Fears coronavirus to cost $2m home deal
A Bahamian company yesterday said it fears losing a $2m modular housing opportunity in this nation due to the coronavirus impacting its Chinese partners and supply chains. Latrae Rahming, Bahamaren’s managing director, told Tribune Business: “I thin
Ex-AG slams 'absurdity' of financial crime listing
An ex-attorney general has slammed the “absurdity” of the criteria that will determine whether The Bahamas should be removed from an anti-financial crime monitoring list. Alfred Sears, pictured , said the Financial Action Task Force’s (FATF) asserti
NHI chief 'puzzled' by insurers' stance
The National Health Insurance Authority’s (NHIA) chairman yesterday said he is “puzzled” by the insurance industry’s call for the scheme to set out a “long-term framework” and strategic plan. Dr Robin Roberts told Tribune Business this had already b
The best way to handle your debt
The warning in Shakespeare’s Hamlet, “neither a borrower nor a lender be”, was aimed at keeping money and friendship at arm’s distance. Once you eliminate close friends from the equation, borrowing can be a powerful tool. The real questions are: How
GB resort rewards its best employees
A Grand Bahama resort honoured several of its 60 employees during the bi-annual Pelican Awards Ceremony.Della Bridgewater, Pelican Bay’s operations manager, said: “2019 was a particularly challenging year for us because of Hurricane Dorian, but our e
'Holding the bag' on 50% sales fall
A Bahamian plastics product supplier yesterday said pleas for government assistance have not been answered as it prepares to terminate more staff following a 50 percent sales slump. Louise Munroe, owner of Plastic Property Ltd, told Tribune Business
DPM: New GB Power charge is 'unavoidable'
The deputy prime minister yesterday described Grand Bahama Power Company’s (GBPC) new Dorian recovery levy as “unavoidable” if electricity supply is to be restored to the entire island. Arguing that this “comes at a cost”, K Peter Turnquest, said: “
Activists blast GB Power's storm levy 'total disregard'
Activists yesterday blasted the addition of a Dorian restoration charge to all Grand Bahama residents’ electricity bills as showing “complete disregard and great insensitivity” for the island’s plight.Pastor Eddie Victor, president of the Coalition o
Bran: Bahamian 'work ethic is bad'
A former Immigration minister yesterday argued that many Bahamians simply fail to take advantage of available employment opportunities because “their work ethic is bad”.Branville McCartney, the ex-Democratic National Alliance’s (DNA) leader, told Tri
Labour specialist: to discuss 'good understudy ideas'
The Chamber of Commerce’s top workforce specialist yesterday said he plans to discuss “some good ideas” for solving the government’s understudy issues when he meets its labour chief next month. Peter Goudie told Tribune Business he wanted to create
BISX listing 'major part' of mutual fund offering
A Bahamas-based fund administrator, which has sponsored 45 percent of the funds listed on this nation’s stock exchange, says being able to provide this is “a key component of our offering”. Ivan Hooper, The Winterbotham Trust Company’s chief executi
Jobless benefits sought by 2,600 Dorian victims
The government’s top labour official yesterday said 2,600 persons have claimed unemployment benefits due to Hurricane Dorian but that number has tapered off since year-end. John Pinder, pictured , director of labour, speaking to Tribune Business aft
Insurers in call for 'long-term' NHI framework
Private sector insurers yesterday urged the government to set out “a long-term framework” for a National Health Insurance (NHI) scheme that has had little impact on their business to-date. Sandy Morley, the Bahamas Insurance Association’s (BIA) depu
Realtor hails end to sector's 'private club-like atmosphere'
A ten-time Bahamas Realty top performer has praised the firm’s former chairman for driving a solution that broke up “the private club-like atmosphere” in the industry to the benefit of all.Stuart Halbert, who has attained that honour ten times in the
Security firm chief calls for increased vigilance
A private security company’s chief executive is urging residents to increase their vigilance and minimise risk following a recent surge in break-ins impacting gated communities across Nassau.Elston Bain, a 16-year Royal Bahamas Police Force veteran,
