Bahamas 'hub' on Lombard Odier's Latam expansion
Top Lombard Odier executives yesterday said they planned to use their Bahamas operation as “a hub” to support further expansion into Latin America, adding that this nation’s financial services industry was likely to join global consolidation trends.
Top bankers praise Bahamas' 'terrific' response to OECD
Top private banking executives yesterday praised the Bahamas’ “terrific” response to international regulatory initiatives, explaining that compliance with these was “key” to their institution’s long-term presence in this nation.
Court judgments only retroactive Credit bureau info
Only loan agreements entered into after the Credit Bureau’s introduction will be included in its records, the Central Bank Governor said yesterday, adding that the “only exception” would be outstanding court judgments.
Gov't sets out mobile liberalisation terms
The Government expects to award a second cellular license by April 2015 it was disclosed yesterday, with its Task Force announcing that tender documents would be launched today.
BTC drives 40,000 to smart phones
The Bahamas Telecommunications Company (BTC) is aiming to drive some 40,000 mobile customers to upgrade to smart phone technology, its chief executive yesterday confirming the incumbent carrier will start testing its TV product in Bimini next week.
Bank must restore its credibility after rescue
Now that the dust is slowly settling since the hastily-called press conference on October 31, we can see more clearly what happened and what it means for the future.
VAT's healthcare impact 'nothing short of stupid'
Value-Added Tax’s (VAT) design is “nothing short of stupid”, a leading physician warned yesterday, warning it would further weaken the Bahamian healthcare industry’s global competitiveness.
Water Corp's 20% demand cut gives $1.7m in savings
The Water & Sewerage Corporation’s leak reduction initiative has cut water volumes purchased from its BISX-listed supplier by 20 per cent, it was revealed yesterday, slashing its top-line for the first nine months by 2014.
Debt growth rate targeted for 130 basis pts decline
The rate of growth in central government debt will drop to a five-year average of 11.4 per cent of GDP, as opposed to the current 12.7 per cent, if the Bahamas smoothly implements planned fiscal reforms.
PM brands 190 Crystal Palace lay-offs 'unfair'
Prime Minister Perry Christie yesterday blasted last week’s terminations of 190 Crystal Palace workers as “unfair”, and said the Government needed to give hotel staff greater protection in Heads of Agreements negotiated with foreign developers.
Gov’t eyes phased implementation for $600m NHI scheme
The Government is considering rolling out its National Health Insurance (NHI) scheme in a three-phase process that will ultimately create a package costing more than $600 million annually, the Prime Minister said yesterday.
BORCO parent gains permission to appeal $17m damages limit
By NEIL HARTNELL
MARKETING REVOLUTION - Dr Myles Munroe: A true Marketing revolutionary
I was at a conference in Chicago when the waiter heard me speaking and asked: “Where are you from?” When I told him the Bahamas, he said: “Be sure to say hello to my brother, Dr Myles Munroe. I’m reading one of his books now.”
Palm Cay ahead of schedule for third condo phase launch
A southeastern New Providence real estate development yesterday said it will open reservations ahead of schedule for the third phase of its luxury condominium complex, The Anchorage, after demand outpaced supply in the first two phases.
Tourism moves on Middle East market
The Ministry of Tourism is looking to the Middle East as it seeks to diversify this nation’s source visitor markets and attract more tourists.
