Payment provider targets 50% of mobile consumers
A Bahamian digital payments provider yesterday said it is aiming to sign up 2,000 merchants and half the country’s mobile phone users when it goes “fully live” before year-end 2019.Keith Davies, Kanoo’s chairman and chief executive, told Tribune Busi
Dorian to drive national debt to near $9bn
The Ministry of Finance’s top official last night said Hurricane Dorian had reinforced “why fiscal discipline is so important” even though it is set to drive the national debt to almost $9bn. Marlon Johnson, the acting financial secretary, told Trib
Dorian debris clear needs big 'ramp up'
Abaco’s Chamber of Commerce president yesterday called for post-Dorian debris removal to be “ramped up significantly” given the huge obstacle it presents to the island’s reconstruction. Ken Hutton, pictured , told Tribune Business that the authoriti
Ease committee: Prioritise registrar general upgrades
The government’s ease of doing business committee yesterday warned The Bahamas will see minimal improvement in property registration until reforming the Registrar General’s Department becomes “a priority”.
DPM: Boat fee rises 'strike fair balance'
The deputy prime minister yesterday argued that the government had “struck a fair balance” on the increased boating and cruising permit fees revealed this week.K Peter Turnquest said the prior fee structure had not been altered for some time, leading
Compliance chief 'stays step ahead'
The founder and president of the Bahamas Association of Compliance Officers (BACO) has armed herself for a more rigorous regulatory climate by attaining another degree.Cheryl Bazard said it was critical for compliance professionals to “stay a step ah
BTVI names consultants to oversee transformation
The Bahamas Technical and Vocational Institute (BTVI) has named consultants to oversee the multi-million dollar upgrades being part-financed by the Caribbean Development Bank (CDB). Dr Robert W Robertson, its president, announced LaToya Johnson as p
Dorian 'recovery zones' ready by November 11
The deputy prime minister yesterday said the post-Dorian Economic Recovery Zones should be “completely up and running” by November 11 following a declaration by the Prime Minister. K Peter Turnquest said: “We hope to be in position to have the Prime
First firms receive Dorian grant funds
Eight Bahamian companies yesterday received grants from the Small Business Development Centre (SBDC) to help kickstart their post-Hurricane Dorian rebuilding efforts.Fowlco Ltd; Painters Touch (Bahamas); Continuum Financial Holdings; ETP Industrial O
Sebas to address BTC small business forum
The Bahamas Telecommunications Company (BTC) will close its small business month with today’s first annual small business conference. Titled BTC InKnowVation, powerful real-world business solutions , it will feature a number of local and internation
Dealers hope 28% rise ends 'roller coaster hell'
New auto dealers yesterday voiced optimism that the industry’s 28.1 percent sales increase for the year to end-September indicates “one hell of a roller coaster ride” has finally ended. Rick Lowe, the Bahamas Motor Dealers Association’s (BMDA) secre
'Spiking message': Tourism board raises marketing 15%
The Bahamas’ main tourism promotion board yesterday said it had increased its marketing spend by 15 percent to “spike the message” that this nation remains open post-Hurricane Dorian.Fred Lounsberry, the Nassau/Paradise Island Promotion Board’s chief
BOB signs deal to sell $103m trust business
Bank of The Bahamas has signed a deal to sell its $103m trust portfolio, the BISX-listed institution’s just-released 2019 financial statements have revealed.Virtually no details are provided about the sale, such as price and buyer identity, other tha
Container port operator $600k ahead of target
The Nassau Container Port’s operator beat the profits forecast for its 2019 financial year by some 8.4 percent or almost $600,000, its just-released financial statements have revealed. Arawak Port Development Company (APD), the BISX-listed manager f
Govt urged: 'Dust off' National Plan to solve our woes
An ex-Chamber of Commerce director yesterday urged the government to rapidly “dust off” the National Development Plan, arguing: “It is 100 percent the solution to the issues we are facing.” Roderick Simms, pictured , who previously chaired the organ
