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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

Farrington honing his skills as international tennis coach

JOHN Farrington has succeeded as a player and captain of the Bahamas Davis Cup team. Now he’s honing his skills as an international coach.

Aliv’s $15m offering could ‘double’ goal

ALIV’s advisers yesterday expressed confidence that its latest $15 million capital raising, which launches Monday, could raise double the target despite lower-than-forecast revenue margins.

Aliv chief 'confident' BTC sharing woes 'now behind us'

ALIV’s top executive yesterday said he was “confident” obstacles to sharing infrastructure with its main rival had been overcome, with the mobile upstart poised to “conquer” its targets.Damian Blackburn told Tribune Business that many co-location and

Minister challenges tourism industry to 'stop the talking'

A CABINET minister yesterday challenged the Bahamian resort industry to find more “innovative” ways to counter the loss of business to the cruise ships.Brent Symonette, minister of financial services, trade and industry and Immigration, told the Baha

Tolls, not taxpayer, will fund PI bridge 'deficit' if needed

THE Bridge Authority’s $9.4 million “deficiency” will “not be put on the taxpayer”, a Cabinet Minister pledged yesterday, saying any financing needs would have to be met by increased toll fees.Desmond Bannister, the minister of works, told Tribune Bu

Bridge Authority's $9.4m bond repayment deficit

The Paradise Island Bridge Authority requires $3.5 million in ‘emergency’ annual funding over a five-year period to cover a $9.4 million “deficiency” in its bond repayment fund.The Authority’s 2016 financial statements, tabled recently in the House o

MONEY MATTERS: Early training start right on the money

Of all the things parents decide to have a serious conversation with their children about, money rarely makes the list. That is understandable but unfortunate. Understandable because of the significant negative consequences associated with many of th

Mortgage approval rate drops to 43%

MORTGAGE loan approval rates have been slashed in half to 42.6 per cent in just two-and-a-half years, highlighting the commercial bank retreat from the vital Bahamian housing market.Data produced by the Central Bank of the Bahamas’ research departmen

Civil Aviation Authority to clamp down on Illegal charters

FOLLOWING the fatal plane crash off Andros last month, the Bahamas Civil Aviation Authority is pledging an unprecedented effort to clamp down on illegal charter operations by embracing technology, involving law enforcement and increasing surveillance

Pilot RISE programme 'self destructed'

THE pilot RISE programme reportedly suffered “irreparable defects” and self-destructed, according to a press statement issued by the Ministry of Social Services.The ministry’s RISE public relations campaign and the Conditional Cash Transfer project w

COB employee received $270,000 in account between 2008 and 2015

FORMER College of the Bahamas employee Chimeka Gibbs received nearly $270,000 in COB salary deposits to her savings account at CIBC FirstCaribbean bank between 2008 and 2015, Supreme Court jurors heard yesterday.Kim Thurston, manager of CIBC First Ca

PLP: The PM's address 'offered no immediate economic, social relief'

THE Progressive Liberal Party yesterday downplayed the announcements in Prime Minister Dr Hubert Minnis’ national address, saying it “offered no immediate economic and social relief”. “The net result of the government’s fiscal and economic policies

30 held in US-backed raids

POLICE arrested about 30 people during an early morning operation in southwest New Providence yesterday, Assistant Commissioner of Police Clayton Fernander said.

Davis blasts 2,500 job cuts in public sector as 'shameful'

PROGRESSIVE Liberal Party Leader Philip “Brave” Davis said he is not surprised by the latest unemployment figures, which highlights a “shameful” public sector shrinkage of more than 2,500 jobs, adding he believes the number will double once the compl

Unemployment up to 10.1 per cent

THE country’s unemployment rate now stands at 10.1 per cent, Department of Statistics Labour Force Survey officials announced Friday.

‘Shooting ourselves in foot’ over deal red tape

Attorneys yesterday warned the Bahamas is “shooting ourselves in the foot” through red tape that has caused multi-month delays to the closing of real estate transactions.

Financial provider targets 100-worker expansion

A BAHAMIAN e-payments provider is planning to more than double its staff by adding 100 employees in 2018, believing it is “in the right place at the right time” for nationwide expansion.

COB worker ‘took home extra $600,000 in pay’

FORMER College of The Bahamas employee Chimeka Gibbs took home just over $600,000 in extra payroll deposits from 2009 to 2015, Supreme Court jurors heard yesterday.

Bahamas LPGA Classic officially open

The Pure Silk Bahamas LPGA Classic, now in its sixth year, has helped to solidify the Bahamas as the sports mecca of the region, said Travis Robinson, parliamentary secretary in the Ministry of Tourism and Aviation.

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