Sebas blasts PM on gaming closure
Island Luck’s principal last night accused the prime minister of “targeting” the domestic gaming industry and its 3,500 employees after he ordered the sector to close once more. Sebas Bastian, in a messaged response to Tribune Business inquiries, qu
Global Ports guarantees capital
Nassau Cruise Port's ultimate parent has pledged to "guarantee" the success of its $130m bond issue by covering any capital shortfall that may exist when the offering closes at the end of this week.
The past, present and future of cash
Cash, in one form or another, has been around for millennia, being used as a means of payment and storing wealth. Throughout history large and small transactions have been carried out, using settlement methods that evolved in accordance with whatever
Hotels looking to extend lay-offs
The Bahamian resort industry is awaiting the government’s formal response to concerns that hotels will be forced to pay full termination pay to staff when the mandatory 90-day period expires. Michael Reckley, executive vice president of the Bahamas
'Don't let EU dictate our taxation policy'
The Bahamas must show it “will not be dictated to” by the European Commission’s “economic terrorism” over its tax structure, a local financial services provider has blasted. Paul Moss, principal of Dominion Management Services, told Tribune Business
Banks: We're here to aid troubled borrowers
Bahamas-based commercial banks are continuing to urge clients impacted by the COVID-19 pandemic to take advantage of the financial relief initiatives they are offering. Lasonya Missick, Royal Bank of Canada’s (RBC) managing director, and chairman of
Long Island: Keep ports closed when we reopen
Long Island’s Chamber of Commerce president is hopeful it will be included in the next wave of COVID-19 re-openings but is calling for both air and sea ports to remain closed to domestic and international travel. Cheryl de Goicoechea told Tribune Bu
Digital provider handles 20% of NIB payments
A digital payments provider says it is now handling 20 percent of COVID-19 benefits payouts on behalf of the National Insurance Board (NIB). Sean Smith, SunCash’s business development manager, told Tribune Business that the reduced lines at NIB’s Bl
Cruise port chief in 'guarantee' on bond's success
Nassau Cruise Port’s ultimate parent has pledged to “guarantee” the success of its $130m bond issue by covering any capital shortfall that may exist when the offering closes at the end of this week.Mehmet Kutman, Global Ports Holding’s chairman, told
Our foot’s on your neck, EU warns
The Attorney General last night said senior European officials and politicians have warned The Bahamas: "We won't take our foot off your neck until you implement a corporate income tax."
Central Bank chokes off $50m investment currency outflows
The Central Bank’s restrictions on outflows through the Investment Currency Market (ICM) will likely save The Bahamas around $50m in foreign reserves, data released yesterday revealed.The monetary authority’s 2019 annual report revealed that Bahamian
Board delayed water contract for 14 months
A master plan to solve New Providence’s wastewater woes was delayed for 14 months after the then-Water & Sewerage Corporation Board sought a “sole-source award” of the contract, Tribune Business can reveal.
Pension savers: Don't panic on negative returns
Bahamians were yesterday urged to “take the long-term view” and avoid knee-jerk reactions to the negative returns experienced by pension plans and other long-term savings as a result of COVID-19.Larry Gibson, vice-president of Colonial Pension Servic
‘Finally’ pay day’s arrived
A former Bahamian Contractors Association (BCA) president says today's first construction industry payroll for seven to eight weeks will prove "a huge stress buster for lower and middle income families".
Junior stock market vital to agriculture investment
A Caribbean private sector executive yesterday said the creation of a junior stock maket is “important” to generating financing for agricultural projects in The Bahamas and wider region. Dr Patrick Antoine, a representative from the Caribbean Privat
