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Buddy provides spark off bench

Recruited to provide instant offense off the bench for the Oklahoma Sooners, Buddy Hield delivered an impressive debut performance in his introduction to Division I College basketball.

Renewable energy penetration under 2%

Laws to regulate net metering and/or net billing could lead to increased alternative energy installations in the Bahamas, a local provider estimating that renewable penetration in this country was only around 2 per cent.

Brewery 'driving by numbers plan'

Commonwealth Brewery has matched the interim $0.25 per share dividend it paid out to its 3,000 shareholders in 2011, its managing director telling Tribune Business that it expected 2012’s final quarter to also go “according to plan”.

Benchmark in 2013 'income' warning

Benchmark (Bahamas) yesterday warned investors to expect a “reduction in income”in 2013, due to the pending liquidation of one of its key clients.

Arawak Port beats its volume target by 1,000

The Nassau Container Port’s throughput volumes were 1,000 ahead of expectations during its 2012 fourth quarter, Tribune Business was told yesterday, with shipping companies reporting up to a 30 per cent improvement in vessel turnaround time from the new facility.

Men's national volleyball team needs about $7,000

THE Bahamas Volleyball Federation men’s national team, still basking in their success as the champions of the Caribbean Volleyball Championships in the US Virgin Islands earlier this year, are in desperate need of about $7,000 to travel to the first round of the 2014 World Qualifying Tournament.

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.

Oil drilling and exploration in the Bahamas

DESPITE a long history of exploration in The Bahamas, the substantial risks of petroleum exploitation only gained prominence following the worst oil accident in history – the Deepwater Horizon blowout in the Gulf of Mexico in 2010.

Lewis launches campaign for BAAA presidency

Former two-time Olympic sprinter turned architect Iram Lewis has officially launched his campaign for the presidency of the Bahamas Association of Athletic Associations. And, in the process, he has gained the support of businessman Harrison Petty.

UBS staffer wins award as Smart Funds double

Brian Jones has been chosen for the Bahamas Financial Services Board’s (BFSB) Financial Services Development and Promotion Award 2012 for developing the Qualified Investor Fund - the Smart Fund Model 007 (SFM007).

Bank's equity investors see 60.7% income drop

Bank of the Bahamas International’s shareholders have seen a 60.7 per cent decline in net income available to them from the 2012 financial year, largely due to increases in preference share dividends and loan loss provisions.

Getting the fine details correct

Owning a business can be like navigating a small yacht through a tropical storm that threatens to snap the masts, or take out the sails. On other days when things are going better, managing a firm effectively can be more a matter of subtle changes of direction as the market shifts. Here are my thoughts on this.

Speed Week unveils $1m economic impact

Bahamas Speed Week’s organisers yesterday said that despite themselves incurring financial losses, its inaugural revival - after a 48-year hiatus - last year pumped more than $800,000 into the Bahamian economy.

Suns' tourney winds down

THE Temple Christian Suns’ third annual Gold Trading Primary Boys and Girls Basketball Tournament will wind down today at the Temple Christian Academy Gymnasium.

'Remarkable change' inlatin views of Bahamas

A Bahamian financial services provider yesterday said he had seen a “remarkable” turnaround in Latin American client perceptions of this nation, adding that “there’s never been a bigger opportunity” to attract new private banking/financial services business.

Former minister releases essay on oil exploration

FOLLOWING a series of public presentations by the Bahamas Petroleum Company and the government’s relative silence on the matter since the election, former environment minister Earl Deveaux has released an essay he hopes will “explain the complex nature of the subject and inform public discussion about the choices and decisions that must be made.”

Illegal Gambling in the Bahamas – A Pastoral Reflection

GIVEN the extensive engagement of Bahamians in illegal gaming, as entrepreneurs and players and the government’s decision to hold a country-wide referendum on the issue, it is clear that we are confronting a situation that has led to a crisis of national import.

Taxing times require some serious reform

After years of desultory chat about a new tax structure, the Symposium on Tax Reform, scheduled for October 25-26 at the College of the Bahamas, may actually propel us towards a specific programme of change.

FATCA seminar to focus on inter gov't approach

The symposium on the US Foreign Account Tax Compliance Act (FATCA) will feature a session on the Intergovernmental Agreements (IGA) introduced as a mechanism for implementing compliance with its demands.

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