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Insurance cuts Aliv's Dorian cost to $2.5m
Aliv’s subscriber base grew by 20 percent during the final six months of 2019, its top executive revealed yesterday, after the mobile operator shrugged off $2.5m in one-off net Dorian costs. Damian Blackburn told Tribune Business it had “recovered a
Leno's 'new mission': $3bn assets by 2024
An “ambitious” Bahamian financial provider sees its “new mission” as tripling assets under management to $3bn within the three years to 2024 via a mixture of local and international expansion. Sean Longley, the Leno Group of Companies’ founder, yest
Bank warns 'efficiency' key to Bahamas' IFC survival
A Swiss bank that is selling majority control of its Bahamian subsidiary has told this nation to focus on regulatory and ease of doing business “efficiency” to improve its financial centre status.A SYZ Group spokesperson, responding to Tribune Busine
Taylor’s creditors left high and dry
Kelly's Home Centre leads the Bahamian unsecured creditors who will receive nothing of the debts owed to them by Taylor Industries, its liquidator has revealed.
'Buddy' becomes fastest player in NBA history to reach 800 career 3s
The crowd at the Golden One Center in Sacramento, California, exploded with chants of “Buddy! Buddy” as Buddy Hield put on an historic shooting performance and reached another NBA milestone from three-point range. Hield shot 9-10 from beyond the arc
Oil explorer extends fund offer by 3 days
“Sophisticated” Bahamian investors will have an extra three days to buy into the £2m mutual fund created to allow them to participate in local oil exploration activities. The offering period for the Bahamas Petroleum Company (BPC) sponsored fund will
'Don't become paralysed' by financial sector attrition
The Bahamas “must not become paralysed” by continuing financial services industry attrition, an ex-attorney general warned yesterday, urging to it instead rapidly “re-engineer” the sector. Alfred Sears QC, pictured, acknowledged to Tribune Business
Bahamas rejects IMF's $200m Dorian offering
The Bahamas will not be taking up the International Monetary Fund’s (IMF) offer of up to $200m in concessionary funding for Hurricane Dorian recovery, the deputy prime minister confirmed last night.K Peter Turnquest told Tribune Business via a messag
'Don't cry over spilt milk': Exit of Julius Baer
The Bahamas must “not cry over spilt milk” due to Julius Baer’s imminent exit, a former attorney general warned yesterday, and should instead focus on remaining “relevant” as a financial centre. John Delaney, principal of the Delaney Partners law fi
Sands says Hanna Martin claims 'unfair'
HEALTH Minister Dr Duane Sands called Englerston MP Glenys Hanna Martin’s recent claims of people being denied healthcare “unfair”. On Sunday, Ms Hanna Martin issued a statement noting she has heard “more and more personal accounts” from people in d
ATLANTIS SALE IS ABANDONED: Owners take resort off the market and now plan to reinvest
Atlantis will not be sold "at this time", it was revealed last night, with its owner instead deciding to unleash a "significant" three-year investment strategy despite receiving multiple offers.
Central Bank raises growth forecast to 'flat'
The Bahamas’ 2020 economic growth prospects have improved to “flat”, it was revealed yesterday, with the Central Bank less certain that this nation will suffer a minor contraction. John Rolle, its governor, said it “doesn’t want to be wedded to a nu
Polymers lays-off 11 as plastics ban bites
Polymers International last night confirmed it had terminated 11 employees due to “reduced demand” for its products as a result of the growing global ban on Styrofoam and single-use plastics. Greg Ebelhar, the Freeport-based manufacturer’s chief ope
Hield and Ayton set for All-Star Weekend
For the second time in as many years, the Bahamas will have a strong presence at NBA All-Star Weekend with both Buddy Hield and Deandre Ayton were selected to participate in the league’s midseason celebration.
Hall playing interesting role yet again
Pastor Emeritus of New Covenant Baptist Church, Bishop Simeon Hall has played a massive role in two watershed events in recent Bahamian history.
Buddy Hield: 'I want to continue to wear No.24 as a tribute' to Kobe
SEVERAL players have opted to change their jersey number from No.8 or No.24 to honour Kobe Bryant, but Buddy Hield has chosen to continue to wear No.24 as a tribune to the late NBA icon. Hield said that continuing to wear the number and compete at t
Airbnb hails 'Bahamas Sabbatical' partnership
Airbnb says its partnership with The Bahamas will both promote sustainable tourism and drive increased visitor numbers to this nation. The vacation rental website linked with the Ministry of Tourism to unveil the “Bahamas Sabbatical”, which will off
Women entrepreneurs hit by 30% income gap
The US government has teamed with its Bahamian counterpart to launch its Academy for Women Entrepreneurs (AWE) initiative locally in a bid to narrow another element of the gender gap. Stephanie Bowers, the US Embassy’s charge d’affaires, said The Bah
Nassau airport targets 1,448-acre expansion
The Lynden Pindling International Airport’s (LPIA) operator has obtained 1,448 acres from the government for future runway expansion after recording its first-ever annual profit at $7.755m.The Nassau Airport Development Company (NAD), in its 2019 ann
Women entrepreneurs hit by 30% income gap
The US government has teamed with its Bahamian counterpart to launch its Academy for Women Entrepreneurs (AWE) initiative locally in a bid to narrow another element of the gender gap.
