Bahamas must 'raise financial services game'
NICHE providers could gain greater market share in the Bahamas and expand their business as larger firms streamline their operations due to global regulatory pressures, a financial services executive believes.Craig Lines, president/director of LOM Fi
Financial servicessector selectscaptive scholars
THE Bahamian financial services industry has selected two recipients for the Associates in Captive Insurance (ACI) designation scholarships.The 2017 recipients are Clement Penn Jr, of CBH Bank Bahamas, and Lorraine Goncalves of BAC Bahamas Bank. “Bot
Better visitor access key to Long Island's growth
IMPROVING visitor access to Long Island is the easiest way to boost the island’s economy, a local businessman saying: “I think it all boils down to convenience’.Luke Maillis, manager of Real Addictive Charters, told the Long Island Business Outlook c
Bahamian tech-based KYC provider gaining recognition
A FINANCIAL technology start-up created by Bahamian born E. Jay Saunders has been nominated for 4 A-Team 2017 RegTech (Regulatory Technology) awards for its enhanced due diligence cognitive search and crime prevention tool SafetyNet.ai (www.safetynet
Insurance industry meets with the Attorney General
THE Bahamas Insurance Association (BIA) and its executives recently met attorney general, Carl Bethel, to discuss issues impacting the industry.The BIA team, led by its chairman, Emmanuel Komolafe, introduced Mr Bethel to the BIA and its objectives w
Port of Nassau needs 'over $100m infusion'
Management of the Bahamas’ main cruise port will be put out to bid by mid-December, with the facility needing “a substantial capital infusion in excess of $100 million”.Dionisio D’Aguilar, minister of tourism, confirmed to Tribune Business this week
Ice cream firm is 'licked' over unfair dismissal
A Lickety Split employee, whose husband conducted a year-long harassment campaign against her boss over suspicions they were having an affair, has won her claim for unfair dismissal.Justice Indra Charles, in a September 14, 2017, ruling found that th
Bank fears Central Bank 'difficulties' in $2.4m battle
A BAHAMIAN bank is suing its correspondent to recover $2.343 million amid fears the situation will create “difficulties” with the Central Bank and Securities Commission.Capital Union Bank, which is based at the Lyford Financial Centre, is alleging th
Web shops: Systems prevented use for money transmission
SEVERAL web shop operators yesterday said inter-island money transfers were impossible on their system, while others expressed concern over the impact on Family Island communities from Island Luck’s decision to close all such accounts. Anthony brown
GB Power buy-out: ‘This is beginning, not end, of fight’
OPPONENTS of the GB Power buy-out yesterday warned the utility’s owner: “Don’t count your Depository Receipt chickens before they’re hatched” despite investor approval for the deal.
Financial services industry honours leading performers
THE Bahamian financial services industry honoured many of its leading professionals at the Excellence Awards Gala Dinner, held on November 3 at Atlantis.The awards programme, introduced in 2001 by the Bahamas Financial Services Board (BFSB) as a part
IAN FERGUSON: Striking the right note for working harmony
MUSIC is said to be the universal language. Bars, notes, chords, rhythms and beats somehow have the ability to transport us into another world and emotional state of being. It influences the way we communicate, and most understand its immense power i
IDB unveils $35m coastal upgrades
THE Inter-American Development Bank (IDB) yesterday announce it has approved a $35 million loan to enhance the Bahamas’ resilience to coastal risks.The programme will finance shoreline stabilisation and coastal flooding control measures on Grand Baha
IDB approves Long Island airport study
THE Inter-American Development Bank (IDB) has approved a feasibility study for upgrades to Long Island’s main airport, a senior official said yesterday.Maria Florencia Attademo-Hirt, the bank’s Bahamas country representative, told Tribune Business: “
Sandals showcases Bahamas to international media visitors
SANDALS yesterday said its two Bahamian properties have attracted more than 50 international media outlets in 2017, with the pace of visits increasing since the September 2017 hurricanes.Lazar Delorenzo Charlton, public relations manager at Sandals R
