Bahamian island hits the jackpot
THE purchase of a Bahamian private island was among the uses suggested for the $559.7 million won in the US Powerball Jackpot.In an ‘NBC Nightly News with Lester Holt’ segment that aired on January 3 about the Powerball Jackpot, reporter Joe Fryer ha
RBC imposes 2018 'moratorium' on fees
THE Royal Bank of Canada (RBC) has placed a moratorium on fee increases in 2018, a senior executive has confirmed.Kevin Darling, RBC’s head of business banking for the northern Caribbean, said: “RBC actually came out this year and put a moratorium on
'Sun-ryse' for firm's $6m new HQ target
A Bahamian information manager is aiming to raise $6 million for a new headquarters in west Nassau as part of a 2018 expansion that could increase staff by over one-third.Christiaan Sawyer, Sunryse Information Management’s president, confirmed to Tri
Insurance affordability fears rise on 15-20% premium increases
BAHAMAS First’s top executive believes “the time is really ripe” to examine how insurance can be made more affordable with property premiums set to increase 15-20 per cent in 2018. Patrick Ward, the underwriter’s president and chief executive, told T
Schooner Bay tries to rally homeowners - including PM
SCHOONER Bay’s developer has sought to rally homeowners - including Prime Minister Dr Hubert Minnis - after Tribune Business exposed its questionable Crown Land and real estate management.Dr David Huber, the Abaco-based project’s principal, in a Dece
Minister tells PLP: 'Sit small' on NHI
THE Minister of Health has told political opponents to “sit small” over National Health Insurance (NHI), while admitting he has yet to receive a written legal opinion on the scheme.Dr Duane Sands told Tribune Business that he would “absolutely” make
Gov't to refocus NHI on $60m critical care
THE Government is planning to refocus National Health Insurance (NHI) on catastrophic care, believing a $60 million budget “could do an awful lot if properly managed”.Dr Duane Sands, minister of health, told Tribune Business that he and the NHI Autho
Consumers 'delaying inevitable' if avoiding RBC's digital drive
CONSUMERS may be “delaying the inevitable” by moving from Royal Bank of Canada (RBC) to escape a digital banking drive that has attracted 60,000 persons to its mobile app.Kevin Darling, RBC’s head of business banking for the northern Caribbean, ackno
BOB to avoid default with $6.4m pay-out
Bank of the Bahamas (BOB) is making a $6.4 million pay-out to avoid defaulting on its preference shares, resulting in a $3 million “capital shock”.Wayne Aranha, the struggling BISX-listed bank’s chairman, told last week’s annual general meeting (AGM)
Bahamians 'lucky' to escape illegal aviator's damage
FORMER Bahamian ‘partners’ of an illegal charter operator yesterday admitted they were “very fortunate” to have escaped serious damage to their reputations and business.Captain Fredrick McPhee, proprietor of Nassau-based KA Flight Training Centre, to
Pre-inspection offer sparks used auto price hike fears
A JAPANESE firm’s offer to conduct pre-export inspections on used vehicles destined for the Bahamas would likely result in increased consumer prices if accepted.A copy of the proposal by EAA Company Ltd, which has been seen by Tribune Business, sugge
Renward LOI firm: Gov't left us off landfill bid list
THE firm at the centre of the Renward Wells Letter of Intent (LOI) controversy yesterday said the Government mistakenly omitted it from the list of New Providence landfill bidders.Jean-Paul (JP) Michielsen, Stellar Energy’s chief executive, told Trib
Realtors: We'll 'take' residency threshold increase to $750,000
Bahamian realtors will “take” the increased expedited permanent residency threshold despite wanting it to remain at $500,000, their Association president says.Christine Wallace-Whitfield said the Bahamas Real Estate Association (BREA) and its members
Grand Celebration confident in GB 'rebound' by late 2018
THE Grand Celebration cruise vessel’s owner is banking on a Grand Bahama tourism “rebound” by the 2018 fourth quarter, the vessel having suffered no lasting damage from breaking free of its moorings.David Johnson, a former Bahamas tourism director-ge
Attorneys launch new legal firm
A team of attorneys who used to practice with former Cabinet Minister, Kenred Dorsett, at Chancellors Chambers have launched their own law firm.Providence Law, a full-service commercial law practice, began operating on January 1.The partnership featu
