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Top insurers removed from ratings 'review'

The Bahamas’ two major life and health insurers were yesterday removed from “review” by the industry’s major rating agency despite suffering increased claims and policy lapses due to Hurricane Dorian.AM Best, in two separate releases, confirmed it ha

Sterling names Bahamian to head local IT operations

Sterling Global Financial, the $10bn asset manager, has appointed Timothy Maura to head corporate information technology (IT) for its Bahamas operations. “We are very pleased to announce the appointment of Timothy Maura, a specialist who brings with

Small business centre gives $400k for Dorian

More than $400,000 in loan and grant financing has been provided to Dorian-devastated entrepreneurs by the Small Business Development Centre (SBDC), its senior advisor said yesterday. Winston Rolle provided figures showing that, as of yesterday, som

PLP hits back at claim it 'wished Bahamas ill'

The Progressive Liberal Party (PLP) yesterday blasted the deputy prime minister for accusing it of “wishing the ill of a credit rating downgrade on The Bahamas”. Senator Fred Mitchell, pictured , the Opposition party’s chairman, said in a statement

EDITORIAL: When it comes to climate change, we really have to try

JUST 11 days ago we asked here how serious the government was when Prime Minister Dr Hubert Minnis said nations needed to intensify their response to the threats from global warming.

'$10,000 not enough for household'

OPPOSITION Leader Philip “Brave” Davis said the government’s promised assistance for Hurricane Dorian’s most vulnerable victims is inadequate.“Almost ten weeks after Dorian, the government is yet to deliver on its promised rebuilding assistance of $1

DPM: Opposition 'working hard' to attract downgrade

The deputy prime minister yesterday accused the opposition’s leader of “working his hardest” to attract the credit rating agencies’ attention, as he asserted there was “no sign” of a Bahamas downgrade. K P Turnquest, rejecting Philip “Brave” Davis’

'Caught with pants down' on contractor regulation

Two past Bahamian Contractors Association (BCA) presidents yesterday said Hurricane Dorian had “caught the government with its pants down” when it came to the industry’s self-regulation.Both Leonard Sands and Stephen Wrinkle told Tribune Business tha

Govt urged to explore 'social' bonds to fund disaster relief

The government should explore the creation of “green” bonds to help finance future disaster recovery efforts, an Inter-American Development Bank (IDB) economist urged yesterday. Dr Allen Wright, addressing a Bahamas Society of Chartered Financial An

Abaco cays in BPL cables funding offer

A Cabinet minister yesterday said the government will have to give a “deadline” for several of the Abaco cays that have pledged to finance the provision of underground utility cables post-Dorian.Desmond Bannister, minister of works, told Tribune Busi

Shelters to shut down by year end

WITH fewer than 600 people living in shelters throughout New Providence post-Hurricane Dorian, Minister of Social Services Frankie Campbell confirmed yesterday that the government is hoping to have those shelters closed by the end of the year.

US firm's 'holding pattern' after run-in with Customs

A US-based environmental firm working on Abaco’s post-Dorian clean-up yesterday said they were in a “holding pattern” over whether to stay in The Bahamas following a clash with Customs. Karl Dix, a representative for Ceres Environmental Services, to

$25m project to outsource Road Traffic Department

A Bahamian-led investor group says its revised $25m proposal to transform the Road Traffic Department and "bring The Bahamas up to international standards" will create 300 new jobs if approved.

Brave - we’re heading over a fiscal cliff

OPPOSITION Leader Philip “Brave” Davis said the country is headed toward a financial crisis and that he is certain it will face a credit downgrade.

Gardiner, Miller-Uibo athletes of the year

HE didn’t make the top five for the International Amateur Athletic Federation’s Male Athlete of the Year, but Steven Gardiner’s victory in the men’s 400 metres at the IAAF World Championships earned him the Ministry of Youth, Sports and Culture’s Athlete of the Year honours.

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