Wednesday, Sep 18, 2019

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NASSAU AND PARADISE ISLAND COULD HAVE RECORD STOPOVER NUMBERS DURING THE EASTER SEASON THIS YEAR, THAT’S ACCORDING TO PRESIDENT AND MANAGING DIRECTOR OF KERZNER GEORGE MARKANTONIS. AT THE SAME TIME, TOURISM OFFICIALS ARE PROJECTING A SLOWER FIRST QUARTER THAN WAS EXPECTED. MARKANTONIS SAID JANUARY, FEBRUARY AND MARCH ARE NOT LOOKING AS”GOOD AS HOPED,”THOUGH HE INSISTED APRIL COULD BRING IN NEW NUMBERS FOR THE MARKET.

WELL, THE WORLD’S LEADING INSURANCE RATINGS FIRM HAS AFFIRMED BOTH THE FINANCIAL STRENGTH RATING AND ISSUER CREDIT RATING OF ROYALSTAR ASSURANCE LIMITED. THE STABLE OUTLOOK FOR BOTH RATINGS IS A GOOD SIGN FOR AN INSURANCE COMPANY IN THE BAHAMAS, ESPECIALLY AS THE GOVERNMENT MOVES TO TIGHTEN THE REGULATION OF THE INDUSTRY, SAYS THE RATINGS AGENCY.

AND FINALLY,THE IDEA OF A GOVERNMENT DEPARTMENT DEDICATED TO THE FINANCIAL SERVICES INDUSTRY HAS BEEN FLOATED IN TALKS AT THE HIGHEST LEVELS OF GOVERNMENT. MINISTER OF STATE FOR FINANCE ZHIVARGO LAING TELLSGUARDIAN BUSINESSTHAT A DEPARTMENT, AS OPPOSED TO A SPECIFIC MINISTRY, MAY BE THE BEST WAY FORWARD. HE ACKNOWLEDGED THAT IT WAS TIME TO MOVE THE DISCUSSION TO HAVING A CORE ENTITY IN THE GOVERNMENT TO DEAL WITH THE FINANCIAL SERVICES SECTOR.

THATS BEEN YOUR C-FAL BUSINESS REPORT. I’M INDERIA SAUNDERS.

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