Engineers meet DPM
The Professional Engineers Board has met with the Deputy Prime Minister and Minister of Works and Urban Development to update him on the drafting of regulations to accompany the Act overseeing the profession.
Maritime Authority targets Japan, Korea
THE Bahamas Maritime Authority (BMA) is aiming to add ‘quality’ to this nation’s shipping registry, its chairman telling this newspaper that coming off a “well received” Brazil trip last month, the BMA is now targeting Japan and South Korea.
Insurer beats profit projections by 10%
RoyalStar Assurance yesterday said its $4.401 million net income for the 2012 full-year exceeded post-Sandy expectations by 10 per cent, as it vowed to “protect our turf” against increased competitive threats this year.
Fidelity 'turns on a dime' via 67% profit rise
Fidelity Bank (Bahamas) yesterday said its ability to “turn on a dime” gave it a competitive advantage over larger commercial banks, although it conceded it had “taken many years” to deliver 2012’s $6.4 million comprehensive income.
Insurer in $3.5m debt 'swap' with largest investors
A Bahamian insurer has swapped $3.5 million of receivables owed to it by its two largest shareholders for “notes” paying higher interest rates, as it seeks to “plough” liquidity back into the balance sheet following construction of its new $11 million headquarters.
Senator brands National Health plan 'pie in sky'
AN FNM Senator yesterday branded the Government’s comprehensive National Health Insurance (NHI) plan as “pie in the sky” given fiscal realities, and said his previous $750 million annual cost estimate for the scheme was “conservatively low”.
Gov't urged to implement 10% corporate tax
THE Government should consider implementing a corporate income tax at a flat 10 per cent rate, a senior Bahamian accountant said yesterday.
Sandals off-pace at 78% occupancy
SANDALS Royal Bahamian is averaging 78 per cent occupany levels, its general manager said yesterday, adding that despite being off 2012’s pace the resort had been able to hold its position due to the remodelled Balmoral Tower.
Port Authority names new in-house counsel
The Grand Bahama Port Authority has promoted Karla McIntosh to the position of senior legal counsel, with effect from May 1, 2013.
GB Chamber members attend 'Mix n' Mingle'
Private sector members came out to Senor Frog’s for the Grand Bahama Chamber of Commerce’s monthly ‘Mix n Mingle’ last Thursday.
'Wherewithal' for National Health scheme questioned
A former Bahamas Chamber of Commerce head yesterday said the Government was picking the wrong time to introduce National Health Insurance (NHI), and questioned whether this nation had the “wherewithal” to implement it and other major reforms simultaneously.
Insurers briefed on Government e-portal
Members of the Bahamas Insurance Association (BIA) and the Bahamas Insurance Brokers Association (BIBA) are the latest private sector officials to get a firsthand glimpse into the Bahamas’ e-government portal.
Port's 80% efficiency almost tops Caribbean
The Freeport Container Port (FCP) is the second most efficient port in the Caribbean despite having the highest shipping costs per mile, a World Bank study has found.
Seventh Dunkin' to create 30 jobs
Dunkin’ Donuts will create 30 jobs when it opens its seventh New Providence location in the Independence Shopping Plaza this week.
Grand Lucayan operator in talks with reef maker
A US-based underwater attraction developer is in talks with Blue Diamond Resorts over creating an artificial reef world at its Grand Lucayan hotel property, an executive telling Tribune Business yesterday it was “very keen” on developing its product in the Bahamas.
