Minister in warning over forged cheque
A Cabinet minister has issued a warning to all businesses and individuals with checking accounts after his ministry summoned the Royal Bahamas Police Force (RBPF) to probe an alleged fraud. Dionisio D’Aguilar, minister of tourism and aviation, told
Payment providers roll-out Sand Dollar infrastructure
Digital payments providers have already unveiled kiosks and other infrastructure in Abaco to aid the Bahamian digital currency’s roll-out. Sean Smith, SunCash’s business development manager, told Tribune Business: “The kiosk is going to allow person
Bahamian digital dollar to boost finance crime fight
The Central Bank’s governor says the Bahamian digital dollar will “strengthen defences against money laundering and other financial crimes” because every transaction can be tracked and recorded. John Rolle, speaking at Project Sand Dollar’s Abaco la
Student award winner gets CFAL investment account
The winner of the financial services Student of the Year Award has again won an initial contribution towards an investment account at CFAL. The Bahamian investment house, together with the Bahamas Financial Services Board (BFSB) and the University o
Charter show numbers beat projections by 50%
The first-ever Bahamas Charter Show exceeded the number of expected participants by more than 50 percent, organisers have revealed.Dr Kenneth Romer, the Ministry of Tourism’s executive director of product quality and support, told Tribune Business: “
Coronavirus fears trigger the fastest stock market correction of all time
The coronavirus crisis shows no sign of abating and the declaration of a global pandemic, by the World Health Organisation, is imminent. Person to person transmission is now documented across several countries, with some cases, notably in the US, whe
Industry workshop aim is to meet the standard
The Bahamas Bureau of Standards and Quality (BBSQ) teamed with its Caribbean counterpart to host a Freeport workshop on the development of quality regulation for various local industries. The workshop, held on February 19 in partnership with the CAR
Ex-minister explores poultry farm revival
A former Cabinet minister yesterday revealed he is in the “advanced” stage of exploring whether to revive a Grand Bahama poultry operation that once produced 3m-5m pounds of chicken annually. Zhivargo Laing, who is the government’s chief World Trade
Oil drilling is 'reckless response' to debt woe
Activists yesterday blasted the government’s decision to give the environmental go-ahead for oil drilling in Bahamian waters as “a reckless and irresponsible response” to the country’s debt woes. Sam Duncombe, reEarth’s president, told Tribune Busin
Environmental nod 'huge milestone' for oil explorer
A Bahamas-based oil explorer yesterday hailed the receipt of all necessary environmental approvals from the government as “a massive milestone” towards drilling its first exploratory well.Simon Potter, pictured, the Bahamas Petroleum Company’s (BPC)
Tourism set for $325m Dorian hit through '22
The Bahamian tourism industry will lose some $325m over the three-year period required to make a “full recovery” from Hurricane Dorian, a newly-published study has revealed.A 218-page Inter-American Development Bank (IDB) report, representing a full
'End insurance VAT for small business'
The government should extend the elimination of VAT from insurance premiums to small and micro-sized business following Hurricane Dorian, the Inter-American Development Bank (IDB) is urging. The multilateral lender, in its full 220-page study of Dor
Digitise human resources to drive better efficiencies
Improving productivity and efficiency is critical for companies of all sizes in 2020 and beyond. And human resources information systems (HRIS) are helping them achieve this goal consistently. Acquiring HRIS software not only automates these tasks bu
Royal Caribbean's PI land deals revealed
Royal Caribbean’s Bahamian attorney this week confirmed it has acquired multiple real estate parcels on Paradise Island’s western end, but declined to specify whether it is also seeking crown land. Campbell Cleare, partner at McKinney, Bancroft and
Bahamas investor gives oil explorer $36m war chest
A Bahamas-based investor was yesterday said to have added “another brick in the wall” to a local oil explorer’s financing strategy by taking the funding available for its first well to $36m. Simon Potter, Bahamas Petroleum Company’s (BPC) chief exec
