GB Power chief: Renewables can be 50-60% of generation
GB Power’s top executive yesterday said renewable energy can ultimately become 50-60 percent of the island’s generation mix, but warned: “You won’t see Florida prices any time soon.”David McGregor, the utility’s president and chief operating officer,
Family Guardian ratings upheld on organic growth
Family Guardian’s continued organic growth resulted in the renewal of its financial strength ratings despite concerns over exchange controls that restrict its investments and expansion.AM Best, the leading international insurance rating agency, affir
IAN FERGUSON: Ethical workplaces key to corporate success
A company’s reputation is often determined by the extent to which its employees demonstrate good workplace ethics. Ethics guide how people conduct themselves in every aspect of their lives, including on the job. It is the search for the greatest unde
EY staff qualify as public accountants
Two staff with EY Bahamas recently passed their exams to qualify as Certified Public Accountants (CPAs).Ashley Darville and Fieasha Johnson join a group of young Bahamians who are employed with the firm, and aiming to advance their careers locally an
Summit 'profitability ratios' hit the peak
Summit Insurance has seen its creditworthiness maintained by the insurance industry’s top rating agency after its “profitability ratios” outperformed rivals.AM Best reaffirmed the property and casualty insurer’s financial strength rating of A- (Excel
Morton Salt union 'insulted' by offer
Industrial unrest is brewing at Morton Salt, with the union representing line-staff yesterday proclaiming itself “insulted” by the company’s industrial offer and threatening to strike.Morton Salt, though, argued that its offer was “fair” for “both o
Marinas eye 50% boater rise in '18
Bahamian marinas believe 2018 could produce a 50 percent year-over-year increase in visiting boaters as the country moves to generate further interest in this sector.“In 2018, the Ministry of Tourism and Aviation saw boating numbers double in some is
Web shop QC slams govt for 'disrespect'
The Government was yesterday accused of “disrespecting” the web shop industry by setting an arbitrary end-of-week deadline to resolve their differences over the five percent patron tax.Wayne Munroe QC, the attorney representing the Island Game and Pa
'Way too early to celebrate' BOB's 199% profits rise
A prominent Bank of The Bahamas (BOB) shareholder yesterday warned it was “way too early to celebrate” its 199 percent first quarter profits increase as multiple concerns remain. Darron Cash, pictured, the former Free National Movement (FNM) chairman
Top official: Shoddy accounting justifies new licence regime
THE Ministry of Finance’s top official yesterday defended the new business licence regulations on the basis that too many companies’ financial statements “do not stand up to scrutiny”.Marlon Johnson, pictured, the financial secretary, said this was t
Top official confident of business licence 'happy medium'
The Ministry of Finance’s top official was yesterday “fairly confident” that the new business licence regulations can be adjusted to achieve the Government’s goals without being “onerous” for business.Marlon Johnson, speaking to Tribune Business afte
Bahamas' WTO membership is 'no fait accompli'
THE Government’s chief World Trade Organisation (WTO) negotiator yesterday said The Bahamas’ accession was no “fait accompli”, telling accountants: “I’m not tied to any outcome.”Zhivargo Laing, the former Cabinet Minister, told attendees at the Baham
Govt targets Immigration revamp for tech hub boost
The Government is reviewing draft legislation for a visa product aimed at attracting the highly-skilled workers and companies it needs to realise its Grand Bahama technology hub ambitions.The prime minister, opening the second Grand Bahama Technology
BTC union in trade dispute
The trade union representing Bahamas Telecommunications Company (BTC) line staff yesterday filed a dispute over the company’s alleged failure to enter “good faith” talks on a new industrial deal. The Bahamas Communications and Public Officers Union (
'Overkill': Govt hit overbank account demands
The Bahamian private sector yesterday slammed business licence-related demands for their bank account details as “overkill”, and asked: “When’s it going to be easier to do business?”Michael Maura, the Bahamas Chamber of Commerce and Employers Confede
