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THE impact of current trends in risk management and pension governance will be at the forefront of discussions at this year’s Caribbean Actuarial Conference.
NAI BAHAMAS chief executive, Larry Roberts, is attending the organisation’s regional conference in Bogota, Colombia.
RoyalStar Assurance yesterday said Hurricane Sandy would wipe out about 22 per cent of its projected 2012 profits, its managing director estimating total insured claims would come in at $4 million on a “net book” basis.
Building a brand-new “world class” hospital to replace the Princess Margaret (PMH) facility demands a $750 million to $1 billion investment, a sum requiring that it be done via a “four-pronged” development strategy.
Bahamas First’s president yesterday estimated that Hurricane Sandy would generate $30-$35 million in total insured losses for the Bahamian property and casualty market, with both his company - and the overall industry - looking at sums equivalent to “50-60 per cent” of Irene levels.
The Bahamian chief executive-elect of a $1 billion company yesterday told Tribune Business that it was examining several potential real estate development projects in this nation, adding that his achievement showed “ordinary people can do extraordinary things”.
LABOUR and National Insurance Minister, Shane Gibson, yesterday said any decision on the fate of National Insurance Board (NIB) director Algernon Cargill was “not a Cabinet issue at this time”, adding that he wss considering whether an independent auditor be brought in to investigate the allegations against him.
New car dealers, banks and insurance companiesl filled Grand Bahama’s Circle Mall last weekend for the annual Auto Show.
THE process of obtaining building permits was yesterday described as difficult and frustrating by a well-known Bahamian contractor, who told Tribune Business that more transparent policies and procedures would help.
MINISTER of Agriculture and Marine Resources, V. Alfred Gray, said yesterday that he would raise the issue of granting a 30-day extension to the grouper season in Cabinet.
Fidelity Bank (Bahamas) yesterday said its net income to end-September remained 37 per cent above 2011 comparatives, despite some mortgage borrowers defaulting in hopes of benefiting from the Government’s mortgage relief plan.
In my last article I explained how my son and I were developing a product based on the old Gary Halbert principal: Work as if someone had a gun at your head and they were going to pull the trigger, unless you came up with a saleable product within 72 hours.
Some 52 per cent of Bahamian contractors are suffering from a lack of private sector and government projects, the issue being cited as one of the greatest challenges to their “survivability”.
Architects yesterday said their reform proposals would bring the Bahamas’ building permitting process “in line with first world countries”, one telling Tribune Business it was currently taking six months to obtain such approvals.
MARIO’S Bowling and Entertainment Palace chief, Leslie Miller yesterday added his voice to calls for the Government to ban copper exports, adding that such thefts had cost him $150,000-$200,000.
The Government has taken “a major backward step” by axing a 25-year water franchise agreement for western New Providence, a former utilities minister yesterday warning the move could “further burden” Bahamian taxpayers.
A former Water & Sewerage Corporation chairman yesterday described the royalties it would have earned from the axed western New Providence water franchise agreement as “peanuts”, arguing that the state-owned utility should instead be the retail supplier for that area.
The first surgical procedures have taken place at Doctors Hospital’s newly-opened Bahamas Medical Centre in western New Providence.
By Ian Ferguson
In its Charter for Governance, the then-opposition Progressive Liberal Party (PLP) promised that if elected, in its first 100 days, it would: “Hold a referendum of the general Bahamian population to determine whether it is the desire of Bahamians to legalise the numbers business.
The Bahamas Real Estate Association’s (BREA) president yesterday backed government plans to involve the private sector in building inspections, arguing that it would relieve development “log jams” and create new revenue streams for licensed professionals such as architects and engineers.
ONE of Abaco’s oldest law firms is celebrating its 10-year anniversary by giving back to the community in a major way.
Consolidated Water’s bid to supply western New Providence with water via a $7 million joint venture investment has been thrown into jeopardy, after the Water & Sewerage Corporation ruled that the 25-year franchise agreement underpinning the deal was “null and void”.
Baha Mar has “bidded out” more than $230 million worth of work to Bahamian contractors, a senior executive telling Tribune Business the developers had spent “almost one-third” of the project’s $3.5 billion construction budget.
The Government is aiming to “instutionalise” an approvals process that “meets 90 per cent of the needs of investors” coming into the Bahamas, a Cabinet minister telling Tribune Business that “hundreds” of proposals were before it.