Accountants urged to 'stay on cutting edge'
THE Bahamas Institute of Chartered Accountants (BICA) president yesterday urged the profession to stay on the “cutting edge”, adding: “We have to make sure we are who we champion ourselves to be”.Gowon Bowe, addressing the opening of BICA’s Accountan
Govt seeking new $800m foreign loan
The Government is aiming to raise up to $800 million via a US dollar bond to cover its deficit financing needs for the current and previous fiscal years, Tribune Business can reveal.
Insurance chair fears regulatory 'overshoot'
Bahamian insurers remain concerned that proposed anti-money laundering reforms risk “overshooting and putting us at a competitive disadvantage as a jurisdiction”.Emmanuel Komolafe, the Bahamas Insurance Association’s (BIA) chairman, told Tribune Busi
Fidelity targets 10 per cent profit rise for 2018
FIDELITY Bank (Bahamas) is targeting 10 per cent net income growth for 2018 as consumer loan expansion continues to compensate for mortgage book contraction.Gowon Bowe, the BISX-listed commercial bank’s chief financial officer, told Tribune Business
Don't 'fight tooth and nail' against the WTO
A FORMER Grand Bahama Port Authority (GBPA) attorney says the Bahamas must “embrace” full World Trade Organisation (WTO) membership rather than “fight tooth and nail” against it.Carey Leonard told Tribune Business that Freeport, and the wider Bahamas
QC: Gov’t must hire business ease ‘Czar’
THE Government must appoint a business ease ‘Czar’ as part of “major surgery” to repair the Bahamas’ outdated governance model, a prominent QC has urged.
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
