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Business

 
Brazilian firms to arrive in 2013
The Ministry of Financial Services expects Brazilian financial institutions to officially set up shop in Nassau by the end of this calendar year. Latin America has often been seen as a lucrative frontier for the country's second pillar of the econom...
 
 
Govt snubbing locals in aviation reform
A well-known airline executive believes government is not properly consulting Bahamian industry professionals on the establishment of a Civil Aviation Authority. Randy Butler, the CEO of SkyBahamas, applauded the government for its "radical" approac...
 
 
BCA launches key training program
The Bahamian Contractors Association (BCA) has launched an aggressive training program designed to certify up to 400 of the country’s contractors. The Bahamas Technical and Vocational Institute (BTVI) and the BCA have teamed up to offer an intensi...
 
 
BCCEC backs locally-owned casino
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has endorsed the first Bahamian-owned casino in the country. On the heels of preliminary approval for Lucaya Entertainment Limited in Freeport, BCCEC's top executive insisted that t...
 
 
SCB appoints Miller to head of surveillance
The Securities Commission of The Bahamas (SCB) announces the appointment of Velma Miller as the manager of its Market Surveillance Department, effective Monday, May 13, 2013. Miller, a Bahamian, holds a bachelor’s degree in banking and finance and...
 
 
Thompson named anti-money laundering coordinator
The following is a statement by the Government of The Bahamas regarding the appointment of Stephen Thompson as anti-money laundering coordinator. The Bahamas continues to play an integral role in the international financial services sector by creati...
 
 
BTC’s voicemail update set for weekend
Bahamas Telecommunications Company (BTC) announced today that a voicemail upgrade will ‘go live’ overnight on Saturday, May 18 when the existing BTC voicemail platform transfers to a new and improved one that is more user-friendly, versatile and ...
 
 
Sands joins with Freeport casino
The Bahamian Brewery and Beverage Company has signed on to be the poster child for the first casino in The Bahamas owned by local investors. Preliminary design plans show Sands beer, brewed in Grand Bahama, serving as a key corporate brand for the F...
 
 
Bahamas pushes ‘radical’ aviation reform
It's put up or shut up for the Bahamian aviation industry. In a bid to radically improve standards, regulations and efficiencies, the lifeblood of this archipelagic nation will separate the regulatory functions of the industry from the operational f...
 
 
Distillery to buy Buena Vista from NIB
John Watling's Distillery is set to purchase the multimillion-dollar Buena Vista manor from the National Insurance Board (NIB) to "control its destiny". The historic site, more than 200 years old, has traded hands many times over the centuries and r...
 
 
Auto payment at pumps sparks layoff fears
Gas retailers are welcoming the addition of automated payment at the pumps, but warned RUBIS not to lay off workers that depend on the stations for employment. As part of the French multinational's revamp of its 20 gas stations in The Bahamas, autom...
 
 
Strong demand for smart phones
Bahamas Telecommunications Company (BTC) executives are seeing a demand for smart phones from their customers and expect the growth in this market to continue “We have seen quite a lot of our customers purchasing smart phones.  It has become ...
 
 
Halsbury draws curtain on living wills
Of all the things Bahamians pay attention to – politics, talk shows, what's hot in fashion,  cool in music, new in smart phones and viral on YouTube – one critical area is woefully overlooked and too frequently shunned. That area, say top at...
 
 
Z10 hopes to entice ‘BlackBerry nation’
The Bahamas Telecommunications Company (BTC) has added BlackBerry Z10 to its products line, which executives believe will fill a void for many of its customers. BTC currently has 15,000 prepaid BlackBerry customers. Alphanique Duncombe, the companyâ...
 
 
RUBIS to revamp retail offerings
RUBIS plans to reopen several gas stations across the county and redesign all of the convenience stores as part of a nationwide campaign later this year. The French multinational, which acquired Chevron's interests in The Bahamas last year, also pla...
 
 
Former MP clashes with February Point
A former member of Parliament (MP) on Exuma believes that investors in February Point should provide full disclosure before receiving any approvals. George Smith, who served as MP on the island for nearly three decades, suggested that U.S. developer...
 
 
Windsor plant rival claims major disrepair
A former chairman of the Water and Sewerage Corporation (WSC) claims the Windsor plant has fallen into a state of disrepair at the hands of its operator. Don Demeritte, who is also a spokesperson for a Bahamian group of investors seeking to enter th...
 
 
Pinder stresses focus on human capital
Financial Services Minister Ryan Pinder says there will be a greater focus on human capital as The Bahamas continues to identify new opportunities, products and markets. Pinder, who spoke yesterday at the Bahamas Institute of Financial Services (BIF...
 
 
MoT seeks greater ties with UAE
The Ministry of Tourism is looking to expand its reach by attracting business from the United Arab Emirates. Following his participation in the second annual United Nations World Tourism Organization and Arabian Travel Market Ministerial Forum in Du...
 
 
D’Aguilar addresses packed GB luncheon
Yet another relevant and exciting speaker was brought in by the Grand Bahama Chamber of Commerce for its monthly luncheons when Dionisio D’Aguilar addressed over 70 attendees at the packed event held late last week. D’Aguilar, a well respected b...
 
 
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