BFSB has planned a 10-day promotional trip to 4 Latin American countries, starting November 5 and continuing through to November 14. The delegation will visit Argentina, Uruguay, Chile and Brazil.
Commonwealth Bank has opened its newest branch on Wulff Road, a $5 million state-of-the-art banking facility. At the Official Opening, Finance Minister William C. Allen commented that the investment demonstrates the Bank’s commitment to the growth of the Bahamian economy. Minister Allen saw The Bahamas firmly placed on a “sustainable path of economic growth and … Read More
AM Best, an international organisation engaged in insurance firm rating, has awarded an “excellent” rating to Bahamas First General Insurance Co. The evaluation included a comprehensive review of quantitative and qualitative aspects of BFG’s management, financial data, and reinsurance programmes.
Bahamas On-Line, subsidiary company of Systems Resources Group (SRG), is introducing a series of products in line with global technology advances. The first such product is ERoam, an internet roaming service allowing users to access the Internet and their email almost anywhere in the world. This has extended the company’s internet access network to more … Read More
During April Commonwealth Bank became the first Bahamian Company to place its IPO prospects on line – at www.commonwealthbankltd.com. The Bank launched an Initial Public Offering in April, with the goal of significantly increasing its subscriber base, and reported the initiative a success. With $1/2 billion dollars in assets, the Bank’s capital now stands at … Read More
Benchmark Publishing has launched the first ever local digital Yellow Pages Directory. The Directory is national in scope – including business listings indexed by professions, goods and services for the entire Bahamas. Country statistics are included as well. Yellow PagesPlus will be available to users and subscribers over the Internet at the company’s website (see … Read More
The Insurance Institute of The Bahamas held its inaugural meeting recently, with elections of officers scheduled during May. This is the first Bahamian institute for insurance industry employees, with chief priorities identified as “education and establishment of high professional standards for members”. The Institute is an initiative of The Insurance Professionals Association, working with the … Read More
The Telecommunications Act 2000 came into force on March 25 (see earlier news item). The Public Utilities Commission has assumed responsibility for the licensing and regulation of Batelco – as well as for the licensing and regulation of all public utilities and providers of Internet services in The Bahamas.
“The Bahamas plans to maintain its international reputation as a clean, well regulated jurisdiction, hostile to money laundering or any other financial crime” Governor-General Sir Orville Turnquest, Speech From The Throne, March 29 Opening of Parliament “The Bahamas is poised to deliver sophisticated services during a critical and demanding new era for the global financial … Read More
Thirty-eight of the 43 shareholders of the Bahamas International Securities Exchange attended an Extraordinary Shareholders Meeting on March 22. At that time, the shareholders selected the BISX Board of Directors from a slate of 19 nominations. The 15-strong Board comprises Gregory Bethel, President, Fidelity Merchant Bank and Trust Co. Ltd; Franklin Butler, Sir Milo Butler … Read More