CIBC Trust nominee takes 'major' award
One of two CIBC Trust Company (Bahamas) nominees took away a top award from the recent annual financial services industry Excellence Awards.Norma T Major, director of operations for finance and client accounting, won Mentor of the Year, while Taryn T
'Rife with fraud': Developer sounds crowdfunding alarm
A prominent real estate financier yesterday warned against crowdfunding as a means to finance Bahamian entrepreneurs because it could be “rife with fraud”.David Kosoy, Sterling Global Financial’s chairman, while addressing capital raising challenges
IAN FERGUSON: Keeping pace with employer demands
We spend a substantial part of our adult life at work. With companies demanding more from their employees in less time, trying to meet all your deadlines may seem really stressful. Keeping pace in a fast-moving economy and world is the desire of emp
BTC targets hospitality sector with new offering
THE Bahamas Telecommunications Company (BTC) has launched a “hospitality suite of services” aimed at modernising the tourism industry and “going beyond” guest expectations.Andre Knowles, director of BTC Business, speaking on the sidelines of yesterda
'Defending the 400,000' on $4.6m union excess
The Grand Lucayan’s chairman yesterday said he is defending “the interests of 400,000 Bahamas residents” over staff payout demands that exceed the resort’s offer by $4.6m.Michael Scott told Tribune Business that neither of the two unions representing
Hospitals body 'unaware' how many suppliers it had
The Public Hospitals Authority (PHA) has pledged to address deficiencies that left it “unaware” of how many supplier contracts it had in its $53.327m annual procurement budget.The Auditor General’s Office, which conducted a two-year probe of the PHA’
QC to ‘put the lie’ to Bahamas ease ranking
A well-known QC yesterday said he aims “to put the lie to the World Bank’s indictment” of The Bahamas’ ease of doing business, with the Government targeting a “15 percent” rankings jump.
BPL slams 70% energy hike as 'false ramblings'
BAHAMAS Power and Light (BPL) and its chairman yesterday slammed claims that electricity rates will increase by 70 per cent as “irresponsible” and “false ramblings”.Dr Donavon Moxey, pictured, slammed such suggestions as “actually false”, and added:
Deltec refutes claimed link to launder scheme
Deltec Bank & Trust yesterday denied that any of those charged in relation to a $1.2bn Venezuelan money laundering scheme was a client or account holder with itself.
NHI consultations switch to Exuma
Public consultations over the proposed National Health Insurance (NHI) scheme will now move to Exuma following a series of meetings on Grand Bahama.The NHI Authority (NHIA), which will oversee and administer the revised NHI model, met with local resi
Chamber executive fears for energy cost 'survival'
Bahamian companies may have to look at cutting staff amid increased taxes and rising energy costs, a Chamber of Commerce executive yesterday asking: “How are we going to survive?”Debbie Deal, chair of the Chamber’s energy and environment committee, q
ART OF GRAPHIX: Understanding who you're designing for
Tradition counts for little when it comes to having a career in graphic design. I have seen quite a few changes within the industry, but the objectives and practice of “good” design have not altered.Practicing design does not always mean understandin
Regime change for $80m dormant funds
REFORMS to laws governing $80m in dormant bank accounts were tabled in Parliament yesterday.The planned changes to the Central Bank of the Bahamas Act are designed to enable the regulator to deal more effectively with such accounts, which have to be
Grand Lucayan managers facing $2m payout divide
The Grand Lucayan and its management union are $2m apart on the value of voluntary separation packages, with the latter’s attorney yesterday arguing such payouts are not covered by law. Obie Ferguson, pictured, who is acting for the Bahamas Hotel Man
US warns its banks on Bahamas dealings
The US government’s call for greater scrutiny of The Bahamas will not have any “immediate or significant fallout” for this nation’s key banking relationships, a senior banker said yesterday.Gowon Bowe, the Clearing Bank Association’s (CBA) chairman,
