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This is an excerpt from Chart of the Day as it appeared on December 12, 2012. For updates or to read the current version of this post in its entirety, please click here.

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Prime Minister Perry Christie will present the Cabinet with the choice of one of two questions to be put to the electorate during the referendum on gaming to be held in the New Year. Watch an interview with Christie here.
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Although Scotiabank (Bahamas) Ltd income statements are posting an improvement year on year, on most business fronts profit margins remained flat save for a strong showing from the bank’s wealth management division.

Scotiabank’s managing director Kevin Teslyk (pictured) made the disclosure Tuesday during an informal press luncheon.

Teslyk couldn’t provide specifics as the bank is in the middle of its audit. The company’s fiscal year ends October 31. The bank intends to formally present its financial statement to the board by late January, early February.

“On paper the results from an income statement perspective will show an improvement year over year as a result of extraordinary activities or action we took in 2011, when we took some incremental provisions for credit losses against the residential mortgage portfolio, normalizing or averaging that out,” explained Teslyk, who took up his current post 18 months ago.

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KRyS Global, a corporate asset recovery, insolvency, forensic accounting and business advisory services firm, recently welcomed Vanice Thomas-Erskine into its Bahamas office.

Prior to joining the firm, Thomas-Erskine worked as a senior accountant with a local accounting firm for four years. At KRyS Global she has been heavily involved in the insolvency and forensic accounting service area.

Vanice has over 20 years of experience as a business proprietor providing financial and management accounting services to clients.

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OLDWICK, N.J.–(BUSINESS WIRE) — A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings of “a-” of Bahamas First General Insurance Company Limited (BFG) (Nassau, Bahamas) and Cayman First Insurance Company Limited (CFIC) (Cayman Islands). The outlook for the ratings of BFG is stable, while the outlook for the ratings of CFIC has been revised to stable from negative. Both companies are subsidiaries of Bahamas First Holdings Limited (BFH) (Nassau, Bahamas).

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Crews are cleaning up roughly 70,000 gallons of fuel that spilled during an attempted theft at a power company facility in the Bahamas.

This is an excerpt from Claims Journal/AP as it appeared on December 11, 2012. For updates or to read the current version of this post in its entirety, please click here.

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Bringing remarks on behalf of the Ministry of Tourism, Minister of Transportation and Aviation Glenys Hanna-Martin told hospitality industry graduates that the number of visitors to the nation will be around six million by the end of this year, a five per cent increase year on year.
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Guy Harvey: Sharks in the Bahamas from Guy Harvey TV on Vimeo.

Nature artist, entrepreneur and marine scientist Guy Harvey has lauded efforts by The Bahamas to protect the resident shark population from commercial fishing. Watch an interview with Harvey here.

DIVERS at the 2012 freediving world cup in the Bahamas probably had other things on their minds than taking in the beautiful scenery of the picturesque bay.

The competitors took their lives in to their own hands as they dived without air, with some reaching depths of more than 100 metres in the contest.

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This is an excerpt from The Nation as it appeared on December 10, 2012. For updates or to read the current version of this post in its entirety, please click here.

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Left: President of The College of The Bahamas, Betsy V Boze, greets Dr Barbara Rodgers-Newbold, head of open campus country site, University of the West Indies, during a courtesy call at COB December 5. (BIS Photo/Letisha Henderson)

Below: Governor-General Sir Arthur Foulkes (seated centre) recently welcomed the Board of Directors of the Caribbean Confederation of Credit Unions for a courtesy call at Government House. (BIS Photo/Letisha Henderson)