BPL secures $100m short-term financing
BAHAMAS Power & Light (BPL) has obtained a near-$100 million credit line that will allow it to buy new equipment, and overhaul existing systems, before peak summer demand hits.
Landfill bid shortlist ready 'in two weeks'
Bidders will know in about two weeks whether they have qualified to submit a full offer to manage the New Providence landfill, a Cabinet Minister describing the process as “a game changer”.Romauld Ferreira, minister of the environment, told Tribune B
Private bank launches Bahamas trading desk
A LATIN American private bank yesterday said it has launched a new Bahamas-based trading desk, creating five jobs.Itaú Private Bank, in a statement, said the new facility was geared towards promoting investment by Brazilian and Latin American clients
RBC closures show'writing on the wall'
THE Bahamas Financial Services Union’s (BFSU) president yesterday said Royal Bank of Canada’s (RBC) latest branch closures came as no surprise, adding: “The writing is on the wall.”Theresa Mortimer told Tribune Business that RBC’s digital push undoub
IAN FERGUSON: A training foundation still effective today
LAST week we began refocusing attention on new forms of training. For the approach we take in enhancing the skills of our employees is crucial to the success of our business. While we emphasised the future of training, as we journey to becoming a wor
Bahamas warned against separate arbitration regimes
THE Bahamas should adopt the United Nations model law on international trade, and have a single regime for domestic and international arbitration, an industry expert stated yesterday.Datuk Professor Sandra Rajoo, director of the Kuala Lumpur Regional
‘Shooting ourselves in foot’ over deal red tape
Attorneys yesterday warned the Bahamas is “shooting ourselves in the foot” through red tape that has caused multi-month delays to the closing of real estate transactions.
Financial provider targets 100-worker expansion
A BAHAMIAN e-payments provider is planning to more than double its staff by adding 100 employees in 2018, believing it is “in the right place at the right time” for nationwide expansion.
Minister encourages Sandals expansion
THE Minister of Tourism is encouraging Sandals to execute on long-established plans to expand its Emerald Bay property, suggesting that this will make “the economics better”.
RBC’s ‘great injustice’ to the Family Islands
A CHAMBER of Commerce executive yesterday accused Royal Bank of Canada (RBC) of doing the Family Islands “a great injustice” through their continued branch closures and exits.
Insurers seeking urgent ‘closure’ on VAT refunds
THE Bahamian insurance industry yesterday said it was seeking urgent “closure” on its outstanding VAT refunds to ensure it is “on the same page” with government prior to hurricane season.
Bahamas 'behind 8-ball' on new bank technology
THE Government has received expressions of interest from mobile banking solutions providers to fill the Family Island void left by the commercial bank pull out, the Deputy Prime Minister said yesterday.K Peter Turnquest told Tribune Business: “We hav
RBC withdrawal to 'deepen hardship'
MPs and private sector executives from the two islands affected by Royal Bank of Canada’s (RBC) pull-out yesterday said this would only “deepen the hardship” for already-sluggish economies.Adrian Gibson, Long Island’s MP, told Tribune Business: “This
Developer beats potholes to bring motorists relief
AN online applications developer is racing to launch an app that could bring relief for unhappy New Providence motorists affected by ongoing pothole woes.Quincy Rolle, president of United Data Technologies, unveiled his Bahamas’ Smart City App six mo
PM’s rep admits to ‘ludicrous’ tax bills
The Prime Minister’s Abaco representative yesterday pledged that “every measure is being taken” to resolve the “ludicrous” property tax bills undermining all Family Island economies.
