LETTER: A 'Cable' to investors: Be Aliv to possible risk
IN March 2017, Aliv raised an astonishing $60 million from investors - twice the amount they were looking for. That they require more money now, less than a year later, suggests that something has gone badly wrong.This sudden need for funds has likel
Bahamas urged: Target H-1B visa for tech boost
THE Bahamas may need to implement an initiative similar to the US H-1B Visa programme if Grand Bahama is to fulfill its ‘technology hub’ dream, it was argued yesterday.The US initiative facilitates the hiring of specialist foreign workers and entry o
Attorney: Tie education to industry development
A GRAND Bahama-based attorney yesterday suggested that “industry-targeted” education programmes be established ‘in tandem’ with the island’s development of local industries.Erica Paine, head of Graham Thompson’s Grand Bahama office, while addressing
Managing the cycle of worker progress
MANY leaders and managers agree that the most effective way to increase productivity and efficiency is to ensure performance management instruments are being used effectively in their companies. At its most basic, performance management is an ongoing
Stop 'looking in mirror' on fiscal blame game
The Government was yesterday urged to “get past looking in the mirror”, as it again blamed the Christie administration’s “overhang” for exceeding the prior year’s fixed-cost spending.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) p
Lawsuit threat to $5.5bn oil refinery
THE $5.5 billion Oban Energies oil refinery project was last night threatened with legal action, with the controversy involving its principals described as a “wake-up call” for the Prime Minister.Fred Smith QC, the Freeport-based attorney, told Tribu
50% capital spend cut drives $92m deficit fall
THE Government’s struggles with its fixed costs resulted in a half-year deficit equivalent to 61 per cent of the full-year target, forcing it to cut capital outlays by 50 per cent to restrain spending.K P Turnquest, deputy prime minister, in unveilin
Gov't mulls pre-election hire and spending freeze
THE Government is mulling the imposition of a deficit ‘ceiling’ and ‘cap’ on recurrent spending growth, the Deputy Prime Minister revealed yesterday.K Peter Turnquest said temporary hiring freezes, together with limits on capital projects above a cer
Central Bank teams with BIA on Internet processing portal
THE Central Bank is working with the Bahamas Investment Authority (BIA) to create a single electronic Internet portal for foreign investment processing, the Central Bank’s Governor said yesterday. “We are also liaising with the Bahamas Investment Aut
$100m BOB bail-out borrow won't hit deficit
THE Government’s newly-announced $100 million borrowing to facilitate the Bank of the Bahamas bail-out will not add to this year’s deficit, a top official said yesterday.Marlon Johnson, the Ministry of Finance’s acting financial secretary, told Tribu
Chamber chief opposes Wal-Mart 'type' arrivals
THE private sector “like it or not” must be actively engaged in the Bahamian workforce’s training, the Chamber of Commerce’s chairman said yesterday, arguing that constant criticism is “inappropriate”.Mike Maura, delivering remarks at the Chamber’s ‘
Chief WTO negotiatorto 'fight' for retailers
GRAND Bahama has not been able to realise its full potential because potential exporters have no market access protection, the Bahamas’ lead World Trade Organisation (WTO) negotiator said yesterday.Raymond Winder, during a presentation at a ‘State of
'Alarming increase' in scams warning
Bahamians face being “hit very hard in the pocket” from an “alarming increase” in potentially fraudulent transactions, a local money transfer business warned yesterday.Harvey Morris, Omni Financial Group’s chief executive, told Tribune Business that
Gov't urged: Focus on distressed homes for housing recovery
THE Government has been urged to focus on distressed properties, rather than new housing developments, in its “daunting task” of reviving the Bahamian mortgage market.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) president, told T
'Labour on Blocks' event registers 2,500 job seekers
THE Department of Labour has registered 2,500 job seekers through its ‘Labour on the Blocks’ events, as it moves to aggressively dent the Bahamas’ 10 per cent unemployment rate.Robert Farquharson, director of labour, told Tribune Business yesterday t
