GB to 'surprise some' with economic activity
The deputy prime minster yesterday voiced optimism that Grand Bahama will enjoy “quite significant” economic activity during 2020 despite its ongoing recovery from Hurricane Dorian’s challenges. K Peter Turnquest, who is also the east Grand Bahama MP
Bahamas needs $670m for 'first world' health facilities
The Bahamas needs a $670m capital investment to “bring our healthcare facilities into the 21st century and up to par with the first world”, a Cabinet minister revealed yesterday. Dr Duane Sands, pictured , minister of health, confirmed to Tribune Bu
Govt eyes $40m waste-to-energy Abaco solution
The government is eyeing a $40m waste-to-energy package as part of a $140m solution to the post-Dorian clean-up challenges in Abaco. Documents released ahead of next Monday’s “pledging” conference, in which the government has teamed with the United
'No turning back' on plastic bag charge
The government yesterday asserted there is no turning back on the 25 cents fee for single-use plastic bags as retailers complained they are taking the brunt of consumer complaints. Dr Rhianna Neely-Murphy, the Department of Environmental Health’s se
Oil explorer aims to open fund to small Bahamians
A Bahamas-based oil explorer and its advisers yesterday said they plan to seek the Securities Commission’s permission to open their newly-launched mutual fund to small local retail investors.The Bahamas Petroleum Company (BPC) disclosed that its £2m
DPM pledges to 'speed up' small business Dorian relief
The government is aiming to “speed up” financial help for Dorian-hit businesses, the deputy prime minister said yesterday, although its $10m facility is likely to meet less than 25 percent of their needs.K Peter Turnquest told Tribune Business the pr
Govt seeking $40m home repair donations
The government is aiming to raise $40m from private sector donors to finance “sustainable housing repairs or reconstruction” for Dorian victims who lacked the necessary insurance coverage. Documents released ahead of next Monday’s “pledging” confere
Ex-Bahamasair chair's surprise over US block
An ex-Bahamasair chairman has expressed surprise that required upgrades to three of the national flag carrier’s jets were not “readily dealt with” prior to them being barred from flying to the US. Valentine Grimes, who headed Bahamasair’s Board unde
Retailers in mixed Christmas verdicts
Bahamian retailers yesterday revealed a mixed Christmas performance, with some reporting up to 20 percent year-over-year sales increases but others bemoaning declines. Brent Burrows, general manager of CBS Bahamas (Commonwealth Building Supplies), t
Financial services faces 'more of same' in 2020
The Bahamian financial services industry can “expect more of the same” from global regulatory initiatives in 2020, a senior executive said yesterday, with financial technology (Fintech) driving its evolution. Tanya McCartney, the Bahamas Financial S
$40m repair bill for broken down roads
The government must invest $40m in roadworks throughout The Bahamas “just to get through this year”, a Cabinet minister has revealed, as it aims to plug “a huge hole” in deteriorating infrastructure.
DPM: Deals 'took advantage of the Bahamian people'
The deputy prime minister has blasted previous administrations for “taking advantage of the Bahamian people” by entering into contracts “nobody in a commercial sense” would agree to. K Peter Turnquest, pictured , told Tribune Business that “there’s
'Find fortitude' to shut Bahamasair
A member of the government’s Air Transport Advisory Board says “somebody need to finds the fortitude to shut down” Bahamasair after three of its jets were blocked from flying to the US. Carey Leonard told Tribune Business that the failure to install
Bahamasair probe: 'chips to fall where they may' over jets
Bahamasair’s chairman last night said he was investigating the airline’s failure to equip three of its jets in time to continue flying to the US, and said: “The chips will fall where they may.”Tommy Turnquest, pictured, the former Cabinet minister an
Abaco poultry supplier in 30% May production goal
An Abaco-based poultry supplier believes it can hit 30 percent of pre-Dorian production levels by this May with plans to exclusively target its most lucrative market. Lance Pinder, operations manager at Abaco Big Bird Poultry Farm, told Tribune Busi
