Small business centre gives $400k for Dorian
More than $400,000 in loan and grant financing has been provided to Dorian-devastated entrepreneurs by the Small Business Development Centre (SBDC), its senior advisor said yesterday. Winston Rolle provided figures showing that, as of yesterday, som
PLP hits back at claim it 'wished Bahamas ill'
The Progressive Liberal Party (PLP) yesterday blasted the deputy prime minister for accusing it of “wishing the ill of a credit rating downgrade on The Bahamas”. Senator Fred Mitchell, pictured , the Opposition party’s chairman, said in a statement
DPM: Opposition 'working hard' to attract downgrade
The deputy prime minister yesterday accused the opposition’s leader of “working his hardest” to attract the credit rating agencies’ attention, as he asserted there was “no sign” of a Bahamas downgrade. K P Turnquest, rejecting Philip “Brave” Davis’
Businesses 'not screaming' over VAT refunds
Businesses “have not been screaming like in the past” over delayed VAT refunds, it was argued yesterday, despite the opposition leader’s assertion that the government is not paying legitimate claims. Gowon Bowe, former head of the Bahamas Chamber of
'Caught with pants down' on contractor regulation
Two past Bahamian Contractors Association (BCA) presidents yesterday said Hurricane Dorian had “caught the government with its pants down” when it came to the industry’s self-regulation.Both Leonard Sands and Stephen Wrinkle told Tribune Business tha
Govt urged to explore 'social' bonds to fund disaster relief
The government should explore the creation of “green” bonds to help finance future disaster recovery efforts, an Inter-American Development Bank (IDB) economist urged yesterday. Dr Allen Wright, addressing a Bahamas Society of Chartered Financial An
Abaco cays in BPL cables funding offer
A Cabinet minister yesterday said the government will have to give a “deadline” for several of the Abaco cays that have pledged to finance the provision of underground utility cables post-Dorian.Desmond Bannister, minister of works, told Tribune Busi
US firm's 'holding pattern' after run-in with Customs
A US-based environmental firm working on Abaco’s post-Dorian clean-up yesterday said they were in a “holding pattern” over whether to stay in The Bahamas following a clash with Customs. Karl Dix, a representative for Ceres Environmental Services, to
$25m project to outsource Road Traffic Department
A Bahamian-led investor group says its revised $25m proposal to transform the Road Traffic Department and "bring The Bahamas up to international standards" will create 300 new jobs if approved.
Cruise port developer in $100m capital raise
The company charged with transforming Nassau’s cruise port into a world-class destination is quietly seeking to raise $100m from the Bahamian capital markets in a tightly-controlled private offering. Multiple Tribune Business contacts, speaking on c
BPL ‘making its crisis our crisis’
Bahamas Power & Light (BPL) is “making its crisis our crisis” by placing the burden of its $650m refinancing on the backs of consumers, a governance reformer has blasted.
11% booking gap 'rapidly closing'
The Bahamas is “rapidly closing” the 11 percent winter booking gap, a senior tourism executive says, with the country’s main promotion board enjoying a 24 percent rise in website “conversions”. Fred Lounsberry, president of the Nassau/Paradise Islan
Don't use Mortgage Corp to fund Dorian rebuilding
A former Bahamas Mortgage Corporation chairman has warned against it attempting to finance Hurricane Dorian housing and infrastructure renovations by issuing new bonds.Alex Storr told Tribune Business that the state-owned homes financier already has
Airport moves to counter Thanksgiving congestion
Private pilots and charters are being asked not to fly between 11am to 3pm over the Thanksgiving holiday in a bid to reduce traffic congestion at one-runway Lynden Pindling International Airport (LPIA). The Nassau Airport Development Company (NAD),
Bahamian law firm in Caribbean's 'top tier'
A Bahamian law firm has entered The Legal 500 Caribbean (2020) rankings as a “Top Tier” operation. Lennox Paton said its number of “recommended lawyers” in the guide has doubled this year from six to 12. It added that it was the only firm in The Bah
