Roberts steps down as Bahamas Realty chief
BAHAMAS Realty has announced that W. Larry Roberts, a two-term president of the Bahamas Real Estate Association (BREA), has stepped down as its vice-president and chief executive after a career that spanned nearly half-a-century. Mr Roberts will rem
E-procurement system to launch in December
THE Government expects to roll-out its electronic procurement tendering system by mid-December 2017, according to its main co-ordinator. Daniel Ferguson, who heads this part of the Public Financial Management and Performance Monitoring Reform projec
Labour Dept tackling Club Land 'Or pay
THE Minister of Labour says the Government is seeking to resolve “numerous complaints” from Club Land ‘Or staff about back pay owed to managers and line staff. Dion Foulkes said his Ministry had met with the general manager and one of the owners of
Gov't not targeting IMF's $70m slash
THE Government is not targeting the IMF’s recommended $70 million wage bill slash, the Deputy Prime Minister said yesterday, but it must right the Bahamas’ “upside down” economy. K P Turnquest told Tribune Business that the Minnis administration will
AG: Bahamas 'riding behind competitors' in financial services
THE Attorney General yesterday lamented that “riding behind our competitors” had caused “incalculable” damage to the financial services industry, accusing the former government of failing to act on tax information exchange changes.Carl Bethel QC, add
IAN FERGUSON: 'Glass half full' mentality key for corporate leaders
By IAN FERGUSONTODAY’S article focuses on simple, practical steps leaders can take to have a greater impact in their workplace and effect change in the lives of those they lead.1. Demonstrate care each day. Team members need assurance daily that you
BDB chair: 'Days of $50k hand-outs over'
THE Bahamas Development Bank’s (BDB) chairman yesterday pledged to tighten lending protocols, adding: “The days of giving someone $50,000 and saying: ‘Go get it done’ are gone”.Lynden Nairn told Tribune Business that the BDB had little choice but to
BDB: 'Everything turns' on $64m debt restructure
The Bahamas Development Bank’s (BDB) chances of meeting the Government’s three-year ‘self-sufficiency’ target depend entirely on its ability to restructure $64 million in long-term debt.Lynden Nairn, the institution’s newly-appointed chairman, told T
Central Bank back in compliance on Gov't debt limits
THE Central Bank yesterday said its government debt holdings are back in compliance with its governing Act, with medium and long-term maturities equal to 12.52 per cent of its demand liabilities.The regulator, responding to the IMF’s Article IV repor
Minister: GB needs a 'tourism identity'
GRAND Bahama must be given a signature tourism identity, a Cabinet Minister saying yesterday: “We cannot continue to proceed with stop gap measures.”Kwasi Thompson, minister of state for Grand Bahama, told the Senate that the Minnis administration wi
'Death spiral': Shocks put debt at 100% GDP
The Bahamas could be locked into “a death spiral” by 2022, with its national debt virtually equal to total economic output (GDP), if it fails to hit growth and fiscal consolidation targets.The International Monetary Fund (IMF), in its full Article IV
Gov't hailed for 'bush mechanic' crackdown
THE Government’s planned crackdown on ‘bush mechanics’ was yesterday hailed by the Bahamian Contractors Association’s (BCA) president, who branded the sector as “out of control”.Leonard Sands told Tribune Business he backed efforts by Desmond Bannist
Second CLICO payout three months behind
THE head of CLICO (Bahamas) creditors’ committee yesterday expressed optimism the Government will fulfill its promises to policyholders, despite being three months late with the latest payout.Basil Christie told Tribune Business that the committee un
20% construction boost if planning woes addressed
CONSTRUCTION activity would increase by 20 per cent if the Minister of Works makes good on his pledge to eliminate “under-staffing” at the Department of Physical Planning.Leonard Sands, the Bahamian Contractors Association’s (BCA) president, told Tri
Don’t be held ‘captive’ by US tax crackdown
THE Bahamas must not be deterred from making inroads into the multi-billion dollar captive insurance sector by a US tax crackdown, a local actuary said yesterday.
