Insurers ‘not oblivious’ to Bahamas sanctions threat
THE insurance industry “is not oblivious” to the need for the Bahamas to comply with global anti-financial crime standards and avoid sanctions, its chairman said yesterday.
Employers identify dozens of new hires
THE Director of Labour yesterday hailed the success of his department’s latest job fair, with major New Providence employers having identified dozens of potential hires.
Moody's predicts deficit 'overshoot' above $350m
Moody’s has forecast that the 2017-2018 deficit will overshoot the Government’s $323 million target due to the “overhang” from the Christie administration’s unpaid bills.The international credit rating agency, in an update to the global markets follo
BTC loses 60,000 mobile subscribers
THE Bahamas Telecommunications Company (BTC) has lost over 60,000 mobile customers, almost 20 per cent of its market, in just over one year as a result of competition.Data released by BTC’s ultimate parent, Liberty Latin America (LiLAC), reveals that
BPL ‘nowhere close on any of the islands’
BAHAMAS Power & Light (BPL) is “nowhere close to where we want to be on any island”, its chief executive has admitted, as it seeks to avoid a repeat of last summer’s outages in Nassau and three other markets.
GB Power invests $8min solar battery storage
GRAND Bahama Power Company is investing $8 million in constructing a battery storage facility before year-end, as it moves to introduce utility-scale solar and other renewable energies.The utility monopoly, in response to Tribune Business’s questions
Bran: 'Horse already bolted' on Oban deal
THE Government must “move forward post haste” with the Oban Energies refinery if it concludes the Bahamas will benefit, the DNA’s former leader arguing: “The horse has already bolted.”Branville McCartney told Tribune Business that the $5.5 billion oi
Bahamas seeks increase in airlift
BAHAMIAN officials recently attended the annual Routes Americas conference in a bid to lure increased airlift to the Bahamas.The event, held in Quito, Ecuador, attracted 650 delegates, 70 airlines and 150 airport representatives.It pairs tourism offi
$1.6m maritime broker launches in Freeport
A $1.6 million customs broker and port agent opened in Grand Bahama on Saturday, employing 16 Bahamians.Kwasi Thompson, minister of state for Grand Bahama, congratulated the owners of Fowlco Marine and Logistical Management company, Curtis Fowler, fo
Dairy Queen opens fifth Nassau outlet
DAIRY Queen (DQ) has expanded its presence in New Providence with the official opening of its fifth location in the Seagrapes Shopping Plaza on February 9.The location, on Prince Charles Drive, became the fifth DQ location in New Providence, joining
ISLAND INSIGHTS: Abaco shows what Bahamas can be
WHEN people think of the Bahamas they tend to have this idea of enjoying warm weather accompanied by a great cocktail, and a place to stay where the beach becomes their backyard. While this is all true and available, Abaco offers a more unique produc
'Smart city' must support tech hub
GRAND Bahama cannot become a technology hub without a ‘smart city’ to support it, a Bahamas Telecommunications Company (BTC) executive has argued, while stressing the need to develop local expertise.Andre Knowles, BTC’s chief commercial officer, told
Ex-minister: Foreign investment 'as often as we can get it'
GRAND Bahama needs an influx of foreign investors and international residents to generate economic prosperity, a former Cabinet Minister has argued.Zhivargo Laing, former minister of state for finance under the last Ingraham administration, told the
'Wake up, smell roses' over sanctions threat
The Attorney General yesterday warned the Bahamas to “wake up and smell the roses” over the threat of financial sanctions unless it corrects regulatory weaknesses.Carl Bethel QC told Tribune Business that this nation has until June to satisfy interna
Gov't needs 'high gear' to reverse corruption slide
THE Government was yesterday urged to “go into high gear” and deliver on its anti-corruption promises, after the Bahamas fell it its “lowest spot” in Transparency International’s rankings.Lemarque Campbell, of Citizens for a Better Bahamas, the local
