Dorian's $436m fiscal blow needs 'tight' rein
The government was last night urged to keep a “tight” rein on post-Dorian recovery after the storm blew an estimated $436m hole in its fiscal deficit target for 2019-2020.Robert Myers, the Organisation for Responsible Governance’s (ORG) principal, to
Ansbacher settles $10m legal battle
A Puerto Rican bank has blamed Ansbacher (Bahamas) for the now-ended controversy surrounding the latter’s claim that $10.087m of its funds were “wrongfully retained”.Ruben Mendez Benabe, an attorney for Bancredito International Bank, told Tribune Bus
Fisheries loss far more than PM's $11m
Senior fisheries executives yesterday argued that the prime minister’s $11m Dorian damages figure had “significantly” under-estimated the storm’s impact on the sector.Keith Carroll, the Bahamas Commercial Fishers Alliance’s (BCFA) vice-chairman, who
Cable 'steps up' its targeting of enterprise niche
Cable Bahamas yesterday revealed it plans to “step up” its targeting of large-scale corporate and government clients with custom-made communications technology solutions.Franklyn Butler, the BISX-listed communications provider’s chief executive, told
Cable 'coming right' with 69% loss drop
Cable Bahamas top executive yesterday said the 69 percent reduction in fourth quarter losses showed its performance was "coming right" regardless of the $332.5m Summit Broadband sale.
Insurance agent adds new broker
Bahamas-based RMS Insurance Agents and Brokers has added broker, Mark Reynolds, to its team.Specialising in life and health, as well as property and casualty insurance, he has more than 20 years’ experience in local and international markets. “We are
Cable 'coming right' with 69% loss drop
Cable Bahamas top executive yesterday said the 69 percent reduction in fourth quarter losses showed its performance was “coming right” regardless of the $332.5m Summit Broadband sale.Franklyn Butler, the BISX-listed communications provider’s chief ex
GB Power: 90% now electrified
Grand Bahama Power Company (GBPC) yesterday confirmed that 90 percent of its customer base have seen electricity services restored following Hurricane Dorian.Dr Hubert Minnis, the Prime Minister, revealed the energy monopoly’s restoration progress in
BISX adds an icon to its listings roster
The Bahamas International Securities Exchange (BISX) yesterday announced it has added the Lehoca Fund IC to its roster of listings. Lehoca is established as an Investment Condominium (ICON) under the Investment Condominium Act 2014, and is registere
Bahamas targeting mega yacht market
Ministry of Tourism officials drove the message that The Bahamas is open for business post-Dorian to high net worth attendees at the recent Monaco Yacht Show.The event, which took place from September 25 to 28, featured more than 600 exhibitors and 1
'Grassroots' approach urged on building code
The government was yesterday urged to embrace a “grassroots” approach to revising the country’s building code rather than the narrow internal reviews employed before.Quentin Knowles, the Bahamas Society of Engineers (BSE) president, told Tribune Busi
Outlook takes aim at 'sleeping giant'
The 13th annual Exuma Business Outlook conference is scheduled to take place on October 24 at Sandals Emerald Bay Resort, Georgetown.Speakers include Pedro Rolle, president, Exuma Chamber of Commerce; John Rolle, governor, Central Bank of The Bahamas
Housing market struggles to cope with evacuees' demands
A leading realtor has warned New Providence does not have the inventory to meet demand from Abaco evacuees looking for rental properties.Mario Carey, president of Better Homes and Gardens, told Tribune Business: “We continue to get a steady demand fo
GBPA holds out hand to help with rebuild
As local businesses begin recovery and restoration plans following the impact of Hurricane Dorian, the Grand Bahama Port Authority, Limited (GBPA) is seeking to engage with licensees to assess their needs.Deann Seymour, Chief Financial Officer and Li
Business chief insists Abaco security must be restored before commerce can restart
Security is a primary concern for restarting commerce in Abaco and bringing in international cargo, the island’s Chamber of Commerce President Ken Hutton warned yesterday.Hutton told Tribune Business: “Inadequate security is a very big factor in us g
