Sterling Global appoints investor relations chief
Sterling Global Financial, the Bahamian headquartered financial provider, has named Karyn Phuong as its vice-president for investor relations.Ms Phuong will manage Sterling’s corporate communications strategy, and be a key member of the executive tea
Financial services provider in 10th birthday donation
A Bahamian financial services provider has donated to the Bahamas Down Syndrome Association and its restaurant, Ty’s Place, to mark its tenth anniversary.Normally, a quiet giver, owner and president of FC Capital Investments Ltd (FCCI) Alexander Murb
'Immense pressure' on rising fuel costs
Rising fuel costs are putting “immense pressure” on businesses within the transportation sector, with one local operator describing it as a “major concern”.“Next to staff, fuel is your biggest cost. When fuel costs start to go up you have to pay atte
Bran on NHI: 'We can't take more tax'
THE Democratic National Alliance’s (DNA) ex-leader yesterday blasted the proposed National Health Insurance (NHI) payroll levy, saying: “No more taxes, period”.Branville McCartney, pictured, in an interview with Tribune Business, slammed: “The Govern
'Punching bag': Bahamas hit by new financial blow
The Bahamas was yesterday branded “a punching bag” after its financial services industry was dealt a fresh blow by global anti-money laundering overseers.KP Turnquest, the Deputy Prime Minister, told Tribune Business that “institutional strengthen
FATF 'won't stop' until Bahamas out of financial industry
Two former attorneys general yesterday agreed that the global fight against financial crime has been misused to undermine The Bahamas’ competitiveness and drive it out of financial services.Alfred Sears QC and John Delaney QC, both of whom had to dea
Ex-AG challenges beneficial owner registry proposal
A former attorney general yesterday challenged the Government’s plan to create a Beneficial Ownership Registry, arguing that it should instead simply expand the existing regulatory regime.John Delaney QC, principal at the Delaney Partners law firm, t
Drinks manufacturer: Sugar tax is a 'killer'
A Bahamian beverage manufacturer yesterday warned that the proposed “sugary drink tax’” will be a “killer” for its business, saying: “They’re trying to get rid of the industry.”Geoffrey Knowles, Aquapure’s operations manager, told Tribune Business th
Breadbasket food revisions targeted for January 2019
A Cabinet minister yesterday said the promised revision to the country’s 45 year-old breadbasket goods line-up will likely occur in January 2019.Dr Duane Sands, pictured, minister of health, told Tribune Business that a public consultation tour over
Sponging project in a race against time
Efforts to revive the Bahamian sponging industry are in a race against time to ensure all aspects of the $1.1m project can be delivered.A progress report by the Inter-American Development Bank (IDB), which is financing the initiative, warned that “si
CIBC Trust names new top executive
CIBC Trust Company (Bahamas) Limited has appointed Perry A Rolle as its managing director.Mr Rolle, a career banking professional with more than 25 years’ experience, has worked in senior roles in both an operational and fiduciary capacity. In his mo
IAN FERGUSON: The art of success in entrepreneurship
Successful entrepreneurship is both an art, and a science, that many seeking to own enterprises fail to grasp. It must never be entered into inadvisably. Hundreds fail each year in our local context because, perhaps, they have not counted the costs t
FINCO: Profits cut 35% with $125m bad loans
FINCO’s $125m bad loan pile resulted in a 35 percent cut to the mortgage lender’s profits for the nine months to end-July 2018, with little sign of improvement in key indicators.Management, in a statement to shareholders, blamed the more than $6.5m d
Lucayan chairman targets $6-7m Hutchison 'recovery'
The Grand Lucayan’s chairman yesterday revealed he plans to “go after” Hutchison Whampoa to recover the $6-$7m Memories lease guarantee payment, as he hit back at the PLP’s leader.Michael Scott, blasting Philip Davis’s criticisms over the upcoming $2
Govt urged: Avoid 'rapid fire tax increase' with NHI
The Government must avoid “rapid fire tax increases” that undermine economic growth, a top accountant warned yesterday, suggesting it may have to “phase-in” its two percent NHI payroll tax.Gowon Bowe, pictured, the Bahamas Institute of Chartered Acco
