QC: ‘Let there be light’ on GB Power buy-out
A prominent QC yesterday pledged to investigate “the rhyme and reason” behind the Grand Bahama Power Company buyout, and urged: “Let there be light.”
Bahamian compliance specialist addresses gambling vulnerability
A BAHAMIAN compliance specialist has educated Jamaican bankers and financial services providers on how to prevent money laundering in the gaming industry.Cheryl Bazard, for a third year, was invited to present at Jamaica’s annual Anti-Money Launderin
Chamber launches banking fee survey
THE Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday launched its own survey on banking fees in response to private sector complaints.Edison Sumner, its chief executive, told Tribune Business: “The Chamber will be launching a
$35m GB Power buyout 'win-win for all'
A Canadian utility has branded its near-$35 million offer to buy-out all Bahamian shareholders and acquire 100 per cent of Grand Bahama Power Company as “a win-win for all”. Emera, responding to Tribune Business’s questions, said the proposal was ta
Let Bahamians drive 35% East, West End electricity cost drop
THE Government is being urged not to renew Grand Bahama Power Company’s East and West End supply agreements, an advocacy group head arguing there is a Bahamian group that can replace it at 35 per cent lower costs. Pastor Eddie Victor, the Coalition
IMF's 'well-managed' financial contraction findings premature
THE IMF is premature in its conclusion that the Bahamas has “managed” the financial sector’s contraction well, a senior attorney warning of further job losses and consolidation to come. Michael Paton, a former Bahamas Financial Services Board (BFSB)
Activists 'absolutely oppose' 100% GB Power takeover
AN outspoken advocacy group will today warn the Prime Minister of its “absolute opposition” to Emera’s potential acquisition of 100 per cent of Grand Bahama Power Company (GBPC). Pastor Eddie Victor, president of the Coalition of Concerned Citizens
Web shops: Banks 'fell down big time'
WEB shops have filled the money transfer void because commercial banks “fell down big time”, a Chamber of Commerce director is arguing. Roderick Simms, chair of the Chamber’s Family Island division, told Tribune Business that the banks failed to pro
Roberts steps down as Bahamas Realty chief
BAHAMAS Realty has announced that W. Larry Roberts, a two-term president of the Bahamas Real Estate Association (BREA), has stepped down as its vice-president and chief executive after a career that spanned nearly half-a-century. Mr Roberts will rem
E-procurement system to launch in December
THE Government expects to roll-out its electronic procurement tendering system by mid-December 2017, according to its main co-ordinator. Daniel Ferguson, who heads this part of the Public Financial Management and Performance Monitoring Reform projec
Labour Dept tackling Club Land 'Or pay
THE Minister of Labour says the Government is seeking to resolve “numerous complaints” from Club Land ‘Or staff about back pay owed to managers and line staff. Dion Foulkes said his Ministry had met with the general manager and one of the owners of
Gov't not targeting IMF's $70m slash
THE Government is not targeting the IMF’s recommended $70 million wage bill slash, the Deputy Prime Minister said yesterday, but it must right the Bahamas’ “upside down” economy. K P Turnquest told Tribune Business that the Minnis administration will
AG: Bahamas 'riding behind competitors' in financial services
THE Attorney General yesterday lamented that “riding behind our competitors” had caused “incalculable” damage to the financial services industry, accusing the former government of failing to act on tax information exchange changes.Carl Bethel QC, add
IAN FERGUSON: 'Glass half full' mentality key for corporate leaders
By IAN FERGUSONTODAY’S article focuses on simple, practical steps leaders can take to have a greater impact in their workplace and effect change in the lives of those they lead.1. Demonstrate care each day. Team members need assurance daily that you
BDB chair: 'Days of $50k hand-outs over'
THE Bahamas Development Bank’s (BDB) chairman yesterday pledged to tighten lending protocols, adding: “The days of giving someone $50,000 and saying: ‘Go get it done’ are gone”.Lynden Nairn told Tribune Business that the BDB had little choice but to
