Collision course on South Abaco project
The government is heading for a confrontation with environmental activists after the prime minister last night confirmed it has approved a controversial $580m project for South Abaco.Dr Hubert Minnis, in his televised national address, said the devel
Insurance cuts Aliv's Dorian cost to $2.5m
Aliv’s subscriber base grew by 20 percent during the final six months of 2019, its top executive revealed yesterday, after the mobile operator shrugged off $2.5m in one-off net Dorian costs. Damian Blackburn told Tribune Business it had “recovered a
Probe found 'no wrong doing' on $5m water deal
A probe into complaints over a $5m contract awarded to BHM Company (Bahamas Hot Mix) found “no wrong doing”, a Caribbean Development Bank (CDB) executive said yesterday. Daniel Best, its director of projects, defended the $28.5m Water Supply Improve
Caribbean bank projects 2% growth for Bahamas
The Caribbean Development Bank (CDB) yesterday gave the most optimistic forecast yet for The Bahamas’ 2020 prospects by predicting this nation’s economic output will expand by two percent. Dr Justin Ram, its director of economics, told reporters: “I
Bacardi pledges $1m to assist Dorian recovery
Bacardi has pledged almost $1m towards helping small and micro businesses in the tourism sector recover from Hurricane Dorian’s devastation. Executives from the Grand Bahama Port Authority (GBPA), Mercy Corps International (MC) and the American Red
Caribbean integration 'key' to hitting development goals
The Caribbean Development Bank (CDB) approved $200m in loans and grants last year as it focused on regional integration as a means to achieve the 2030 sustainable development goals (SDGs).Daniel Best, its director of projects, said yesterday: “We app
Leno's 'new mission': $3bn assets by 2024
An “ambitious” Bahamian financial provider sees its “new mission” as tripling assets under management to $3bn within the three years to 2024 via a mixture of local and international expansion. Sean Longley, the Leno Group of Companies’ founder, yest
'Taxpayer waste' fears on $130m civil service spend
The government’s planned $130m investment in the civil service will “waste taxpayers’ money” unless the correct “checks and balances” are put in place, a governance reformer has warned.Robert Myers, the Organisation for Responsible Governance’s (ORG)
Jitney system pilot is 'cultural shock'
Customers and jitney drivers are grappling with a “cultural adjustment” following the roll-out of the bus unification system’s test route, the project manager has revealed.Marvin Clarke, in an interview with Tribune Business, said that while there ar
PM: 'Much work needed to boost our productivity'
The prime minister yesterday admitted The Bahamas faces “much work to boost productivity and prosperity” as he helped launch the $25m construction of a local financial provider’s new office complex. Dr Hubert Minnis, acknowledging that the Leno Grou
Bank warns 'efficiency' key to Bahamas' IFC survival
A Swiss bank that is selling majority control of its Bahamian subsidiary has told this nation to focus on regulatory and ease of doing business “efficiency” to improve its financial centre status.A SYZ Group spokesperson, responding to Tribune Busine
Minister promises to fix 'toxic BAIC environment'
A Cabinet minister yesterday acknowledged “the toxic environment” at the Bahamas Agricultural and Industrial Corporation (BAIC) while pledging that its long-standing issues are being addressed. Michael Pintard, minister of agriculture and marine res
Minister leads BTVI on mission to US college
A Cabinet minister recently led officials of the Bahamas Technical and Vocational Institute (BTVI) to Orlando-based Valencia College on a fact-finding mission. Jeffrey Lloyd, minister of education, was accompanied by BTVI’s president, Dr Robert W Ro
DPM calls for greater Caribbean resilience
The deputy prime minister has urged the Caribbean Development Bank (CDB) to invest in initiatives that will make the region more resilient and self-sufficient. K Peter Turnquest, chair of the CDB’s Board of Governors, said The Bahamas’ recent experi
Taylor’s creditors left high and dry
Kelly's Home Centre leads the Bahamian unsecured creditors who will receive nothing of the debts owed to them by Taylor Industries, its liquidator has revealed.
