Sheet Metal Work

Claims of mistreatment of patients at Sandilands

Traumatised by a court-ruled stay, an ex-patient at the nation's only publicly-funded rehabilitation centre is demanding that greater scrutiny be placed on attendants at the institution.

The young man claims he became aware of the mistreatment of patients at Sandilands Rehabilitation Centre (SRC) after a court ordered he undergo a two-week evaluation there.

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Changes Made to Payroll Process to Prevent Late Payments for PS-PEP Participants

In an effort to improve the payroll issues that have impacted PS-PEP participants, this month theMinistry of Labour and the Public Service, in collaboration with the Ministry of Finance, willintroduce changes to the process that are intended to prevent future delays in payments.

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Letter to the Editor: Feeding the children is powerdul

Editor, Governments came and left, and prime ministers and many who espoused looking out for the vulnerable pretended to care but showed no interest. Their deeds spoke loudly for them. In recent memory, no gesture has spoken so loudly about our children and their well-being as the National School Breakfast Pilot Programme, which has been implemented [...]

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PM: Govt to steer business to BOB

Prime Minister Perry Christie has announced that the government, given its 65 percent ownership stake in the Bank of The Bahamas (BOB), intends to steer more public sector business and public employees credit demand toward the bank.
"In so doing, the government will, of course, be mindful of its obligation to maintain a fair and competitive commercial environment for all banks in The Bahamas," Chr...

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Sam Bankman-Fried found guilty on all counts in FTX fraud trial

NASSAU, BAHAMAS — Sam Bankman-Fried, the founder of FTX, has been found guilty of defrauding customers and lenders after a five-week trial.  The guilty verdict was delivered by a New York jury on Thursday, with all seven charges against the former crypto billionaire being upheld. The jury deliberated for approximately four hours before reaching their [...]

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IT WAS WORTH IT: Pintard defends former administration's decision on Wärtsilä engines

NASSAU, BAHAMAS — Bahamas Power and Light (BPL) constructed Station A at a 35 percent reduced cost over similar-sized power plants, according to Opposition leader Michael Pintard, who defended the company's purchase of seven engines from Wärtsilä in 2019. A Bahamas Power and Light (BPL) report providing a review of Station A, which housed the [...]

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Doctors Hospital secures financing to construct new hospital in Grand Bahama

NASSAU, BAHAMAS — Doctors Hospital Health System Limited ("DHHS") is aiming to revolutionize healthcare services on the island of Grand Bahama with plans to build a new hospital. Construction is scheduled to be completed in the fall of 2024 and is expected to significantly improve access to medical care for residents on the island.  Offering [...]

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Local business owner takes aircraft ownership dispute with FTX to US bankruptcy court

NASSAU, BAHAMAS — A prominent Bahamian businessman and charter flight operator is seeking a US bankruptcy court ruling that clarifies the ownership status of two aircraft acquired through financing from FTX via a 'handshake' agreement with its embattled founder Sam Bankman-Fried. Island Air Capital (IAC), owned by Paul Aranha, has filed for relief from the [...]

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70 profit retention aids RoyalStar rating

By NEIL HARTNELL

Tribune Business Editor

RoyalStar Assurance's managing director yesterday attributed the insurer's continued top rating to an ever-expanding capital base, with 70 per cent of the $30 million profits earned over the past eight years kept on the balance sheet as retained earnings.

Steve Watson, speaking to Tribune Business after A. M. Best reaffirmed its A- (Excellent) financial ...

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