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Business


  • European Union considers including Bahamas on another blacklist

    The Bahamas could be on the brink of once again being blacklisted by the European Union (EU), according to an Associated Press (AP) story published yesterday. The Bahamas was previously identified by the EU as facilitating tax evasion, which underscored the union’s move to blacklist this jurisdic... Read More
  • Smith blasted for ‘hateful’ comments

    Immigration Minister Fred Mitchell has branded as “hateful, deceitful, ungrateful, dishonest and unpatriotic”, comments made by lawyer Fred Smith, QC, to the audience of an association meeting recently. Smith told the audience: “... It’s a big problem for the black Bahamians that you're dow... Read More
  • BISX All-Share Index up 6.26 percent in 2016

    The Bahamas International Securities Exchange (BISX) released its summary report for the 12-month period ending December 31, 2016, revealing that the BISX All-Share Index closed at 1,938.21 last year, which represents a year-to-date increase of 114.26 or 6.26 percent over the previous year. “The ... Read More
  • Study warns about declining Nassau grouper numbers due to overfishing

    A recent study has warned about the declining population of the Nassau grouper, due to the overfishing of spawning aggregations, while asserting the need for adapted management of the fisheries resource. Researchers from Shedd Aquarium in Chicago released a study yesterday, in partnership with the ... Read More
  • New automated license system to begin February 6 on Grand Bahama

    FREEPORT, Grand Bahama – Learning experiences from the rollout of the new licensing system in Nassau should help to make the transition on Grand Bahama that much smoother. Controller of the Road Traffic Department Ross Smith was in Grand Bahama on January 19 to announce the date for the new syste... Read More
  • Electronic trade portal to be launched by Ministry of Financial Services

    The Ministry of Financial Services conducted an information session on The Bahamas’ trade information service desk and electronic portal at SuperClubs Breezes on January 18. The official launch of the trade portal is tentatively scheduled for early March 2017. The Inter-American Development Bank (... Read More
  • Thousands apply to Baha Mar

    Job application numbers at Baha Mar grew by almost 1,000 over 24 hours, spiking to 5,475 applications yesterday from Tuesday’s number. The recruitment drive for locals-only jobs at Baha Mar began Monday. Robert “Sandy” Sands, Baha Mar's senior vice president of administration and external aff... Read More
  • CIBC FirstCaribbean’s non-performing loans down 27 percent

    Amid a challenged economy, CIBC FirstCaribbean International Bank (Bahamas) Limited (FCIB) recorded a decline of 27 percent in non-performing loans for the fiscal year ending October 31, 2016. In the bank’s unaudited financial statements for the year published yesterday, Managing Director Marie R... Read More
  • Memories Grand Bahama still closed since passage of Hurricane Matthew

    Memories Grand Bahama Beach & Casino Resort remains closed since the passage of Hurricane Matthew, but discussions are underway to finding a “swift resolution” to open the resort. In the interim, Guardian Business understands that the resort may have had difficulties receiving an insurance ... Read More
  • CFAL: Focus on taxation while excluding fiscal austerity not working

    CFAL has weighed in on The Bahamas’ most recent sovereign credit rating downgrade by Standard and Poor’s (S&P), and agrees that the government has a long way to go to improve The Bahamas’ fiscal standing before it can bring the economy back up to investment grade. In its Weekly Market Rec... Read More
  • BTVI, U.S. Embassy strengthening alliance

    Officials of the United States Embassy and the Bahamas Technical and Vocational Institute (BTVI) recently engaged in a productive dialogue. U.S. Embassy Public Affairs Officer Penny Rechkemmer and Education and Cultural Specialist Chanelle Cleare, met with BTVI President Dr. Robert W. Robertson and ... Read More


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