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Business

 
Commonwealth Bank’s profit up 7.6 percent
Commonwealth Bank Limited’s (CBL) total profit for the nine-month period ended September 30, 2016 was $47.3 million, an increase of 7.6 percent over the $43.9 million reported for the same period in 2015, according to its unaudited third quarter fi...
 
 
Chamber’s third energy conference serves as platform for power sector innovation
From the smallest detail, like banning Styrofoam containers on a construction site at a planned Exuma luxury resort, to powering an electric vehicle via a solar power charging station, the Bahamas Chamber of Commerce and Employers’ Confederation’...
 
 
A novel and delicious Bahamian product – sheep tongue with ease
Sheep tongue, the quirky main ingredient of a souse of the same name, has made its way on the shelves of numerous food stores after a local businessman found a way to make it consumer friendly. David Turnquest, the owner of The Original Souse House,...
 
 
Fidelity Bank helps to feed over 500 families
Fidelity Bank donated food and grocery bags to the Trinity Methodist Church’s soup kitchen, feeding over 500 persons over the course of two Tuesdays. “Food is a necessity that some persons are not fortunate enough to take for granted,” said Ta...
 
 
Dept. of Agriculture hosts workshop on draft animal health regulations
The Department of Agriculture hosted a one-day workshop for relevant stakeholders on Tuesday, December 6, 2016 on draft animal health regulations. The regulations, which are based on international standards, will cover abattoirs and slaughtering faci...
 
 
Smith: 98% of Baha Mar claims settled
Chairman of the claims committee responsible for Baha Mar payouts James Smith said “virtually” all Bahamian claims are settled, and more than 90 percent of Bahamian and foreign subcontractors have been paid by China Construction America (CCA). S...
 
 
Darville: Investors looking at dormant Ginn Sur Mer property
Investors have been taking a serious look at the dormant $4.9 billion Ginn Sur Mer property in Grand Bahama, according to Minister for Grand Bahama Dr. Michael Darville, who said he did not want to comment further on where the government is in negoti...
 
 
Eighteen months later, helicopter services firm still awaiting NEC approval
A proposal and application to provide helicopter emergency medical services (HEMS) remains in the review stages 18 months following the initial submission by Era Helicopters (Bahamas), Ltd. to the National Economic Council (NEC), Guardian Business un...
 
 
BISX index up 6.79% in nine-month period
The Bahamas International Securities Exchange (BISX) All-Share Index closed at 1,947.88 for the nine-month period ending September 30, 2016, a year-to-date increase of 123.93, or 6.79 percent, in comparison to the nine-month period ending September 3...
 
 
Condor to fly non-stop from Germany to The Bahamas in 2017
For the first time in decades The Bahamas will see direct non-stop flight service from Germany to New Providence. The Ministry of Tourism is happy to announce that Condor will offer non-stop service from Frankfurt, Germany to Nassau, The Bahamas as ...
 
 
Sunryse’s 9th annual Shred Day 2016 an overwhelming success
In an effort to promote information protection and support local charities, Sunryse Information Management partnered with RBC Royal Bank as the key corporate sponsor for the ninth annual “Shred Day”. The event, which was held at the Western Espla...
 
 
Sunryse’s 9th annual Shred Day 2016 an overwhelming success
In an effort to promote information protection and support local charities, Sunryse Information Management partnered with RBC Royal Bank as the key corporate sponsor for the ninth annual “Shred Day”. The event, which was held at the Western Espla...
 
 
CBL bullish on Aliv market share, revenue
Aliv is expected to gain significant market share by the end of 2017, with revenue anticipated to increase rapidly. “Presently Aliv is in launch mode, however customer uptakes for the initial weeks are in line with expectations,” according to a ...
 
 
Engineer outlines economic challenges on Long Island
According to senior Bahamian engineer Hammond Rahming, Long Island needs a proper water supply in order to improve the state of the island’s economy, which is “seriously depressed”. Rahming outlined a string of concerns over the economic state...
 
 
Misaligned flight schedules impacting Long Island tourism
Stopover visitors to Long Island grew by only 250 people over a nine-year period, due in part to disjointed airlift between the island, New Providence and U.S. tourism markets, Director of Airlift at the Ministry of Tourism Tyrone Sawyer revealed at ...
 
 
IDB, govt partner on developing sponging industry
Spongers in Andros are set to benefit from local resurgence in the sponging industry, thanks to a project funded by the Inter-American Development Bank (IDB) and the government, which is focused on boosting economic growth and generating economic ben...
 
 
Forbes article on Baha Mar ‘fear mongering’, says Mitchell
A contributor to respected business and financial news magazine Forbes, contended in an opinion piece this week that the Bahamas government was complicit in helping Chinese interests “benefit” from the “debacle” surrounding the foreclosed Bah...
 
 
Officials outline payment options for certified NHI Bahamas providers
National Health Insurance Bahamas officials Wednesday outlined payment options that will be available for registered and certified providers of the program. Dr. Delon Brennen, National Health Insurance Bahamas project manager, said the quality of ca...
 
 
Final CLICO payout in January 2017
Despite a delay, the final payout to distressed policyholders of CLICO (Bahamas) is now expected to be made in January 2017. “We expect that final payout to be in the region of approximately $38 million. This amount would be dispersed by governmen...
 
 
List of Family Islands recommended for renewable energy released
Minister of the Environment and Housing Kenred Dorsett yesterday revealed a list of Family Islands recommended for utility scale renewable energy systems. A press release sent to the media by Dorsett revealed that Inagua, Eleuthera, Bimini, San Salv...
 
 
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