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My son and I began working on an information product on Thursday night. Our challenge was that by Monday afternoon we would have a completed product, a sales funnel and, if possible. some actual sales.
The Bahamas Financial Services Board’s (BFSB) directors yesterday elected officers for the 2012-2014 period. They are:
The Bahamas’ oldest florist yesterday announced it was looking to sell its current Shirley Street premises after 60 years and move to a new location.
The Bahamas’ information and communications technology (ICT) sector generated revenues of almost $450 million or 5.7 per cent of the country’s total GDP in 2011, a Utilities Regulation and Competition Authority (URCA) executive said yesterday.
THE BAHAMAS’ high Customs tariff rates could be seen by as a barrier to trade by international organisations, a senior financial executive said yesterday, noting that the Government had to look at alternative revenue streams.
THE Utilities Regulation and Competition Authority (URCA) is close to completing its investigation of the Bahamas Telecommunications Company’s (BTC) summer network outage.
Fidelity Bank & Trust International (Fidelity) has named Jennifer P. Dilbert, to its Board and those of its subsidiary companies with effect from December 6, 2012. She will replace Hugh Sands, who is retiring from the Board.
The National Insurance Board (NIB) is “considering” whether to make an offer to acquire the former City Markets headquarters building on the East-West Highway, Tribune Business can reveal, a development that could benefit the former supermarket chain’s pension beneficiaries.
While the Bahamas will continue to rank among the world’s worst when it comes to the ease of registering property unless it moves to a “registered title system” and reduces its reliance on Stamp Tax derived from real estate transactions, an attorney said yesterday that the situation was “not alarming”.
HIGGS & JOHNSON hosted its annual client seminar on 18 October under the theme ‘Changing Times: Ensuring Success in a New Era’.
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”.
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.
Bahamian Fred Perpall has been named chief executive of the Beck Group, the Dallas-based full services provider in the planning, architecture, interior design, construction and sustainability consulting sector, with effect from January 1, 2013.
The Government is awaiting release of a detailed second Intergovernmental Agreement (IGA) model by the US before it decides how the Bahamas, and its financial services sector, should comply with the Foreign Account Tax Compliance Act’s (FATCA) reporting requirements.
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The Bahamian hotel industry has “recouped” almost 50 per cent of 4,000 confirmed Hurricane Sandy-related room night cancellations, while remaining optimistic that devastation in its key US east coast market will not impact peak Christmas and winter bookings.
The Government will not permit the Bahamas Petroleum Company (BPC) to drill an exploratory oil well prior to a referendum, a Cabinet Minister telling Tribune Business he was aiming “to advance” a regulatory regime for the industry by the 2013 first quarter.
The Bahamas has been urged “not to throw the baby out with the bath water” on protecting domestic producers in a liberalised trade environment, a well-known economist calling on it to use current “breathing space” to boost local firms’ competitiveness.
A Bahamian insurer currently believes its Hurricane Sandy-related claims will be 50 per cent of what it incurred from Irene in 2011, telling Tribune Business it was eyeing $3 million as its “ultimate estimate”.
A Bahamian broker/dealer yesterday said the fact it had been fined less than 20 per cent of the $1.6 million penalty sought by Canadian regulators “spoke volumes” to the strength of its case, as took another shot at the Securities Commission’s “highly questionable” decision to hand over information on its clients.
Succession planning is critical for the sustainability of family-owned businesses and the overall economy, a senior Bahamas-based KPMG executive noting that these companies accounted for about 70 per cent of the private sector.
FAMILY-owned businesses should look to employ an outside practitioner to help manage their complex internal relationships, the head of a prominent Bahamian company telling Tribune Business: “The family dynamic is very different from a regular business.”
The Bank of Butterfield selected Nassau as the location for a key meeting between its trust business leaders. The Bermuda-headquarterd bank’s trust business development forum was held at its offices in the Montague Sterling Centre.
The BAHAMAS Commercial Fishers Alliance (BCFA) president said yesterday that he did not envision fishermen objecting to exports to the Dominican Republic, telling Tribune Business that any new market was good for the industry.
The Government needs a central point for revenue collection to rationalise 30 existing intakes, a key Ministry of Finance official adding that some $200 million worth of tax concessions were granted annually.