Govt's 'final word awaited' on $70m Aliv interest sale
Advisers are “still awaiting” the Government’s final go-ahead on the $70 million sell-of its majority interest in the Aliv mobile operator, with the terms unlikely to change.Gowon Bowe, one of those working on the placement, told Tribune Business tha
Economy to get 'worse before it gets better'
The Bahamas Motor Dealers Association’s (BMDA) president yesterday warned that the economy “will get worse before it gets better”, with a turnaround still “a year or more away”.Fred Albury, speaking after half-year sales trends “unsettled” new auto d
Public finance reform can be Minnis Govt's 'crowning achievement'
A top accountant yesterday said it will be one of the Minnis administration’s “crowning achievements” if it can introduce accrual-based accounting to the Government’s finances before the next election.Gowon Bowe, the Bahamas Institute of Chartered Ac
Abaco outages 'dampen a very strong summer'
Abaco resorts yesterday said frequent power outages have “really put a damper” on what is shaping up as “an extraordinarily strong summer”, saying many frustrated guests have vowed to never return.Molly McIntosh, general manager of the Bluff House Be
Bahamas First to stage hurricane prep seminar
Bahamas First will hold a free public education seminar, Hurricane Prep 101, next Tuesday at 6 pm at the British Colonial Hilton.The event will feature a presentation on hurricane preparedness by the Bahamas Red Cross, followed by a panel discussion.
Galleria's Freeport location resumes 'usual business'
Galleria Cinemas’ Freeport location will return to “business as usual” today, its attorney confirmed to Tribune Business yesterday, indicating that the issues behind its temporary closure have been resolved.“All of the issues which led to the tempora
Govt urged: 'Restore faith of Bahamians'
A leading financial analyst yesterday said the Minnis administration appeared “acutely aware” that it needed to restore Bahamians’ faith and confidence in the Budget and other government institutions.Kenwood Kerr, Providence Advisors’ chief executive
Bank increases donations for the 'Emerging Leaders'
Commonwealth Bank has increased support for its ‘Emerging Leaders’ scholarship programme at the University of the Bahamas this week with a donation of $50,000.It was the seventh consecutive year that the BISX-listed bank lent its support to the progr
Plans to stamp out workplace corruption
Corruption seems to be the ‘buzz word’ in our political, corporate and social environment today. Even Bahamians have seemingly lost a sense of integrity regarding their dealings with people, and what belongs to others. The dictionary offers a simple
Insurers demand political 'maturity' over junk threat
Insurance chiefs yesterday demanded “more maturity” from Bahamian politicians, warning that a Moody’s ‘junk’ downgrade could have a “devastating” impact on their own companies’ ratings.Anton Saunders, RoyalStar Assurance’s managing director, urged th
'Nobody on gravy train' despite 7.59% auto sales growth
Bahamian auto dealers were yesterday said to be "unsettled" despite a 7.59 per cent year-over-year sales increase for the 2017 first half, with one saying: "I don't think anybody's on the gravy train." Rick Lowe, the Bahamas Motor Dealers Associatio
Chamber chief: Moody's 'a bit trigger happy' over threatened downgrade
The Chamber of Commerce's chief executive yesterday said Moody's was "being a bit trigger happy" over its threatened 'junk' downgrade, and should give the Government more time. Edison Sumner told Tribune Business that with the Minnis administration
URCA chair wants electronic banking to 'fill the gap'
The Utilities Regulation and Competition Authority’s (URCA) chairman yesterday said electronic banking services could "fill the gap" on Family Islands where commercial banks no longer have a physical presence. Randol Dorsett, who was speaking ahead
Corruption 'so ingrained it is national status quo'
Governance reformers yesterday moved to ensure there was "no wiggle room" on the Government's anti-graft pledges by proposing the creation of an Anti-Corruption Task Force (ACT). A group of civil society and private sector organisations said the ACT
Bran: Justify $722m borrowing demand
The Democratic National Alliance’s (DNA) leader yesterday said both major political parties were to blame for the threatened Moody’s ‘junk’ downgrade, and called on the Government to better justify its $722 million borrowing needs.Branville McCartney
