Insurers: Dorian losses increase to $1.5bn-$2bn
Estimates for Hurricane Dorian’s total insured losses were yesterday said to have increased to between $1.5bn to $2bn as the entire Bahamian industry was removed from international “review”. Anton Saunders, RoyalStar Assurance’s managing director, t
Ex-GBPA attorney tells govt: Buy GB harbour and airport
An ex-Grand Bahama Port Authority (GBPA) attorney yesterday urged the government to buy Freeport Harbour Company as well as the island’s airport to prevent “an enormous drain” on the Treasury.
Minister: BPL must not ‘burden’ prompt payers
A Cabinet minister yesterday pledged that Bahamas Power & Light (BPL) will clamp down on delinquent bill payers so that compliant customers are not penalised in servicing its $650m refinancing.
BTC owner: Abaco 'a humanitarian disaster'
The Bahamas Telecommunications Company’s (BTC) owner is eyeing fixed wireless solutions to reduce construction costs associated with rebuilding network infrastructure in Abaco post-Dorian. Balan Nair, Liberty Latin America’s (LiLAC) chief executive,
Pharmacists lose licence renew bid
Twelve pharmacists have seen their bid for an injunction to force the industry’s self-regulatory body to renew their licences rejected by a Court of Appeal judge. Appeal justice Roy Jones turned down their application on the grounds that the Bahamas
IAN FERGUSON: Reaping rewards from mentorship
Mentorship is not a new term in our corporate environment. For centuries we have had formal and informal mentors teaching, training and preparing the next generation of leaders. Mentorship is typically defined as the relationship in which a more expe
Brewery pledges Abaco rebuilding
The Bahamian Brewery and Beverage Company has integrated all Abaco staff into its Nassau operations while it rebuilds a retail outlet that was reduced to a shell by Hurricane Dorian.“Abaco holds a special place in my heart. The people, the land, and
Abaco resort set to re-open with 'splash'
A boutique Abaco resort is planning for a full November 16 re-opening that will be followed by a “splash” for New Year as it bids to make a quick rebound from Hurricane Dorian’s devastation.Tom Hazel, the Abaco Inn’s general manager, told Tribune Bus
Consumers told to brace for ‘adjustment’ to BPL bills
Electricity consumers were yesterday told to brace for an "adjustment" to their bills via an extra charge as Bahamas Power & Light (BPL) confirmed plans for its mammoth $650m-plus refinancing.
Politicians ignoring 'powder puff' growth
Politicians are reluctant to tackle The Bahamas’ consumer debt woes for fear of undermining much of the spending fuelling the economy’s “powder puff” growth, a well-known developer said yesterday.Sir Franklyn Wilson, pictured, the Arawak Homes chairm
Oil explorer: 'All the tools we will need'
A Bahamas-based oil explorer yesterday said it now has “all the tools we need” to drill an exploratory well within the 2020 year-end target set by the government, its top executive said yesterday.Simon Potter, the Bahamas Petroleum Company’s (BPC) ch
Health model revamp in $100m Dorian rebuilding
A Cabinet minister yesterday said the public health system’s $100m post-Dorian rebuild will likely create a “more efficient model” on the impacted islands, adding: “Necessity is the mother of invention.” Dr Duane Sands, minister of health, told Trib
Port owners will 'act for Freeport' on airport offer
The two Grand Bahama International Airport shareholders are engaged in high-level talks over the government’s desire to acquire the asset from them, it was revealed last night.Ian Rolle, the Grand Bahama Port Authority’s (GBPA) president, confirmed t
Carnival executives in return visit to GB
Carnival Cruise Line’s president and other executives yesterday met with minister of state for Grand Bahama, Senator Kwasi Thompson, during a visit to the island. Following the devastation inflicted by Hurricane Dorian, Carnival donated much-needed
Colina raises policy reserves by $20.2m
Colina Holdings Bahamas (CHBL) yesterday unveiled a $20.2m increase in reserves to cover future policyholder payouts in the wake of Hurricane Dorian.The rise, likely undertaken in anticipation of increased benefits claims, occurred as the BISX-listed
