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Insurer: 2013 Profits increase ‘for sure’

J. S. Johnson is targeting a “modest single digit” bottom line increase for 2013, its managing director yesterday saying profits would increase “for sure” given reduced claims losses last year.

Bahamas ‘leaps and bounds’ behind rivals on renewable energy

RIVAL Caribbean nations are “leaps and bounds ahead of the Bahamas” on renewable energy implementation, although one local provider is aiming to close the gap by investing in development of a trained installation workforce.

CIBC in $12.2m downsizing hit

CIBC FirstCaribbean International Bank (Bahamas) has taken a $12.2 million one-time hit over the restructuring plan that will ultimately make 66 staff redundant, with some $5.953 million allocated to severance pay alone.

Gov't urged: 'Walk the talk' over new Immigration policy

A top QC yesterday applauded the Government’s promised ‘user-friendly’ Immigration policy as potentially “a significant game changer” for the Bahamian economy, but warned that this nation now had to “walk the talk”.

High net worth growth of 10% can aid Bahamas

The 10 per cent rise in the collective wealth of the world’s high net worth individuals (HNWIs), which hit $46.2 trillion at end-2012, shows the Bahamian financial services industry still has much to play for.

Majority investor 'seriously concerned' over BISX listee

The majority shareholder of a BISX-listed company yesterday said it was “seriously concerned” that the value of its multi-million dollar investment is being steadily eroded, following a $2.607 million net loss for the year to end-September 2012.

'Internal brain drain'costs Bahamas $3.5bn

The Bahamas is losing nearly $3.5 billion to the “internal brain drain” caused by low worker productivity, a well-known eye doctor yesterday arguing this was having a greater economic impact than the loss of 61 per cent of tertiary-educated Bahamians to jobs abroad.

International arbitration centre plans moving ‘full steam ahead’

Plans towards the establishment of The Bahamas as an international commercial arbitration centre are moving “full steam ahead”, Minister of Financial Services Hope Strachan said yesterday.

Two-destination Cuba travel 'bit of a stretch'

A 'two-destination' travel arrangement that would see visitors to Cuba also travel to the Bahamas could be a “bit of a stretch”, the FNM's deputy leader believes.

BFSB makes Landfall in Miami and Europe

BFSB makes Landfall in Miami and Europe The Bahamas Financial Services Board's (BFSB) main promotional event is set to make Landfall in Europe and Miami in June, as it seeks to educate intermediaries and their high net worth clients on what this jurisdi

City Markets job fear

City Markets job fear By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net TENSIONS remain high as 400 City Market employees are still unsure about the future of their jobs. According to Rosalie McKenzie, Bahamas Commercial Stores, Supermark

Digital B$ provider eyes 3% banking profits rise

The digital Bahamian dollar’s technology provider believes its roll-out can increase bank profits by three percent despite its US counterpart’s dominant role in circulating currency. Simon Kim, managing director of NZIA Ltd, speaking at the Project

New VAT policy to aid Abaco & Grand Bahama

PRIME Minister Dr Hubert Minnis announced a new VAT policy for Abaco and Grand Bahama yesterday to assist with rebuilding efforts.

Ayton: 'Respect us'

The Sacramento Kings finally got into the win column while the Phoenix Suns became the only 4-0 team in the NBA restart at the ESPN Wide World of Sports Complex in Orlando, Florida.

Bahamas targeting mega yacht market

Ministry of Tourism officials drove the message that The Bahamas is open for business post-Dorian to high net worth attendees at the recent Monaco Yacht Show.The event, which took place from September 25 to 28, featured more than 600 exhibitors and 1

Govt raises permanent residency mark to $1m

A top realtor yesterday hailed as “a positive move” the Government’s decision to increase the permanent residency investment threshold to $1 million, saying this would help to redefine the type of clientele the Bahmaas attracts.

Gibson: NIB board will carry on

NIB MINISTER Shane Gibson yesterday insisted that the board of the nation’s social security net will carry on with its duties in the absence of a chairman.

'Sochi under the sun' as Exuma hosts mini Olympics

THE Bahamas, and Grand Isle Resort & Spa in Great Exuma, shared an unusual world first last week when professional hockey players, Olympians and hotel guests faced off in a road hockey game on the tiny island of Farmer’s Cay.

Atletico Madrid wins Euro league title

BUCHAREST, Romania (AP) -- Radamel Falcao decided the Europa League final for the second year in a row, scoring twice in the first half Wednesday to lead Atletico Madrid to a 3-0 victory over Athletic Bilbao in an all-Spanish matchup. Atletico captured its

Foreigner takeover

It’s happening now on Mount Pleasant Village Park. Foreigners have taken it over all day long - without permit!

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