Cable unveils dividend restart within one year
CABLE Bahamas expects its growth strategy to start paying off for shareholders in less than a year’s time, although it is “not fully satisfied yet” with the returns generated.The BISX-listed communications provider told investors in its newly-release
Gov't faces $900m climate change bill
THE Government has estimated it faces a $900 million bill to mitigate climate change under the United Nations (UN) framework, with the Bahamas facing “accelerated vulnerability” to natural disasters.The scale of the economic and environmental danger
Fly fish chief warns on 'special interests'
THE Bahamas Fly Fishing Industry Association’s (BFFIA) president yesterday accused “special interests” of pressuring the Minnis administration to repeal the sector’s recently-enacted regulations.Prescott Smith confirmed to Tribune Business that “a re
Port operator targets cruise ship expansion
THE Nassau Container Port (NCP) yesterday said it plans to allocate $7.5 million to capital projects and debt repayment, as it eyes diversification into cruise ship services.Michael Maura, chief executive of port operator, Arawak Port Development Com
Realtor partners with Florida airplane firm
A BAHAMIAN real estate firm is teaming up with a Florida-based seaplane outfit to allow clients to explore options throughout the Bahamas “in style”.Gavin Christie, C.A. Christie Real Estate’s managing partner, yesterday told Tribune Business the fir
Morton Salt resumes 'limited operations'
MORTON Salt, Inagua’s largest employer, has resumed “limited operations” following the damage inflicted by Hurricane Irma, Tribune Business was told yesterday.The company, in a statement via its spokesman, Paul Jackiewicz, said: “The Morton Bahamas p
Regulatory uncertainty 'stunts' Bay Street revival
DOWNTOWN Nassau’s revival is being “stunted” by regulatory confusion that is deterring potential developers and financiers, a senior realtor warned yesterday.Charles Christie, C. A. Christie Real Estate’s president, said zoning restrictions - especia
Gov't told: Don't stall on $70m Aliv sell-off
The Government has been warned it will lose investors if it stalls for too long on the $70 million sell-off of its Aliv majority shareholding.Gowon Bowe, one of the proposed private placement’s advisers, told Tribune Business it was vital to maintain
Sands: 'We will not scrap NHI'
SWITCHING $40 million from National Health Insurance to finance essential capital works will not produce taxpayer value, a Cabinet Minister pledging: “We will not scrap NHI.”Dr Duane Sands, minister of health, told Tribune Business that Bahamians wou
Arawak Port: Tough to match 157% profit rise
THE Nassau Container Port’s chief executive yesterday said it “will take something quite significant to repeat” 2017’s 157 per cent profits rise, which received a $1.1 million Baha Mar boost.Michael Maura told Tribune Business that Baha Mar’s remobil
Doctors chief labels $89m public health gap 'a bombshell'
THE Medical Association of the Bahamas’ (MAB) president has described revelations of an $89 million public healthcare funding shortage as “a bombshell”, and “warranting extreme concern”.Dr Sy Pierre told Tribune Business that the problems laid out by
Resort owner: 'We're all in same boat even more'
A Family Island resort operator yesterday stressed that tourism stakeholders must work together for the success of the destination as a whole, while calling for more nature-based offerings.“There are some barriers that we need to get over,” said Jeff
'We have lost our way' in tourism
ANDROS is the “gateway” for Bahamians to truly define themselves and invest in the tourism industry, an industry executive yesterday arguing: “We have lost our way.”Peter Douglas, Andros’s manager for sustainable tourism development, and a presenter
Standards essential to diversifying economy
STANDARDS that verify quality goods and services are essential if the Bahamas is to properly compete with global rivals in rules-based trading regimes, a Cabinet Minister said.Brent Symonette, minister of financial services, trade and industry and Im
Andros 'master plan'unveiled at Outlook
ESTABLISHING linkages between Androsian farmers and resort properties is one of several “quick wins” outlined in the island’s Sustainable Development Master Plan, which creates a long-term road map for investment and economic support.Brett Lashley, p
