Cable warily eyes $300m preference debt maturity
Cable Bahamas is warily eyeing the need to repay more than $300m in preference share debt over a five-year period from 2023 to 2027, its top executive said yesterday. Franklyn Butler, the BISX-listed communications provider’s president and chief exe
John Watling's rebrands COVID-19 hand sanitiser
John Watling’s Distillery has relaunched the hand sanitiser created to combat COVID-19 under the Buena Vista Estate name. Just three months after its initial launch, the company said it has has partnered with Blanco Chemicals to locally source spray
Cruise line postpones its return to August 28
Bahamas Paradise Cruise Line yesterday said it has further postponed its operational restart until August 28 amid a surge in US COVID-19 infections. The operator of the Grand Celebration and Grand Classica vessels, which sail to Freeport and Nassau
Scotiabank unveils 'cashless' branches
Scotiabank Bahamas has launched a “cashless” branch pilot initiative at four of its New Providence locations as its digital drive gathers pace. Roger Archer, the institution’s managing director, said its Nassau main (Rawson Square), Palmdale, Paradi
Financial provider set to restart consumer loans
A Bahamian financial services provider yesterday said it will re-start consumer lending to private sector employees this week. Laquel Miller, Simplified Lending’s chief operating officer, said in a statement: “We at Simplified Lending believe that o
Stuart Cove: 'I'm no quitter'
A leading Bahamian excursion provider expects to resume business today with less than 10 percent of pre-COVID volumes, as he pledged: “I’m no quitter.” Stuart Cove, principal of Stuart Cove’s Dive Bahamas, told Tribune Business “we should probably n
BPL bailout has cost us millions: Bannister warns mountain of bills must be tackled
The Government was forced to pump "millions" into Bahamas Power & Light (BPL) during COVID-19's peak due to customers' inability to pay, it was revealed yesterday.
BISX targets $3.6bn Gov't debt 'springboard'
The Bahamas International Securities Exchange (BISX) plans to use its capture of the Government’s $3.6bn debt market as “a springboard” to attract further listings. Keith Davies, its chief executive, told Tribune Business that the exchange aimed to
Barbados takes lead in filling 'tourism gap'
A Cabinet minister yesterday said The Bahamas “must be creative” in filling COVID-19’s “tourism gap” as Barbados moves to allow visitors to stay for one year. Dionisio D’Aguilar, minister of tourism and aviation, while revealing that The Bahamas has
ActivTrades: The story behind the decisions that lead to war
The history of mankind, has to a large extent been that of its wars, with the winners of any conflict invariably finding themselves in the privileged position of being able to immortalize their own version of the events.
Bahamians drive Out Island tourism restart
Bahamians are driving the “slow” resumption of hotel bookings in the Family Islands as the country gradually re-opens following the COVID-19 lockdown.Leslie Kennedy, general manager of the Pigeon Cay Beach Club on Cat Island, told Tribune Business: “
Authorities 'comfortable' on foreign reserves tools
The deputy prime minister has reassured that the Government and Central Bank have further “tools” they can deploy to prevent a Bahamian dollar devaluation. K Peter Turnquest said the Bahamas’ foreign currency reserves, which closed June 2020 just be
Borrowers reassured: Credit bureau 'won't go back in time'
The Central Bank’s governor has promised Bahamian borrowers that the country’s first-ever credit bureau will “not go back in time” to look at their repayment history. John Rolle disclosed that the credit bureau, which will be operated and managed by
Laying out the roadmap for economic resilience
The UK-based Centre for Local Economic Strategies (CLES) outlines ten indicators that can be used to determine whether an area, or country, is resilient. The first three of these are the strength of the commercial sector; strength of the public secto
'Opaque' dealings hit City Markets HQ sale
AML Foods is battling a series of “opaque” transactions as it seeks to uphold “the validity” of its $3m purchase of City Markets’ former headquarters building. The BISX-listed food retail and franchise group, in legal filings supporting its bid for
