Insurers discuss industry concerns
Bahamas Insurance Association (BIA) executives have met with Michael Halkitis, minister of state for finance, and his officials to discuss key industry concerns.
Minister: No objection to foreign security JVs
A key Cabinet minister said yesterday that while security services was an area primarily reserved for Bahamians, the Government has seldom raised objections to Bahamians joint venturing with foreign firms to improve their offering.
Models to get a 'hoot' from Bimini
The popular Hooters International Calendar, which sells nearly 500,000 copies annually, will feature the historic Big Game Club Resort and Marina and the beauty of Bimini as part of its 2015 edition.
Over 150 to graduate from Baha Mar training
More than 150 students will next week participate in the first graduation exercise for Baha Mar’s Leadership Development Institute (LDI), a non-profit training organisation supported by the resort developer.
$14.7bn asset manager targets Ginn project
A top US real estate/infrastructure investment firm with $14.7 billion in assets under management has been revealed as one of the groups exploring the potential purchase of the former Ginn project in Grand Bahama’s West End.
CIBC: $174m net loss 'final rebound phase'
CIBC FirstCaribbean’s capital market-record $174 million net loss is unlikely to be repeated and represents the final stage in a “three-phase approach to revive our business”, its Bahamian managing director told Tribune Business.
RoyalStar: 'We'll be hunter, not the prey'
RoyalStar Assurance is aiming to leverage its $44 million net equity and “become one of the premier players in the Caribbean” within the next five years, its managing director saying: “We want to be the hunter, not the prey.”
CIBC loss to unions: 'Don't rattle the cage'
CIBC FirstCaribbean’s $174 million net loss is a warning signal to Bahamian trade unions not to make unrealistic demands or engage in the threatened three-day national strike, a leading businessman believes.
'Snowball rolling' as new brokerage accounts double
A leading investment house has doubled the number of brokerage accounts it opens monthly, its president likening increased capital market interest to “a snowball rolling down a hill”.
'Crack open' the Bar: Views from both sides of the door
It is often stated by foreign attorneys, and recently by some Bahamian attorneys, that the Bahamas suffers from not opening its doors to foreign law firms in an increasingly interconnected and global world.
Union: No CIBC lay-offs likely before September
THE Bahamas Financial Services Union (BFSU) does not foresee any redundancies at CIBC FirstCaribbean International Bank (Bahamas) before September 30, its president expressing concern over the outsourcing of decision-making authority in the commercial banking industry.
Colina generates 27% investor profit rise
Colina Holdings (Bahamas) yesterday said a strong 2014 first quarter had generated a 27.2 per cent increase in net income attributable to ordinary shareholders, with total assets growing $14.8 million in three months.
Bahamian firms 'hurt own bottom line' with no employee pension
BAHAMIAN employers who do not offer staff company-sponsored pension plans are ultimately “hurting their own bottom-line”, a world-renowned personal finance expert has warned.
Fidelity profits rise 46% despite licence 'tripling'
Fidelity Bank (Bahamas) shrugged off a “tripling” of its licence fees to post a 46 per cent year-over-year comprehensive income increase for the 2014 first quarter, and enjoy “a big boost” in its return on equity.
Cable adviser scoldsmanagers on US$ miss
Cable Bahamas’s financial adviser yesterday expressed “disappointment” that institutional asset managers had failed to deliver on indications they would place between $10-$18 million US dollars into the company’s private placement, having invested a paltry $100,000 to-date.
