80% of Dorian-hit assets uninsured
Up to 80 percent of private homes and businesses devastated by Hurricane Dorian were uninsured, the deputy prime minister revealed yesterday, creating an unsustainable burden for the state.K Peter Turnquest, opening the annual Accountants Week confer
GB Power suffers $23m Dorian blow
Hurricane Dorian’s catastrophic winds and storm surge have inflicted a $23m blow on Grand Bahama Power Company, its Canadian owner revealed yesterday. Emera, unveiling its 2019 third quarter results, disclosed that Grand Bahama’s electrical utility
Aliv: Yields up by 10% in one year
Aliv’s top executive yesterday revealed that per customer revenue yields have increased by ten percent over the past 12 months as the mobile operator moves to “reinvent the store experience”. Damian Blackburn, speaking as the upstart provider celebr
BOB 'open for partners' as profits decline 75%
Bank of The Bahamas (BoB) is open to strategic partnerships, the deputy prime minister said yesterday, as the institution suffered a 75.2 percent profits decline for its 2020 financial year’s first quarter. Speaking outside the Accountants Week conf
Accountants chief: We can help in a disaster
The Bahamas must create a “pre-disaster planning council” involving multiple government agencies following Hurricane Dorian, the Bahamas Institute of Chartered Accountants (BICA) president said yesterday. Diveane Bowe, speaking during the annual Acc
Angry hotel unions raise strike threat
Hotel workers were yesterday warned it would be “absolute madness” to further damage a tourism industry already “reeling” from Hurricane Dorian with industrial action during the peak winter season.
Union chief moves strike certificate to 'my front pocket'
The hotel union’s president is moving his strike vote certificate “within easy reach”, while warning the minister of labour that “he may not have a Christmas vacation this year”. Darrin Woods, head of The Bahamas Hotel, Catering and Allied Workers U
Colombian CIBC sale goes ahead
The deputy prime minister has voiced optimism that CIBC’s sale of majority control in its Bahamian and regional affiliate will be “positive” given the buyer’s reputation for innovation.
Customers warned: No more slack on BPL bills
Servicing Bahamas Power & Light’s (BPL) $650m refinancing will end the “buddy-buddy system” that has enabled delinquent electricity payers to evade disconnection, a union leader is warning.
Bahamians lead talks at compliance summit
Bahamian panelists focused on disruptive risks to the financial services industry, and how to manage change through strategic communications and compliance leadership, at a regional conference.Attending the 13th annual Caribbean Regional Compliance A
Yachting group comes to Bahamas' assistance
Yachting enthusiasts have moved to aid Hurricane Dorian relief efforts by employing eight private yachts to provide help to Abaco and Grand Bahama. YachtAid Global (YAG) is a non-profit organisation (NGO) dedicated to undertaking conservation, human
GB water supplier sets out post-Dorian strategy
Grand Bahama’s water supplier is seeking out new fresh reserves and aiming to revive an old wellfield after virtually all its existing sources were compromised by Hurricane Dorian’s storm surge. The Grand Bahama Utility Company Limited (GBUC), in a
Bahamas-based family office in Fintech move
A Bahamas-based multi-family office has entered the Fintech (financial technology) space through the November 1 launch of its digital finance platform.Holt Financial, which is based in Albany’s Financial Centre, said in a statement that the new facil
Making Bahamians the guests, not the workers
Caribbean Nobel Laureate, the late Derek Walcott, had very strong and emotive opinions against modern-day tourism. While his personal convictions bemoaned the industry in some respects, there is an unheralded kind of tourism here in The Bahamas - one
Fledgling brewery is SBDC's highest raise
A fledgling brewery has received $300,000 in financing through the Small Business Development Centre (SBDC), making it the latter’s highest-funded client to-date.Royal Bank of Canada (RBC) Bahamas has provided 2 B Investments Ltd with $211,000, or al
