60% non-insurance 'huge factor' for Abaco's rebuild
The Abaco Chamber of Commerce’s president yesterday warned that the 60 percent non-insurance rate will be a “huge factor” limiting the pace and extent of the island’s recovery.Ken Hutton told Tribune Business that the relatively low level of insuranc
'Don't squander chance' for better disaster risk oversight
The Bahamas “must not squander the opportunity” offered by Hurricane Dorian to develop a better “framework” for managing disasters and other major risks, a specialist urged yesterday.Emmanuel Komolafe, a locally-based risk management professional, sa
Renewable provider ‘totally disagrees; on URCA pay proposal
A renewable energy provider yesterday likened the latest regulatory proposal to private well users selling all water they produce to the Water & Sewerage Corporation before consuming it.
Attorney: Use Carnival deal to fund airport
A top Freeport attorney today urges the government to ensure that the Grand Bahama Port Authority’s (GBPA) owners use their Carnival port proceeds to finance airport restoration.
IDB will determine Dorian's full effect
The full cost of Hurricane Dorian could be determined within the month after the Inter-American Development Bank (IDB) conducts its assessment, the deputy prime minister said yesterday. K Peter Turnquest confirmed that the multilateral lender will c
BTC's 'marked progress' on infrastructure rebuild
The Bahamas Telecommunications Company’s (BTC) chief executive says the carrier has made “marked progress” in restoring its Dorian-devastated network in Grand Bahama and Abaco.Garfield “Garry” Sinclair said: “In the last three weeks we’ve made marked
Smart phone launch kicks-off BTC's small business month
The Bahamas Telecommunications Company (BTC) has launched its Small Business Month by unveiling the Samsung Galaxy Note 10 - the latest in a new line of premium smart phones.Garfield “Garry” Sinclair, BTC’s chief executive, said: “We are continuing t
How to secure GB airport's rebuilding
Dear Editor, I have been gratified by the growing realisation that Grand Bahama International Airport is an essential instrument, and critical, to the rehabilitation and revitalisation of the Grand Bahama economy.Without this our industrial plant will
Dorian exacerbates 'huge infrastructure challenges'
The Bahamas faced “serious challenges” with aging infrastructure prior to Hurricane Dorian, the Inter-American Development Bank (IDB) said yesterday, with public investment “insufficient”.The multi-lateral lender, unveiling its Caribbean Regional Qua
Sky principal: 'I won't play dead' despite $4.2m loss
Sky Bahamas has incurred costs worth $4.2m “and counting”, it was revealed yesterday, as it continues to battle Bahamian regulators over the rejection of its Air Operator Certificate (AOC).Captain Randy Butler, the airline’s president and chief execu
Central Bank says 'healthy growth' to resume from 2021
The Central Bank yesterday forecast that The Bahamas will “resume healthy economic growth” in 2021 following a potential Dorian-induced contraction next year as rebuilding gathers pace.The banking and monetary policy regulator, unveiling a much-chang
Govt hit deficit goal at $222m
Hurricane Dorian may have rendered it somewhat academic, but the Central Bank yesterday affirmed the government hit its 2018-2019 deficit target by near-halving the “red ink” at $222.4m.The banking and monetary policy regulator, unveiling its pre-Dor
URCA: 'All must carry their fair energy share'
Energy regulators yesterday said renewable providers had “misunderstood and misinterpreted” proposed reforms designed to ensure “equitable treatment for all stakeholders”.Shevonn Cambridge, the Utilities Regulation and Competition Authority’s (URCA)
Shipyard unveils first post-Dorian dry-dock
Grand Bahama Shipyard yesterday said it has dry-docked its first vessel since re-opening shortly after Hurricane Dorian hit The Bahamas early last month. Taipei Trader , a 9,932-ton containership operated by Lomar Shipping, docked at the number thre
Bahamas promotes wealth management in New York
The Bahamas has hosted a New York breakfast briefing on how international financial centres (IFCs) can be used to grow and maintain private family wealth. The Bahamas Financial Services Board (BFSB) teamed with the Ministry of Financial Services to
