Search results for : bahamas bank
March 23, 2012
Financial experts debate govt capital works expenditure
Several heavyweights in the realms of public and private finance recently weighed in on the government's massive investment in capital infrastructure over the past five years, with some questioning how it will ultimately benefit the Bahamian people.
March 23, 2012
Laing: 1.3B in borrowing was necessitated by global financial crisis
More than $1 billion has been borrowed since the Free National Movement (FNM) took office in 2007, a move that State Minister of Finance Zhivargo Laing defended and called necessary in order for The Bahamas to sustain itself during the global financial crisis.
RBC celebrates World Water Day
March 22, 2012
RBC celebrates World Water Day
RBC Royal Bank is inviting organizations across The Bahamas to apply for a Blue Water Project Community Action Grant today, which is officially designated as World Water Day. Any not-for-profit organization that is involved in preserving or conserving the fresh water resources of The Bahamas is encouraged to apply.
March 22, 2012
Govt signs agreement with IDB to strengthen small business sector
Small and medium-sized enterprises (SMEs) are critical players in the Bahamian economy, and that's why close to $700,000 will be invested within the next two years to strengthen this sector, Guardian Business can confirm.
April 29, 2024
Record-Breaking Participation and Fundraising for UBFIT 2024
In the largest ever outpouring of support for UBFIT Nassau to date, over 700 walkers, runners, bikers, and skaters recently participated in the 5K, 10K and 15K race courses through the streets of Nassau in support of health, wellness, and higher education.
March 06, 2012
Review Of The Nassau Road Improvement Project And Related Government Spending
Mr. Speaker:
This is the second Report of the Public Accounts Committee. Your Committee prepared an Interim Report which dealt with issues raised in the Auditor General?s 2009 Annual Report, challenges faced by the Department of the Auditor General and matters related to the continuous failure of the Auditor General to certify the national Accounts and matters related to the Treasury Department...
February 09, 2012
Financial services is constantly evolving - and so must you
Industry position: Deputy Managing Director, Andbanc (Bahamas) Limited, Director of Association of International Banks & Trusts.
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Final applications push IPO beyond 40M
February 09, 2012
Final applications push IPO beyond 40M
Applications from government employees and those on the Family Islands have pushed APD Limited's hotly anticipated initial public offering (IPO) beyond the $40 million mark.
With mountains of applications finally starting to dwindle, placement agents CFAL and Providence Advisors must now begin the arduous process of returning more than $30 million to retail and institutional investors.
February 03, 2012
Bahamas Speed Week Revival donates more than 40K to local charities
NASSAU, Bahamas -- Two months after Bahamas Speed Week Revival brought more than 40 classic and modern racing cars to Nassau from around the world, the organization is presenting four local charities with a generous donation raised at the Gala Banquet and Auction of Promises sponsored by Pictet Bank & Trust.
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Survey: Region takes hit on business confidence
February 02, 2012
Survey: Region takes hit on business confidence
Top accountants and senior executives across the Caribbean are losing their confidence in both the regional and global economy, according to a recent survey.
The comprehensive report, conducted by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA), includes nearly 4,000 professionals from around the world.?
January 26, 2012
Payment Systems Bill Debate Notes - State Minister Zhivargo Laing
NOTES BY THE HON. ZHIVARGO LAING
MINSTER OF STATE, MINISTRY OF FINANCE ON THE
PAYMENT SYSTEMS BILL 2011
Of nature and men
January 21, 2012
Of nature and men
It's been some time since Bahamian master artist John Beadle has held a solo show -- so long, in fact, that he can't quite place his finger on when it might have been, if ever.
PLP: FNM to blame for tourism decline
January 05, 2012
PLP: FNM to blame for tourism decline
The Ingraham administration's failure to publish distinct visitor expenditure numbers for 2008 through 2011 is an attempt to mask the tourism sector's continued decline in performance, charged the Progressive Liberal Party (PLP) in a statement yesterday.
BDB Delinquent Accounts Hover at 60
January 03, 2012
BDB Delinquent Accounts Hover at 60
Delinquent accounts are still hovering around 60 percent at the Bahamas Development Bank (BDB), according to a leading executive at the company, looking to turn a new leaf in 2012 with a heavy-duty approach.payments."
Domestic Bank Profitability up 4.3
January 03, 2012
Domestic Bank Profitability up 4.3
Profitability for banks in The Bahamas increased by 4.3 percent according to the latest Central Bank quarterly report, growing by $2.7 million to $65 million.
Tax Reform Needed
December 31, 2011
Tax Reform Needed
Given the fiscal performance of the economy over the past few years and especially in the midst of the global recession, it has become increasingly clear that the days of relying on customs duties for the majority of the government's revenue are rapidly coming to an end.
Bahamas Allows Guns in Piracy Defense
December 12, 2011
Bahamas Allows Guns in Piracy Defense
Piracy in the Gulf of Aden and off the Somali coast may seem a world away from The Bahamas, but with the fifth largest ship registry in the world, reaction to the scourge presents its own risks and potential liability to the country.
COO steps down at UBS Bahamas
December 07, 2011
COO steps down at UBS Bahamas
UBS Bahamas is parting ways with its Chief Operating Officer (COO) Ramzi Zuraikat - a shift not expected to impact customer services, according to a spokesperson.
Alabama Pilot's Nightmare May Help Save Coral Reefs
December 06, 2011
Alabama Pilot's Nightmare May Help Save Coral Reefs
Twenty-five years ago, on December 4, 1986, Walter Wyatt's plane crashed in the waters of Cay Sal Bank, a remote area between Cuba and The Bahamas.? It sank almost immediately.
Carnival sparks 'elaborate approach' in GB
December 06, 2011
Carnival sparks 'elaborate approach' in GB
Carnival Cruise Lines has committed to 70 additional stopovers in Freeport for 2012, Guardian Business can reveal, which is expected to stimulate investment in an economy searching for a spark.
Teslyk eyes growth in private banking arm
December 06, 2011
Teslyk eyes growth in private banking arm
With next year's one to two-and-a-half percent economic growth forecast for The Bahamas, Scotiabank (Bahamas) Limited is gearing up for a competitive 2012 with increased wealth management services in its plans for meeting shareholder expectations.
Guiding the ship in unpredictable waters
December 06, 2011
Guiding the ship in unpredictable waters
Ian D. Fair has been involved in the financial services industry in The Bahamas since 1969. He is currently deputy chairman of Butterfield Bank (Bahamas) Limited and chairman of Bahamas First Holdings Limited, the largest general insurer in The Bahamas.
Fidelity declares dividend as profits spike
November 30, 2011
Fidelity declares dividend as profits spike
After nearly two years without dividends, shareholders of Fidelity Bank (Bahamas) Ltd. (FBB) can look forward to an estimated $0.07 per share next week following the bank posting $3.18 million in net income for first three quarters of 2011.
Success Stems From Putting The Clients' Needs First
November 17, 2011
Success Stems From Putting The Clients' Needs First
Industry position: Vice President, EFG Bank & Trust (Bahamas) Ltd.
November 16, 2011
Spirit of the Islandz Art Competition to offer 1800 in cash prizes
Nassau, Bahamas - Attention all graphic designers, painters, digital painters, printmakers and photographers!
BOB Books 3.7M Profits Amid Expansion
November 16, 2011
BOB Books 3.7M Profits Amid Expansion
The Bank of The Bahamas (BOB) recorded $3.66 million in net income available to common shareholders for its 2010/2011 fiscal year, down 26.0 percent from the previous year as a credit loss expenses spike swallowed up strong growth in operating income.
Wu: 100M Chinese tourists by 2015
November 14, 2011
Wu: 100M Chinese tourists by 2015
A senior executive from The China Business Network says up to 100 million Chinese will be travelling abroad by 2015, Guardian Business has learned, and significant cooperation will be needed to secure the Caribbean's slice of the pie.
Courage Is A CEO's Greatest Attribute
November 14, 2011
Courage Is A CEO's Greatest Attribute
What is the biggest challenge facing your business or sector? What measures need to be taken in The Bahamas to solve it?
Riviera Champions Bahamian Worker
November 14, 2011
Riviera Champions Bahamian Worker
What does it take to build a 1.25-mile road? In the case of the Bahamian Riviera, the new expressway circumventing Baha Mar, it meant 600 Bahamian road workers, $100 million in total spend and? 14,000 related employment opportunities since ground breaking.
Festival Noel to Sparkle
November 11, 2011
Festival Noel to Sparkle
One can always count on fantastic local art being showcased at the Bahamas National Trust's annual fundraising event, Festival Noel, in Freeport, Grand Bahama.
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