DPM hails Vacation Express GB return
THE Deputy Prime Minister has hailed Vacation Express’s return with additional flights as a “good sign” for Grand Bahama’s tourism sector.“I think it is an indication that a number of travel agencies and booking agencies recognise that Grand Bahama i
Contractors' WTO 'survival' threatened by no regulation
The Bahamian Contractors Association’s (BCA) president yesterday warned it was “critical to our survival” under WTO for the Government to finally enact regulation of the $2 billion industry.Leonard Sands told Tribune Business it was “beyond urgent” t
RBC: Only university graduates need apply
A TOP Royal Bank of Canada (RBC) executive yesterday cited the inadequate Bahamian education system for forcing it to “adjust” its recruiting policy and target university students/graduates for even the most basic positions.Tim Rider, RBC Caribbean’s
RBC's middle class mortgage appetite 'severely diminished'
A ROYAL Bank of Canada (RBC) executive yesterday said its appetite to lend mortgages to middle and lower class Bahamians was “substantially diminished” due to inadequate market infrastructure. Tim Rider, RBC Caribbean’s senior vice-president of sales
GB Chamber chief fears more closures
THE Grand Bahama Chamber of Commerce’s president yesterday expressed concern that further Freeport businesses may close following the Prime Minister’s more downbeat appraisal on the Grand Lucayan sale.Mick Holding told Tribune Business he was surpris
$1m factoring scheme in SME funding 'firsts'
A “first ever” $1 million accounts ‘factoring’ scheme aims to aid “well over 100” Bahamian small businesses immediately following its summer 2018 launch. Omni Financial Group, the Bahamian payments solutions provider, yesterday hailed its partnership
Bahamas to adopt UN model arbitration law
THE Bahamas is aiming to adopt the United Nations (UN) model law on arbitration, Cabinet minister said yesterday.Brent Symonette, who was speaking at the opening of Royal Fidelity’s Economic Outlook conference, said: “We hope to adopt the UNCITRAL mo
Over 170 attend seminar on FINTECH possibilities
MORE than 170 executives from over 50 companies attended last week’s financial technology (FINTECH) seminar hosted by the Bahamas Financial Services Board (BFSB) and ALIV.“FINTECH is changing the way that we do business, and it’s imperative that we u
Family Islands told: 'Don't miss a beat' on bank exits
FAMILY Island residents were yesterday told by a Bahamian payments solution provider: “Don’t worry about a thing” when it comes to commercial bank pull-outs.Dr Johnathan Rodgers, the Omni Financial Group’s founding partner, pledged that the company w
Bahamas facing squeeze between China and US
THE Bahamas must leverage its relationships with the United States and China “strategically” to achieve its own development goals, a global affairs specialist said yesterday, adding that this requires a strong governmental system.Jamie Metzel, one of
Aliv unveils $45,000 BFSB sponsorship
ALIV has entered into a $45,000, three-year exclusive telecommunications sponsorship with the Bahamas Financial Services Board (BFSB).The partnership, which began in November 2017, will result in funds being donated to the BFSB through cash or techno
Remove 'red herrings' from Business Licence
The Government was yesterday urged to ease private sector anxieties by removing long-standing “red herrings and misnomers” associated with the Business Licence renewal process.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) presiden
Bank slackness in 'higher than usual' non-compliance
THE Central Bank has blamed “carelessness rather than deliberate rule breaking” for a “higher than usual level” of licensee non-compliance with “simpler” regulations.Charles Littrell, its inspector of banks and trust companies, in a just-released let
Gov't eyes 'all options' to eliminate Business Licence 'rush, angst'
THE Ministry of Finance’s top official yesterday said the Government was exploring “all options” to eliminate “the rush and angst” associated with Business Licence renewals.Marlon Johnson, the acting financial secretary, told Tribune Business that th
PM warns Grand Lucayan sale 'far from completed'
THE Prime Minister last night warned that the Grand Lucayan’s sale is “far from completed”, and instead touted a potential $2.56 billion development at West End’s former Ginn project.Dr Hubert Minnis, in his latest national address, delivered a far m
