'Holding the bag' on 50% sales fall
A Bahamian plastics product supplier yesterday said pleas for government assistance have not been answered as it prepares to terminate more staff following a 50 percent sales slump. Louise Munroe, owner of Plastic Property Ltd, told Tribune Business
DPM: New GB Power charge is 'unavoidable'
The deputy prime minister yesterday described Grand Bahama Power Company’s (GBPC) new Dorian recovery levy as “unavoidable” if electricity supply is to be restored to the entire island. Arguing that this “comes at a cost”, K Peter Turnquest, said: “
Activists blast GB Power's storm levy 'total disregard'
Activists yesterday blasted the addition of a Dorian restoration charge to all Grand Bahama residents’ electricity bills as showing “complete disregard and great insensitivity” for the island’s plight.Pastor Eddie Victor, president of the Coalition o
Bran: Bahamian 'work ethic is bad'
A former Immigration minister yesterday argued that many Bahamians simply fail to take advantage of available employment opportunities because “their work ethic is bad”.Branville McCartney, the ex-Democratic National Alliance’s (DNA) leader, told Tri
Labour specialist: to discuss 'good understudy ideas'
The Chamber of Commerce’s top workforce specialist yesterday said he plans to discuss “some good ideas” for solving the government’s understudy issues when he meets its labour chief next month. Peter Goudie told Tribune Business he wanted to create
BISX listing 'major part' of mutual fund offering
A Bahamas-based fund administrator, which has sponsored 45 percent of the funds listed on this nation’s stock exchange, says being able to provide this is “a key component of our offering”. Ivan Hooper, The Winterbotham Trust Company’s chief executi
Jobless benefits sought by 2,600 Dorian victims
The government’s top labour official yesterday said 2,600 persons have claimed unemployment benefits due to Hurricane Dorian but that number has tapered off since year-end. John Pinder, pictured , director of labour, speaking to Tribune Business aft
Insurers in call for 'long-term' NHI framework
Private sector insurers yesterday urged the government to set out “a long-term framework” for a National Health Insurance (NHI) scheme that has had little impact on their business to-date. Sandy Morley, the Bahamas Insurance Association’s (BIA) depu
Realtor hails end to sector's 'private club-like atmosphere'
A ten-time Bahamas Realty top performer has praised the firm’s former chairman for driving a solution that broke up “the private club-like atmosphere” in the industry to the benefit of all.Stuart Halbert, who has attained that honour ten times in the
Security firm chief calls for increased vigilance
A private security company’s chief executive is urging residents to increase their vigilance and minimise risk following a recent surge in break-ins impacting gated communities across Nassau.Elston Bain, a 16-year Royal Bahamas Police Force veteran,
Working age 'plateau' to hit growth, credit rating
Moody’s has warned that a working age population due to “plateau” by the mid-2020s will limit The Bahamas’ economic growth potential and “weigh” down its sovereign credit rating. The international credit rating agency, in its just-released latest up
GB Power: New customer charge 'not an easy sell'
Grand Bahama Power Company’s top executive yesterday admitted it is “not an easy sell” to add an extra charge to all customer bills to pay for $15m in Hurricane Dorian restoration costs.Dave McGregor, the utility’s chief executive, defended the Storm
PM: 20% hotel vacancy cut to hit jobless goal
The prime minister yesterday argued his six percent unemployment rate goal can be achieved by increasing average occupancy rates at existing Bahamian hotels by 20 percentage points. Dr Hubert Minnis, telling the House of Assembly that his ambitious
Funeral home chief hits back in Dorian row
A funeral home director has denied an industry association’s assertion that the government paid her business a near-six figure sum to collect the bodies of Dorian victims, branding this “misleading”. Denalee Penn-Mackey, chief executive of Evergreen
BPL must ‘do everything in its power’ to prevent 2019 repeat
Bahamas Power & Light (BPL) was last night urged by the Chamber of Commerce’s top executive to “do everything in its power” to solve its cooling woe and avoid a repeat of summer 2019’s blackouts.
