Bahamas 'can't stick head in sand' on artificial intelligence
The Bahamas has been urged to “get on that crest” of adopting artificial intelligence (AI) for use in business and education, amid warnings that it cannot “stick its head in the sand”.The upcoming Bahamas Business Outlook 2020 conference, scheduled f
Abaco 'not even close' to Dorian rebuild workforce
Abaco is “not even close” to the manpower levels required for post-Dorian reconstruction, the island’s Chamber of Commerce has confirmed, while asserting that all workers must be here “legally”. Ken Hutton, responding to assertions by former finance
Bahamas' location can mitigate US-Iran fall-out
The Bahamas’ proximity to the US and safe reputation may mitigate any tourism fall-out as a result of heightened Middle East tensions, a Cabinet minister said yesterday.Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business that
Sir Franklyn: PM has 'no difference-making ideas'
The prime minister has “no viable ideas” for improving the lives of ordinary Bahamians, a prominent businessman has blasted, arguing that the Over-the-Hill revival has made little impact to-date. Sir Franklyn Wilson, the Arawak Homes and Sunshine Ho
Auto dealers target 15-20% sales surge
Bahamian auto dealers yesterday said they are targeting a 15-20 percent sales increase for 2020 amid expectations that the sector could enjoy its best year in more than a decade. Ben Albury, Bahamas Bus and Truck’s general manager, told Tribune Busi
Haitian deportations 'hit Dorian rebuilding'
A former finance minister yesterday warned that the speed of Abaco’s post-Dorian reconstruction could be undermined by the government deporting much of the necessary workforce back to Haiti.James Smith, also an ex-Central Bank governor, told Tribune
Fishermen hail 45% increase in crawfish prices
Bahamian fishermen yesterday hailed this season’s 45 percent increase in crawfish prices to $16 per pound as “the best we have ever had” since they started in the industry. Keith Carroll, the Bahamas Commercial Fishers Alliance’s (BCFA) vice-chairman
Real estate sales 'pulled down' 10% by offline Abaco
A prominent Bahamian realtor yesterday predicted that total real estate market sales volumes will be “pulled down” by ten percent in 2020 due to Abaco being taken offline by Hurricane Dorian.John Christie, HG Christie’s president and managing broker,
Consumers 'disgruntled' on plastic bag transition
Super Value’s principal yesterday admitted “there are disgruntled customers” over the 25 cent per plastic bag charge, adding that the transition had “not been accepted as I had hoped”. Rupert Roberts, pictured, told Tribune Business: “I would say tha
Long Island vacation rentals hit by Dorian
Long Island has been hit by Hurricane Dorian fall-out, its Chamber of Commerce president revealed yesterday, with vacation rental bookings significantly down on prior years. Cheryl de Goicoechea told Tribune Business that her own Airbnb properties “
Farmers to receive $1.2m Dorian aid during January
A Cabinet minister yesterday said the government will this month release some $1.2m to deal with farmers’ “emergency needs” some four months after Hurricane Dorian’s passage. Michael Pintard, minister of agriculture and marine resources, told Tribun
Miller's lease breach damages 'over $66m'
A former Cabinet minister may seek more than $66m in damages after the Supreme Court found that the government’s lease of his shopping plaza is “valid and binding”, it was revealed yesterday.Damian Gomez QC confirmed to Tribune Business that Justice
Deltec slams ‘inaccurate’ claims on broker’s failure
A major Bahamian financial institution has slammed “inaccurate and unsubstantiated” allegations that it played a “conflicted” role in the collapse of a local investment advisory firm.
'Pay attention to real estate trends'
A prominent Bahamian realtor is urging vendors not to over-price their properties given that data shows the average selling price can be up to 40-50 percent below the initial listing. Mario Carey, pictured , founder of Better Homes and Gardens Real
Failed broker paid 'excessive' cash to related parties
A Bahamian investment adviser collapsed into insolvency due to “mismanagement” centred on internal conflicts and the payment of “excessive cash” to related parties for client introductions. Ed Rahming, Pacifico Global’s liquidator, told the Supreme
