NASSAU, BAHAMAS – Investar Securities Ltd yesterday announced the launch of an online subscription portal for new and current investors. The firm reported last week that its Titan Balanced Fund had achieved a return on investment of 5.38 percent in its first quarter of operation. The online forms make it easy for first-time subscribers to […]

NASSAU, BAHAMAS – The Bahamian Contractors Association (BCA) president yesterday warned of a ‘significant fall-out’ in the local construction sector if Cavalier Construction shuts down permanently. BCA president Michael Pratt underscored challenges faced by local contractors from foreign rivals during an interview with Eyewitness News. His comments came after it was revealed that Cavalier’s sister […]

NASSAU, BAHAMAS – Bahamas Power and Light (BPL) executives must be ‘upfront’ and address concerns over the Shell deal, a private sector representative said yesterday. Debbie Deal, chair of the Chamber of Commerce’s energy and environment committee, told Eyewitness News there was a “transparency issue” surrounding the matter. “The thing that bothers me is why […]

NASSAU, BAHAMAS – Aliv suffered a ‘manageable shortfall’ as a result of Hurricane Dorian, according to its top executive Damian Blackburn, who noted that the monster storm caused roughly $6 million in network equipment. Blackburn said those losses were largely insured. “We are in full review from Cable Bahamas and Aliv of the backbone transmission […]

NASSAU, BAHAMAS – The Bahamas would effectively be ‘fighting in the dark’ if it does not utilize the national development plan to address issues such as the impact of climate change in a holistic manner, a well known accountant has stated. Gowon Bowe told Eyewitness News this nation must not be drawn into ‘knee jerk’ […]

NASSAU, BAHAMAS – Bahamians should seek to work together and ‘create clusters’ that can support each other on major projects in the country, an Inter-American Development Bank (IDB) official has suggested. The bank has a $292 million portfolio of approved loans for projects with the Government of The Bahamas, and recently held its first procurement […]

NASSAU, BAHAMAS – The Bahamas should ‘do away’ with Value-Added Tax (VAT) and introduce a 15 per cent sales and service tax ‘across the board’, a well-known doctor has suggested. Ophthalmologist Dr Jonathan Rodgers made the charge while addressing the Bahamas Business Outlook on Thursday. “We need to change the tax structure, do away with […]

NASSAU, BAHAMAS – Bahamas Power and Light’s (BPL) chairman Dr Donovan Moxey yesterday stressed there would be no ‘give away’ of the new plant as he defended the decision to cover the cost of constructing the 220 MW facility. Moxey, who was addressing The Bahamas Business Outlook conference at the Baha Mar resort, cited the […]

NASSAU, BAHAMAS- The Bahamas could become a ‘front runner’ in liquified natural gas (LNG) bunkering by leveraging the infrastructure to be developed via its agreement with Shell North America. Shell executives who were present at the Bahamas Business Outlook conference yesterday noted that this could provide tremendous economic benefits for The Bahamas. LNG bunkering is the process […]

Company to build ‘state of the art’ customer service centre NASSAU, BAHAMAS- Bahamas Power & Light’s chairman Dr Donovan Moxey yesterday admitted candidly the company’s customer service quality is ‘terrible’. Moxey was addressing the Bahamas Business Outlook conference at the Baha Mar resort. He said: “We know some of our customers are frustrated with us. […]

NASSAU, BAHAMAS – Royal Bank of Canada’s top regional executive yesterday estimated that 15 percent or less of its Bahamian clients are now engaging in ‘over the counter’ transactions. Rob Johnston told Eyewitness News Online, the digital transition as an ‘unstoppable trend’. “There is no doubt that  banking is changing,” he said. “What has been […]

NASSAU, BAHAMAS – Royal Bank of Canada’s top regional executive yesterday said the bank ‘absolutely’ remains committed to this jurisdiction. Rob Johnston, RBC’s head of Caribbean banking, said: “We’re committed to The Bahamas’s future. It continues to be a robust economy. “There is a lot of wealth being created here and we have a responsibility […]

NASSAU, BAHAMAS – The message that The Bahamas is ‘open for business’ is starting to resonate in this nation’s core tourism markets, according to Tourism Minister Dionisio D’Aguilar. D’Aguilar said: “I think the Ministry of Tourism has done an excellent job getting the message out that the Bahamas is open for business. “While we have […]

Government not happy with pace of repairs at Grand Bahama airport NASSAU, BAHAMAS – Tourism Minister Dionisio D’Aguilar said yesterday the sale of the Grand Lucayan is ‘inching ever closer’ but “we don’t have a deal yet”. D’Aguilar would not give a definitive timeline for the completion of the sale but told reporters ahead of […]