Bahamas can regain shipping registry prominence
A maritime attorney with a leading law firm says The Bahamas is only steps away from regaining its position as one of the world’s most respected and sought after shipping registries.
Bimini bank crisis crippling trade
Bank of The Bahamas (BOB) is set to return to the island of Bimini later this month as but residents still fear the absence of a bank on the island would encourage crime and negatively impact commerce.
$166m bail-out is BOB's 'best shot'
Bank of the Bahamas’ (BOB) latest $166 million ‘bail out’ was yesterday described as “the best shot” to rescue it, its newly-appointed chairman revealing the deal will likely be “consummated” on or before August 10. “The Government is preparing to in
Govt can save $80m by ‘verifying’ workers
The Bahamas Public Services Union’s (BPSU) president yesterday suggested the Government’s ‘employee verification’ exercise could slash recurrent spending by around $80 million.
DPM: First BOB rescue 'protected certain borrowers'
Bank of the Bahamas’ (BOB) losses were exacerbated by the former government protecting “certain borrowers”, the Deputy Prime Minister yesterday describing the new $166 million ‘bail out’ as “the best shot” for recovery.“We’re freeing up the bank of i
Minister pledges cruise line reset
The Minister of Tourism yesterday said the Bahamas must reset its relationship with the cruise lines, adding: “They make all the money, and we have nothing.”Dionisio D’Aguilar told Tribune Business that this nation needs to “be a little more aggressi
QC urges ‘no carte blanche’ extension of F’port tax breaks
The Government was yesterday urged not to grant “a carte blanche” 20-year tax breaks extension for all Freeport businesses, especially the Grand Bahama Port Authority (GBPA) and Hutchison Whampoa entities.
Firm trains Series 7 examination graduate
A Bahamian company has enabled another person to pass the Series 7 broker/dealer examination.Natalee Dias can now apply to be registered and licensed by the Securities Commission of the Bahamas as a financial adviser and broker/dealer.The Series 7 ex
Bahamas regulator heads regional insurance summit
The Caribbean Association of Insurance Regulators (CAIR), which is headed by the Bahamas’ top insurance supervisor, held its annual conference and general meeting in Kingston, Jamaica, from June 19-21.Under the theme, Enhancing Financial Sector Super
BOB chair: Political delinquents cannot expect any favours
Bank of the Bahamas newly-apointed chairman has assured minority shareholders that politically-connected loan delinquents will be “treated like any other customer”, adding that the Board will not interfere with management. Wayne Aranha, who led discu
New BOB Board boosts shareholder confidence
A prominent Bank of the Bahamas (BOB) investor said its new Board had inspired a “fair degree of confidence” over the institution’s future, although he reiterated concerns about its management.Darron Cash, the former FNM chairman and Senator, told Tr
Govt to eliminate 'ghost' employees
THE Deputy Prime Minister yesterday said the Government is targeting “ghost” employees and other unethical practices in a bid to trim its wage bill and hit the 10 per cent spending cut goal.K P Turnquest told Tribune Business that the employee verifi
Davis: Albany missed energy reply deadline
The Opposition’s leader yesterday said the Albany developers’ proposal to rescue Bahamas Power & Light (BPL) did not proceed after they failed to meet a key deadline.
Minister blasts 'political expediency' for lay-offs
The Minister of Tourism yesterday blasted the former government for forcing him to lay-off new hires, describing the decision as “gut wrenching”.Dionisio D’Aguilar slammed what he described as “political expediency” in the Christie administration’s d
Chamber executive's gambling 'scourge' fear for Out Islands
The Bahamas was yesterday urged to rapidly address the “scourge” of web shop gaming in the Family Islands, amid warnings that the resulting social and economic deterioration is now “very visible”.Roderick Simms, chair of the Bahamas Chamber of Commer
