Search results for : liability
Baha Mar liabilities approximately 2.7B
July 01, 2015
Baha Mar liabilities approximately 2.7B
Approximately $140 million allegedly owed to China Construction America (CCA) under the main construction contract, and approximately $123 million in trade debt.
GBPC seeking to improve reliability
August 25, 2014
GBPC seeking to improve reliability
The Grand Bahama Power Company (GBPC), as part of its transmission and distribution (T&D) infrastructure investments, has launched a preventative maintenance program in communities across the island.
The program focuses on specific areas with a history of power-related issues and also encompasses regular testing and maintenance of key pieces of equipment such as transformers, circuit breakers, bat...
Acquired property debts a 'major liability' of govt
June 10, 2014
Acquired property debts a 'major liability' of govt
Disputes over title to land have contributed to delays in the government paying out money it owes for land compulsorily acquired from Bahamians for public works projects, with this becoming a significant but un-specified liability of the government, Guardian Business has learnt.
In a recent interview, Minister of State for Finance Michael Halkitis described money owed for land as a "big example" o...
Committees reviewing 1.5 bil. in pension liabilities
May 14, 2014
Committees reviewing 1.5 bil. in pension liabilities
The Christie administration has appointed two committees to look into the system that has led to the government accumulating $1.5 billion in unfunded pension liabilities, Minister of State for Finance Michael Halkitis said yesterday.
"We have set up the committees to study reports we have gotten on the state of the government's pension obligations and to begin to formulate options for reform," Hal...
May 01, 2014
NUA Insurance targets 3,000 clients with cyber liability product
NUA Insurance Agents & Brokers is looking to target up to 3,000 clients following the launch of its cyber liability insurance coverage -- a product that offers businesses protection from cyber attacks and other online exposures, such as e-theft.
The company, which is the first to launch this type of coverage, held its launch at the British Colonial Hilton Hotel recently, where a cross section of t...
April 30, 2014
NUA Insurance Targets 3,000 Clients with New Cyber Liability Product
Insurance Company Makes History. NUA Insurance Agents & Brokers is looking to target up to 3,000 clients following the launch of its cyber liability insurance coverage ? a product that offers businesses protection from cyber attacks and other online exposures, such as e-theft...
Insurance company to launch cyber liability product
April 23, 2014
Insurance company to launch cyber liability product
Pointing to a "real risk" of a cyber crime strike on local Bahamian businesses, NUA Insurance Agents & Brokers has launched a new cyber liability product.
The company is taking the view that "if it could happen to Target, it could happen to you".
Over the last Christmas holiday, the popular U.S. retail giant came under fire after it found itself the target of a cyber attack.
Credit and debit card ...
Insurance Company To Launch Cyber Liability Product
April 16, 2014
Insurance Company To Launch Cyber Liability Product
NUA Insurance Agents & Brokers To Offer Coverage Beginning April 24...
April 11, 2014
Govt has 'in excess' of 1 bil. unfunded pension liability
The government has been calculated to have in excess of $1 billion in unfunded pension liabilities which are "growing very rapidly", a top Ministry of Finance official disclosed, suggesting that the government must move to make "critical" reforms to its pension system to slowly chip away at this unsustainable financial position.
Simon Wilson, deputy financial secretary in the Ministry of Finance, ...
The unreliability factor
April 01, 2014
The unreliability factor
My friend, let me commence here today by asking you a very simple question. Are you a reliable person? In other words, when you are asked or instructed to do something, to carry out a certain task, does whomever gave you the instructions have complete confidence in you to carry out their wishes, their instructions? Now, I do sincerely hope that your answer was in the affirmative to that most impor...
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