Cable builds US 'mirror image' via new $24m deal
Cable Bahamas yesterday unveiled its third Florida acquisition within three months via its $24 million purchase of a Caribbean Crossings “mirror image”.
MARKETING REVOLUTION: How friendships can work for you
When I entered business school in 1987 I remember our orientation meeting very well.
Scotia chief: No bad loan rebound until ‘early 2015’
Scotiabank (Bahamas) managing director yesterday predicted the commercial banking sector would not see a “sustainable recovery” in its $1.2 billion non-performing loans pile until early 2015, with his own institution’s retail/personal credit arrears rate running around 20 per cent.
'Extremely disappointed' on City Markets payout
LABOUR Minister Shane Gibson said yesterday he was “extremely disappointed” that more than 300 former City Market employees had not yet received their severance packages.
Inventory fraud still 'a big thing'
INVENTORY theft is list the most common fraud witnessed in the Bahamas, the Association of Certified Fraud Examiners (ACFE) local chapter presidnt said yesterday, adding that Bahamian companies must have the necessary controls in place to prevent this.
Tourism Association unveils new logo
The Bahamas Hotel and Tourism Association (BHTA) has unveiled its new logo design at the organisation’s 60th Annual General Meeting (AGM), following the recent name change from the Bahamas Hotel Association.
Markets await $150m in capital raisings
With more than $150 million worth of finance raisings set to come to market next year, a leading investment banker yesterday said 2013 could be “the best year ever” for the Bahamian capital markets.
Bahamian firms' fears over PHA supply 'travesty'
A senior Chamber executive last night said it would be “a travesty” if Bahamian medical and pharmaceutical equipment suppliers were excluded from bidding on contracts associated with the Princess Margaret Hospital (PMH) expansion, with the sector seeking a “level playing field” and “transparent, open” process.
Banking sector alarm on Homeowner's Bill tabling
The Bahamian commercial banking industry was yesterday reacting with alarm to indications that the Homeowners Protection Bill tabled in the House of Assembly contained few, if any, of the recommendations it made to “protect the integrity” of the financial system.
'Major jewels' hit spurs bank into 15% consumer loan share
Bank of the Bahamas International yesterday confirmed it had joined the industry trend of focusing on higher-yielding consumer loans, growing these to 15 per cent of its portfolio after the recession hits its “major jewels in the crown”.
Realtor unveils 'relocation' team
With relocating ranked as one of life’s three most stressful events, a Bahamian real estate firm is taking the pain out of being uprooted by guiding clients from first encounter to final detail.
Atlantis staff tour brewery
Atlantis food and beverage managers have toured the Bahamian Brewery and Beverage Company (BBB), a move that will help them promote the beers the resort sells.
Accountant joins KRys Global's Bahamian office
Vanice Thomas-Erskine has joined the Bahamas office of KRyS Global, the corporate asset recovery, insolvency, forensic accounting and business advisory specialist.
Butterfield emphasises trust focus with name
The Bank of Butterfield has changed the name of its Nassau-based subsidiary from Butterfield Bank (Bahamas)to Butterfield Trust (Bahamas).
A history of the Bahamian dollar
We may see and touch our national currency on a daily basis, but are you aware of what goes on behind the scenes to create and manage the flow of the banknotes and coins that we call our own?
