CIBC unveils client anti-fraud devices
CIBC FirstCaribbean has launched client-controlled anti-fraud tools, such as a geo-location service, transaction controls (including the ability to freeze their cards) and real-time alerts.These additions to its mobile banking app, just before Christ
Bank names regional chief operating officer
CIBC FirstCaribbean has named Colette Delaney as its group chief operating officer, with responsibility for all its main business lines.She will oversee the Canadian-owned bank’s retail and business banking; cards and customer relationship management
Labour Department in job-boosting initiatives
THE Ministry of Labour will next Monday launch several initiatives designed to reduce unemployment by better matching workers with available jobs.An Employer’s Job Fair will be held at the Department of Labour’s Rosetta Street Office, in the City Cor
Sterling Global adds to executive team
Sterling Global Financial has expanded its executive team by hiring resort industry veteran, Bill Green, to head up a newly-launched subsidiary.Mr Green, former senior vice-president of Intrawest, a luxury resort and adventure development company, wi
Band owners seek rights for Junkanoo Carnival
JUNKANOO Carnival band owners yesterday reiterated their desire to take ownership of the festival’s rights, and requested participation in talks over its privatisation.Dario Tirelli, the Bahamas Carnival Band Owners Association’s (BCBOA) president, t
'Stars aligning' for 2018 tourism surge
A Cabinet minister says the “stars are aligning” for a Bahamian tourism surge in 2018, with the Government “100 per cent behind” Baha Mar’s full opening.Dionisio D’Aguilar, minister of tourism, told Tribune Business he was “very optimistic” on the Ba
$750m bond 'prolongs savers' punishment'
THE Government has “prolonged the punishment of savers” through its recent $750 million bond issue, a former finance minister has warned, as the effects work through the monetary system.James Smith, also a former Central Bank governor, said the impac
CCA 'went backwards' on building Baha Mar
Baha Mar’s contractor “could not keep straight” reports on its construction progress, with completion of specific work elements allegedly “regressing” on a monthly basis.Sarkis Izmirlian, the $4.2 billion project’s original developer, is citing numer
Franchise group's $3.1m expansion adds 90 jobs
A prominent Bahamian franchise group has invested $3.1 million in opening its latest Marco’s Pizza and Popeyes restaurants on Robinson Road, a move that has created 90 jobs.Aetos Holdings, which is owned by the Tsavoussis brothers, Chris and Terry,
QC: ‘Opening for compromise’ on Grand Bahama Power deal
A PROMINENT QC believes there is “an opening for compromise” over the $35 million Grand Bahama Power Company buy-out that would serve all parties’ interests.
Realtors bid to 'tighten up' key industry laws
THE Bahamas Real Estate Association (BREA) is pushing to “tighten up” the Real Estate Act, its president acknowledging that one of the proposed changes would address the “illegal” practice of non-Bahamians selling local real estate.Christine Wallace-
Contractors urge 'clarity' on Pointe involvement
THE Bahamian Contractors Association (BCA) is demanding the Government and developer “clarify” how many Bahamian companies and labourers are employed on Phase II of The Pointe project.Leonard Sands, the BCA president, told Tribune Business that while
Tourism minister ends deals that 'screwed the Bahamas'
The Minister of Tourism yesterday said the Government has restructured Grand Bahama ferry/cruise ship incentive packages that previously “screwed the Bahamas”.Dionisio D’Aguilar told Tribune Business that his ministry had sought to move away from “ma
Hotel room revenue down 7% as tourism 'stays weak'
TOURISM industry performance “remained weak” through October 2017, it was disclosed yesterday, with hotel room revenues off 7 per cent due to occupancy and rate declines.The Central Bank of the Bahamas’ monthly economic report for November, which dis
Downtown jeweller tight-lipped over closure claims
A PROMINENT Bay Street jewellery retailer was yesterday tight-lipped on suggestions it is closing down with the loss of around 12 jobs.
