GB Power buy-out: ‘This is beginning, not end, of fight’
OPPONENTS of the GB Power buy-out yesterday warned the utility’s owner: “Don’t count your Depository Receipt chickens before they’re hatched” despite investor approval for the deal.
Financial services industry honours leading performers
THE Bahamian financial services industry honoured many of its leading professionals at the Excellence Awards Gala Dinner, held on November 3 at Atlantis.The awards programme, introduced in 2001 by the Bahamas Financial Services Board (BFSB) as a part
IAN FERGUSON: Striking the right note for working harmony
MUSIC is said to be the universal language. Bars, notes, chords, rhythms and beats somehow have the ability to transport us into another world and emotional state of being. It influences the way we communicate, and most understand its immense power i
IDB unveils $35m coastal upgrades
THE Inter-American Development Bank (IDB) yesterday announce it has approved a $35 million loan to enhance the Bahamas’ resilience to coastal risks.The programme will finance shoreline stabilisation and coastal flooding control measures on Grand Baha
IDB approves Long Island airport study
THE Inter-American Development Bank (IDB) has approved a feasibility study for upgrades to Long Island’s main airport, a senior official said yesterday.Maria Florencia Attademo-Hirt, the bank’s Bahamas country representative, told Tribune Business: “
Sandals showcases Bahamas to international media visitors
SANDALS yesterday said its two Bahamian properties have attracted more than 50 international media outlets in 2017, with the pace of visits increasing since the September 2017 hurricanes.Lazar Delorenzo Charlton, public relations manager at Sandals R
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
