Local Business


Credit bureau to bring initial 'pain, discomfort'

THE Credit Bureau’s creation could ultimately enable banks to release pent-up liquidity and improve their lending confidence, the Bahamas Institute of Chartered Accountants (BICA) president said yesterday.Gowon Bowe, who hailed the Government’s tabli

Broker: 'Business grows' despite harassing SEC

A BAHAMIAN broker/dealer’s principal yesterday said “business keeps growing” despite continued “harassment” by US regulators, who claim his local activities give “daily opportunities” to violate the law.Guy Gentile, head of Swiss-America Securities,

J. S. Johnson profits 'dampened' by 40%

HURRICANE activity slashed J. S. Johnson’s profits by 40.4 per cent net for the nine months to end-September 2017, with its underwriting affiliate suffering a $2.58 million ‘swing’.The BISX-listed insurance broker and agent told shareholders that its

Fisheries chief calls forend to Act 'loopholes'

THE introduction of a new Fisheries Act is “long overdue”, the Bahamas Commercial Fishers Alliance’s (BCFA) president yesterday saying the current law has numerous “loopholes”. “This is something that is long overdue, no doubt about it,” said Adrian

Credit bureau benefits will take 'a few years'

THE Central Bank’s governor yesterday said the benefits from creating a credit bureau will take “a few years to materialise” given the data gathering that will be required.John Rolle, in e-mailed replies to Tribune Business questions following Wednes

$750m bond rate proves Bahamas 'holding its own'

A senior accountant yesterday said the 6 per cent interest rate attached to the Government’s $750 million bond showed the Bahamas is “holding our own”.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) president, told Tribune Business

IAN FERGUSON: Customer feedback is vital to your success

MOST executives today recognise the importance of the customer’s voice. Our global and local corporate environments have become so competitive that we are forced to daily carve out a new template for what makes our companies unique and relevant. Cust

Near-15% growth boost if collateral bar slashed

The Bahamian economy will enjoy a 15 per cent GDP growth surge if lenders reduce collateral requirements for business borrowers to world minimum levels.

Bank of the Bahamas reveals 30 lay-offs

BANK of the Bahamas (BOB) yesterday confirmed around 30 jobs will be lost as part of its bid to return to sustained profitability following recent branch closures.

Ex-minister: $750m bond to ‘slow economic growth’

A FORMER finance minister yesterday warned that the Government’s $750 million bond could “slow down economic growth” by further increasing the banks’ $1.7 billion in excess liquidity.

Christie Gov’t breached ‘Budgetary allowance’

THE Deputy Prime Minister yesterday accused the Christie administration of breaching its Parliamentary-approved spending limits, revealing he had to defend its actions before international investors.

Government drafts new Fisheries Act

A Cabinet Minister yesterday said a new Fisheries Act has been drafted, and is now being prepared for submission to the Cabinet. Renward Wells, minister of agriculture and fisheries, made the revelation while addressing Parliament yesterday. “A new F

BTVI outfitted for renewable courses

A BAHAMIAN renewable energy provider has begun to outfit the Bahamas Technical and Vocational Institute (BTVI) to offer solar courses.Philip Holdom, president of Alternative Energy Supply, and chief technology officer of Sustainable Energy, is readyi

Bahamas urgedto combat businessease negativity

THE Bahamas must move to combat international perceptions that it is much slower and expensive to do business in this country, a prominent attorney warned yesterday. Christel Sands-Feaste, a Higgs and Johnson partner, while speaking on a panel at the B

Tough questions needed at Cable Bahamas' AGM

TONIGHT, Cable Bahamas holds its first annual general meeting (AGM) in 16 months. Shareholders should come prepared to ask the tough questions that management is doing its best to avoid.Cable Bahamas’ management says it has a good story to tell. Whil