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Business

 
Bahamas Customs to celebrate International Customs Day
FREEPORT, Grand Bahama – Community involvement, honoring long-serving officers, educating and advising stakeholders, and sporting events are among the list of activities planned for the celebration of the 28th International Customs Day. During a p...
 
 
Sealy: NHI will lead to increased healthcare system costs
While asserting the need for a National Health Insurance (NHI) scheme in The Bahamas, CEO of Doctors Hospital Charles Sealy admitted that its implementation will lead to a rise in costs for the healthcare system as a result of increased technology us...
 
 
IHIMS launched; no final implementation date
There is no final implementation date for the integrated health information management system (IHIMS), which will automate several functions within the public healthcare system at a cost of $18.39 million. Yesterday, the Ministry of Health, in conju...
 
 
Ocean Terraces back in court in six months
Even as the West Bay Street property now known as Ocean Terraces finally joins the real estate listings of upscale properties on New Providence, the fight in court over two of the property’s units and more than $2 million will continue in six month...
 
 
Study recommends restructuring of healthcare sector’s governing bodies
The structure of The Bahamas’ governing bodies in the healthcare sector will have to change if the country is to effectively and efficiently implement universal healthcare (UHC), a study done by the National Health Systems Strengthening Committee s...
 
 
Sandals Royal Bahamian welcomes travel agents for event-filled showcase
Still glowing from a multimillion-dollar refurbishment and grand relaunch, Sandals Royal Bahamian Resort & Offshore Island welcomed over 150 home-based travel agents from all over North America to showcase its Nassau property and learn more about...
 
 
Sands: Different type of Baha Mar training program this time around
Baha Mar staff training, due to commence soon, will not be in the form of the holistic leadership development training received by the first wave of Baha Mar recruits under former developer Sarkis Izmirlian, it was revealed yesterday. Robert “Sand...
 
 
No marketing, promotion 96 days before soft opening of Baha Mar
With only 96 days left before the eagerly anticipated soft opening of the Baha Mar resort, the company has yet to begin local or international marketing. Robert “Sandy” Sands, Baha Mar's senior vice president of administration and external affai...
 
 
Contract signed to improve San Salvador’s water supply
A contract worth $1.6 million was recently signed to improve and extend the water supply on San Salvador. The contract was signed between the Water and Sewerage Corporation (WSC) and Bahamas Hot Mix Co. Ltd., a leading Bahamian road contractor. The...
 
 
Gomez: Need for fair competition, fees in banking sector
Chairman of the Consumer Protection Commission (CPC) Jerome Gomez asserted the need for fair competition within the retail banking sector amid consumer complaints over fees charged for certain banking services. Last year, the CPC conducted a survey ...
 
 
Supervision analyst of the Insurance Commission of The Bahamas achieves international designation
The Insurance Commission of The Bahamas is pleased to announce the success of Carl R. Culmer Jr. in attaining the Associate in Captive Insurance (ACI) designation in December 2016. This designation, established by the International Center for Captiv...
 
 
Bahamas Mortgage Corp. has 42% delinquency rate
Over the past six years, the Bahamas Mortgage Corporation’s (BMC) arrears have increased three to five percent, and statistics provided to Guardian Business reveal that the government-owned entity to date has a 42 percent delinquency rate. Informa...
 
 
J.S. Johnson estimates $60 million in Hurricane Matthew claims
J.S. Johnson paid out 75 percent of its claims during the three months following the passage of Hurricane Matthew across The Bahamas, the company's senior manager, Charles Johnson, said recently. Speaking to the media at a press conference for the R...
 
 
Anderson: Technology will continue to replace retail banking jobs
President of Royal Fidelity Merchant Bank & Trust Ltd. Michael Anderson said the number of jobs replaced by technology in the retail banking sector is likely to increase over the next few years. Anderson told Guardian Business that the prolifera...
 
 
New car sales decline impacting insurance firms
New car sales have been declining year-on-year for the past eight years, according to J.S. Johnson Senior Manager Charles Johnson, who said insurance companies have been taking a hit on the comprehensive premiums side. Johnson, speaking to the media...
 
 
Royal Fidelity Bahamas Economic Outlook to feature five internationally renowned speakers
Now in its third year, the Royal Fidelity Bahamas Economic Outlook continues to grow year-on-year and bring insightful speakers and topics to Bahamian professionals. The event will take place at the Atlantis resort on January 31 and will feature fiv...
 
 
U.S. Embassy warns of scam
The United States Embassy in The Bahamas is warning U.S. citizens about a scam seemingly originating out of The Bahamas, that attempts to scam a visitor’s family members out of money by convincing them that funds are needed for a medical emergency....
 
 
Ocean Terraces finally opens after renovations
The Ocean Terraces property on West Bay Street, once embroiled in litigation, has finally opened to much excitement after “many millions” were spent on renovations and redevelopment by Sterling Global Financial’s Bahamas subsidiary. The proper...
 
 
Govt, UOB sign MOU for national training and development of public service
The government and the University of The Bahamas (UOB) signed a memorandum of understanding (MOU) yesterday for the national training and development of the public service. The MOU is intended to facilitate the training of civil servants. Courses off...
 
 
Govt building new post office, refurbishing General Post Office
Minister of Labor and National Insurance Shane Gibson said yesterday the government has entered into a public-private partnership (PPP) to construct a new post office at the independence shopping center opposite A.F. Adderley Junior High School. In ...
 
 
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