Downtown Nassau hit by cruise loss
FIVE cruise ships had to be re-routed yesterday after the Port Department was forced to “shut down” Nassau harbour as a precautionary measure amid heavy swells.Captain Cyril Roker, the Port Controller, told Tribune Business that large waves had pushe
BTC voluntary departure package 'is nothing new'
A TRADE union leader yesterday denied that the Bahamas Telecommunications Company’s (BTC) latest voluntary separation (VSEP) offer was driven by increased competition, adding: “This is nothing new”.Bernard Evans, the Bahamas Communications and Public
BFSB chair: We must shed 'offshore' label
THE Bahamas’ financial services industry must shake the ‘offshore’ label, the Bahamas Financial Services Board’s (BFSB) chairman has urged.Antoinette Russell, while addressing the International Business and Finance Summit (IBFS), said: “As we hit the
Broadcast truck deal an asset for Bahamas
A BAHAMIAN production house has sealed an agreement giving them preferred access to a multi-million-dollar 4K Outside Broadcast (OB) Truck to record major events.The MoVi Group, the sound, lighting and stage, and film production house, revealed the s
'Case not made' for joining WTO
The Government “has not yet made the case” for joining the WTO, a senior Chamber executive arguing that the Bahamas had “squandered” a 16-year period to ready itself for this day.Darron Pickstock, who heads the Chamber of Commerce’s trade and investm
Healthcare budget $100m short as key contracts cut 50 per cent
THE Government’s annual healthcare Budget is around $100 million short of the system’s needs, despite some controversial contracts being cut by 50 per cent.Dr Duane Sands, minister of health, told Tribune Business that even allowing for an “aggressiv
Infrastructure upgrade delays 'without PPPs'
THE Government’s financial woes “may cause delays” to much-needed infrastructure upgrades unless public-private partnerships (PPPs) are employed, the Deputy Prime Minister has revealed.K P Turnquest, also minister of finance, confirmed that the Gover
Banks are challenged over renewable energy lending
A Chamber executive has challenged Bahamian commercial banks to explain their reluctance to finance renewable installations, as homes and businesses continue to “bleed energy”. Debby Deal, head of the Chamber’s energy and environment division, questi
Blockchain eyed for speedier KYC
THE Government is examining whether blockchain technology can be employed to ease the financial services industry’s Know Your Customer (KYC) processes.K P Turnquest, Deputy Prime Minister, told the International Business and Finance Summit (IBFS) tha
BTC, Cable slam 'flawed' broadband Internet review
THE Bahamas’ two major communications players have united to slam their regulator’s “flawed review”, instead urging it to lift current demands on their broadband Internet services.Both the Bahamas Telecommunications Company (BTC) and BISX-listed Cabl
MONEY MATTERS: Identifying the bare necessities of life
TVs. Laptops. Cellular phones. Turn on any device and you are constantly bombarded by advertisements to consume. Facebook. Instagram. Snapchat. Interact with anyone on social media and you are constantly flooded by advertisements. Food. Entertainment
Ex-Minister: Use presence ‘reset’ for financial services
THE Bahamas needs a ‘value proposition’ “reset” based on physical presence, ‘managing minds’ and substance, a former financial services minister is arguing. Ryan Pinder, now a Graham, Thompson & Company attorney partner, told the International Business and Finance Summit (IBFS): “Our value proposition of financial privacy has all but been eliminated. The Bahamas requires a new value proposition.
DPM: More ‘pain’ to stop debt ‘collapse’
The Government’s finances “will collapse in on themselves” unless the national debt’s increase is halted, the Deputy Prime Minister yesterday warning Bahamians “more pain will be involved”.
Bahamas pushes Caribbean $20-$30m tourism fund-raise
THE Bahamas is leading a $20-$30 million fund-raising drive to counter negative hurricane publicity and market the ‘Caribbean’ brand, the Minister of Tourism revealed yesterday.Dionisio D’Aguilar told Tribune Business that the Bahamas, as the lead co
App links Asue with blockchain
A MOBILE application connecting Asue, one of the Bahamas’ oldest saving methods, with the emerging Blockchain technology is now being marketed locally.Simone Smith-Bain, a Bermuda-based Bahamian attorney, told Tribune Business that a mobile app calle
