Minority investors demand BOB's AGM be delayed
Minority Bank of the Bahamas (BOB) shareholders yesterday called for tomorrow’s annual general meeting (AGM) to be delayed, after failing to receive the traditional agenda and other key disclosures.Several investors complained to Tribune Business the
Law firm blasted for responsibility failure
The Court of Appeal yesterday blasted a law firm, whose partners include an ex-Cabinet minister and retired Supreme Court justice, for its “unacceptable” failure to take responsibility for not prosecuting its own appeal.Appeal Justice John Isaacs, in
Bahamas urged to correct tourism 'product deficiency'
The Bahamas must “tell a better story” to correct its tourism “product deficiency”, a Cabinet Minister yesterday confirming he is targeting a 15 per cent increase in African-American visitors.Dionisio D’Aguilar, minister of tourism, told Tribune Busi
Bahamas may have to 'guarantee' extra Baha Mar airlift
The Minister of Tourism yesterday said the Bahamas may have to offer airlines financial guarantees to generate the extra 314,000 seats required for Baha Mar, promising: “We’re on top of it.”Dionisio D’Aguilar told Tribune Business that this nation ma
Power outages still plague Abaco hotels
Frustrations continue to mount in the Abacos as power cuts persist, with one hotelier disclosing that the outages have turned potential visitors away.Molly McIntosh, general manager of the Bluff House Beach Resort and Marina, said power was off again
Holiday Inn Express to create 45 jobs
The Holiday Inn Express resort will create 45 “direct’ jobs when it opens on West Bay Street this month, its owner and manager revealed yesterday.Sameer Damji, managing director of the Eclipse Hotels Group, confirmed to Tribune Business that the West
Reformer says 'it's not a one pill cure'
The Bahamas will take “at least a decade” to escape its fiscal crisis, a governance reformer warning: “It’s not a one pill cure”.
Bahamas 'drowning in unnecessary spending'
The Deputy Prime Minister has slammed the Opposition’s leader for raising fears of a “double-dip recession”, arguing that the Bahamas had endured negative growth for the past five years due to the former administration’s “ill-advised policies”.K P Tu
Govt’s Grand Lucayan plan ‘economic suicide’
A Freeport-based QC yesterday warned the Government that it will commit “economic suicide” if it takes an ownership stake in the Grand Lucayan’s rescue.
Multi-million 'Galaxy' brings fun to Nassau
A multi-million dollar family entertainment centre will today complete its first month in business, after filling a market niche many parents and children were “crying out for”.FunGalaxy, effectively a mini-version of Nassau’s annual carnival, spent
'Imperfect' Grand Lucayan rescue needs top operator
A Freeport hotelier believes the Government’s Grand Lucayan ‘rescue plan’ can work provided it does not interfere in management and operations.Magnus Alnebeck, Pelican Bay’s managing director, told Tribune Business that the Minnis administration’s pr
Fisheries hope for crawfish 'repeat'
Bahamian fishermen are hoping the imminent 2017-2018 crawfish season is a “repeat” of last year’s, according to the Bahamas Commercial Fishers Alliance’s (BCFA) vice-president.“Everyone is getting ready and hoping that we have a good season like we h
Insurers in corporate governance concern
The Bahamas Insurance Association (BIA) yesterday called for the industry’s governing law to be changed because it makes no provision for the independent chairman named by the Minnis administration.The BIA said it backed the appointment of an indepen
Lucaya tenant: Too late for me, I’m off to T&C
The Government’s planned Grand Lucayan intervention has come too late for one Port Lucaya Marketplace tenant, who will close his store on Saturday and move to the Turks & Caicos Islands.
Minister admits Baha Mar room discounts 'slightly worrisome'
The Minister of Tourism yesterday admitted the steep promotional discounts being offered by Baha Mar were “slightly worrisome”, and asserted: “We definitely don’t want a price war.”Dionisio D’Aguilar, acknowledging the concerns of the $4.2 billion pr
