First international flight post-Dorian reaches GB
Grand Bahama on Tuesday welcomed its first international flight since the passing of Hurricane Dorian to the island’s Fixed Based Operator (FBO) at Grand Bahama International Airport. Representatives from the Ministry of Tourism and Aviation, Grand
'Taking Nassau from 1.0 to 10.0'
Bahamian institutional investors will be invited to raise 40-50 percent of the cruise port’s $100m bridge financing facility, with its developer pledging yesterday: “We’re taking Nassau from 1.0 to 10.0.” Michael Maura, Nassau Cruise Port’s chief ex
'Robust' Thanksgiving from 90k LPIA arrivals
A Cabinet minister yesterday voiced optimism for a “robust” Thanksgiving and Christmas tourism season after 90,000 persons moved through Lynden Pindling International Airport (LPIA) last week.Dionisio D’Aguilar, minister of tourism and aviation, spea
Govt debt trading on BISX misses target start date
The Central Bank’s governor yesterday expressed optimism that the trading of central government debt on BISX will begin before year-end despite the initial November deadline being missed.
Debt ratio forecasts are 'overly optimistic'
Fiscal observers yesterday warned that projections showing The Bahamas’ debt ratios will be kept in check are “very optimistic” given that this requires surpluses three times’ higher than achieved before. Robert Myers, the Organisation for Responsib
$250m cruise port overhaul targets Q1 2022 completion
Nassau cruise port’s operator is aiming to “double the yield” from passenger spending once the facility’s transformation into a destination product is completed by the 2022 first quarter.Michael Maura, Nassau Cruise Port Ltd’s chief executive, told T
Top insurers removed from ratings 'review'
The Bahamas’ two major life and health insurers were yesterday removed from “review” by the industry’s major rating agency despite suffering increased claims and policy lapses due to Hurricane Dorian.AM Best, in two separate releases, confirmed it ha
Sterling names Bahamian to head local IT operations
Sterling Global Financial, the $10bn asset manager, has appointed Timothy Maura to head corporate information technology (IT) for its Bahamas operations. “We are very pleased to announce the appointment of Timothy Maura, a specialist who brings with
Small business centre gives $400k for Dorian
More than $400,000 in loan and grant financing has been provided to Dorian-devastated entrepreneurs by the Small Business Development Centre (SBDC), its senior advisor said yesterday. Winston Rolle provided figures showing that, as of yesterday, som
PLP hits back at claim it 'wished Bahamas ill'
The Progressive Liberal Party (PLP) yesterday blasted the deputy prime minister for accusing it of “wishing the ill of a credit rating downgrade on The Bahamas”. Senator Fred Mitchell, pictured , the Opposition party’s chairman, said in a statement
DPM: Opposition 'working hard' to attract downgrade
The deputy prime minister yesterday accused the opposition’s leader of “working his hardest” to attract the credit rating agencies’ attention, as he asserted there was “no sign” of a Bahamas downgrade. K P Turnquest, rejecting Philip “Brave” Davis’
Businesses 'not screaming' over VAT refunds
Businesses “have not been screaming like in the past” over delayed VAT refunds, it was argued yesterday, despite the opposition leader’s assertion that the government is not paying legitimate claims. Gowon Bowe, former head of the Bahamas Chamber of
'Caught with pants down' on contractor regulation
Two past Bahamian Contractors Association (BCA) presidents yesterday said Hurricane Dorian had “caught the government with its pants down” when it came to the industry’s self-regulation.Both Leonard Sands and Stephen Wrinkle told Tribune Business tha
Govt urged to explore 'social' bonds to fund disaster relief
The government should explore the creation of “green” bonds to help finance future disaster recovery efforts, an Inter-American Development Bank (IDB) economist urged yesterday. Dr Allen Wright, addressing a Bahamas Society of Chartered Financial An
Abaco cays in BPL cables funding offer
A Cabinet minister yesterday said the government will have to give a “deadline” for several of the Abaco cays that have pledged to finance the provision of underground utility cables post-Dorian.Desmond Bannister, minister of works, told Tribune Busi
