Bank, Govt's united front over 'very damning' report
Banking sources and the political Opposition yesterday described Tribune Business’s revelations on Bank of the Bahamas as “incredibly damning”, as the institution joined forces with the Government and regulatory to present a ‘united front’ in solving its problems.
URCA rejects Cable's 19% BTC 'switch' find
Regulators have rejected Cable Bahamas’ assertion that the pay-TV market is easily accessible to new competitors, despite a survey showing 56 per cent of broadband Internet subscribers might sign up to the Bahamas Telecommunications Company’s (BTC) IPTV product.
'Extraordinary response' to new retailing concept
By NATARIO McKENZIE
Bahamas 23rd as captive domicile
The Bahamas Financial Services Board (BFSB) has hosted a half-day Insurance Industry briefing, in collaboration with the Insurance Commission, the Ministry of Financial Services and the Insurance Institute of the Bahamas.
MARKETING REVOLUTION: Adding value to current events
The hottest topic in the news in the US is the Ferguson riots, and the police shooting of a young man. This is the news that many people wish would go away because it has highlighted what some think is a huge flaw in American culture.
Melia adds 70 jobs via new restaurants
The Melia Nassau Beach Resort opened four new restaurants yesterday as part of a $19 million renovation, creating 70 jobs.
Union leader: Labour laws must be 'specific'
By NATARIO McKENZIE
Gov't urged: Tackle 'huge inconsistencies' between VAT law, notes
By NEIL HARTNELL
Central Bank slammed ‘all facets’ of BOB’s lending
The Central Bank first raised the alarm over Bank of the Bahamas’ “very weak” commercial loan portfolio almost two years ago, Tribune Business can reveal, slamming “all facets of its credit risk management processes” as “unsatisfactory”.
Developer loses bid to halt $30m PI condo sale
The developer behind a distressed $30 million Paradise Island condominium project has lost his bid to overturn a Supreme Court order permitting CIBC FirstCaribbean International Bank (Bahamas) to sell it.
Governor, BoB chief at odds over lending role
The assertion by Bank of the Bahamas International’s managing director, that his role in the bank’s lending decisions was “curtailed” from 2009, is contradicted by the industry’s top regulator describing him as involved in “all facets” of this area.
Gov't shelves BEC break-up
Plans to break the Bahamas Electricity Corporation (BEC) into two have been shelved for the moment, Tribune Business can reveal, with the Government pushing to conclude a deal with its preferred bidder before New Year.
90% of workforce has existing loans
Around 90 per cent of the Bahamian workforce have existing loans to service, although the number of active accounts has declined by 12.7 per cent over a five-year period.
Union aims to 'get ahead of the game' with new contract
By NATARIO McKENZIE
How to fuel BEC's financial revival
The Bahamas Electricity Corporation’s (BEC) executive chairman, Leslie Miller, the erstwhile “potcake”, recently demanded that the Government proceed with the organisation’s restructuring post haste.
