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The Bahamas Financial Services Board (BFSB) has announced a partnership with Livemocha, the world’s largest language learning service, which offers online language courses to over 14 million members from all countries.
THE Bahamas has been added to MasterCard Worldwide’s ‘Priceless Cities’ global platform, with the credit card company annoucing its ‘Find Your Way’ programme had evolved into ‘Priceless Bahamas’.
A niche Bahamian telecommunications operator yesterday said it planned to triple staff numbers by 2012 year-end, as it moves to ‘ramp up’ ahead of an expected 25 per cent year-over-year revenue increase in 2013.
An FNM Senator yesterday said Wall Street’s latest outlook downgrade for the Bahamian economy was “not inevitable”, and could have been prevented if the Christie administration had taken proactive action to tackle this nation’s fiscal crisis
A rival telecommunications provider yesterday said it was “100 per cent behind” plans to cut the Bahamas Telecommunications Company’s (BTC) call termination rates by up to 60 per cent, telling Tribune Business the proposed 2 cents per minute slash for 2013 was “a beautiful thing”.
A BAN on conch exports will not “collapse” the fishing industry, the Bahamas Commercial Fishers Alliance (BCFA) president said yesterday, adding that the organisation backed efforts to preserve a population that generated 1.6 million pounds in recorded landings last year.
An author of the report that placed the Bahamas among eight nations with a 100 per cent perfect Know Your Customer (KYC) compliance record yesterday told Tribune Business that the findings “should be an important defence” against further G-20/OECD attacks on this nation.
THE Bahamas Telecommunications Company (BTC) has initiated a 10-day “trade-in” campaign aimed at ridding the country of some 2,300 outdated cellular phone models.
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The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman said yesterday that the private sector was concerned that any further downgrade in the Bahamas’ economic outlook could potentially make this jurisdiction a less attractive place to do business.
The Bahamas still has “the highest” sovereign credit rating in the Caribbean despite Wall Street’s ‘negative’ outlook on the Government’s finances, a leading analyst yesterday saying this nation was performing well “in a global context”.
“Very alarming” survey results have revealed that the Bahamian conch population is being driven to extinction, the Bahamas National Trust’s (BNT) executive director yesterday saying this would have a “very detrimental economic impact” on hundreds of people.
Wall Street last night forecast that the Bahamas’ net government debt would hit 45-47 per cent of GDP by 2013-2014, a double digit rise in three years, as one rating agency slashed its economic outlook on this nation to ‘negative’.
The Government is planning to release its Tax Reform White Paper for public consultation next month, a key Cabinet Minister yesterday telling Tribune Business the Government was “up to the task” of avoiding a further sovereign credit downgrade.
TOURISM Minister Obie Wilchombe yesterday the Government was “modifying” Bahamasair’s takeover of Vision Airlines’ service to Grand Bahama, telling Tribune Business the $4-$5 million outlay demanded from his Ministry was simply too high and “not paying the dividends”.
The Government will on Thursday meet with business stakeholders to further develop its economic strategy, a Cabinet minister telling Tribune Business that the private sector was “key to driving the recovery”.
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Doctors Hospital’s Bahamas Medical Centre is about a week away from full operations, the BISX-listed company’s president yesterday telling Tribune Business $1.5 million had been pumped into the Blake Road facility that is expected to be a “key player” in its international patient business.
More than 200 Financial and Corporate Services Provider (FCSP) representatives and other stakeholders attended two Securities Commission briefings to update the sector on its regulatory direction.
THERE has been “minimal” impact thus far for the Bahamas’ international tourism reputation over the botched Atlantis heist, Tourism Minister Obie Wilchcombe said yesterday, telling Tribune Business: “It hurts the Bahamas any way you put it.”
The Bahamian capital markets are gearing up for a busy fall/winter season, Tribune Business has been informed, with both the Public Hospitals Authority (PHA) and Grand Bahama Power Company seeking multi-million dollar financings.
THE Bahamas is among just eight nations whose financial services providers achieved a 100 per cent Know Your Customer (KYC) compliance score in establishing ‘shell companies’, giving the jurisdiction’s regulatory and integrity reputation a major boost.
A BAHAMIAN boat/yacht broker has been on a continuous “upswing” since entering the niche just 18 months ago, its founder telling Tribune Business that with “30 per cent” of residents owning a vessel the sector had “huge potential”.
THE Government must ensure a minimum 25 per cent equity stake in Bahamas Food Services (BFS) is sold to the Bahamian public if it approves the company’s purchase by Sysco, a prominent businessman also warning it to guard against a food wholesale monopoly.
ROYAL Caribbean Cruise Lines’ new Fall 2013 route from New Orleans to Nassau could inject an extra $2.7 million in passenger spending into the Bahamas, a Ministry of Tourism official telling Tribune Business the additional calls could bring in nearly 25,000 passengers.