BPL makes provision for renewable funding
BAHAMAS Power & Light (BPL) has set aside financing to incorporate renewables into its energy generation mix, its newly-appointed chief executive said yesterday.
BACO founder: Regulation is ‘no substitute’ for governance
A FORMER Senator yesterday said regulation was “no substitute” for good governance at financial services institutions.
Trade missions ‘big part’ of Chamber’s agenda
THE Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is pushing for more reciprocal trade arrangements, its chief executive describing this as a “big part” of the agenda going forward.
Uncertainty if Baha Mar completion target struck
Neither Baha Mar nor its main contractor were last night able to confirm whether Sunday’s ‘substantial completion’ target for the $4.2 billion project had been met.Robert Sands, Baha Mar’s senior vice-president of government and external affairs, tol
Financial provider slams 'absurd' IMF
A BAHAMIAN financial services provider yesterday slammed the IMF’s “absurd” conclusion that this nation has minimised the economic impact of the sector’s contraction.Paul Moss, principal of Dominion Management Services, told Tribune Business that the
Aliv: $5.6m bond release shows roll-out targets hit
THE Bahamas’ second mobile operator yesterday said more than 4,000 subscribers have switched to its network, with regulators releasing $5.6 million from its performance bond.Damian Blackburn, Aliv’s chief executive, said the Utilities Regulation and
Mail boat woes 'unacceptable in the 21st century'
MAIL boat practices are creating further hardship for Family Island economies, a Chamber of Commerce executive yesterday warning: “This is not acceptable in the 21st century.”Roderick Simms, chair of the Chamber’s Family Island division, told Tribune
QC: ‘Let there be light’ on GB Power buy-out
A prominent QC yesterday pledged to investigate “the rhyme and reason” behind the Grand Bahama Power Company buyout, and urged: “Let there be light.”
Bahamian compliance specialist addresses gambling vulnerability
A BAHAMIAN compliance specialist has educated Jamaican bankers and financial services providers on how to prevent money laundering in the gaming industry.Cheryl Bazard, for a third year, was invited to present at Jamaica’s annual Anti-Money Launderin
Chamber launches banking fee survey
THE Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday launched its own survey on banking fees in response to private sector complaints.Edison Sumner, its chief executive, told Tribune Business: “The Chamber will be launching a
$35m GB Power buyout 'win-win for all'
A Canadian utility has branded its near-$35 million offer to buy-out all Bahamian shareholders and acquire 100 per cent of Grand Bahama Power Company as “a win-win for all”. Emera, responding to Tribune Business’s questions, said the proposal was ta
Let Bahamians drive 35% East, West End electricity cost drop
THE Government is being urged not to renew Grand Bahama Power Company’s East and West End supply agreements, an advocacy group head arguing there is a Bahamian group that can replace it at 35 per cent lower costs. Pastor Eddie Victor, the Coalition
IMF's 'well-managed' financial contraction findings premature
THE IMF is premature in its conclusion that the Bahamas has “managed” the financial sector’s contraction well, a senior attorney warning of further job losses and consolidation to come. Michael Paton, a former Bahamas Financial Services Board (BFSB)
Activists 'absolutely oppose' 100% GB Power takeover
AN outspoken advocacy group will today warn the Prime Minister of its “absolute opposition” to Emera’s potential acquisition of 100 per cent of Grand Bahama Power Company (GBPC). Pastor Eddie Victor, president of the Coalition of Concerned Citizens
Web shops: Banks 'fell down big time'
WEB shops have filled the money transfer void because commercial banks “fell down big time”, a Chamber of Commerce director is arguing. Roderick Simms, chair of the Chamber’s Family Island division, told Tribune Business that the banks failed to pro
