Doctors targets expansion with $11.9m RBC financing
Doctors Hospital has obtained two Royal Bank of Canada (RBC) loan facilities worth a collective $11.858m to fund expansion plans in “a rebounding Bahamian economy”.Joseph Krukowski, who is stepping down after 14 years as the healthcare provider’s cha
CLICO medical policies an 'albatross around the neck'
Calls for CLICO (Bahamas) policyholders to still pay their premiums have become “an albatross around the neck” of 700 mostly-elderly clients whose medical policies will be cancelled by Friday.Bishop Simeon Hall, the retired pastor who was himself a v
Bahamian group in new chinese deals
A Bahamian group has signed two more Chinese agreements in a bid to promote agricultural development in this nation and the wider Caribbean.Bahamaren, which unveiled a modular housing deal with another Chinese entity just two weeks ago, announced it
Private sector waiting on budget tax details
THE private sector is waiting to see “what is on the table” with taxes and incentives in tomorrow’s 2018-2019 budget, the Chamber of Commerce’s chief executive said yesterday.Edison Sumner told Tribune Business: “The business community would always b
Bahamas urged to look 'beyond our frontiers'
Bahamian businesses were yesterday urged to look “beyond the borders” and expand their footprint, a top private sector representative saying: “There are markets at our doorstep.”Edison Sumner, the Bahamas Chamber of Commerce and Employers Confederati
$100m tourism boost via 18% stopover rise
The Minister of Tourism has hailed an “exceptional” 18 percent air arrivals increase for injecting an extra $100m into the economy during the 2018 first quarter.
Insolvency Association launches in Bahamas
The Restructuring and Insolvency Specialists Association (Bahamas) held its launch event last Thursday at Baha Mar’s Royal Blue Golf Club.In attendance were around 50 guests, including members of the judiciary, Queen’s Counsels (QCs), Certified Finan
Bahamas 'cannot hold back tide' on Owner Registry
The Bahamas “cannot hold back the tide” on a beneficial ownership registry, the deputy prime minister arguing: “We must set the standard for ourselves and others.”K P Turnquest, pictured, explained that while the Government was listening to financial
Tourism targets Junkanoo Beach deal
The Ministry of Tourism is seeking private sector bids to take over management of Junkanoo Beach and improve a key component of Nassau’s cruise product.Dionisio D’Aguilar, minister of tourism, told Tribune Business that the Government is looking to “
Water Corp prices cover just 30% of out island costs
The Water & Sewerage Corporation’s (WSC) tariffs cover just 30 percent of its Family Island costs, with key government-owned utilities overstaffed and in need of downsizing.
Use EU's demands to 'set our own table'
The Bahamas must now focus on leveraging the European Union’s (EU) demands to “set our own table” and boost GDP growth and employment, a well-known attorney is urging.Michael Paton, also a former Bahamas Financial Services Board (BFSB) chairman, said
DPM pledges 'no runaway budget'
The Deputy Prime Minister has pledged that there will be “no runaway spending” in Wednesday’s budget, which will feature “hard choices” to get the near-$8bn debt under control.K P Turnquest, addressing the Institute of Internal Auditors last week, sa
No time for 'jubilation' on EU blacklist escape
A top accountant has warned there is no time for “jubilation” over The Bahamas’ removal from the European Union’s (EU) “blacklist”.Gowon Bowe, pictured, the Bahamas Institute of Chartered Accountants (BICA) president, told Tribune Business: “It is po
Chamber leads mission to Haiti
The Chamber of Commerce (BCCEC) took a 17-strong delegation of Bahamian businesspersons to Haiti last week on its latest trade mission.The May 23-26 event partnered with Aliv, Bahamasair and the Bahamas Embassy in Haiti, and was headed by Chamber chi
Bahamas First in chair succession
Bahamas First Holdings has appointed Alison Treco as chairman with effect from May 25, after Ian Fair retired following 19 years in the post.The move came after the insurer’s 2018 annual general meeting (AGM). Ms Treco has served as a Bahamas First d
