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NPBA: Regulators stop Pirates in Division 1 as Kings get win in Division 2

THE New Providence Basketball Association had some interesting games over the weekend as the division II swung into high gear along with the division one play at the AF Adderley Gymnasium.

Govt needs 'more creativity' with permanent residency

A top realtor yesterday urged the Government to be “a little more creative” with permanent residency by using it to stimulate economic activity on depressed Bahamian islands.George Damianos, Damianos Sotheby’s International Realty’s president, told T

WORLD VIEW: Insuring the Caribbean’s future

INSURERS and re-insurers are facing major losses in the wake of the damage done in the Caribbean and the United States by Hurricanes Harvey, Irma and Maria. These losses will have a direct and immediate impact on insurance premiums across the entire Caribbean and the Eastern seaboard of the US.

Choose the best coverage for life

By Ramon SimmsLIFE insurance used to be big business, sold door-to-door with thousands of representatives covering a vast geographical territory. Even though such sales are not as visible as they once were, the product still exists and thrives in the

Proper governance needed to protect multi-million MPAs

THE multi-million dollar benefits generated by the Bahamas’ Marine Protected Areas (MPA) will be endangered unless proper management systems are implemented, a study has warned.An economic valuation of ecosystems in the Bahamas’ 40 MPAs, conducted fo

Chamber endorses CEO over 10-year securities barring

The Chamber of Commerce last night fully endorsed its chief executive’s performance and integrity after details of his ten-year securities industry ban and total $210,000 fines emerged.Michael Maura, the Chamber’s chairman, in a signed statement desc

'Huge step' for oil exploration 'game changer'

An oil exploration “game changer” for the Bahamas took “a huge step forward” yesterday with the signing of a three-month exclusivity deal on a drilling joint venture.Simon Potter, the Bahamas Petroleum Company’s (BPC) chief executive, told Tribune Bu

Insurance chair urges: We must shed 'tax haven' label

THE Bahamas Insurance Association’s (BIA) chairman yesterday urged the country not to lose sight of ‘the bigger picture’ in using tax reform to shed its ‘tax haven’ label.Emmanuel Komolafe told Tribune Business that while corporate taxation may not b

EDITORIAL: Policing the seas should be a top priority

ON June 30, the eyes of the world focused on The Bahamas for all the wrong reasons. One American woman was killed and at least nine others were injured after a tour boat carrying 12 people exploded a mile off Barraterre in the Exumas. While the cause of that explosion remains under investigation, the incident drew our attention to the business of boating in Bahamian waters and to boat operations in general, vessels being used for commercial charters, fishing and for private recreational use.

Central Bank missed $2bn liquidity head-off

The Central Bank could have headed-off its $2bn bank liquidity concerns had it advised the Government against heavy foreign currency borrowing, an ex-governor argued yesterday.James Smith, also a former finance minister, told Tribune Business that it

Banks to be ‘more hands on’ over $1bn bad loans

The Central Bank’s governor is expecting commercial banks to make a “more hands on” effort to tackle their $1 billion non-performing loan pile.

Dishonoured cheques and outstanding bills among problems at Registrar General dept

AN audit of the revenue and expenditure accounts of the Registrar General’s Department has revealed nearly $400,000 worth of dishonoured cheques, outstanding utility bills and a register cluttered with hundreds of delinquent IBCs (international busin

Realtors applaud property tax U-turn as Turnquest seeks to clarify position

THE government’s decision to revert to the previous definition of ‘owner occupied’ properties may have saved ‘hundreds of millions of dollars’ in real estate value and helped to preserve investor trust in The Bahamas the Bahamas Real Estate Associati

Central Bank unveils digital B$ restrictions

The Central Bank has unveiled the limits it will impose on Bahamian digital currency holdings to protect financial stability and prevent “runs on bank deposits”. The regulator, in a paper on the Project Sand Dollar initiative to create a Bahamian di

Capital markets eye $200m ‘busiest year’

A top investment banker is predicting the Bahamian capital markets will have one of “the busiest years” ever in 2020 with around $200m worth of deals needing funding.

Oil explorer aims to open fund to small Bahamians

A Bahamas-based oil explorer and its advisers yesterday said they plan to seek the Securities Commission’s permission to open their newly-launched mutual fund to small local retail investors.The Bahamas Petroleum Company (BPC) disclosed that its £2m

Govt lines up budget cuts amid economic hardship

THE government has given guidelines to ministries and agencies on budget reductions it hopes to see while mulling over its strategy to navigate through economic hardship over the next several months, FInance Minister Peter Turnquest said yesterday.Wh

$6m investor injection 'biggest in over a year'

A Bahamian investment bank yesterday revealed that investors injected “the biggest monthly sum that we’ve seen for over a year” into its mutual funds immediately upon the easing of COVID-19 restrictions. Michael Anderson, RoyalFidelity Merchant Bank

Amid travel concerns over coronavirus, BLTA completes final trials for Fed, Davis Cup teams

VETERAN player/captain Marvin Rolle has secured the fourth and final spot on the Bahamas Davis Cup team, while Larikah Russell and Simone Pratt earned the third and fourth spots on the Fed Cup team. But there’s still some concern about whether or not

NBA telling teams to keep players, staff out of facilities

The NBA has told its teams to close its training and practice facilities to all players and staff starting Friday, saying the shuttering will last indefinitely in the latest response to the coronavirus pandemic.

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