Many business 'ill prepared' for hurricanes
Small and medium-sized businesses have been urged to prepare their business continuity plans, a private sector executive noting that Hurricanes Joaquin and Matthew had demonstrated just how “ill-prepared” many were for catastrophic events.Edison Sumn
Financial services meets Minister on language plan
Representatives from the Bahamas Financial Services Board (BFSB) and the Association of International Banks and Trust Companies (AIBT) paid a courtesy call on Jeffrey Lloyd, minister of education, last Thursday.They discussed the Towards a Bilingual
Minister targets one-monthGB investment processing
The Minnis administration is “well on its way” to creating an investment unit dedicated to Grand Bahama, a Cabinet minister said yesterday. Kwasi Thomson.During his Senate contribution on the 2017-2018 Budget, Kwasi Thompson said concerns over ‘the e
No plans provided by Grand Lucayan buyer
A Cabinet minister yesterday said that while the Christie administration reached an agreement for the Grand Lucayan’s sale, the potential buyer had not presented plans for the hotel and casino operations.Kwasi Thompson, minister of state for Grand Ba
Productive year for Banks Association
The Association of International Banks and Trust Companies (AIBT) recalled a productive year during its June 22 annual general meeting (AGM).Bruno Roberts, its co-chairman, highlighted professional development efforts that included the 11th annual Na
$10m bond switch to cease BOB stand-off
The Minister of Finance yesterday said it was “a safe bet” that Bank of the Bahamas (BOB) will drop its legal battle with the Central Bank, after it moved to comply with a key regulatory demand.
Freeport in Xmas ‘point of no return’
Freeport’s economy will hit “the point of no return” by Christmas unless the Grand Lucayan can be fully re-opened, a prominent attorney has warned.
Sarkis demands Baha Mar sale closure ‘moratorium’
Sarkis Izmirlian yesterday urged the Minnis administration to impose “a moratorium” on completion of Baha Mar’s sale, and warned he was mulling legal action against the Christie administration’s “state-sponsored discrimination”.
No public insurer to dominate NHI
The Government will not permit a single, publicly-owned insurer to manage the entire National Health Insurance (NHI) scheme, the Minister of Health has revealed.
‘Re-examine’ creation of new NHI agencies
The Government’s fiscal crisis dictates that it re-examine the creation of new agencies to oversee the proposed National Health Insurance (NHI) scheme, the Bahamas Insurance Association’s (BIA) chairman says.
Plans accelerate for ‘Albany of the east’
Arawak Homes yesterday revealed its 100-acre tract opposite St Andrew’s School could become eastern New Providence’s version of Albany or Lyford Cay, as it intensifies efforts to execute on “remarkable options”.
Govt urged: ‘Put cash on ground’ in Grand Bahama
The Government was yesterday urged to immediately “put some cash on the ground” in Grand Bahama, an Opposition Senator describing the island’s economy as having “hit rock bottom”.
Contractor Lien Bill ‘essential’ to closing protective circle
The proposed Contractors Lien Bill will “level the playing field” and ensure all parties to a construction contract enjoy equal protection, Tribune Business was told yesterday.
Nassau investors told: 40% price fall means Freeport ‘time to buy’
Nassau-based investors were yesterday told it is “a great time to buy in Freeport”, with the city’s real estate market having “reached bottom” following a 40 per cent price decline.
Private sector backs six-month extension over GB tax breaks
Private sector leaders yesterday praised the six-month ‘tax breaks renewal’ extension granted to Freeport businesses, as it will give the Government time to make a “proper decision” on their replacement.
