Web shop gaming: US urges Bahamas to 'beef up' money laundering regime
The US government has urged the Bahamas to beef up its anti-money laundering safeguards ahead of this year’s impending expansion of casino and web shop gaming, describing the latter as an “illicit” industry that “flourishes” in this nation.
Sun 'n Fun execs set to host fly-out air show in Grand Bahama and Abaco
SUN ‘n Fun executives expect 30-35 persons to participate in a group fly-out to Grand Bahama and Marsh Harbour, Abaco this May. Top executives at Sun ‘n Fun in Lakeland, Florida, are advertising and promoting the Fly-Out to Grand Bahama and Marsh Harbour, scheduled to be held May 23-27 on the landing page of the Sun ‘n Fun website.
BTC targets 40 store franchise roll-out
THE Bahamas Telecommunications Company (BTC) plans to expand its retail footprint with a projected 24-month roll-out of 12-15 franchise stores on New Providence, and 25 in the Family Islands.
Fishermen's concern over oil spillages
The BAHAMAS Commercial Fishers Alliance (BCFA) has expressed “extreme disappointment” that the organisation has not been brought up to-date on several recent oil spills.
Cable unveils GB data centre
Cable Bahamas has unveiled its state-of-the-art Grand Bahama data centre, which is designed to provide commercial clients with histing and business continuity/disaster recovery services.
MARKETING REVOLUTION: Test before you text
I read on CNN the other day that some people are texting in their sleep.
BTC restores Berry Islands services
THE Bahamas Telecommunications Company (BTC) reported yesterday that its services in Bullocks Harbour Islands had been fully restarted, nine days after a an external contractor accidentally caused the collapse of a communication tower.
BEC staring at $40-$50m loss
THE Bahamas Electricity Corporation’s (BEC) executive chairman yesterday revealed the utility monopoly suffered a $12.7 million first quarter loss, telling Parliament this placed it on track to lose $40-$50 million in its 2013 financial year.
LPIA's completion to create 200 jobs
Around 200 full-time jobs will be created when the final stage of Lynden Pindling International Airport’s (LPIA) redevelopment is completed in November, Tribune Business was told yesterday, with tenders for the retail concessions already out to bid.
NAD hits record customer rating
The Nassau Airport Development Company’s (NAD) decision to increase staff levels by 50 workers has paid dividends by driving the airport’s customer satisfaction scores to their highest-ever level, its new chief executive said yesterday.
Scotia eyes 'flat' 2013 as new loans decline 7%
Scotiabank (Bahamas) is expecting a “flat to lower” net income performance for 2013, its managing director yesterday revealing that new loan volumes dropped 7 per cent year-over-year for 2012.
Recurrent imbalance rose 1.7% pts in slump
The Government’s recurrent account “imbalance” grew by a sum equivalent to 1.7 per cent of GDP during the former Ingraham administration’s term in office, the minister of state for finance said yesterday.
Gov't targets strategy for external insurance
FINANCIAL Services Minister, Ryan Pinder, told Parliament yesterday his ministry is preparing to launch a new strategy to position the Bahamas for captive and international insurance business, while adding that the investment fund sector has been identified as having growth potential.
Ex-Minister urges: 'Come Clean' on BEC
BAHAMAS Electricity Corporation (BEC) customers could soon be facing a tariff increase, a former Cabinet minister warned yesterday, telling this newspaper that they would inevitably be burdened with bringing the Corporation out of its financial “tailspin”.
Contractors seek board changes to stop 'politicisation'
The Bahamian Contractors Association (BCA) yesterday said it wants to change the Board that will regulate the sector to one that has a majority of industry, as opposed to government, appointees in a bid to eliminate any possibility of political interference.
