Florist seeking new home after 60 years
The Bahamas’ oldest florist yesterday announced it was looking to sell its current Shirley Street premises after 60 years and move to a new location.
Cellular monopoly retarding growth, telecoms investment
The Bahamas’ information and communications technology (ICT) sector generated revenues of almost $450 million or 5.7 per cent of the country’s total GDP in 2011, a Utilities Regulation and Competition Authority (URCA) executive said yesterday.
Bahamas tax system 'barrier to trade'
THE BAHAMAS’ high Customs tariff rates could be seen by as a barrier to trade by international organisations, a senior financial executive said yesterday, noting that the Government had to look at alternative revenue streams.
URCA close to BTC probe completion
THE Utilities Regulation and Competition Authority (URCA) is close to completing its investigation of the Bahamas Telecommunications Company’s (BTC) summer network outage.
Fidelity names director to replace Hugh Sands
Fidelity Bank & Trust International (Fidelity) has named Jennifer P. Dilbert, to its Board and those of its subsidiary companies with effect from December 6, 2012. She will replace Hugh Sands, who is retiring from the Board.
NIB 'considers' City Markets HQ purchase
The National Insurance Board (NIB) is “considering” whether to make an offer to acquire the former City Markets headquarters building on the East-West Highway, Tribune Business can reveal, a development that could benefit the former supermarket chain’s pension beneficiaries.
Bahamas' bottom property ranking 'not alarming'
While the Bahamas will continue to rank among the world’s worst when it comes to the ease of registering property unless it moves to a “registered title system” and reduces its reliance on Stamp Tax derived from real estate transactions, an attorney said yesterday that the situation was “not alarming”.
Law firm stages financial seminar
HIGGS & JOHNSON hosted its annual client seminar on 18 October under the theme ‘Changing Times: Ensuring Success in a New Era’.
Bank targeting 30% share increase for electronic services
Bank of the Bahamas International has room to increase its non-credit services’ revenue share by 30 per cent over the next five years, its managing director yesterday saying investments in this area were starting to “pay off” with results trending “upwards”.
J. S. Johnson hit by 56% underwriting fall
A 56 per cent drop in underwriting income from its Insurance Company of the Bahamas (ICB) affiliate slashed J. S. Johnson’s 2012 half-year profits by 14 per cent, with Hurricane Sandy possibly having put paid to hopes of an improved second half.
Bahamian reaches top at major US company
Bahamian Fred Perpall has been named chief executive of the Beck Group, the Dallas-based full services provider in the planning, architecture, interior design, construction and sustainability consulting sector, with effect from January 1, 2013.
Gov’t to approach FATCA IGA with care
The Government is awaiting release of a detailed second Intergovernmental Agreement (IGA) model by the US before it decides how the Bahamas, and its financial services sector, should comply with the Foreign Account Tax Compliance Act’s (FATCA) reporting requirements.
Santander staffer passes the Series 7
Pic e-mailed
Hotels 'recoup' almost 50% of Sandy no-shows
The Bahamian hotel industry has “recouped” almost 50 per cent of 4,000 confirmed Hurricane Sandy-related room night cancellations, while remaining optimistic that devastation in its key US east coast market will not impact peak Christmas and winter bookings.
No exploration well before oil referendum
The Government will not permit the Bahamas Petroleum Company (BPC) to drill an exploratory oil well prior to a referendum, a Cabinet Minister telling Tribune Business he was aiming “to advance” a regulatory regime for the industry by the 2013 first quarter.
