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US travel shut down 'low-risk proposition'
The government’s move to close The Bahamas’ borders to all commercial transportation from the US was yesterday branded “a low-risk proposition” by the Chamber of Commerce’s chief executive. Jeffrey Beckles, pictured , told Tribune Business the decis
DIANE PHILLIPS: Welcome back, Tellis - now you have the toughest job of your life
Standards Inspector of Security Forces. It’s an impressive title and to the best of my knowledge had not been bestowed on anyone before July 1 when it was handed with all the layers it entails to the former Commander of the Royal Bahamas Defence Force, Tellis A Bethel.
‘Bubble Buddy': Chavano Hield speaks to media about life in the NBA bubble
Chavano “Buddy” Hield spoke to the media for the first time since his return to practice with his Sacramento Kings and discussed his experience with COVID-19 and life in the NBA bubble.
Laying out the road map for economic resilience
In the latest of his series, Hubert Edwards says growth must be The Bahamas' focus amid the COVID-19 quagmire If the problems faced by The Bahamas are to be solved in a sustainable way, it is critical there should be a proper problem definition.
Cable warily eyes $300m preference debt maturity
Cable Bahamas is warily eyeing the need to repay more than $300m in preference share debt over a five-year period from 2023 to 2027, its top executive said yesterday. Franklyn Butler, the BISX-listed communications provider’s president and chief exe
‘Buddy’ joins Kings in bubble
Chavano “Buddy” Hield cleared the initial COVID-19 protocol and joined the remainder of the Sacramento Kings in Orlando, Florida, for the NBA 2020 season restart.
Laying out the roadmap for economic resilience
The UK-based Centre for Local Economic Strategies (CLES) outlines ten indicators that can be used to determine whether an area, or country, is resilient. The first three of these are the strength of the commercial sector; strength of the public secto
'Opaque' dealings hit City Markets HQ sale
AML Foods is battling a series of “opaque” transactions as it seeks to uphold “the validity” of its $3m purchase of City Markets’ former headquarters building. The BISX-listed food retail and franchise group, in legal filings supporting its bid for
Dorian forces insurer into first-ever reserve release
A Bahamian insurer yesterday revealed it made the first-ever “catastrophe reserves” release in its 25-year history due to Hurricane Dorian’s $200m-plus claims.Timothy Ingraham, Summit Insurance’s president, told Tribune Business that the property and
Bahamas needs tax structure to match tourism
The Bahamas needs a tax structure that will attract the equivalent of 7m tourists to its financial services industry, a local banker argued yesterday. Gowon Bowe, Fidelity Bank (Bahamas) chief financial officer, told a webinar organised by the Chart
Insurers warned: Do not keep 'eggs in one basket'
A top insurer says Bahamian underwriters will find it increasingly difficult to survive “long-term” unless they diversify into other territories.Patrick Ward, Bahamas First’s president and chief executive, told Tribune Business in a recent interview
Health insurer's Bahamas exit to be 'orderly'
Regulators yesterday said they expect a “very orderly wind-down” of a Bahamas-based health insurer as it readies to exit the market by December 2021. Michele Fields, the Insurance Commission’s superintendent, confirmed to Tribune Business that Gener
Doctors Hospital cuts 43 staff over 'blunt fiscal reality'
Doctors Hospital has revealed the termination of 43 workers after aggressive cost-cutting measures proved insufficient to offset “diminished patient activity”.The BISX-listed healthcare provider, in a statement issued at the weekend, warned that it w
More Bahamian ownership will deliver optimum returns
Ihave covered a lot in the past three years, ranging from development solutions for each inhabited Family Island to decentralisation of the Bahamian economy, advancing the National Development Plan (NDP) and even the COVID-19 pandemic’s impact on the
Govt allocates $48m to COVID jobless benefits
A Ministry of Finance official yesterday confirmed the government has allocated $48m towards various COVID-19 jobless benefit initiatives in the 2020-2021 budget. Marlon Johnson, acting financial secretary, said a portion of this sum will finance a
Freeport’s ‘open arms’ for Andros trade investor
A prominent QC yesterday said Freeport “would welcome with open arms” the billionaire philanthropist whose proposed North Andros free-trade zone was rejected by the Prime Minister at the weekend.
$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
Munnings to join top-tier Portugese Basketball League
TRAVIS Munnings was the latest Bahamian senior men’s national team member to capitalise on his free agency when he signed with a new club in a new country.
PM pledges no approval for Andros 'non-starter'
The prime minister’s pledge that the government “will not grant” permission for a free trade zone in North Andros was yesterday hailed as “very encouraging” by the Bahamas National Trust’s (BNT) top executive. Eric Carey, the Trust’s executive direc
IAN FERGUSON: Ensuring productivity among remote staff
With the call being made for public servants and private sector employees to return to work, many workers are questioning whether a return to centralised work space is necessary. COVID-19 has certainly tested our capacity to engage in productive work