News reports from the Cayman Islands have confirmed that the Legislative Assembly has chosen to defer the reading of the Information and Communications Technology (ICT) Bill which aims to facilitate the liberalisation of the country's telecommunications industry.
According to the online news service caypolitics.com, the Minister for Planning, Communications, Works and Information Technology, Linford Pierson had hoped to present the bill to the house this week. But he will now do so in March next year. Although the reasons for deferral are not completely clear, the Minister said it 'may be necessary to amend [the bill] the rapid development of telecommunications is of vital importance to the country.'
He added that it would also give the Assembly 'sufficient time to reconsider the bill ... with the consultants we've engaged.'
It was decided in October this year by the Executive Council (ExCo) to commence the process for liberalising the industry in a bid to speed up the development of e-business in the Caymans.
The Minister said that the deferment is not likely to push back the deadline by which the liberalisation process should begin - August, 2002. Talks with Cable & Wireless are continuing and the deadline date is 'still achievable,' he said.
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment