Airport targets upgrade in customer experience
Nassau Airport Development Company (NAD) executives recently met with more than two dozen retail and restaurant tenants in a bid to further improve the experience enjoyed by travelling passengers.The Lynden Pindling International Airport (LPIA) opera
Stem cell provider eyeing 'options' following Dorian
Freeport’s pioneering stem cell therapy provider is exploring “lots and lots of options” for its future after Hurricane Dorian’s devastation forced its continuing closure.Dr Vincent Burton, president and chief medical officer for the Okyanos Centre f
Govt sells PHA short by millions
The government’s failure to fund Cabinet-approved spending increases has consistently left the public healthcare system facing “significant budget shortfalls” amounting to annual eight-figure sums. Documents obtained by Tribune Business reveal how t
GB airport re-open awaits US approval
Grand Bahama International Airport missed the November 15 target date to re-open to international flights because it is still waiting for US regulatory approval, a Cabinet minister confirmed yesterday. Senator Kwasi Thompson, minister of state for G
'Put everything in the mix' on Dorian fall-out
The Bahamas must explore the removal of protectionist barriers to growth if it is to overcome its bleakest-ever fiscal position, a former finance minister urged yesterday.James Smith, also an ex-Central Bank governor, told Tribune Business this natio
Lucayan chair 'assured' of mid-December sale close
The Grand Lucayan’s chairman yesterday said he had been “assured” the resort’s sale, and associated harbour project, will be sealed by mid-December, adding: “I think we’re finally getting to the end.” Michael Scott, pictured , told Tribune Business
Hospital computer firm insists - we did our job
The US company selected to deliver the “crashed” $18m Public Hospitals Authority (PHA) contract yesterday appeared confused about its client’s identity as it defended its performance.
Chamber director backs unions groups' merger
A private sector labour specialist yesterday backed the proposed merger between The Bahamas’ two trade union bodies on the basis that it will be “better for workers” and end previous in-fighting.Peter Goudie, The Bahamas Chamber of Commerce and Emplo
IAN FERGUSON: A retiring strategy you can bank on
Many employees are making the mistake of taking too long to prepare for retirement. After working diligently for more than 30 years you should set yourself up financially for your “golden years”. The last 12 months before you call an end to your care
LETTER: How to solve govt's GB airport quandary
Dear Editor , I imagine the government is in a major quandary over Grand Bahama International Airport. The quandary is not whether the $70m needed for a new terminal has to be spent, but by whom. As I have explained, Freeport has no viability if
'Not grim' despite $1.3bn debt surge
The deputy prime minister yesterday disagreed that The Bahamas faces a "grim" economic and fiscal outlook even though government debt is forecast to increase by $1.3bn over the next five years.
Aliv IPO goal for 2022-2023
The government is targeting the 2022-2023 fiscal year to exit its 51.75 percent majority ownership in Aliv and raise “at least” $73m, it was revealed yesterday.The 2019 Fiscal Strategy Report, released yesterday, disclosed that the government’s dispo
Past govts 'negligent' on $160m BTC pension hole
The Bahamas Telecommunications Company’s (BTC) unions yesterday slammed the “negligence” of previous administrations for creating a near-$160m pension hole that taxpayers must now plug. Ricardo Thompson, pictured , the Bahamas Communications and Pub
Fears Bahamas 'on edge of abject failure'
Fiscal watchdogs yesterday voiced alarm that The Bahamas is “on the precipice of abject failure” based on the sharp post-Dorian hikes in the government’s annual fiscal deficits and national debt.Rick Lowe, an executive with the Nassau Institute think
Govt in $100m 'provision' over BOB's bail-out
The government yesterday revealed it has taken a $100m “provision” in anticipation of the Bank of the Bahamas bail-out vehicle recovering just 40 percent of the toxic loan sums transferred to it.The Fiscal Strategy Report 2019, tabled in the House of
