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Business

 
Securities Commission officials spend day at Swiss America office
A statement issued a week ago by Swiss America Securities Ltd. (SAS) sought to distance the company from the U.S. Securities Exchange Commission’s (SEC) indictment of Guy Gentile, founder of SAS and its offshoot, SureTrader, both licensed by th...
 
 
Small Island Sustainability Institute groundbreaking on Friday
On Friday, a groundbreaking ceremony will take place at the future site of the long-awaited University of The Bahamas (UOB) Small Island Sustainability Institute, which will offer teaching and research services on fisheries, agriculture and other are...
 
 
Central Bank strikes cautious tone
The Central Bank of The Bahamas (CBOB) has once again moderated its tone with respect to its outlook for the Bahamian economy. In its Monthly Economic and Financial Developments (MEFD) report for March 2016, the regulator noted that “economic c...
 
 
Business optimism down in first quarter of 2016, accountants body says
The Global Economic Conditions Survey (GECS) for the first quarter of 2016 presents grim news: Despite indications that optimism may creep back up in the second quarter, in the first quarter businesses were less optimistic about their prospects than ...
 
 
Island Luck launches $1M scholarship fund at COB
The Island Luck Cares Foundation launched a scholarship fund program worth $1 million for eligible Bahamian college or high school students yesterday at The College of The Bahamas’ (COB) Harry C. Moore Library. At the launch, COB, in partnership ...
 
 
e-Commerce training deemed a success
Scores of local businesses attended the e-Commerce Strategy Training Workshop hosted by the Invest Grand Bahama Small Business Bureau (IGBSBB) last week. The two-day event, which focused on taking local businesses global, was held at the Pelican Bay ...
 
 
SPS measures ‘of vital importance,’ minister says
Sanitary and phytosanitary (SPS) measures are of “vital importance” to The Bahamas, according to Minister of Financial Services Hope Strachan. The minister, who also has Cabinet responsibility for trade, among other things, said the measures are ...
 
 
URCA approves new owner for 49% of BTC
The Utilities Regulation and Competition Authority (URCA) has – despite objections raised by Cable Bahamas Ltd. (CBL) about “serious public interest concerns” – put its stamp of approval on the $5.3 billion acquisition of Cable and Wirele...
 
 
URCA: Slower growth for broadband than expected
The Utilities Regulation and Competition Authority (URCA) says in its 2016 Annual Plan that broadband services have not developed as anticipated due to the resale of broadband under the wholesale Internet access regime. And URCA said a contraction ...
 
 
Negative GDP growth ‘proof positive’ of economic malaise
Shadow Finance Minister Peter Turnquest says the new data released by the Department of Statistics (DOS) is “proof positive” that despite the Christie administration’s boasting about the success of its fiscal management plan, the economy ...
 
 
BICA action plan welcomed, touted by IFAC
The Bahamas Institute of Chartered Accountants’ (BICA) statements of membership obligations (SMO) action plan has been published on the website of the International Federation of Accountants (IFAC), setting the clock to twelve months before an upda...
 
 
$8M refurbishment boost Comfort Suites PI performance
The results of an $8 million dollar refurbishing program contributed to a “record-breaking performance” for Comfort Suites Paradise Island, according to William Naughton, managing partner of Comfort Suites. Speaking with Guardian Business via em...
 
 
BFSB, Bahamas delegates attend STEP Caribbean Conference
The Bahamas, represented by the Ministry of Financial Services, the Bahamas Financial Services Board and a number of delegates from The Bahamas participated in the Society of Trust and Estate Practitioners (STEP) Caribbean Conference which was held f...
 
 
ADR professionals tout time, confidentiality of process
Members of Alternative Dispute Resolution (ADR) Bahamas insist on a number of advantages that the organization has over the “congested” court system. ADR uses techniques such as mediation and arbitration to resolve conflicts outside of the court...
 
 
Sterling Global Financial announces successful private placement for NPIF
Bahamas-based Sterling Global Financial has announced that its indirect private placement offering to raise funds for its real estate lending vehicle, New Providence Income Fund, Ltd. (NPIF), closed successfully, demonstrating confidence in the econo...
 
 
Izmirlian: Receiver’s CCA comments ‘astounding’
Granite Ventures Ltd. has questioned whether the “refusal” by the Export-Import Bank of China (CEXIM) to negotiate with the Baha Mar developers is in effect a way to circle the wagons, so to speak, around the other Chinese state-owned partners in...
 
 
URCA preps for regulating electricity sector; awarding cell license for 15 years
The Utilities Regulation and Competition Authority (URCA) yesterday released its 2015 Annual Report and 2016 Annual Plan, laying out the steps the regulator will take with respect to its new duties regulating the electricity sector. URCA still has ...
 
 
Chiropractors, dentists, psychologists join UHRA
The opposition of health professionals to the Christie administration’s National Health Insurance (NHI) scheme as a model of universal healthcare (UHC) continues to pick up momentum. This is particularly so given the announcement that associati...
 
 
Bahamas officers training on int’l food safety standards
Two representatives from the Ministry of Agriculture and Marine Resources recently completed the Sanitary and Phytosanitary Management Course held at the United Nations University – Fisheries Training Programme (UNU-FTP) in Reykjavik, Iceland. The...
 
 
Official touts tweaks to Junkanoo Carnival experience
In collaboration with Unique Bahamas International – a Bahamian production resource company – the Bahamas National Festival Commission (BNFC) touted several improvements of the upcoming Bahamas Junkanoo Carnival during a press conference yesterda...
 
 
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