PI resort tells locals to vacation at home
A Paradise Island-based resort is encouraging Bahamians to stay at home when looking for a vacation escape.Comfort Suites is inviting residents to stay at the all-suite hotel. Yasmine Strachan, its director of sales, said that given the possible stre
Doctors, insurers told: Cut fees for viable NHI
All doctors, healthcare facilities and insurers must cut their fees if the revised National Health Insurance (NHI) model is to succeed and be financially viable, a Cabinet minister has warned.Dr Duane Sands, minister of health, told Tribune Business
Bahamas bank accounts targeted for US seizure
Accounts at two Bahamian banks, alleged to contain bribery proceeds from a massive $1.2bn money laundering scheme tied to top Venezuelan officials, are targeted for seizure by the US government. Court documents obtained by Tribune Business reveal tha
Re-hired NHI consultant's fee 'not in $8.3m ball park'
KPMG, whose previous $8.3m National Health Insurance (NHI) fee was heavily criticised by the Government, has been re-hired for a sum “nowhere near that ball park”.Dr Duane Sands, minister of health, defended the accounting firm’s new NHI consultancy
Public health system NHI's 'Achilles heel'
The Bahamas Insurance Association’s (BIA) chairman has warned that the public healthcare system remains the revamped National Health Insurance (NHI) scheme’s “Achilles heel”. Emmanuel Komolafe, pictured, in an interview with Tribune Business, reiterat
Few prosecutions show anti-financial crime regime works
The Deputy Prime Minister is arguing that The Bahamas has relatively few money laundering prosecutions because its regulatory regime is successfully deterring financial criminals.Flipping a key aspect of the Financial Action Task Force’s (FATF) ratio
Blue Hills reliance hits BPL customers
Bahamas Power and Light’s (BPL) chairman has conceded that increased dependence on its Blue Hills power station, which uses a more expensive fuel, has added to the recent spike in customer electricity bills.Dr Donovan Moxey said: “The spikes in the c
Shell eyes power plant's 'synergies' on LNG bunkering
SHELL North America’s proposed multi-fuel power plant for New Providence will provide “natural synergies” for liquefied natural gas (LNG) bunkering, a senior executive says.Mark Regis, Shell’s country chair for the English and Dutch Caribbean (exclud
Bahamas developers blast OECD's 'cynical' targeting
Bahamas-based developers have blasted the OECD’s “cynical” attempt to ““de-legitimise” this nation’s key investment product by suggesting it threatens the global fight against tax evasion. The newly-formed Bahamas Developers Association (BDA), in a r
Moody's boost for Gov'ts 'credibility'
Moody's yesterday delivered a major boost for the Government by hailing the launch of its quarterly fiscal reports as a move that will help regain lost "policy credibility". The international credit rating agency, in an update to the capital markets
Aliv targets summer 2019 'break even'
Aliv is targeting an operating income “break even” position by summer 2019 as it transitions from start-up losses that totalled more than $109m during its first two years.Damian Blackburn, the mobile operator’s top executive, told Tribune Business ye
Cable pushes $97m debt repay to 2020
Cable Bahamas has secured a two-year extension for repaying $97.169m of debt that was falling due, and which had caused current liabilities to exceed assets by 95.6 percent.The BISX-listed communications provider, in its just-released annual report,
Bahamas already breaches WTO industry 'carve outs'
The Bahamas has already breached the local ownership exemptions it is seeking for certain industries, the country’s chief World Trade Organisation (WTO) negotiator said yesterday.Zhivargo Laing, the former Cabinet minister, told the the Rotary Club o
Bran's business ease 'nightmare' over licence woe
The DNA’s ex-leader yesterday blasted that his ongoing two-and-a-half year wait for an aviation charter licence proves “doing business in The Bahamas is a nightmare”. Branville McCartney, pictured, told Tribune Business that he “lives every day” what
Bahamian key 'architect' on African digital venture
A Bahamian is one of the main “architects” behind a digital network that has attracted Caribbean backing in its bid to open commerce throughout Africa.The African Digital Asset Framework (ADAF), built by a team from Africa, North America and the Cari
