Tourism 'cannot maintain' double digit growth pace
The Minister of Tourism is targeting “high single digit” growth in stopover visitors for 2019, arguing that the ten to 15 percent full-year increase he forecast for 2018 “can’t be maintained”.Dionisio D’Aguilar told Tribune Business yesterday that th
Bahamas broker fined $35k over Canada breach
A Bahamas broker/dealer has paid a $35,000 fine to settle allegations it was operating as an unregistered entity in violation of a Canadian province’s securities laws. Seton Securities International, whose principal is New Providence resident, Jay Go
Lucayan repair bill 'significantly lower' at $35m
The Government’s $35m Grand Lucayan repair bill is “significantly less” than initially feared, Tribune Business can reveal.Preliminary engineering estimates, conducted last week, found that roof repairs were the biggest issue for Freeport’s sole mega
Resort condo's 1,200 jobs to be '100% Bahamian'
The $2.8bn West End revival will be “complemented” by an adjacent resort condo project that aims to make its 1,200 construction and full-time jobs “100 percent Bahamian”.John MacDonald, principal of Grande Harbour at Old Bahama Bay, told Tribune Busi
'Brick and mortar' banks becoming less cost viable
Digital banking will drive a “natural” consolidation of commercial banks’ branch networks, the Clearing Banks Association’s (CBA) chairman warning that “brick and mortar” is becoming less viable.Gowon Bowe, pictured, told Tribune Business: “Ultimatel
'Tap in' to youth for economic success
THE Bahamas must “tap in” to the potential of its youth, a governance reformer said yesterday, with economic success “hinging” on its capacity to develop a viable workforce. Matthew Aubry, executive director for the Organisation for Responsible Gover
Bahamas institution names Cayman head
Sterling Global Financial, the Bahamian financial institution, has named Cory Macculloch as its managing director of its Cayman Islands operation.Mr Macculloch, pictured, will manage Sterling’s fiduciary business, and look to strategically expand its
Crypto advocates call for 'friendly' regulation
A Bahamian cryptocurrency advocate yesterday called for a friendly regulatory regime that would encourage Bahamian entrepreneurs to bring technology-driven solutions to market. Wayne Johnson, a corporate manager for the Zucaz Group, told Tribune Busi
Private island's manager bakes trail for Bahamians
The Bahamian manager of Royal Caribbean Cruise Lines’ CocoCay private island is celebrating 15 years with the company, having ascended to its top onshore position in this nation.Ginea Wilson, who holds a master’s degree in hospitality management, ove
DPM urges GB firms to expand to nassau
The Deputy Prime Minister yesterday urged Grand Bahama businesses to consider Nassau expansion rather than just confine themselves to their home island. KP Turnquest, pictured, made his call while delivering the keynote address at the official openin
Bahamian banker’s life ban on $17m collapse
A well-known Bahamian banker has been barred for life from the securities industry over the “conflicts of interest” and client losses involved in his broker/dealer’s $17m collapse.
Chamber endorses CEO over 10-year securities barring
The Chamber of Commerce last night fully endorsed its chief executive’s performance and integrity after details of his ten-year securities industry ban and total $210,000 fines emerged.Michael Maura, the Chamber’s chairman, in a signed statement desc
Grand Lucayan: 'Many' managers want severance
A “substantial number” of the Grand Lucayan’s middle management staff want to take a severance package and leave the resort, a trade union leader said yesterday.Obie Ferguson, pictured, the Trades Union Congress’s (TUC) president, told Tribune Busine
Sebas: We require 10-12 months for 5% patron levy
Island Luck’s principal last night argued that 10-12 months is needed before web shops can successfully implement the five percent patron tax - a timeline that would cost the Government $20m.Sebas Bastian, pictured, in a September 10, 2018, affidavit
Bahamas broker: We've addressed $120k fine woes
A Bahamas-based broker/dealer yesterday said it had implemented multiple reforms to address legal breaches that resulted in a $120,000 fine from local regulators.Guy Gentile, pictured, head of Bay Street-based Swiss-America Securities, told Tribune B
