Local Business


Milo Butler Group eyes more growth

The Milo Butler Group of Companies and its third-generation managing director are continuing to eye expansion opportunities as he celebrates his first year in charge.Damian Butler has guided the company through two retail store openings, expanded his

RBC mortgage lender 'not where we need it'

ROYAL Bank of Canada’s (RBC) mortgage lending arm “is still not where we need it to be”, the bank’s top regional executive has conceded, despite improvements elsewhere in its portfolio.Rob Johnston, head of RBC Caribbean Banking, said that while the

Manufacturer warning on WTO 'irreparable damage'

Bahamian manufacturers are warning of “irreparable damage” to the sector if current protective tariffs are not maintained when The Bahamas accedes to full World Trade Organisaton (WTO) membership.The Bahamas Light Industries Development Council (BLID

RBC: Bahamas digital usage 'above forecast'

ROYAL Bank of Canada’s (RBC) top regional executive says use of its digital platform in The Bahamas is “well above forecast”, with increasing demand for more availability and functionality.Rob Johnston said RBC’s digital push has been “extremely well

Letter to the Business Editor

Editor, The Tribune.I write to express my deep concern that this country is setting itself up to enter the deepest depression it has ever seen, leaving the majority of the population unable to afford electricity and food.As a long-term resident with

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Fuel bills set to soar

Bahamians must brace for “a very expensive summer”, the Chamber of Commerce’s chief executive warned yesterday, as global oil prices surged to $80 per barrel.

Near 50% of Bahamians 'cannot make ends meet'

Nearly 50 per cent of Bahamians are struggling to “make ends meet”, the Central Bank revealed yesterday, with monthly earnings “usually insufficient” to cover their living costs.The regulator, unveiling an analysis of its Financial Literacy Survey 20

BPL ‘ambitious’ to beat gov’t refinancing target

Bahamas Power & Light’s (BPL) chairman yesterday said it aims to beat the Government’s 2019 first quarter refinancing target, amid delays in accessing $100m in short-term credit.

Chief WTO negotiator: Business reform must 'move a lot quicker'

The Bahamas’ chief WTO negotiator yesterday backed calls for “ease of business” reforms to move “a lot quicker”, but reiterated this was no reason to delay the planned 2019 accession.Raymond Winder told Tribune Business that obtaining full World Trad

IMF warns over 'education quality'

The Bahamas needs to rapidly improve “the quality of education” if is to reduce structural unemployment and improve its competitiveness, the IMF has warned.The International Monetary Fund (IMF), in its latest Article IV report, said progress in impro

IAN FERGUSON: Vital performance tools for employee evaluation

Performance appraisals are instruments used to evaluate an employee’s job performance in terms of quality, quantity, cost and time. There are many benefits to using these tools for pinpointing exactly where employees are in their level of functioning

Gov'ts drive to make unions 'more efficient'

Bahamian trade unions must avoid “procedural errors and missteps” that could lead to litigation, the Director of Labour yesterday disclosing: “We’re trying to make them more efficient.”Robert Farquharson was speaking as the Department of Labour’s Reg

Bahamian achieves aviation sector first

A third-generation member of an aviation-loving family says he has become the first Bahamian to obtain a Masters of Laws degree (LL.M.) in International Aviation.Keith Major Jr joined Maktoom Al Wahaibi, who was achieving a similar “first” for Oman,

Fiscal Responsibility: 'More teeth' needed

The Fiscal Responsibility Bill needs “more teeth” against governments that consistently breach its targets, an anti-corruption watchdog argued yesterday.Lemarque Campbell, of Citizens for a Better Bahamas, the local Transparency International represe

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Atlantis enjoys 'strongest Q1 in many years'

Atlantis has enjoyed “one of the strongest first quarters in many years”, its top executive revealing that business is “well ahead” of 2017 numbers.Audrey Oswell, pictured, the Paradise Island resort’s president and managing director, told Tribune Bu