CIBC Trust names new top executive
CIBC Trust Company (Bahamas) Limited has appointed Perry A Rolle as its managing director.Mr Rolle, a career banking professional with more than 25 years’ experience, has worked in senior roles in both an operational and fiduciary capacity. In his mo
IAN FERGUSON: The art of success in entrepreneurship
Successful entrepreneurship is both an art, and a science, that many seeking to own enterprises fail to grasp. It must never be entered into inadvisably. Hundreds fail each year in our local context because, perhaps, they have not counted the costs t
FINCO: Profits cut 35% with $125m bad loans
FINCO’s $125m bad loan pile resulted in a 35 percent cut to the mortgage lender’s profits for the nine months to end-July 2018, with little sign of improvement in key indicators.Management, in a statement to shareholders, blamed the more than $6.5m d
Lucayan chairman targets $6-7m Hutchison 'recovery'
The Grand Lucayan’s chairman yesterday revealed he plans to “go after” Hutchison Whampoa to recover the $6-$7m Memories lease guarantee payment, as he hit back at the PLP’s leader.Michael Scott, blasting Philip Davis’s criticisms over the upcoming $2
Govt urged: Avoid 'rapid fire tax increase' with NHI
The Government must avoid “rapid fire tax increases” that undermine economic growth, a top accountant warned yesterday, suggesting it may have to “phase-in” its two percent NHI payroll tax.Gowon Bowe, pictured, the Bahamas Institute of Chartered Acco
OECD's permanent residency targeting 'not really of concern'
The Deputy Prime Minister yesterday said the OECD’s targeting of the Bahamian economic permanent residency regime was “not really of concern” because it is not used for tax purposes.K Peter Turnquest, pictured, while agreeing it was “unfortunate” tha
Judge dismisses Margaritaville war
Margaritaville’s Bahamian franchisee yesterday suffered a major reversal in its bid to block the brand’s $250m tie-up with The Pointe when a US judge dismissed its lawsuit.Judge William Dimitrouleas, sitting in the south Florida federal court, ruled
ART OF GRAPHIX: Drawing the correct terms on picture use
What is the difference between photos, pictures, images, drawings and clip art? Even designers describe them all as photos, while many others simply refer to them as pictures. This helpfully avoids the dilemma of deciding which term to use, but does
Officials visit Estonia for e-government training
Senior officials travelled to Estonia for a training exercise designed to further the introduction of e-government, and paperless, more efficient services, in Grand Bahama.Kwasi Thompson, minister of state for Grand Bahama, and Elise Delancy, permane
Govts Post Office rent 87% off peak
THE Government is paying up to $90 per square foot for rental space, a Cabinet Minister said yesterday, describing the 87 percent reduction offered to the Post Office as “unprecedented”.Brensil Rolle, minister of public service, seeking to justify th
Development Bank exploring alternative funding mechanisms
Senior Bahamas Development Bank (BDB) executives met with the Securities Commission to discuss the regulator’s Crowd Funding push and other capital markets instruments.Dave Smith, the BDB’s managing director, said Crowd Funding and products such as S
Small Business Centre in family island roll-out
The Small Business Development Centre (SBDC) has kicked-off its Family Island roll-out on Exuma, meeting with the island’s Chamber of Commerce and holding a Town Hall meeting in Georgetown.Davinia Blair, the SBDC’s executive director, acknowledged th
First Post Office PPP in $4m limbo
The Government’s first Post Office partner yesterday revealed he has been left exposed to a near-$4m loss, and said: “I’ve never been in a situation like this before.”Scott Godet, who agreed a public-private partnership (PPP) with the former Christie
New $100m NHI will be 'hard sell'
The restructured National Health Insurance (NHI) scheme’s basic coverage will cost $100m but avoid “creating another bloated government bureaucracy”, a Cabinet minister said yesterday.Dr Duane Sands, minister of health, told Tribune Business that the
Manufacturers blast NHI's $10m 'sugary drinks tax' proposal
Manufacturers yesterday hit back at plans to raise between $4-$10m from a “sugary drinks tax”, arguing that these products cannot be blamed for The Bahamas’ health crisis.Walter Wells, Caribbean Bottling Company’s president and chief executive, told
