Apparel, shoe prices can't match Customs cut, Govt is warned
Clothing and shoe retailers are warning the Government not to expect the 20 percent Customs duty elimination to translate into consumer price declines of the same magnitude.Michael Maura, the Bahamas Chamber of Commerce and Employers Confederation’s
Contractors 'perplexed' over GB project silence
THE Bahamian Contractors Association’s (BCA) president yesterday said it was “perplexing” that the Government had failed to publicise 900 construction jobs being created by a Grand Bahama condo project.Leonard Sands, pictured, told Tribune Business t
Broker's legal advisers slam 'connoisseur of scams' slur
Attorneys for the principal of a Bahamas-based broker/dealer yesterday slammed smears that brand him “a connoisseur of scams” as “false and defamatory”.Legal representatives for Guy Gentile, head of Bay Street-based Swiss-America Securities, said his
Cruise lines 'not barred' from port manage bid
A Cabinet minister yesterday said the cruise lines “will not be barred” from bidding to take over Prince George Wharf’s management, adding: “All offers will be judged on merit.”Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Busine
Bahamas hosts major insurance conference
INSURANCE executives from throughout the US and the Caribbean met in The Bahamas last month for the annual Life Insurers Committee (LIC) conference sponsored by BAF Financial.A reception hosting some 30 persons was held on August 13 at the BAF Global
Abaco conference to focus on airlift, jobs
The 15th annual Abaco Business Outlook (ABO) conference will address the island’s economic challenges, including reduced airlift and high unemployment, when it is held next Thursday.The forum, which will take place on Thursday, September 20, at the A
BDB treats past top executives to lunch
The Bahamas Development Bank’s (BDB) newly-appointed managing director, Dave S Smith, has treated his predecessors to lunch to celebrate the institution’s 40th anniversary.The event was also attended by K Peter Turnquest, deputy prime minister and mi
Nassau airport keeps watchful florence eye
Airport executives yesterday said they were monitoring Hurricane Florence “very closely”, with no inbound flight cancellations to Nassau as a result of the storm up to yesterday.“We have not had any cancellations but we are closely monitoring the sit
Tourism 'cannot maintain' double digit growth pace
The Minister of Tourism is targeting “high single digit” growth in stopover visitors for 2019, arguing that the ten to 15 percent full-year increase he forecast for 2018 “can’t be maintained”.Dionisio D’Aguilar told Tribune Business yesterday that th
Bahamas broker fined $35k over Canada breach
A Bahamas broker/dealer has paid a $35,000 fine to settle allegations it was operating as an unregistered entity in violation of a Canadian province’s securities laws. Seton Securities International, whose principal is New Providence resident, Jay Go
Lucayan repair bill 'significantly lower' at $35m
The Government’s $35m Grand Lucayan repair bill is “significantly less” than initially feared, Tribune Business can reveal.Preliminary engineering estimates, conducted last week, found that roof repairs were the biggest issue for Freeport’s sole mega
Resort condo's 1,200 jobs to be '100% Bahamian'
The $2.8bn West End revival will be “complemented” by an adjacent resort condo project that aims to make its 1,200 construction and full-time jobs “100 percent Bahamian”.John MacDonald, principal of Grande Harbour at Old Bahama Bay, told Tribune Busi
'Brick and mortar' banks becoming less cost viable
Digital banking will drive a “natural” consolidation of commercial banks’ branch networks, the Clearing Banks Association’s (CBA) chairman warning that “brick and mortar” is becoming less viable.Gowon Bowe, pictured, told Tribune Business: “Ultimatel
'Tap in' to youth for economic success
THE Bahamas must “tap in” to the potential of its youth, a governance reformer said yesterday, with economic success “hinging” on its capacity to develop a viable workforce. Matthew Aubry, executive director for the Organisation for Responsible Gover
Bahamas institution names Cayman head
Sterling Global Financial, the Bahamian financial institution, has named Cory Macculloch as its managing director of its Cayman Islands operation.Mr Macculloch, pictured, will manage Sterling’s fiduciary business, and look to strategically expand its
