Central Bank targeting digital B$ in 30 months
The Central Bank is aiming to roll-out a trial digital Bahamian dollar “within 30 months”, with the move central to its efforts to “accelerate” payments system modernisation.The regulator, launching an Expression of Interest (EoI) for the design and
PHA targeting '$20m-plus' boost from extra revenue
The Public Hospitals Authority (PHA) is targeting “$20m-plus” in extra revenue this fiscal year, a Cabinet Minister revealed yesterday, adding: “Health can’t be run on a wing and a prayer.”Dr Duane Sands, pictured, minister of health, told Tribune Bu
'No hope' as new auto sales off 16%
New car sales maintained their decade-long plunge with a near-16 percent decline during the 2018 first half, as one dealer revealed he “sees no hope” for a short-term revival.Speaking after the latest Bahamas Motor Dealers Association (BMDA) figures
Why govt 'hell bent' on reviving Oban?
An ex-tourism minister yesterday questioned why the Government appears “hell-bent” on the Oban Energies deal, suggesting it instead focus on Carnival’s planned cruise port to revive tourism.Obie Wilchcombe, pictured, told Tribune Business: “I do beli
IAN FERGUSON: Marrying health and wellness with work
Over the past few decades, mind and body wellness has had a noticeable impact on the corporate landscape. Businesses, both large and small, have been integrating a holistic approach to wellness and productivity for their employees and business models
Govt dives in to boost fisheries
The Government has unveiled measures to boost the $78m crawfish industry, with increased wholesale profit margins and greater Bahamian dive participation among the key targets. Michael Pintard, minister of agriculture and marine resources, speaking j
Cruise line targeting National Trust tie-up
Royal Caribbean is exploring a partnership with the Bahamas National Trust (BNT) to provide new experiences for its passengers visiting The Bahamas.The cruise line is also seeking to re-affirm its commitment to marine conservation and preservation, f
Contractor chief: 'Show me numbers' on Pointe
The Bahamian Contractors Association’s (BCA) president yesterday demanded to “see the numbers” showing Bahamian participation on The Pointe project has increased 100-150 percent.Leonard Sands called on the government to show just how many Bahamians a
Shell deal will cut fuel bills
Bahamas Power & Light’s (BPL) top executive yesterday said “the country could not have a better partner” than Shell, with the deal’s “transformational” impact extending well beyond the energy sector.
Ex-Grand Lucayan buyer: $200m 'better' in Nassau
The Grand Lucayan’s former purchaser yesterday said he “feels much more comfortable investing” $200m in Nassau than seeking “massive subsidies” to make that deal work.Paul Wynn, the Wynn Group’s chief executive, told Tribune Business that Freeport’s
BPL ‘five to seven years’ out from global standards
Bahamas Power & Light (BPL) is “five to seven years away” from hitting global utility standards, but its chief executive yesterday said improvement “has zero to do with money.”
Bankers warn BPL: No more roll-overs
Bahamas Power & Light’s (BPL) lenders have warned they will not permit any more debt roll-overs as it readies a $450-$550m restructuring of its long-term finances.
Consumers face 2019 wait on BPL fuel costs
Bahamas Power & Light (BPL) will move “aggressively” to return its Clifton Pier power plant to 80 per cent capacity by summer 2019, in a bid to relieve consumers from increased fuel costs.
‘Dumping ground’ fear on used autos
The Chamber of Commerce’s chief executive yesterday warned that the Bahamas is serving as a “dumping ground” for vehicles that have been rejected as unsafe by other nations.
Minister: 100-150% increase in Bahamians at the Pointe
The Labour Minister yesterday said the number of Bahamians employed on downtown Nassau’s Pointe project has increased by between 100 to 150 percent. Dion Foulkes, pictured, said: “I have received two reports recently, one from the Department of Labou
