Deltec refutes claimed link to launder scheme
Deltec Bank & Trust yesterday denied that any of those charged in relation to a $1.2bn Venezuelan money laundering scheme was a client or account holder with itself.
NHI consultations switch to Exuma
Public consultations over the proposed National Health Insurance (NHI) scheme will now move to Exuma following a series of meetings on Grand Bahama.The NHI Authority (NHIA), which will oversee and administer the revised NHI model, met with local resi
Chamber executive fears for energy cost 'survival'
Bahamian companies may have to look at cutting staff amid increased taxes and rising energy costs, a Chamber of Commerce executive yesterday asking: “How are we going to survive?”Debbie Deal, chair of the Chamber’s energy and environment committee, q
ART OF GRAPHIX: Understanding who you're designing for
Tradition counts for little when it comes to having a career in graphic design. I have seen quite a few changes within the industry, but the objectives and practice of “good” design have not altered.Practicing design does not always mean understandin
Regime change for $80m dormant funds
REFORMS to laws governing $80m in dormant bank accounts were tabled in Parliament yesterday.The planned changes to the Central Bank of the Bahamas Act are designed to enable the regulator to deal more effectively with such accounts, which have to be
Grand Lucayan managers facing $2m payout divide
The Grand Lucayan and its management union are $2m apart on the value of voluntary separation packages, with the latter’s attorney yesterday arguing such payouts are not covered by law. Obie Ferguson, pictured, who is acting for the Bahamas Hotel Man
US warns its banks on Bahamas dealings
The US government’s call for greater scrutiny of The Bahamas will not have any “immediate or significant fallout” for this nation’s key banking relationships, a senior banker said yesterday.Gowon Bowe, the Clearing Bank Association’s (CBA) chairman,
China won't replace our 'bread and butter'
The Bahamas “cannot ignore” China’s fast-growing tourism market even though the US will “always be our bread and butter”, the Minister of Tourism argued yesterday.Dionisio D’Aguilar, who has just returned from leading a joint industry-government dele
Bahamas' 130th internet speeds placement not 'best measure'
The Bahamas’ ranking as the world’s 130th most expensive country for broadband internet is not a “a fair measurement” of its affordability, a technology entrepreneur argued yesterday.
Minister: 'Don't pull punches' on NHI fears
Healthcare industry stakeholders were yesterday told by a Cabinet minister not to “pull any punches” by holding back on concerns over the revised National Health Insurance (NHI) model.Dr Duane Sands, pictured, minister of health, said the proposal wa
BPL examines 'all options' over fuel
BAHAMAS Power and Light’s (BPL) chairman yesterday pledged it is “looking at all options” to secure cheaper fuel sources amid fierce consumer criticism of high electricity bills.Dr Donovan Moxey told Tribune Business: “We are looking at all options i
BISX briefs Rotary on capital markets' future
The Bahamas International Securities Exchange’s (BISX) chief operating officer gave his take on the capital markets’ future during a recent speech to Rotary Club of Nassau Sunrise members.Holland Grant, who also spoke about the stock exchange’s histo
Tourism sector targets Chinese travel market
The Ministry of Tourism and Aviation (BMOTA) teamed with executives from Atlantis, Baha Mar, The Pointe and Majestic Tours to expose The Bahamas to the Chinese tourism market.Dionisio D’Aguilar, minister of tourism and aviation, led the combined publ
Ministry 'flagrantly abused' multiple Bahamian singers
An ex-beauty queen has accused the Ministry of Tourism of “flagrantly abusing” Bahamian singers with a “take what we want, don’t pay and deny” approach to paying for use of their songs.Khiara Sherman, the former Miss Bahamas Universe-turned-songstres
Grand Lucayan payout demands 'extravagant'
The Grand Lucayan’s chairman was yesterday locked in meetings over the “extravagant” voluntary separation payments demanded by the two unions representing the resort’s staff.Michael Scott told Tribune Business he was negotiating with representatives
