Union chief '110% confident' in Govt on Grand Lucayan
A trade union leader has expressed “110 per cent confidence” in the Minnis administration’s ability to resolve the year-long Grand Lucayan impasse.Michelle Dorsett, whose Commonwealth Union of Hotel Services and Allied Workers represents the resort’s
Web shop legalisation may 'decimate' financial services
The Bahamian financial services industry could be “decimated” if global regulators ever wake-up to how the web shop industry was legalised, a businessman said yesterday.Paul Moss, Dominion Management Services’ president, told Tribune Business that th
Baha Mar gets top marketing honours
Baha Mar yesterday said it had received Gold and Silver honours for excellence in destination marketing at the 2017 Travel Weekly Magellan Awards.Baha Mar’s ‘grand opening’ campaign was recognised with a Gold Award in Destination Marketing – Advertis
Bahamas' strong attendance at STEP conference critical
The Bahamas’ focus on private wealth management meant a strong presence at this year’s STEP Latin America (LATAM) conference was essential, a local executive said yesterday.More than 20 persons from the Bahamas attended the Society of Trust and Estat
'Terrible' connectivity undermines southern Bahamas' tourism
Tourism activity in the southern Bahamas has “definitely been down”, the Bahamas Out Island Promotion Board’s (BOIPB) executive director yesterday blaming this on “terrible” airlift connectivity. Kerry Fountain told Tribune Business that the Board wi
Real estate duo team to give 'Elite' service
Two real estate veterans have teamed up to offer international clients a special experience when acquiring Bahamian real estate.Silvina Andrews and Ana Elisa Wassitsch came up with Elite Properties Bahamas while developing ideas on how to better serv
Bahamian passes securities exam
Michael Reckley has passed the Canadian Securities Course (CSC) after studying with the Nassau-based Securities Training Institute (STI).Bettina Albury, STI’s general manager, said: “Our CSC workshops provide financial professionals with knowledge of
IMF: Bahamas bank fees rise up to 186%
Bahamian banks have increased fees for cross-border transactions by as much as 186 per cent over the last five years, due to growing pressure on their international ties.
Oil explorer's boost for 'faster' farm-in partner conclusion
A Bahamas-based oil explorer’s push for a “faster” conclusion to its joint venture partner search has been boosted by industry developments impacting the Caribbean.Simon Potter, Bahamas Petroleum Company’s (BPC) chief executive, told Tribune Business
General insurers fear Govt 'over-regulation'
Bahamian general insurers fear the Government will “over-regulate a risk that doesn’t exist” with proposed changes to anti-money laundering regulations.Senior executives told Tribune Business they wanted to ensure the Minnis administration “thinks be
Hotel Corp bids to 'aggressively sell' last resort property
The Hotel Corporation is moving “to aggressively sell” its last-remaining resort property, and complete the 25-year process to cease Government ownership in the hotel industry.Dionisio D’Aguilar, minister of tourism, told Tribune Business that the Go
Bran: BPL, Water no disconnect lists a ‘damn disgrace’
The Democratic National Alliance’s (DNA) leader has slammed as a “damn disgrace” the ‘do no disconnect’ lists at BPL and the Water & Sewerage Corporation, recalling how one of his businesses was almost cut-off over a $100 balance.
Bahamas takes STEP to boost its presence
More than 25 Bahamians were present at the Society of Trust and Estate Practitioners (STEP) annual Latin America (LATAM) conference last week, which was sponsored by the Ministry of Financial Services and Bahamas Financial Serviced Board (BFSB).The
Revised GDP numbers no cause for rejoicing
A top accountant yesterday said there was no rejoicing in the Bahamas’ “positive but lacklustre” 0.2 per cent GDP growth in 2016, arguing that 4-5 per cent nominal annual expansion is needed to dent unemployment.Gowon Bowe, the Bahamas Institute of
Irma gives Acklins reform opportunity
There has been much talk, in the wake of Hurricane Irma’s destruction, about the current state of the southern Family Islands and their future development prospects. Salina Point in southern Acklins was particularly hard-hit by the storm, with evacua
