Govt wants ‘zoning’ triggers for regional hurricane payouts
The Government wants to renegotiate the way payouts from a Caribbean disaster insurance facility are triggered by dividing the Bahamas into zones, it was revealed yesterday.
‘Extreme concern’ over Grand Lucayan silence
A Freeport attorney yesterday said he was “extremely concerned” about the Government’s renewed silence on the Grand Lucayan, urging: “They’ve got to take the bull by the horns.”
Some ‘leading stores’ on price gouge list
The Price Control Commission’s (PCC) chairman yesterday said some “leading supermarkets” will be included in its report to the Government on pre-Irma ‘price gouging’.
Irma hits 80% of Bahamas’ marina market
Bahamian marinas are concerned that Hurricane Irma’s strike on Florida could impact 80 per cent of their market, although most reported no storm-related damage themselves.
Resort boost occupancy via 40% price reduction
Sandyport Beach Resort is using a 40 per cent room rate reduction promotion to boost occupancy during the slowest part of the Bahamian tourism season.Cheralda Arnett, its assistant manager, said the website promotional code-word ‘secret’ unlocks the
Bahamas improves in financial centre rankings
The Bahamas Financial Services Board (BFSB) yesterday touted this nation’s improvement in an index of global financial centres, even though it remains adrift of major Caribbean rivals.The 22nd Global Financial Centres Index (GFCI), published by Z/YEN
Budding entrepreneurs discover fertile landscape
Getting fired was the best thing that ever happened to Marc-Arnold Christophe and Ryan Ferguson.Their terminations gave them the freedom and spark to launch their own business, True Green, a landscaping company.The 23-year-olds met in 2012, at their
Minister queries BuildCode enforcement
The Minister of Works yesterday said he will review the Building Code and its enforcement, as many Irma-demolished buildings were not built to withstand hurricane force winds.Desmond Bannister told Tribune Business that he was “very concerned” follow
Minister to revive BTVI partnership
The Minister of Labour has pledged to revive his ministry’s partnership with the Bahamas Technical and Vocational Institute (BTVI), in a bid to improve its graduates’ employment prospects.Dion Foulkes was speaking after BTVI’s president, Dr Robert W.
CIBC worker passes compliance course
A client service officer at CIBC FirstCaribbean’s corporate and investment banking unit, Jensen Curry, passed the Canadian chief compliance officer qualifying exam after studying with the Nassau-based Securities Training Institute (STI).Bettina Albur
DPM optimistic 'no long-term' Irma effect
The Government has decided against emergency borrowing to finance Hurricane Irma-related repairs, the Deputy Prime Minister confirmed yesterday.K Peter Turnquest, who is also minister of finance, told Tribune Business that any repairs to homes, busin
‘Realities so grim’ if no action on Moody’s
The Government is “almost compelled” to improve the Bahamas’ fiscal and economic performance, a top insurer said yesterday, because “the realities are so grim” if it fails.
Minister: Tourism ‘dodged a major bullet’ with Irma
The Minister of Tourism yesterday said the Bahamas’ main industry had “dodged a big bullet” from Hurricane Irma, and should be able to rebound “very quickly”.
BAMSI ‘opens new market’ through Irma preparations
BAMSI yesterday said it had minimised Hurricane Irma’s potential impact through early harvesting, revealing the storm had cost it just 8-10 per cent of its banana and papaya crops.
Bahamas gets $234k from Caribbean disaster facility
The Bahamas will receive a $234,000 Irma payout from the Caribbean disaster insurance facility that the Christie administration previously withdrew from, it was revealed yesterday.
