'Very confident' on Nassau handling Customs reforms
The Ministry of Finance’s top official is “very confident” that next month’s roll-out of Customs’ new system on New Providence will be “manageable” despite concerns voiced elsewhere.Marlon Johnson, acting financial secretary, told Tribune Business th
BISX-listed insurer in 29% profits rise
Colina Holdings (Bahamas) yesterday unveiled a 29 percent year-over-year increase in total net income to $8.9m for the 2019 first half.The BISX-listed holding company, revealing a $2m bottom line increase upon last year’s $6.9m, said net income attri
Restaurant chains ready for single-use plastics ban
A Bahamian restaurant operator yesterday said it had been moving towards eco-friendly packaging long before the government’s decision to ban Styrofoam and single-use plastics. Gandhi Pinder, Bamboo Shack’s vice-president of marketing and public rel
QC: ‘KYC Once’ will stop bank ‘dangling’
The government was yesterday urged to develop a “KYC Once Act” to cut through the banking industry red tape that has “left customers dangling in their business and personal lives”.
Business 'baffled' over insufficient reform progress
The private sector is “baffled” by the seemingly “insufficient action” to address The Bahamas’ ease of doing business woes, the Chamber of Commerce’s chief executive warned yesterday. Jeffrey Beckles told Tribune Business that the government and pri
Regulator 'won't be strong armed' on Sky Bahamas
SKY Bahamas’ principal yesterday vowed the airline “will rebound” as he and the aviation regulator again clashed over the airline’s continued inability to fly. Captain Randy Butler, the airline’s president and chief executive, doubled down on claims
BPL’s $95m Wartsila deal hit existing plant
Bahamas Power & Light’s (BPL) decision to direct all its financing towards the $95m Wartsila acquisition left it “unable to meet maintenance goals”, a union leader charged yesterday.
Water Corp: Two-thirds of its debt ‘delinquent’
More than two-thirds of the Water & Sewerage Corporation’s $12.7m debt to its main BISX-listed supplier was “delinquent” at mid-year despite this sum being cut by $5m since 2018 year-end.
BTC voluntary separation roll-out 'in coming days'
The Bahamas Telecommunications Company’s (BTC) chief executive has confirmed it will roll-out its latest employee voluntary separation programme (VSEP) “in the coming days”.Garfield “Garry” Sinclair, in a statement, said: “BTC reaffirms our commitmen
Govt listing to take BISX close to $9bn
The total market value of all securities listed on the Bahamas International Securities Exchange (BISX) will be just short of $9bn once the government completes the listing of its debt. The stock exchange’s 2019 first half report, released yesterday
Key Morton Salt issues 'remain outstanding'
The lead negotiator for Morton Salt’s line staff union says that despite “some movement” in talks between the two sides the key issues of salary increases and medical insurance remain unresolved.Obie Ferguson, who is also the Trades Union Congress (
Long-serving tourism executive is rewarded
A Ministry of Tourism executive has won the Apex Award presented annually by Black Meetings and Tourism Magazine.Linville Johnson, who is responsible for the Ministry’s multi-cultural market development, joins previous winners such as tourism ministe
Baha Mar receivers ‘secretly gave Sarkis’ papers to Chinese’
Sarkis Izmirlian has accused Baha Mar’s former receivers of violating a Bahamian Supreme Court Order by passing confidential legal documents to the project’s main contractor.
URCA investigates ‘tightrope walking’ BPL over outages
Regulators have initiated an investigation into load shedding at Bahamas Power & Light (BPL), which admitted yesterday it is “walking a tightrope” every day to keep the power on.
Minister: Jobs rise 'more meaningful' than under PLP
A Cabinet minister yesterday hailed the ten-year low in the national unemployment rate as “more meaningful” jobs growth than that achieved by the former administration’s “failed policies”.
