Tourism minister: BPL blackouts 'embarrassing'
The minister of tourism yesterday admitted that the frequent power outages are “very embarrassing” for the industry, and said: “Relief can’t come soon enough.”Dionisio D’Aguilar told Tribune Business that the government is “striving every day” to fix
Chamber chief urges income inequity focus
The Chamber of Commerce’s chief executive yesterday said that despite the “encouraging” 1.2 percentage point decline in the national jobless rate, income inequality and unemployment among men must be addressed.Jeffrey Beckles told Tribune Business:
Straw workshop attendees praised as 'quick learners'
Twenty-two Bahamian women created an array of straw products during a recently-completed workshop facilitated by the Bahamas Agricultural and Industrial Corporation (BAIC). The participants in the Straw Craft Workshop Stage II produced handbags, bea
Palm Cay marina wins fifth successive award
Palm Cay Marina, located on New Providence’s southeastern coast, has sailed away with the coveted title of boaters’ favourite marina in The Bahamas for the fifth consecutive year.Demaro Demeritte, the marina dockmaster, revealed the latest win after
Business slams 500% Customs burden rise
The government yesterday promised that Customs’ new system will “smooth out” after furious Abaco businesses blasted a “400-500 percent” increase in the goods clearance workload. Ken Hutton, the Abaco Chamber of Commerce’s president, estimated this
Customs warns: No 'short cuts' on new system
The Customs Department yesterday apologised to Abaco’s private sector for difficulties caused by its new system, but warned that previous “short cuts” are now no longer possible. In a statement to Tribune Business responding to concerns raised by th
PM urged: ‘Take a knife and slice red tape apart’
The prime minister was yesterday warned he must urgently “take a knife and slice through the red tape” otherwise investors will “simply say goodbye” to The Bahamas.
Fidelity pledges no 'false euphoria' on planned stock split
Fidelity Bank (Bahamas) yesterday pledged that its proposed early 2020 stock split will guard against the “false euphoria” that such moves sometimes provoke in local shareholders.Gowon Bowe, the BISX-listed commercial bank’s chief financial officer,
BPL crisis: What else can we say?
The Chamber of Commerce’s chief executive yesterday said there is “not much else to say” over the Bahamas Power & Light (BPL) crisis other than “hope resolution is in sight”.
Bahamas among nominated Butterfield Trust subsidiaries
The Bahamas is among the jurisdictions where Butterfield has been shortlisted in the Citywealth International Finance Centre (IFC) Awards 2020. The bank has been nominated for Trust Company of the Year in four categories: Switzerland; Hong Kong and
Controversy will 'force BTC to perform better'
The Bahamas Telecommunications Company’s (BTC) ultimate parent has “almost been forced to do better” by its chief executive’s controversial comments, a trade union leader said yesterday.Bernard Evans, the National Congress of Trade Unions (NCTU) pres
Top Works officials in 'resignation' bust-up
Two senior Ministry of Works officials were yesterday embroiled in an extraordinary bust-up that saw one publicly call for the other’s resignation - a demand that was quickly dismissed. Melanie Roach, director of works, brushed aside the calls by Om
$580m project fears on 'over-taxed' BEST
Opponents of a $580m south Abaco resort project yesterday voiced a lack of confidence in the ability of “over-taxed and under-resourced” government agencies to properly assess its impacts. The Sustainable South Abaco coalition, in e-mailed replies t
Compass Point owner 'speaks for 85% of us'
Compass Point’s owner is speaking for “85 percent of business persons in The Bahamas”, the DNA’s ex-leader asserted yesterday, adding: “I sympathise with him big time.” Branville McCartney told Tribune Business that Leigh Rodney’s decision to go pub
Sky chief: 'If it's me I'll step down'
Sky Bahamas principal last night vowed to step aside if he was the only obstacle to the airline restarting operations, revealing he had told his managers to prepare for a Saturday resumption.Captain Randy Butler, speaking after he met with the airlin
