Disaster fund's $60m levy: 'You can't afford to gamble'
The Bahamas could accumulate over $60 million per year in hurricane “preventative medicine” through a Canadian-led proposal for a disaster recovery fund.Don Maga, principal of The Sand Consulting Group, told Tribune Business yesterday that the 2017 h
Gov't 'can't damage fiscal position' over insurer VAT demand
THE Government cannot “damage our revenue position” in seeking to making catastrophic insurance coverage more affordable, the Deputy Prime Minister said yesterday.K P Turnquest told Tribune Business that the increasing cost of hurricane protection wa
Tourism minister: 'We'll show Americans Fish Fry is safe'
THE Minister of Tourism yesterday pledged to “impress upon the Americans” that Arawak Cay’s Fish Fry is safe, describing Washington D.C’s travel advisory as “much ado about nothing”.A day after expressing concern over the warning not to visit Arawak
Fish Fry vendors fear 'big dent' on US travel advice
ARAWAK Cay vendors yesterday expressed fears that the US travel advisory will “put a big dent” in business volumes that have become increasingly reliant on tourists.Vern Pratt, proprietor of Fish N’ Chips, told Tribune Business the advisory would lik
Jamaican conglomerate enters Bahamas' money transmission business
A publicly-traded Jamaican conglomerate has expanded its Western Union partnership into the Bahamas and pledged to open multiple money transfer locations in 2018.GraceKennedy Money Services, a subsidiary of GraceKennedy Ltd, announced on Wednesday th
Contractors Board is 'shield and a sword'
THE Bahamian Contractors Association’s (BCA) president yesterday promised the industry that its self-regulatory Board will be both “sword and shield”, providing protection for consumers and builders.Leonard Sands, addressing the Rotary Club of West N
'Life and death' fears as 70 nurses exit annually
THE Minister of Health has lamented that the public healthcare system is losing 70 nurses per year to North America and the private sector, undermining its ability to care for the Bahamian people.“What we are looking to do is see how we can modify th
Bahamas must 'adapt to survive' major hurricanes
THE Bahamas must heed the lessons learned from major hurricanes in recent years and “adapt to survive”, a coastal engineer urged yesterday. Carlos Palacious, director of operations at Caribbean Coastal Services, addressing a press conference to promo
Tourism targets 23.5% reduction in 'leakage'
PROMOTING the development of small and medium-sized enterprises could help the Bahamas reduce the “leakage” of 85 cents from every tourist dollar earned, a hotel executive said yesterday.Carlton Russell, the Bahamas Hotel and Tourism Association’s (B
IAN FERGUSON: The model strategy for good planning
MOST businesses begin their planning process three to six months before the start of a new financial year. This identifies its immediate and long-term objectives, and develops and monitors specific strategies to achieve this. Strategic planning used
URCA eases Sebas’s radio delay ‘hardship’
Regulators have moved to ease “the hardship suffered” by Sebas Bastian after the Island Luck chief’s radio launch was blocked by an ongoing court dispute.
Oil explorer's success prospects 'four times' better than average
A BAHAMAS-based oil explorer has received “a great endorsement” from independent experts who confirmed its chances of success are at least four times’ higher than the industry average.Simon Potter, Bahamas Petroleum Company’s (BPC) chief executive, t
BDB offers as 'vehicle' for Ministries' goals
THE Bahamas Development Bank (BDB) plans to offer itself as a “vehicle” through which government ministries can realise their goals in industries such as tourism, agriculture and culture.Lynden Nairn, the bank’s chairman, told Tribune Business that s
No 'show stoppers' on Grand Lucayan deal
THE Government will respond to the Wynn Group’s Grand Lucayan Heads of Agreement (HOA) proposal by week’s end, a source saying: “There aren’t any show stoppers yet.”Tribune Business sources familiar with the deal’s progress, speaking on condition of
Gov’t misses URCA ‘Holy Grail’ on GB Power deal
THE Government has missed its “Holy Grail” by failing to tie approval of the $35 million GB Power buy-out to the utility “subjecting itself” to URCA’s regulation.
