BPL's renewable plan delay branded 'pathetic'
A local renewable energy firm yesterday slammed Bahamas Power and Light’s (BPL) failure to produce an acceptable Renewable Energy Plan (REP) on time as “pathetic”.Zoltan Szasz, vice president of technical sales at Bahamas Energy and Solar Supplies, t
$70m Aliv exit delay on Cabinet queries
The Government’s exit from its $70m majority ownership of Aliv has been delayed by the Cabinet’s desire for “clarity and comfort” on the chosen route.
Gov't hotel exit depends if buyer 'still interested'
Completion of the Government’s 26-year bid to exit hotel industry ownership now depends on whether the Bahamian purchaser of its last property “is still interested”.Dionisio D’Aguilar, pictured, minister of tourism, told Tribune Business he planned t
Regulator accuses BPL of ‘compromising renewables’
Regulators fear Bahamas Power & Light (BPL) may have “compromised the introduction of sustainable renewable energy in the shortest possible time” by breaching the Electricity Act 2015.
Ownership Registry could 'destabilise' financial services
An ex-Cabinet minister has warned that creating a central Beneficial Ownership Registry could “destabilise” the Bahamian financial services industry and should be shelved “for now”.Ryan Pinder, a former financial services minister, told a Bahamas Fin
DPM 'hopeful' GDP growth will escape oil price shocks
The Deputy Prime Minister is expressing confidence that The Bahamas will meet its 2.5 per cent GDP growth target despite rising oil prices, adding: “Hopefully we’ll be able to ride it out.”KP Turnquest, pictured, conceded to Tribune Business that inc
Milo Butler Group eyes more growth
The Milo Butler Group of Companies and its third-generation managing director are continuing to eye expansion opportunities as he celebrates his first year in charge.Damian Butler has guided the company through two retail store openings, expanded his
RBC mortgage lender 'not where we need it'
ROYAL Bank of Canada’s (RBC) mortgage lending arm “is still not where we need it to be”, the bank’s top regional executive has conceded, despite improvements elsewhere in its portfolio.Rob Johnston, head of RBC Caribbean Banking, said that while the
Manufacturer warning on WTO 'irreparable damage'
Bahamian manufacturers are warning of “irreparable damage” to the sector if current protective tariffs are not maintained when The Bahamas accedes to full World Trade Organisaton (WTO) membership.The Bahamas Light Industries Development Council (BLID
RBC: Bahamas digital usage 'above forecast'
ROYAL Bank of Canada’s (RBC) top regional executive says use of its digital platform in The Bahamas is “well above forecast”, with increasing demand for more availability and functionality.Rob Johnston said RBC’s digital push has been “extremely well
Letter to the Business Editor
Editor, The Tribune.I write to express my deep concern that this country is setting itself up to enter the deepest depression it has ever seen, leaving the majority of the population unable to afford electricity and food.As a long-term resident with
Fuel bills set to soar
Bahamians must brace for “a very expensive summer”, the Chamber of Commerce’s chief executive warned yesterday, as global oil prices surged to $80 per barrel.
Near 50% of Bahamians 'cannot make ends meet'
Nearly 50 per cent of Bahamians are struggling to “make ends meet”, the Central Bank revealed yesterday, with monthly earnings “usually insufficient” to cover their living costs.The regulator, unveiling an analysis of its Financial Literacy Survey 20
BPL ‘ambitious’ to beat gov’t refinancing target
Bahamas Power & Light’s (BPL) chairman yesterday said it aims to beat the Government’s 2019 first quarter refinancing target, amid delays in accessing $100m in short-term credit.
Chief WTO negotiator: Business reform must 'move a lot quicker'
The Bahamas’ chief WTO negotiator yesterday backed calls for “ease of business” reforms to move “a lot quicker”, but reiterated this was no reason to delay the planned 2019 accession.Raymond Winder told Tribune Business that obtaining full World Trad
