeting on US Regulatory Developments and the outlook for the US and Cayman investment funds industry on November 24th at 12:00 noon.
Speaker: Ron S. Geffner
Start Date: 11/24/2009
End Date: 11/24/2009
Location: The Wharf Restaurant, Cayman Islands
Associated: Ron S. Geffner
WED SEP 23
Conservation Council Meeting announced for Cayman Islands
The National Conservation Council will hold a general meeting on Wednesday September 23rd, 2015, from 2pm to 5pm in the ground floor meeting room (1038) of the Government Administration Building (Grand Cayman). This meeting is open to observers from the public and the press. The Agenda of the meeting is available on the Department of Environment’s website, www.DoE.ky
Prayer & Prayz prayer and worship conference
Prayer & Prayz prayer and worship conference with Minister Jermaine Gordon is Wednesday — Friday (23 — 25 Sept) at 7pm nightly at the Light of the World Christian Fellowship.
Enhanced Marine Parks System
Public meetings on the proposed Enhanced Marine Parks System are being held this month in all districts on Grand Cayman. The next is at Bodden Town Primary School on Wednesday (23 Sept) at 7pm
THU SEP 24
Lions Club of Grand Cayman’s PACCE Committee Awareness Meeting
The Lions Club of Grand Cayman’s PACCE Committee invites you to their prostate and colon cancer awareness meeting on Thursday (24 Sept) at 7pm with PSA testing at 6:30pm at the Webster Memorial United Church Hall.
Enhanced Marine Parks System
Public meetings on the proposed Enhanced Marine Parks System are being held this month in all districts on Grand Cayman. The next is at North Side Civic Center on Thursday (24 Sept) at 8pm
National Gallery presents EY’s Meet Me
The National Gallery presents EY’s Meet Me on Thursday (24 Sept) from1130 — 1230pm. The National Gallery’s offerings for caregivers and individuals wanting to combat dementia is designed for groups coming from care organisations such as The Pines, and for members of the general public in the early and middle stages of dementia. This programme incorporates conversations about artworks, may include art-making components and takes place in the Gallery’s exhibition halls and education studio.
FRI SEP 25
Breast Cancer Awareness Meeting Cayman Brac
The Lions Club of Tropical Gardens in partnership with the Lions Club of Cayman Brac are hosting Breast Cancer Awareness Month with an awareness meeting on Friday (25 Sept) at 730pm at Layman Scott High School Hall.
Booths Set Up for Trade and Business Licensing Law
The Department of Commerce and Investment will have a booth on the new Trade and Business Licensing Law from 9am to 4pm on Friday, 25 September, at the Strand and Airport locations of Foster’s Food Fair. There will be giveaways and hand-outs related to the new law.
For more information, visit www.dci.gov.ky or email [email protected].
SAT SEP 26
Men’s Breakfast Meeting
The Grand Cayman chapter of the Full Gospel Business Men’s Fellowship International is having its monthly breakfast on Saturday September 26th at 7:30am, at The Upper Crust restaurant in Camana Bay. Dr. Curtis Barnett to be our guest speaker.
Come out to hear the how God is making a difference in the life of men like you, right here in Cayman.
CIBC FirstCaribbean Auto Fair
100% Auto Financing, Fast Approval, Low Interest Rates, * at:
CIBC FirstCaribbean Auto Fair
Saturday, 26th September 2015
10:00am – 4:00pm
25 Main Street, George Town, Grand Cayman
Shout with a Voice of Triumph
The Power of Faith Deliverance Ministry presents Shout with a Voice of Triumph concert on Saturday (26 Sept) at #100 Greenwood Drive in George Town at 630pm.
Family Day at Bodden Town Public Beach
There is a Family Day at Bodden Town public Beach with music, a treasure hunt, storytelling and prizes on Saturday (26 Sept) from 4 — 7pm.
Dominica tropical storm Erika relief effort
There will be a collection drive for the Dominica tropical storm Erika relief effort on Saturday (26 Sept) at the George Town Church of Christ off Smith Road and at the West Bay Church of Christ on Batabano Road.
Write It Now
There will be a writer’s symposium — Write It Now — on Saturday (26 Sept) at 10am at 51 Fort Street, Macdonald Square Building.
Brenda Tibbetts Lund 5K Memorial Walk/Run Cayman Brac
The Lions Club of Tropical Gardens in partnership with the Lions Club of Cayman Brac are hosting Breast Cancer Awareness Month with the Brenda Tibbetts Lund 5K Memorial Walk/Run leaving Layman Scott High School on Saturday (26 Sept) at 630am.
World Heart Day Health Expo
Cayman Heart Fund is hosting a World Heart Day Health Expo. The health expo will take place at The Crescent at Camana Bay on Saturday (26 Sept) from 2:00 p.m. to 8:00 p.m.
CARE announces Cayman Islands 5th Annual Paws for wine
Sat Sept 26th Ristorante Pappagallo
Nominations Sought for Pioneers of Cayman Islands Agriculture
Nominations continue to be encouraged throughout the month of September for the names of agriculture pioneers throughout the history of the Cayman Islands – up to the present time. The definition of agriculture used for this drive is the science and / or practice of farming, including the growing of crops, and the rearing of animals to provide food, fibre, and other products used to sustain and enhance human life.
Nomination forms may be downloaded from: ministryofhealth.gov.ky
There are five nomination categories for outstanding contributions to the development and/or delivery of agriculture in the Cayman Islands:
Early Pioneer – Anyone who has made a significant contribution before 1960 (may be alive or deceased).
Pioneer – A person who has made a significant contribution between 1960 and 2005 (may be alive or deceased). A commemorative insignia and certificate will be awarded.
Emerging Pioneer – Persons who have made significant contributions from 2005 to present. These persons will receive certificates, but will not receive a commemorative insignia.
Memorial Scroll – Any deceased persons who were leaders or notable contributors to the development and/or delivery of agriculture in the Cayman Islands. These persons will be recognised with certificates, but will not receive commemorative insignias.
Long Service Award – Persons (living) who may not necessarily have been a leader, but who have contributed for ten years or more. These people will be recognised with certificates, but will not receive commemorative insignias.
To submit the names of agriculture pioneers before the end of September, complete the forms which are available at post offices, the Government Administration Building, or online at: ministryofhealth.gov.ky
Very sad news. Cayman Islands crash victim loses fight
Jesse Parry (21), who suffered 80% burns following a car crash a week ago on West Bay Road, by the Public beach on Grand Cayman lost her fight for life on Monday (21).
She had been transferred from the George Town Hospital to a specialist burns unit at University Hospital of the West Indies and there was much hope she would recover.
However, it was not to be and she died there with her close family at her side.
The driver of the car, a 32 year old man from George Town has been arrested on suspicion of Dangerous Driving. The man also sustained burn injuries in the crash and is in the George Town hospital.
M/s Parry was celebrating her birthday just before th accident.
Houston’s Fannin Forms Company to Fight Inflammation-Induced Cancers
By Angela Shah From Xconomy
Houston’s Fannin Innovation Studio is forming a new biotech startup to add to its portfolio called ACF Pharmaceuticals, along with the University of Texas M.D. Anderson Cancer Center and a Michigan-based drug company.
ACF Pharmaceuticals, which will be based in Houston, will work closely with MD Anderson and Ann Arbor, MI-based Cayman Chemical on discovering and developing small molecule inhibitor to treat inflammation-induced cancers such as melanoma, as well as colon and pancreatic cancers.
“We’re looking at blocking that inflammatory pathway,” says Melissa Singh, a Fannin fellow and former MD Anderson postdoc, who is leading the ACF team. “The problem with some of the (therapies) that have been developed is that side effects have limited their use.”
Cayman Chemical will take the lead in drug discovery by working on the design, synthesis, and initial screening for therapeutic applications in cancer, fibrosis, inflammation, and pain. MD Anderson will evaluate molecule candidates and conduct animal studies in as soon as six months.
M.D. Anderson developed the initial technology and will continue to help validate progress, while Cayman has the expertise in developing molecules that would become drugs, says Atul Varadhachary, Fannin’s managing partner.
“We really need these three sets of capabilities,” he says. “IP does not even exist at this point. We are working together to generate IP so hopefully within a year we will have a lead molecule in place.”
ACF Pharmaceuticals is the latest company to be founded by Fannin, which functions as both an accelerator and a venture capital firm. Fannin currently has nearly a dozen portfolio companies, which include Acelerox, which was founded in February and aims to use nanoparticle technology to treat a variety of autoimmune and other disorders.
Another Fannin company is Procyrion, a medtech startup that is developing a circulatory support pump that is thinner than a pencil and can be implanted through a catheter in the aorta, the major artery coming from the heart. The device is designed to support heart failure patients by helping the damaged heart push more blood through the circulatory system and on to vital organs.
Harneys’ Cayman team raises funds to help childhood cancer fight
In support of Childhood Cancer Awareness Month, a team of five participants from Harneys’ Cayman office shaved their heads to raise money in conjunction with the annual Heroes for Hannah event on 11 September 2015.
The team, which referred to themselves as Harney, Westwood & Razors, was made up of Partners Marc Kish and Colin Riegels; Associate James Elliott; Company Administration Accountant Esther Rivers, and Legal Cashier Charles Bodden.
“We are delighted to be involved with such a great community initiative; the atmosphere on the evening was incredible and we are proud to have raised US$11,000 for such a wonderful cause” said Marc.
The event has so far raised over $327,000 for the Heroes for Hannah campaign with almost 100 volunteers willing to go bald for the cause. Every dollar raised from the event, which is run by volunteers, supports the St. Baldrick’s Foundation’s childhood cancer research grants.
For more information please click here: http://www.stbaldricks.org/hero-funds/heroesforhannah/
Call the Caribbean: Digicel Group sets terms for $1.8 billion US IPO
By Renaissance Capital, September 22, 2015, 09:15:56 AM EDT AAA
Digicel Group, a leading provider of mobile services in the Caribbean with 14 million subscribers, announced terms for its IPO on Tuesday.
The Hamilton, Bermuda-based company plans to raise $1.8 billion by offering 124 million shares at a price range of $13 to $16. At the midpoint of the proposed range, Digicel Group would command a fully diluted market value of $4.6 billion.
Digicel Group, which was founded in 2000 and booked $2.8 billion in sales for the 12 months ended June 30, 2015, plans to list on the NYSE under the symbol DCEL. J.P. Morgan, UBS Investment Bank, Citi, Barclays, Credit Suisse and Deutsche Bank are the joint bookrunners on the deal. It is expected to price during the week of October 5, 2015.
The article Call the Caribbean: Digicel Group sets terms for $1.8 billion US IPO originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
Trinidad attorney general signs authority to proceed in Warner extradition case
From Caribbean News Now contributor
PORT OF SPAIN, Trinidad — Trinidad and Tobago Attorney General Faris Al-Rawi has belatedly signed off on the US request for the extradition of former FIFA vice president Jack Warner to face multiple charges of racketeering, corruption and money laundering in New York.
This was announced on Monday morning when Warner reappeared in the Port-of-Spain Magistrate’s Court and lawyer, Fyard Hosein SC pointed out that Al-Rawi had missed last Wednesday’s deadline for doing so.
Although Hosein acknowledged that Al-Rawi had asked Chief Magistrate Marcia Ayers Caesar for an extension of the deadline until Monday, no ruling had been given and, as a result, Hosein claimed that his client was entitled to be automatically discharged.
Lead counsel for the government, James Lewis QC, submitted that such a move would be strictly academic as Warner would be immediately re-arrested pending a renewed application by the US.
Lewis argued Warner should have applied to be discharged immediately upon the expiration of the deadline last week, which has now been rendered moot by the attorney general signing the authority to proceed in the case.
Deputy Chief Magistrate Mark Wellington presided over the hearing in the absence of Ayers Caesar and adjourned the case to Friday when he will hand down his ruling.
IMAGE: Attorney General Faris Al-Rawi
Tax evaders targeted in United States using Belize accounts
By Santiago From Financial Buzz
The authorities in United States have now started targeting Belize-based banks as an expansion towards their search of all those Americans who they suspect of tax evasion by hiding their undisclosed assets and incomes in offshore accounts. The approval to do so has been given on Wednesday by a Miami based federal court. The court gave approval for special legal summons of “John Doe” to seek income related information of all such U.S. taxpayers who may be holding undisclosed accounts at Belize Bank Limited or Belize Bank International Limited.
Court’s approval to go ahead
The Miami court authorized the federal investigators to see records of all those so-called Belize bank correspondent accounts that are maintained in Citibank (NYSE: C) and Bank of America (NYSE: BAC). The IRS can get great insights from all these bank accounts that allow foreign banks to handle financial transactions in U.S. dollars without the presence of the United States as the former can now identify all those U.S. taxpayers who either held or hold accounts at the different Belize financial institutions.
Such ‘John Doe’ summonses by the IRS authorities can provide in-depth information about all such individuals who have been using these Belize financial institutions as well as to the extent in which their funds were transferred to other jurisdictions. However, the acting Assistant Attorney General said that they have been getting information from various sources regarding details of hidden offshore schemes and foreign accounts.
Way forward for the IRS
A legal declaration issued by the IRS said that Belize Bank Limited is based in the Central American nations and owns the Belize Bank International Limited directly and is incorporated. Belize Corporate Services, another company offers the so-called paper companies, “shelf” corporations that can be regarded as the falsified owners of such offshore accounts.
According to the declaration made by the IRS, all the three above mentioned entities are corporate subsidiaries of the BCB Holdings Limited. The IRS’s declaration also described the review of a federal agent on information gathered from all those American citizens who had come forward as a part of a voluntary IRS disclosure program and shared information about their accounts that they held at some time at these Belize Banks.
Earlier in 2009, the U.S. investigators had also got the court’s approval for serving John Doe summonses on UBS, a Swiss banking giant which was the initial target while continuing with massive federal crackdown on cases of offshore tax evasion. UBS (NYSE: UBS), in turn had to disclose information on approximately its 4,450 U.S. clients.
For more: http://www.financialbuzz.com/tax-evaders-targeted-in-united-states-using-belize-accounts-332813
Villa breaks SCCL goal mark in Queretaro win
From CONCACAF
Emanuel Villa (pictured) celebrates after scoring one of his record five goals in Queretaro’s Scotiabank CONCACAF Champions League win over visiting Verdes FC on September 17, 2015, in Queretaro, Mexico. (Photo: Mexsport)
QUERETARO, Mexico — Emanuel Villa set a new record for the most goals scored in a single Scotiabank CONCACAF Champions League game, striking for five as Queretaro boosted its Group C hopes with an 8-0 victory over Verdes FC on Thursday night at the Estadio La Corregidora.
Kevin Gutierrez, Antonio Naelson Matias “Sinha” and Danilo Veron each netted once to help the Gallos Blancos close out their group-stage schedule.
In order to progress to the quarterfinals, Queretaro (2W-1D-1L, 7 points) must hope that San Francisco FC (1W-0D-1L, 3 points) doesn’t post wins in its last two matches, both against eliminated Verdes FC (0W-1D-1L, 1 point).
Villa’s five-goal performance gives him 17 in his SCCL career, elevating him to fourth on the all-time list. He had a hat-trick by the 53rd minute, before adding a fourth in the 85th minute and a fifth just as stoppage time began.
It was Gutierrez, however, who opened the scoring in the 15th minute.
After Angel Sepulveda rose to win a contested header inside the penalty area, the ball rolled toward the edge of the 18, where Gutierrez thumped a first-time effort that slammed the inside of the right post before settling into the net. It was Gutierrez’s first career SCCL goal.
Villa made it 2-0 in the 30th minute on the first of two goals from a corner kick, beating his marker at the near right post to reach Gutierrez’s service and send a flashing header beyond goalkeeper Benito Morreira.
Shortly after halftime, Villa connected twice with Yerson Candelo to put the game out of reach.
On the first, Candelo sent in an early cross from the right to find Villa, who slid to knock home a left-footed finish from the edge of the 6-yard box. Next, Villa found space around the near post on a corner kick to outjump defender Chris Gillharry and head home Candelo’s outswinging ball.
The hosts added four goals more inside the final 10 minutes. In addition to Villa’s tallies during that stretch, Sinha (81’) and Veron (86’) found the back of the net.
