Family Guardianhas top ratingsconfirmed
FAMILY Guardian yesterday saw its top financial strength and creditworthiness rankings affirmed by the insurance industry’s leading global rating agency.A.M. Best confirmed the BISX-listed life and health insurer’s A- (Excellent) financial strength r
Long Island water upgrade eyed for 2018 first quarter
PUBLIC tendering for a long-awaited water supply improvement project for Long Island will begin this month, the island’s MP yesterday revealing work will begin in the 2018 first quarter.
Oil refinery pledges 600 construction jobs at peak
A $4.5 billion oil refinery and storage terminal is “aiming to hit the ground running in the New Year”, with construction set to create between 300-600 jobs “at a single time”.
Island Luck to close all money transfer accounts
A MAJOR web shop yesterday said all customer accounts being used for money transmission will be closed following regulatory concerns expressed by the Gaming Minister.
BPL finance chief targeted by Board for fighting waste
BAHAMAS Power & Light’s (BPL) chief financial officer was victimised for trying to set-up proper procurement processes, amid a culture of “bid rigging” on high-value contracts.
Court president gives industrial peace plea
THE Court of Appeal’s president yesterday pleaded for industrial peace at Baha Mar’s Melia resort, calling for a “good faith” resolution to the long-running dispute over worker gratuities.
‘Strong majority’ votes for GB Power buy-out
A “strong, strong majority” of Bahamian shareholders last night voted to accept the $35 million GB Power buy-out, despite last-ditch arguments that the offer was hugely undervalued.
Downtown co-chair supports ending Prince George 'chaos'
THE Downtown Nassau Partnership’s (DNP) co-chair yesterday backed outsourcing Prince George Wharf’s management, suggesting it would eliminate “chaos” and improve the Bahamas cruise competitiveness.Charles Klonaris, who developed the Elizabeth on Bay
Mortgage restructurer: 'We've seen men cry'
A distressed mortgage restructurer that has seen “grown men cry” during its rescue of “many, many” Bahamian homeowners is urging greater participation by commercial banks.Rosel Moxey, Sunshine Holdings’ vice-president of business development, told Tr
$4.5bn oil refinery for Grand Bahama
THE Government is said to be “embracing” a potential $4.5 billion oil storage terminal and refinery planned for east Grand Bahama, Tribune Business can reveal.Details of the Oban Energies project are buried in a recent presentation by the Central Ban
Juice drink producers: 'Impossible to compete'
BAHAMIAN juice drink manufacturers yesterday said they were still exploring ways to combat the 50 per cent tariff slash for rival imports, one telling Tribune Business: “It’s not difficult to compete; it’s impossible”.Mervin Sweeting Jr, president of
Gov't causes GB Power 'concern' over buy-out
GB Power and its majority investor have admitted to “concerns” over the Deputy Prime Minister’s suggestion that the Government will further review the already-approved $35 million buy-out.Archibald Collins, the Bahamian utility’s chief executive, in
Marinas to 'fly flag' at US boat shows
LOCAL marinas have pledged to “fly the Bahamian flag” at six major US boat shows over the next five months, as this nation bids to become the main offshore location for American boaters. Having just participated in the Fort Lauderdale International
Bahamas eyes $8.1m boost from new airlift
THE Bahamas is expected to gain 19,000 room nights and $8.1 million in annual extra visitor spend through the start of weekly non-stop airlift from Germany.Condor’s service from Frankfurt to Nassau made its return on Monday evening following a nearly
Silver Airways confirms halt to Bimini services
SILVER Airways yesterday said it was working with Bahamian authorities to resume flights into Bimini “as quickly and safely as possible”, confirming it had suspended operations due to an inoperable fire truck.Misty Pinson, director of public relation
