BISX's 20-year wait for govt debt ends
The Bahamian capital markets will take “a giant step forward” in mid-January 2019 when BISX’s 20-year wait to list and trade government debt finally ends.Keith Davies, pictured right, the Bahamas International Securities Exchange’s (BISX) chief execu
GB Power's $18m 'bold statement'
GB Power Company will invest more than $18m in renewable energy and smart technology over the next two years as part of a “bold statement” to improve reliability and lower energy costs.David McGregor, the utility’s president and chief operating offic
Technical problems cause 'disruption' in Fidelity branches
A BISX-listed commercial bank yesterday confirmed it was working to address “technical issues” that had caused “branch disruptions” for its client base.Gowon Bowe, Fidelity Bank (Bahamas) chief financial officer, told Tribune Business: “We are experi
'Only way is up' over Bahamas business ease
A Cabinet minister says “the only way to look is up” when it comes to The Bahamas’ 118th ranking in the World Bank’s “ease of doing business” index.Kwasi Thompson, pictured, minister of state for Grand Bahama, told the island’s second Technology Summ
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
