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Interpol training to help tackle organised crime

BAHAMIAN and Interpol officials opened a two-week training programme yesterday that is expected to enhance the investigational skills of law enforcement personnel in the interdiction of criminal organisations involved in counterfeiting, money laundering, human smuggling and the trafficking of illicit goods, weapons and drugs,

Brewery's concern on VAT 'price disruption'

Commonwealth Brewery has pledged to avoid “severe price disruption” to its Bahamian manufacturing and import operations from Value-Added TAX (VAT), its managing director warning that the reform needed “careful management”.

Insurer beats profit projections by 10%

RoyalStar Assurance yesterday said its $4.401 million net income for the 2012 full-year exceeded post-Sandy expectations by 10 per cent, as it vowed to “protect our turf” against increased competitive threats this year.

TOUGH CALL: A story of speculation in Great Harbour Cay

GREAT HARBOUR CAY, the Berry Islands -- “I call it the knowing. I know what’s going to happen,” 58-year-old Craig Wells confided to me from beneath a raggedy straw hat at the dilapidated beach bar here, just across from the airport terminal.

Central Bank holding $71m 'dormant' funds

The Central Bank of the Bahamas was holding almost $71 million in ‘dormant account’ funds at year-end 2012, having received a further $3.58 million last year.

Take financial services 'to the next level'

The Bahamas must decide whether to take its financial services business “to the next level or watch its current market base erode”, a leading attorney yesterday calling for the industry to develop a ‘Master Plan’.

Companies to blame for oil leaks may face action

CASES might be brought against companies responsible for leaking oil into waters around the Clifton Pier area, lawyer and environmental activist Fred Smith said yesterday.

Work permits: 90% of applications come from Bahamians

Ninety per cent of work permit applications come from Bahamian businesses and individuals, a former Immigration Minister telling Tribune Business that the Government did not understand the need to “run the Bahamas as a business”.

Sports inbrief

BAHAMAS LAW

RICHARD COULSON: My remedy to get economy moving

Several readers have asked me how to “get our economy moving again”.

Stunned reaction to Immigration

Stunned Bahamian businesses yesterday described the Immigration Department’s “raid” at Atlantis as “simply reprehensible”, warning that such actions were counterproductive to the government’s key objectives of economic growth and job creation.

Broker/dealer's 'strong case' for vindication

Attorneys for Gibraltar Global Securities and its principal, Warren Davis, yesterday expressed confidence they would be totally cleared of all charges, and accused US regulators of employing “bullying tactics” against their clients.

Colina's 'new life' after segment's 75% profits reduction

Colina Insurance is set to launch a new individual life “product suite” during the 2013 first half, in a bid to “boost sales volumes” after the segment’s net income contribution dropped 75 per cent in 2012.

Bahamian broker facing SEC lawsuit

A BAHAMIAN broker/dealer and its principal were last night hit with a second Securities & Exchange Commission (SEC) lawsuit in two months, with regulators alleging they had operated “unlawfully” in the US in selling $100 million worth of stocks.

Bahamas 'best positioned' for automatic tax information

The Bahamas is the world’s “best positioned” financial centre when it comes to thriving in an automatic tax information exchange environment, a Cabinet Minister said yesterday.

Bank to ‘sneak’ growth on 38% market share

Commonwealth Bank is targeting a 2013 “revamp” for its Internet banking service that saw an 11 per cent activity increase in 2011, its president yesterday expressing optimism that it could also “sneak” market share growth.

Bank to 'sneak' growth on 38% market share

Commonwealth Bank is targeting a 2013 “revamp” for its Internet banking service that saw an 11 per cent activity increase in 2011, its president yesterday expressing optimism that it could also “sneak” market share growth.

John Beadle gets personal in new solo exhibit

BAHAMIAN visual artist John Beadle is set to unveil his most personal body of work tomorrow night at The National Art Gallery of the Bahamas. The John Beadle Project addresses issues such as fear and insecurity in the Bahamas and begins 7pm.

$5m Blackbeard's Cay upgrade eyes 100 jobs

More than $5 million has been invested in redeveloping Blackbeard’s Cay into an upscale visitor experience that will create 100 jobs, one of its principals said yesterday, arguing that Bay Street “no longer represents the Bahamas”.

Brazilian providers eye Bahamas presence

Brazilian financial services providers are interested in establishing a physical presence in the Bahamas, a Cabinet Minister said yesterday, adding that he wanted to “leverage the success” this nation has had there to crack new Latin American markets.

The Tribune

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