RBC withdrawal may send Bahamas ‘rogue’
The Bahamas could be perceived as having gone “rogue” if Royal Bank of Canada’s (RBC) pull-out drives Bimini and Spanish Wells residents to use web shops for mainstream financial services transactions, a local provider warned yesterday.
PM: Improved offer for Grand Lucayan
Prime Minister Perry Christie yesterday said he had held Wednesday afternoon talks with the preferred buyer for the Grand Lucayan resort complex, describing the discussions as “very positive” after it improved its offer to Hutchison Whampoa.
IAN FERGUSON: Providing the platform for your ‘stars’ to excel
Every workplace employs super stars: Employees who far exceed the potential and performance of other worker. Researchers indicate that between 7-9 per cent of your employees have the natural inclination, and aptitude, to deliver great value that far exceeds the output of average staff.
Container Port to combine expansion with storm repairs
Prime Minister Perry Christie said yesterday that his administration has “remained in dialogue” with Hutchison Whampoa and Mediterranean Shipping Company (MSC) over the $250 million Freeport Container Port expansion, which will likely be incorporated into post-Hurricane Matthew repairs.
Insurers ‘watching’ for NHI regulations
The Government has yet to publish the regulations that will govern the National Health Insurance (NHI) scheme, with Bahamian insurers yesterday said to be “watching the landscape” ahead of the planned $100 million primary care phase roll-out.
GB needs to ‘break away from two-sector economy’
The private sector remains optimistic about Grand Bahama’s future, its Chamber of Commerce president said yesterday, although the island may need to “widen” its economic model beyond the industrial and tourism sectors.
Realtors reject $1m investment threshold
The Bahamas Real Estate Association’s (BREA) president yesterday confirmed realtors had rejected doubling the permanent residency investment threshold to $1 million, amid indications the Government may press ahead with the increase regardless.
Hard Rock eatery ‘valueless’, claims ex-Nassau owner
Hard Rock Cafe’s former Nassau franchisee has moved to overturn the dismissal of its $18.877 million damages claim for “deceptive and unfair business practices”, claiming its Charlotte Street restaurant was “valueless” and of no worth.
Freeport taxation breaks extension ‘takes heat off’
The one-month extension for Freeport businesses to apply for renewal of their expired tax breaks has “taken the heat off”, the Grand Bahama Chamber of Commerce’s president said yesterday, but numerous concerns remain.
Realtor targets 50% growth via RE/MAX tie-up
A Bahamian realtor yesterday said he believes he can grow his business by 50 per cent within the next three years through an “excellent marriage” that has brought the RE/MAX brand back to this nation.
Foreign contractor blasted on Bahamas labour criticisms
A former Bahamian Contractors Association (BCA) president yesterday said it was “totally unfair, unjust and untrue” for Baha Mar’s foreign bathroom manufacturer to criticise this nation’s “skills construction labour shortages”.
SUPERGREEN SOLUTIONS: Reducing energy costs as you wait for grid-tie
How times have changed, There was a lot of angst when the Renewable Energy Self Generation (RESG) programme was stopped in its tracks in November 2015. “
Moss: Homeowner Bill is ‘distasteful’
The MP who tabled his own private members’ Bill in the House of Assembly yesterday said he would not support the Government’s version of the the Homeowners Protection Bill, saying: ‘We can do better than this.”
MPs blast RBC’s Out Island pull-out
Royal Bank of Canada’s (RBC) decision to leave Bimini and Spanish Wells without banking services by closing its branch locations was yesterday blasted by MPs, who warned the impact could be “devastating”.
Scotia profits up 266% through ‘bad loan’ sale
Scotiabank (Bahamas) yesterday said it had gained $7 million from the sale of non-performing mortgage loans, which helped to drive a 266 per cent increase in 2016 profits.
