Multi-billion pension deficit 'high priority, not top' for govt
The deputy prime minister says resolving the government’s own looming multi-billion dollar pension crisis “is certainly a high priority but not top of the list”.KP Turnquest, in a recent interview with Tribune Business, said the Minnis administration
Goombay strikes Harbour Island
Residents and visitors to Harbour Island were able to celebrate all things Bahamian at the Ministry of Tourism’s annual Goombay Summer Festival from July 5-7. Working with industry partners in Long Island to extend festivities that began with the Am
Bahamian to address safe gaming seminar
A Bahamian compliance professional is joining the speaker line-up for the 33rd National Conference on Gambling Addiction and Responsible Gambling. Cheryl Bazard, pictured , principal of Bazard and Company, will address the premier educational and ne
PM promises on small business capital access
The prime minister has pledged the government’s commitment to ensuring smaller companies have access to capital as a means of economic empowerment.Addressing the Former Hospitality Professionals Awards Banquet, which honoured tourism pioneers for the
Post Office exposure '$17m and something'
The government’s first Post Office partner yesterday warned that taxpayers may be exposed to a “$17m something claim” after a proposed settlement failed to proceed at the last minute. Scott Godet, who agreed a public-private partnership (PPP) with t
Marsh Harbour ‘closure’ crisis
Abaco's main shipping port faces a 'make or break' inspection tomorrow that could result in its closure and derail the island's economy by halting virtually all cargo trade with the US.
Sarkis urges dismissal of 'moot' CCA oppression
Sarkis Izmirlian, pictured, yesterday urged that the “shareholder oppression” claim against him by Baha Mar’s main contractor be dismissed because it is “moot” and can only be heard in The Bahamas.The latest legal filings by Baha Mar’s original devel
BOB: $10m claims were ‘abandoned’ by default pursuers
Bank of The Bahamas has accused companies jointly owned by an ex-Cabinet minister’s family trust of “already abandoning” claims worth $10m in their bid to enforce a default judgment.
Bahamas seeking tourism boost via Canada air deal
The Bahamas is hoping its just-signed air transport agreement with Canada will boost tourist arrivals from that nation by encouraging increased airlift from its major cities. Dionisio D’Aguilar, minister of tourism and aviation, said the agreement w
Grand Lucayan LOI in 30-day extension
The government has extended the Letter of Intent (LOI) for the Grand Lucayan’s purchase by 30 days as ITM and Royal Caribbean seek to “tie down” their airlift and sealift plans. Well-placed Tribune Business sources confirmed last week that the LOI,
'Paradigm shift' for technology hub, logistics
A drone operator yesterday said its multi-million dollar investment will produce both “a paradigm shift in Bahamian logistics” and a much-needed boost for the Grand Bahama technology hub. Arthur Frisch, co-founder of Hogfish Ventures, told Tribune B
Contract work fear for middle classes
A trade union leader has voiced fears that the increasing use of contract workers by Bahamian employers threatens to further “erode” an already-shrinking middle class. Bernard Evans, the National Congress of Trade Unions (NCTU) president, told Tribu
Dive operators 'thrown under bus' on sharks
The principal of Stuart Cove’s Dive Bahamas yesterday said the industry had been “thrown under the bus” by the government’s response to recent shark-related incidents. Stuart Cove, revealing that business levels had returned to normal “within a week
Atlantis, PI to host jet ski championship
Atlantis will serve as the host hotel for a three-day championship event this November that marks the climax of an international jet ski race series.Paradise Island will be the venue for the P1 AquaX Bahamas World Championship, set for November 8-10,
Winterbotham continues 'strong' BISX listing year
A Bahamian fund administrator has continued its “strong year” of sponsoring BISX listings by adding another to the exchange’s roster. The Winterbotham Trust Company also acts as administrator for World Oil System Fund, which has completed the listin
