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Shareholder outrage over ‘no change’ BOB
Bank of the Bahamas shareholders yesterday reacted with outrage over the decision to nominate the existing Board of Directors for re-election, one demanding: “Where does the buck stop?”
McCartney hits out at 'dereliction of duty' by PLP
By NICO SCAVELLA
Bahamas suffers 76% FDI fall-off
The Bahamas suffered a 76 per cent year-over-year decline in foreign direct investment (FDI) in 2015, as it “tumbled” to its lowest levels in 13 years.
‘When not if’ on marital rape law
DISCUSSIONS on the proposed Sexual Offences Act continue with State Minister Lisa Rahming indicating it is not a matter of “if” but “when” the act will be passed.
DEREK SMITH: How to combat threats to corporate reputation
One of the most significant threats to a company’s long-term viability is reputation risk. This is often referred to as the risk stemming from negative public perceptions. The consequences of a tarnished reputation can be severe and lasting, regardless of how well a company performs in other risk management areas.
Bahamians make season debuts in the minor leagues
SEVERAL Bahamian players made their season debuts last weekend at various levels in minor league baseball. D’Shawn Knowles and Todd Isaacs Jr opened play at rookie ball in the Pioneer League while Kristian Robinson advanced to Single A for the first
Financial disclosures raise more questions
\IN THE April 20 edition of The Tribune newspaper, an interesting story was published under the heading: Money isn't Everything On The Declarations - Sometimes It's About The Plants. This of course was in reference to the financial disclosures of the 133 candidates after Nomination Day on April 17.
‘Abundance of caution’ in $232m loan clean-up
A Cabinet minister yesterday said the Central Bank Act is being “cleaned up out of an abundance of caution” to ensure the Government can lawfully borrow the $232.3m IMF special drawing rights (SDRs).
Debt consolidation loans not cutting borrower woe
Commercial banks have revealed that debt consolidation loans frequently fail to reduce a troubled borrower’s debt service ratio to the 45 percent of income previously targeted by industry regulators.
Unionists who put self before country
Unionists who put self before count ON TUESDAY Labour Minister Dion Foulkes, speaking with a Tribune reporter, seemed confused by striking Customs and Immigration employees. He said that all of the union's concerns had been discussed last month, and reso
Haitians will punishg the PLP
Haitians will punishg the PLP EDITOR, The Tribune. IF you would have asked me a month ago who I thought would win the general election, I would have told you the Progressive Liberal Party (PLP). Perry G Christie and his so-called new PLP looked poised
Haitians will punishg the PLP
Haitians will punishg the PLP EDITOR, The Tribune. IF you would have asked me a month ago who I thought would win the general election, I would have told you the Progressive Liberal Party (PLP). Perry G Christie and his so-called new PLP looked poised
Bahamas branded ‘debt crisis victim’
The Bahamas’ ‘junk’ downgrade has drawn sympathy from a religious development coalition, which says this nation’s fate highlights the need for structured processes to resolve “financial crises”.
EQUAL PAY? Not if you’re women: 30% gender pay gap exposed in UN global study
A UNITED Nation’s report has revealed a nearly 30 percent income disparity between men and women, ranking The Bahamas 75th on its gender inequality index.
Development Bank fund ‘sinking’: Covers 1/3 of $46m bonds
* Just 28.4% of loans ‘performing’ * Accumulated losses over $60m * Solvency deficiency at $31.31m
THE Bahamas Development Bank’s (BDB) ‘sinking fund’ covered just one-third of its $46 million outstanding bond debt at year-end 2016, with only 28.4 per cent of its loans ‘performing’. The BDB’s 2016 financial statements, tabled in the House of Assembly in Wednesday by the Prime Minister, reveal the parlous state of another state-owned enterprise (SOE) that has racked up more than $60 million in losses for the Bahamian taxpayer during its 43-year existence.
A lifeline we must throw
Certain so-called opinion leaders have worked themselves into quite a lather because the government has stepped into the breach to stop what surely looked like an economic tsunami hitting Grand Bahama.
WORLD VIEW: Yet another knee on the neck of the Caribbean
THE failure of the world’s richest nations to respond adequately to the abrupt and rapid decline in the economies of developing countries, including the Caribbean, is resulting in huge increases in unemployment and poverty and could, ultimately, erode democracy and the rule of law.
WORLD VIEW: The Caribbean should support ecocide as an international crime
SMALL island states and countries with low-lying coast are the victims of ecocide.
BPL chief hails $15m storage ‘game changer’
Bahamas Power & Light’s (BPL) chief executive yesterday hailed its planned $15m battery storage facility as a “game changer” for energy costs, efficiency and supply reliability.
‘Walk and chew gum’ on COVID-19 vaccine
Tourism operators yesterday had a mixed reaction to giving industry workers priority for COVID-19 vaccinations, with some agreeing as others urged caution.