Mortgage Corp 'bends overbackward' for troubled loans
The Bahamas Mortgage Corporation (BMC) “bends over backwards” to work with troubled borrowers, a Cabinet minister said yesterday, adding that it is moving to improve a dire financial position.Romauld Ferreira, minister of the environment and housing,
Tourism in second loss to former beauty queen
The Ministry of Tourism has suffered a second defeat in its battle with an ex-Bahamian beauty queen-turned-songstress after a US judge dismissed its “breach of contract” counterclaim.Senior judge Nancy Atlas, sitting in the southern Texas federal cou
Water chairman to Davis: ‘Would you operate in red?’
The Water & Sewerage Corporation’s chairman yesterday hit back at the Opposition leader’s criticism of its mass disconnection exercise, asking: “Would he run his business in the red?”
Taxi drivers urge end to plates bar
BAHAMIAN taxi drivers yesterday urged the Government to end the two-decade old moratorium on new plates, with the union’s newly-elected president describing reform as a “daunting task”.Wesley Ferguson, the Bahamas Taxi Cab Union (BTU) chief, told Tri
Central Bank: We're dealing with independence slippage
The Central Bank yesterday said it had already taken action to reverse the slippage in its “independence” cited by a newly-released Inter-American Development Bank (IDB) report.The study, titled Nurturing Institutions for a Resilient Caribbean, argue
Ex-BCA chief's concerns over 'political activist'
A former Bahamian Contractors Association (BCA) president yesterday questioned whether a controversial political activist is “the best candidate” for a key role in regulating construction.Stephen Wrinkle, pictured, told Tribune Business it was unclea
Govt key to poultry production ramp up
An Abaco-based producer yesterday said government “definitely has a role to play” if The Bahamas is to increase its poultry output.Lance Pinder, operations manager at Abaco Big Bird Poultry Farm, told Tribune Business: “I think the biggest thing, lik
Govt told: 'Get a handle' on vacation rental sector
A Family Island resort operator yesterday urged the Government to “get a handle” on the vacation rental industry and introduce a tax structure to collect the “millions” it is currently forfeiting.Edwin Mulford, a long-time boutique resort operator on
Bahamas 'must address' beneficial owner access
The deputy prime minister has reiterated that The Bahamas “must address” access to beneficial ownership information for all corporate entities domiciled in this jurisdiction. KP Turnquest said the Government was looking to the Register of Beneficial
BTC celebrates small business in October
The Bahamas Telecommunications Company (BTC) is again celebrating October as Small Business Month in recognition of over 80 percent of its corporate client base.The company kicked-off its month-long series of events on Friday, September 28, during th
Shipyard sends 20 apprentices to BTVI
Twenty Grand Bahama Shipyard apprentices are attending the Bahamas Technical and Vocational Institute (BTVI) after the company launched its 2018 training initiatives.The apprentices will be taking courses in good housekeeping; incident reporting; saf
Bahamas needs 'more teeth' on vehicle titles
The Bahamas needs an “ironclad” vehicle title system with “more teeth” to better protect consumers from unscrupulous second-hand auto sellers, major dealers urged yesterday.Fred Albury, the Bahamas Motor Dealers Association’s (BMDA) president, and ot
Bahamas forward bookings up 9.2%
Forward visitor bookings to The Bahamas having increased by 9.2 percent, a top tourism official said yesterday, following a total arrivals increase of 15 per cent.Joy Jibrilu, pictured, the Ministry of Tourism’s director-general, said The Bahamas is
Vacation rental rates rise, but hotels decline
Room rates for Bahamian vacation rentals continue to move in the opposite direction to their hotel industry counterparts, with Airbnb bookings increasing 41 percent year-over-year for August.The Central Bank of The Bahamas’ monthly report for August,
Contractors: Sands not always echoed association's view
A Bahamian Contractors Association (BCA) spokesman yesterday said its former president’s views did not necessarily represent those of members, pledging a “conciliatory approach” towards the Government.Drumeco Archer, speaking to Tribune Business in t
