Colombian CIBC sale goes ahead
The deputy prime minister has voiced optimism that CIBC’s sale of majority control in its Bahamian and regional affiliate will be “positive” given the buyer’s reputation for innovation.
Customers warned: No more slack on BPL bills
Servicing Bahamas Power & Light’s (BPL) $650m refinancing will end the “buddy-buddy system” that has enabled delinquent electricity payers to evade disconnection, a union leader is warning.
Bahamians lead talks at compliance summit
Bahamian panelists focused on disruptive risks to the financial services industry, and how to manage change through strategic communications and compliance leadership, at a regional conference.Attending the 13th annual Caribbean Regional Compliance A
Yachting group comes to Bahamas' assistance
Yachting enthusiasts have moved to aid Hurricane Dorian relief efforts by employing eight private yachts to provide help to Abaco and Grand Bahama. YachtAid Global (YAG) is a non-profit organisation (NGO) dedicated to undertaking conservation, human
GB water supplier sets out post-Dorian strategy
Grand Bahama’s water supplier is seeking out new fresh reserves and aiming to revive an old wellfield after virtually all its existing sources were compromised by Hurricane Dorian’s storm surge. The Grand Bahama Utility Company Limited (GBUC), in a
Bahamas-based family office in Fintech move
A Bahamas-based multi-family office has entered the Fintech (financial technology) space through the November 1 launch of its digital finance platform.Holt Financial, which is based in Albany’s Financial Centre, said in a statement that the new facil
Making Bahamians the guests, not the workers
Caribbean Nobel Laureate, the late Derek Walcott, had very strong and emotive opinions against modern-day tourism. While his personal convictions bemoaned the industry in some respects, there is an unheralded kind of tourism here in The Bahamas - one
Fledgling brewery is SBDC's highest raise
A fledgling brewery has received $300,000 in financing through the Small Business Development Centre (SBDC), making it the latter’s highest-funded client to-date.Royal Bank of Canada (RBC) Bahamas has provided 2 B Investments Ltd with $211,000, or al
Insurers: Dorian losses increase to $1.5bn-$2bn
Estimates for Hurricane Dorian’s total insured losses were yesterday said to have increased to between $1.5bn to $2bn as the entire Bahamian industry was removed from international “review”. Anton Saunders, RoyalStar Assurance’s managing director, t
Ex-GBPA attorney tells govt: Buy GB harbour and airport
An ex-Grand Bahama Port Authority (GBPA) attorney yesterday urged the government to buy Freeport Harbour Company as well as the island’s airport to prevent “an enormous drain” on the Treasury.
Minister: BPL must not ‘burden’ prompt payers
A Cabinet minister yesterday pledged that Bahamas Power & Light (BPL) will clamp down on delinquent bill payers so that compliant customers are not penalised in servicing its $650m refinancing.
BTC owner: Abaco 'a humanitarian disaster'
The Bahamas Telecommunications Company’s (BTC) owner is eyeing fixed wireless solutions to reduce construction costs associated with rebuilding network infrastructure in Abaco post-Dorian. Balan Nair, Liberty Latin America’s (LiLAC) chief executive,
Pharmacists lose licence renew bid
Twelve pharmacists have seen their bid for an injunction to force the industry’s self-regulatory body to renew their licences rejected by a Court of Appeal judge. Appeal justice Roy Jones turned down their application on the grounds that the Bahamas
IAN FERGUSON: Reaping rewards from mentorship
Mentorship is not a new term in our corporate environment. For centuries we have had formal and informal mentors teaching, training and preparing the next generation of leaders. Mentorship is typically defined as the relationship in which a more expe
Brewery pledges Abaco rebuilding
The Bahamian Brewery and Beverage Company has integrated all Abaco staff into its Nassau operations while it rebuilds a retail outlet that was reduced to a shell by Hurricane Dorian.“Abaco holds a special place in my heart. The people, the land, and
