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Baha Mar casino hunts Asian whales
MACAU - Baha Mar is targeting around 25,000 well-heeled tourists each year from Asia and hopes gaming will account for up to one-third of its total business.
The $3.5 billion mega resort, slated to be completed in western New Providence by December ... |
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Beneby: Mortgage Relief Plan impacted by unemployment
Chairman of the Clearing Banks Association (CBA) Nathaniel Beneby Jr. says the high level of unemployment is the primary reason why more Bahamians did not qualify under the government’s Mortgage Relief Plan.
Beneby pointed out to Guardian Business... |
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Jennings: Unregulated loans hurting banks
A top banking executive believes unregulated lending facilities are worsening public debt and creditworthiness, making it even more difficult for institutions to approve or restructure loans.
Ian Jennings, the president of Commonwealth Bank Limited,... |
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BCCEC ‘outraged’ by spike in crime
The Chamber of Commerce and Employers Confederation (BCCEC) is expressing "outrage" at the level of crime and its potential impact on the economy.
Chester Cooper, the chairman of BCCEC, insisted that the issue of crime is not only a police problem.&... |
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Bank exec: Bahamians don’t have enough savings
One of the country’s banking veterans is expressing concern that the average Bahamian does not have sufficient funds in their saving accounts to meet unexpected emergencies.
According to statistics released by The Central Bank of The Bahamas, 95 p... |
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Baha Mar ‘lynchpin’ to economic revival
The number of new loans at Commonwealth Bank Limited continued to decline in the first quarter of this year, while the institution tightens up on loan practices and focuses on its collection activities.
The economy may have improved somewhat since 2... |
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Culinary team prepares for regional competition
The creative culinary juices are flowing as some of our nation’s top chefs prepare to enter the region’s prized ‘Taste of the Caribbean’ competition. The Caribbean Hotel and Tourism Association’s annual event will feature more than 14... |
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Cable Bahamas launches REVON Extreme
Less than one month after officially launching speed increases of 500 percent, Cable Bahamas has now released its much-anticipated REVON Extreme. This new level of service delivers home Internet speeds at up to 70 megabits per second, which is ... |
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Brazilian firms to arrive in 2013
The Ministry of Financial Services expects Brazilian financial institutions to officially set up shop in Nassau by the end of this calendar year.
Latin America has often been seen as a lucrative frontier for the country's second pillar of the econom... |
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Govt snubbing locals in aviation reform
A well-known airline executive believes government is not properly consulting Bahamian industry professionals on the establishment of a Civil Aviation Authority.
Randy Butler, the CEO of SkyBahamas, applauded the government for its "radical" approac... |
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BCA launches key training program
The Bahamian Contractors Association (BCA) has launched an aggressive training program designed to certify up to 400 of the country’s contractors.
The Bahamas Technical and Vocational Institute (BTVI) and the BCA have teamed up to offer an intensi... |
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BCCEC backs locally-owned casino
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has endorsed the first Bahamian-owned casino in the country.
On the heels of preliminary approval for Lucaya Entertainment Limited in Freeport, BCCEC's top executive insisted that t... |
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SCB appoints Miller to head of surveillance
The Securities Commission of The Bahamas (SCB) announces the appointment of Velma Miller as the manager of its Market Surveillance Department, effective Monday, May 13, 2013.
Miller, a Bahamian, holds a bachelor’s degree in banking and finance and... |
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Thompson named anti-money laundering coordinator
The following is a statement by the Government of The Bahamas regarding the appointment of Stephen Thompson as anti-money laundering coordinator.
The Bahamas continues to play an integral role in the international financial services sector by creati... |
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BTC’s voicemail update set for weekend
Bahamas Telecommunications Company (BTC) announced today that a voicemail upgrade will ‘go live’ overnight on Saturday, May 18 when the existing BTC voicemail platform transfers to a new and improved one that is more user-friendly, versatile and ... |
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Sands joins with Freeport casino
The Bahamian Brewery and Beverage Company has signed on to be the poster child for the first casino in The Bahamas owned by local investors.
Preliminary design plans show Sands beer, brewed in Grand Bahama, serving as a key corporate brand for the F... |
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Bahamas pushes ‘radical’ aviation reform
It's put up or shut up for the Bahamian aviation industry.
In a bid to radically improve standards, regulations and efficiencies, the lifeblood of this archipelagic nation will separate the regulatory functions of the industry from the operational f... |
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Distillery to buy Buena Vista from NIB
John Watling's Distillery is set to purchase the multimillion-dollar Buena Vista manor from the National Insurance Board (NIB) to "control its destiny".
The historic site, more than 200 years old, has traded hands many times over the centuries and r... |
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Auto payment at pumps sparks layoff fears
Gas retailers are welcoming the addition of automated payment at the pumps, but warned RUBIS not to lay off workers that depend on the stations for employment.
As part of the French multinational's revamp of its 20 gas stations in The Bahamas, autom... |
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Strong demand for smart phones
Bahamas Telecommunications Company (BTC) executives are seeing a demand for smart phones from their customers and expect the growth in this market to continue
“We have seen quite a lot of our customers purchasing smart phones. It has become ... |
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