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Business

 
WSC celebrates 2017 essay and video winners
The Water and Sewerage Corporation’s (WSC) May observance of Water Month has become synonymous with the corporation’s annual essay and video competition, which gives high school-aged students the opportunity to show the impact of water on The Bah...
 
 
Bank of The Bahamas reports $11 million loss
Bank of The Bahamas (BOB) released its financial statements for the first quarter of 2017 yesterday, revealing losses of $11 million, $5 million more than the bank reported in the first quarter of 2016. Its losses continue, even after the bank was ba...
 
 
IDB study: Bahamas’ crime-related costs highest in the Caribbean
A study released this week by the Inter-American Development Bank (IDB) reveals that The Bahamas has the highest crime-related costs in the Caribbean. This includes costs incurred by the government, costs incurred by the private sector, social costs ...
 
 
New Commonwealth Brewery beverages boost revenue; expenses impact net income
The launch of popular alcoholic beverages, such as Kalik Radler Cranberry and Pina Colada, contributed to a boost in revenue for Commonwealth Brewery Ltd. (CBL) in the first quarter of this year. In its first quarter unaudited financials released ye...
 
 
Komolafe: Bahamas needs risk management framework to counter natural disasters
Chairman of the Bahamas Insurance Association (BIA) Emmanuel Komolafe asserted the need for The Bahamas to develop a risk management framework in case of a national disaster, as the 2017 hurricane season draws near. In light of Hurricanes Matthew an...
 
 
Health and wellness company hoping to trim the fat with new corporate program
Health and wellness is one of the fastest growing economic sectors worldwide, but according to one fitness expert, The Bahamas, with a 90 percent obesity rate within the workforce, is behind in cashing in on the craze. He suggested the local private ...
 
 
URCA and its licensees host 120 students during ‘Girls in ICT Day’ event
“Don’t be afraid of challenges and new opportunities.” “If you fall, remember to get up quickly.” “Smart is the new sexy.” These are just some of buzz phrases and words of advice that over 120 young ladies heard at the third annual c...
 
 
2,000 BTC customers are watching Flow to Go
Bahamas Telecommunications Company’s (BTC) new mobile television app, Flow to Go has reached 20,000 subscribers! BTC introduced the mobile television app to its customers for Christmas last year. BTC CEO Leon Williams views this as a great accompl...
 
 
Flowers urging new govt to revisit web shop policies
CEO of FML Group Craig Flowers is urging the new government to revisit some policies in the gaming industry which he thinks were not properly implemented by the former Christie administration. Speaking with Guardian Business yesterday, Flowers said ...
 
 
Colina Holdings posts strong Q1 results
Colina Holdings Bahamas Limited (CHBL) yesterday announced strong first quarter financial results for 2017, “boasting a positive start to the company’s fiscal year”. The company’s Q1 financial statements revealed that total net income for th...
 
 
Bahamian scent marketing business freshens Aliv stores and goes international
A Bahamian businessman has invested almost $200,000 to expand his business to South Florida, and announced yesterday that his latest business venture, Scentpressions, is making an impression in Aliv stores across New Providence. Damalus Curry, who f...
 
 
Study outlines high cost of living in The Bahamas
The cost of living in The Bahamas is 40 percent higher than in the U.S., according to a study by GoBankingRates, released yesterday. The Bahamas also ranked fifth among 50 countries in the category of most expensive places to live when compared to N...
 
 
Scotiabank recognized as Latin American retail bank of the year
Scotiabank has been recognized by Retail Banker International (RBI) as the Latin American Retail Bank of the Year for 2017. This is the second year Scotiabank has been recognized by RBI. Last year the bank was awarded the Global Bank with the Best Di...
 
 
Bahamas Waste celebrates biodiesel drivers
Biodiesel is a renewable, clean-burning diesel replacement that continues to reduce global dependence on foreign petroleum, all while creating jobs and improving the environment. It is made from a diverse mix of feedstocks, including recycled cooking...
 
 
BREA’s new president invites greater participation, consultation with govt
The recently elected president of the Bahamas Real Estate Association (BREA) has called for greater cooperation, consultation and participation with the newly-elected government, declaring “Together we can help drive one of the most important engin...
 
 
Turnquest: First order of business is job creation
Newly-appointed Deputy Prime Minister Peter Turnquest said the new government's first order of business is to get people back to work, and in his first days as the country's minister of finance, to get the country's budget aligned with the Free Natio...
 
 
No ‘tremendous loss’ in mobile subscribers, says BTC VP
Vice President for Mobile at Bahamas Telecommunications Company (BTC) Alphanique Duncombe told Guardian Business that, in spite of mobile competitor BeAliv Ltd., the incumbent has not seen a “tremendous loss” in subscribers and has managed to mai...
 
 
Voice services on the decline for the past seven to eight years, says BTC exec.
Based on Bahamian consumer trends, voice services have been on the decline, given the rise in data usage for the past seven to eight years, said Product Development Manager for Mobile at Bahamas Telecommunications (BTC) Leonara Coakley. Coakley, alo...
 
 
Engineer graduate participates in Aliv trainee program
With a bachelor’s degree in electrical engineering technology from the University of The Bahamas, Michael Treco would tell you being a part of the Aliv Graduate Trainee Program has been an awesome three-month journey of using his existing skills an...
 
 
Marianne Hasold-Schilter appointed new Scotiabank director and chairman
Scotiabank (Bahamas) Limited is pleased to announce the appointment of Marianne Hasold-Schilter as director and chairperson of the board. After almost three decades in leadership, Hasold-Schilter retired on April 30, 2017, as executive vice presiden...
 
 
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