Sebas' Titan gains $4.5m from over 1,000 investors
Sebas Bastian’s investment house yesterday said its Titan Balanced Fund had “met every expectation and more” by raising $4.5m from over 1,000 investors.Investar Securities, in a statement, said the fund - which had a lower investment entry threshold
'Tighter controls' with new Customs system
The introduction of Customs's new digital system will introduce "tighter controls" and cut fraud and corruption, the deputy prime minister said yesterday. Speaking at the launch of a public education campaign and registration drive for the Electron
ART OF GRAPHIX: Graphic differences impact image types
Rasterising is the process of turning vectors, text layers, layer effects or any other type of graphics into a simple bitmap image made of pixels. Raster graphics can be made from vectors and are a collection of coloured pixels that make up images.
Airbnb unveils offering expansion into hotels
Airbnb’s expansion into “boutique-type” hotels and local “experiences” was among the items discussed at The Bahamas Hotel and Tourism Association’s (BHTA) recent Board meeting.A variety of panellists addressed the challenges and opportunities faced b
New blueprint for Grand Lucayan unveiled today
A Cabinet minister and Grand Lucayan Board members will today visit Miami to view an updated blueprint for Royal Caribbean’s multi-million transformation of the resort and nearby harbour.
BOB shrugs off $6m default to resume profits
Bank of The Bahamas shrugged off a $6m default judgment bid by an ex-Cabinet minister’s companies, and resumed its slow recovery march, by posting $2.99m in 2019 full-year profits. The BISX-listed institution, which has twice had to be rescued by mu
Manufacturers: BPL is ‘wreaking havoc’ on sector
A Bahamian water supplier yesterday said it has spent “tens of thousands of dollars” replacing equipment damaged by frequent power outages, and blasted: “It’s wreaking havoc on us.”
‘Blow hole in budget’ to fix BPL emergency
A former finance minister yesterday urged the government to “blow a hole in the budget” to end the “national emergency” created by Bahamas Power & Light’s (BPL) generation crisis.
'Very confident' on Nassau handling Customs reforms
The Ministry of Finance’s top official is “very confident” that next month’s roll-out of Customs’ new system on New Providence will be “manageable” despite concerns voiced elsewhere.Marlon Johnson, acting financial secretary, told Tribune Business th
BISX-listed insurer in 29% profits rise
Colina Holdings (Bahamas) yesterday unveiled a 29 percent year-over-year increase in total net income to $8.9m for the 2019 first half.The BISX-listed holding company, revealing a $2m bottom line increase upon last year’s $6.9m, said net income attri
Restaurant chains ready for single-use plastics ban
A Bahamian restaurant operator yesterday said it had been moving towards eco-friendly packaging long before the government’s decision to ban Styrofoam and single-use plastics. Gandhi Pinder, Bamboo Shack’s vice-president of marketing and public rel
QC: ‘KYC Once’ will stop bank ‘dangling’
The government was yesterday urged to develop a “KYC Once Act” to cut through the banking industry red tape that has “left customers dangling in their business and personal lives”.
Business 'baffled' over insufficient reform progress
The private sector is “baffled” by the seemingly “insufficient action” to address The Bahamas’ ease of doing business woes, the Chamber of Commerce’s chief executive warned yesterday. Jeffrey Beckles told Tribune Business that the government and pri
Regulator 'won't be strong armed' on Sky Bahamas
SKY Bahamas’ principal yesterday vowed the airline “will rebound” as he and the aviation regulator again clashed over the airline’s continued inability to fly. Captain Randy Butler, the airline’s president and chief executive, doubled down on claims
BPL’s $95m Wartsila deal hit existing plant
Bahamas Power & Light’s (BPL) decision to direct all its financing towards the $95m Wartsila acquisition left it “unable to meet maintenance goals”, a union leader charged yesterday.
