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Scotiabank: 93% of transactions at closing sites digital
Scotiabank (Bahamas) top executive yesterday said 93 percent of transactions at the five branches it plans to close are now being conducted over self-service or digital banking channels.
Caribbean high for ratio of jailings
THE Bahamas leads the region in prison occupancy rates, coupled with the third highest rate of repeat offending, according to a new Inter-American Development Bank report.
EDITORIAL: Is the era of Minnis now over?
“THE era of Ingraham is over,” declared a self-satisfied Hubert Minnis who inherited the FNM leadership from former prime minister Hubert Ingraham, who resigned his North Abaco seat after serving as prime minister for 15 years – three terms.
Minnis slams replacement in post as ‘abuse of process’
THE appointment of Long Island MP Loretta Butler-Turner as leader of the official Opposition was labelled yesterday as the result of an “abuse of the democratic process” by the “blind, greedy and selfish ambition of a few,” according to Free National Movement Leader Dr Hubert Minnis.
RENEWABLE ENERGY 'AMAZING CHANCE' FOR DIVERSIFICATION
By NEIL HARTNELL Tribune Business Editor The Bahamas has an "incredible opportunity" to diversify its economy by becoming a renewable energy exporter, a leading Caribbean expert yesterday saying it could emulate Israel's 92 per cent penetration rate if i
Retailers detect Black Friday spend rebound
RETAILERS reported a “spending rebound” on Black Friday as shoppers queued from 5am to seek-out bargains leading into the Christmas holiday shopping season.
Demitri Knowles has career day with Hokies
PERHAPS it was wearing the white road jerseys for the first time, but the much maligned Virginia Tech receiving corps finally gained legitimacy this season, due in large part to a career day from Demitri Knowles.
NPBA best-of-7 championship series tonight
It is the matchup everybody anticipated as the pennant winners and the defending champions will all hook up in the New Providence Basketball Association’s best-of-seven championship series that starts tonight at the AF Adderley Gymnasium.
A COMIC'S VIEW: Christie’s Baha Mar deal leaves a sour taste in the mouth
To the average Bahamian who follows major events in the country, this was a confusing week.
Realtor: Economic citizenship can lower Bahamian tax burden
A prominent realtor has renewed his call for The Bahamas to introduce economic citizenship, arguing it will create a new revenue source and lessen the tax burden on Bahamians.Mario Carey, the founder of Better Homes and Gardens Real Estate MCR Bahama
Realtor: 'Tale of two markets' means 90% of buyers high-end
A well-known realtor yesterday said his reliance on luxury international purchasers has grown to 80-90 per cent of his sales, telling Tribune Business: “It’s almost like the Bahamian buyer has disappeared.”
New PI super yacht marina 80% booked
PARADISE Island’s newly-opened Hurricane Hole super yacht marina is over 80 percent booked, its principal developer says, with the wider $250m project moving forward at a brisk pace.
Port licensees' 'left at mercy' of Customs
By NEIL HARTNELL Tribune Business Editor The Supreme Court has left Grand Bahama Port Authority (GBPA) licensees and their $80-$120 million 'bonded economy' "without any recourse" against alleged Customs abuses, a leading QC telling Tribune Business he w
DPM: Crime coverage woe ‘losing momentum’
THE Deputy Prime Minister yesterday voiced optimism that damaging media coverage of The Bahamas is “losing momentum” with major resorts reporting peak winter occupancies “in excess of 80 percent”.
Cable predicting 130% profit growth to 2018
Cable Bahamas is forecasting that net income will increase by 130 per cent over the next five years as a result of its Florida expansion, with its US interests ultimately accounting for one-third of its bottom line.
Bahamians must 'mobilise corruption outrage to action'
Bahamians must “mobilise their outrage into action” if this nation is to defeat both real and perceived corruption plaguing society, governance reformers urged yesterday.Matt Aubry, the Organisation for Responsible Governance’s (ORG) executive direct
Burrows and Bromwell help Tigers Roar in Ontario, Canada
Shamar Burrows and Livingston Bromwell continue to make history for the Ridley College Tigers basketball programme in St Catharines, Ontario, Canada.
Matthew shows VAT 'inappropriate' tax for insurance sector
Bahamas First executives yesterday urged the Government to reduce the insurance tax burden, revealing they were mulling innovative ways to combat client under-insurance.Keith Rolle, its senior underwriting vice-president, said the insurer was examini
Businesses wait over two months for bank account
BAHAMIAN businesses face an average wait of more than two months to open a bank account with almost 80 percent asserting that the process “took longer than expected”.
Digital building permits hailed as ‘long overdue’
The Bahamas Society of Engineers (BSE) president yesterday hailed as “long overdue” plans to slash building permit turnaround times by going digital, branding the 60-80 percent reduction target as “achievable”.
