Companies told: 'Don'ttake Irma for granted'
The Chamber of Commerce’s chief executive yesterday urged businesses to take “all precautions” to protect their assets ahead of Hurricane Irma, warning: “We can’t take this storm for granted”.Edison Sumner told Tribune Business: “Given the experience
'Lost' crawfish season fear from Irma impact
Bahamian fishermen fear the 2017-2018 crawfish season could be “lost” if Hurricane Irma significantly impacts this nation.Keith Carroll, the Bahamas Commercial Fishers Alliance’s (BCFA) vice-president, yesterday said that just a month into the season
Building suppliers enjoy 'brisk' pre-Irma business
Building supply merchants yesterday described business as “quite brisk” due to the pre-Hurricane Irma sales rush, noting that Bahamians were being far more proactive this year.Anthony Roberts, purchasing manager at City Lumber, told Tribune Business
Minister slams ‘reprehensible’ cruise line threat to operators
The Minister of Tourism has slammed as “reprehensible” the threat by a major cruise line to terminate Bahamian tour operators’ contracts if they direct-sell to passengers without its permission.
Irma: Govt fearing ‘major financial blow’
The Government was last night fearing Hurricane Irma will inflict “another dramatic financial blow” to the Bahamian economy, matching Matthew’s $600 million damage from a year ago.
Banks to be ‘more hands on’ over $1bn bad loans
The Central Bank’s governor is expecting commercial banks to make a “more hands on” effort to tackle their $1 billion non-performing loan pile.
Bahamians warned: ‘Terrific returns equal terrific risks’
Bahamians must realise that “terrific returns equal terrific risk” to protect themselves against fraudulent investment schemes, the Central Bank’s governor has warned.
Fyre Fest bankruptcy: Bahamian creditors ‘unlikely to benefit’
Bahamian creditors are unlikely to benefit from the Fyre Festival being ordered into bankruptcy, Exuma’s Chamber of Commerce chief believes.
Sir Franklyn targeting $10m Jack’s Bay raise
RoyalFidelity has been hired to raise $10 million in financing for Sir Franklyn Wilson’s partnership with Tiger Woods in the Jack’s Bay development, Tribune Business can reveal.
BOB’s threat to Govt ‘contained for now’ - Moody’s
The Government has “contained for now” the fiscal dangers represented by the $300 million-plus Bank of the Bahamas (BOB) bail-out, Moody’s believes.
Moody’s cuts Bahamas GDP growth ‘below 1%’
Moody’s yesterday slashed its 2017 economic growth forecast for the Bahamas to “below 1 per cent”, and warned that there was little medium-term momentum beyond Baha Mar.
Unchecked spending boosted Govt deficit by 3.5% pts of GDP
Unchecked spending by the Christie administration added a sum equivalent to 3.5 per cent of GDP to the 2016-2017 deficit, Moody’s estimated yesterday, warning that Bahamian fiscal policy credibility has been undermined.
FOCOL’s stock split to ‘spread the wealth’
FOCOL Holdings’ planned stock split is designed to “spread the wealth” from its increased profitability and growth prospects, its chairman said yesterday.
IAN FERGUSON: Ten ways to motivate corporate employees
Every business leader and owner seeks to improve employee productivity and efficiency on a daily basis. We often fail to realise that the little things make a huge difference in how employees respond to our leadership, clients and our business as a whole.
Govt warned: Don’t take local investors for granted
The Government was yesterday warned it cannot take unlimited access to the Bahamian debt markets for granted, despite Moody’s optimistic liquidity assessment.
