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CIBC eyes staff tripling at new business unit
CIBC FirstCaribbean is aiming to triple staff levels at its new Bahamian private wealth management unit “in very short order”, a top executive yesterday unveiling ambitions for this segment to account for 25 per cent of the bank’s region-wide performance.
Nathan Bain nominated for McDonald’s All-American honours
WE already know where he will begin his NCAA basketball career, but before he makes that transition, Nathan Bain hopes to end his high school career with a top national honour.
Cellular revenues per user up despite subscriber fall-off
The Bahamas Telecommunications Company’s (BTC) average revenue per user (ARPU) in the cellular market grew by almost 25 per cent in 2013, despite a market that declined slightly in terms of subscriber numbers.
Energy demand to grow 30% by 2030
Bahamian energy demand is likely to increase by 30 per cent come 2030, making it “fundamental” that this nation reduce its dependence on fossil fuels and other foreign sources.
Bahamas IC team to face US for SG Trophy
WITH their fourth consecutive victory coming over the International Team, the Bahamas IC team is all set to meet the US today to decide the winner of The SG Trophy at the Breezes SuperClub tennis courts.
Stand up and be counted (part II)
Recently, I started to write about apathy/complacency of Bahamian citizens and residents. As the article became much longer than I anticipated, I decided to break the topic into two portions to try and ensure that the newspaper would be more likely to accept and publish the presentation.
Bank’s unwitting role in multi-million fraud action
Clients of a Bahamian bank and trust company are suing for more than $1.75 million in damages related to a Chinese real estate investment, in which it allegedly played a “liaison” role.
Stand up and be counted
Why is it that apathy and/or complacency are so predominant in our society today? Is it like the recent Sideburns cartoon illustration where it was mentioned that the nation has an average “D-” in maths and thus are unable to comprehend VAT? However, many of the issues I raise below are not solely targeted at the uneducated or uninformed – these are issues where the educated middle-class should be hollering
SEC blasts broker’s ‘intent to conceal’
A Bahamian broker/dealer’s lawsuit against the Securities Commission proves its “stubborn intent to hide” thousands of documents relevant to a New York court battle, US federal regulators are alleging.
PM has not seen unemployment figures due to China trip
PRIME Minister Perry Christie yesterday said he was not in a position to comment on the latest unemployment figures because he had not seen the latest Labour Force Survey report since his return from China.
‘Unreasonable’ to match VAT and price increases
Businesses should not have timed price increases to coincide with Value-Added Tax’s (VAT) implementation, its Comptroller said yesterday.
5% rise in food assistance to help offset 7.5% rate of VAT
PERSONS receiving food assistance from the Department of Social Services should soon see an increase of as much as five per cent in benefits to offset the introduction of value added tax, Social Services Minister Melanie Griffin said.
Minnis says rise in unemployment is sign of a government of broken promises
FREE National Movement Leader Dr Hubert Minnis yesterday criticised the Christie administration over the latest national unemployment statistics, which show a 1.4 per cent increase despite slight growth in the labour force in the second half of last year.
Miller: Full amount of VAT will not go on BEC bills
BAHAMAS Electricity Corporation customers will not have to pay the full 7.5 per cent value added tax on their light bills, according to BEC Executive Chairman Leslie Miller.
Bahamian bank sued on $8.7m ‘total loss’
Investors are suing a Bahamian bank and trust company over the “total loss” of their collective $8.7 million investment, while also alleging that it misled the Securities Commission.
Unemployment rises by 1.4%
THE unemployment rate rose by 1.4 per cent despite the labour force growing by slightly more in the second half of last year, according to the latest preliminary labour force report released yesterday by the Department of Statistics.
Gov’t urged: ‘Seize moment’ to exit BoB
Shareholders and Opposition politicians yesterday urged the Government to do more to restore “credibility and public confidence” in Bank of the Bahamas, urging it to remove the entire Board and relinquish its majority ownership.
VAT’s 5% increase in food budget for social services
THE Government has approved a 5 per cent increase in the Department of Social Services’ food assistance budget to mitigate the impact of Value-Added Tax (VAT), a Cabinet Minister said yesterday.
Top official challenges Galleria’s ‘distortion’
The Ministry of Finance’s top official yesterday said he could not allow Galleria Cinemas’ assertion that Value-Added Tax (VAT) was responsible for a 17.6 per cent increase in its prices “go unchallenged”.
TOUGH CALL: The maligned crusader standing up for the Bahamian Constitution
YOU have to admire crusading lawyer Fred Smith for his chutzpah and energy in tackling regulatory and human rights abuses that would otherwise almost certainly go unchallenged.
