'Discipline, not just speed' needed in Dorian clean-up
A Cabinet minister says Abaco’s post-Dorian clean-up “requires tremendous discipline and not merely speed” amid concerns that the effort needs to be “ramped up” to facilitate the island’s restoration. Desmond Bannister, minister of works, told Tribu
Bank acquires former RBC FINCO property
NAI Bahamas Realty Commercial, the commercial division of Bahamas Realty, has facilitated the sale of the former FINCO building on Robinson Road to another unnamed retail bank. Larry Roberts, commercial broker, negotiated the sale of the property fo
DPM: Release 'chokehold' over financial innovation
The Bahamas must “release our chokehold on the status quo” if it is to successfully break into new financial services products and markets, the deputy prime minister has urged. K Peter Turnquest, addressing members of the Bahamas Association of Comp
Insurers suffer 'over $1bn' Dorian losses
Hurricane Dorian has to-date inflicted “over $1bn in insured losses” on Bahamian insurers, it was revealed yesterday, with some forecasts suggesting this may rise as high as $1.5bn. Warren Rolle, the Bahamas Insurance Association’s (BIA) chairman, t
Leno targets $800m assets via BOB deal
Leno Corporate Services is aiming to close 2019 with over $800m in assets under administration following today’s expected completion of its Bank of The Bahamas trust acquisition.Sean Longley, Leno’s founder and president, told Tribune Business yester
Minister: BPL financial past ‘totally shameful’
A Cabinet minister yesterday blasted Bahamas Power & Light’s (BPL) financial past as “absolutely shameful” amid revelations it received a $15m taxpayer loan to help repay due debt.
'Fabric of society' threatened from no accountability
The Road Traffic Department’s driver licence woes demonstrate how the absence of public sector accountability threatens the “fabric of society”, a governance reformer argued yesterday.Robert Myers, the Organisation for Responsible Governance’s princi
Fiscal Council's chief: 'Return to fiscal prudence'
The newly-appointed Fiscal Responsibility Council’s chairman yesterday urged the government to “get back to fiscal prudence” and not rush Hurricane Dorian recovery in just one year.Kevin Burrows, who also represents the Bahamas’ society of financial
Airline opens Nassau to US mid-west visits
United Airlines will next March open its longest non-stop route to the Caribbean when it begins servicing Nassau from Denver International Airport.US media reports yesterday said the first flight will take place on March 7, with the carrier launching
Abaco airport ready 'any day now' for international flights
Abaco’s airport could be ready to receive international flights “any day now”, a senior government official revealed yesterday, with US regulators having completed their inspection. Algernon Cargill, director of aviation, who is also the joint Doria
Sebas: Technology and bureaucracy 'don't mix'
A top web shop boss yesterday warned that imposing new technology on top of old bureaucracy is like “oil and water; they don’t mix”. Sebas Bastian, pictured , Island Luck’s chief executive, said he had repeatedly seen companies acquire the latest so
BTC unveils new, improved plans
The Bahamas Telecommunications Company (BTC) yesterday announced it has introduced new plans as well as improving the value in its prepaid mobile combination plans.The new plan line-up includes three seven-day plans (small, medium and large), a 10-da
PI developer gains nearly $50m sales
A Canadian-based developer is seeking other opportunities in The Bahamas after generating close to $50m in sales from its ten-storey Paradise Island development. Replay Destinations, which acquired One Ocean from the bank in 2016 after its original
IAN FERGUSON: How to plan for success in 2020
As the month of November rolls in, the planning process for most businesses is being reviewed by diligent owners and management. They are not gambling on success in 2020 but, instead, are being very deliberate in ensuring success.The truth is that no
Driver's licence woes could last four weeks
Technology “glitches” and a surge in applications were yesterday blamed for the driver’s licence “backlog” that some sources yesterday suggested could last for another four weeks. Antoinette Thompson, permanent secretary at the Ministry of Transport
