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  • BIA confirms flooding part of hurricane coverage

    In a notice designed to assist people in filing for insurance claims, the Bahamas Insurance Association (BIA) has assured that, in The Bahamas, flooding caused by a hurricane is included as part of hurricane coverage. The association also warns directly against insurance fraud. The notice advises... Read More
  • Government mum on Perfect Luck ownership

    The Christie Administration continues to maintain its silence on the ownership of Perfect Luck Holdings Ltd., leaving the identity of the owner of the bankrupt Cable Beach megaresort shrouded in mystery. In a statement issued by the Office of the Prime Minister — which Guardian Business underst... Read More
  • Diplomats tour BAMSI, North Andros

    The Bahamas Agriculture and Marine Science Institute (BAMSI) may have provided a “positive” opportunity in light of Hurricane Matthew for the island of Andros despite its “negative” impact on the island, according to several members of the Diplomatic Corps. A delegation of over 30 diplomats... Read More
  • Winder advocates incentives for informal sector

    The economic contribution of the Bahamas’ informal sector is not reflected in the country’s gross domestic product (GDP), which has led Managing Partner at Deloitte & Touche (Bahamas) Raymond Winder to assert the need to incentivize persons in the informal sector to transition into the forma... Read More
  • Marinas open for business, association says

    Given its significant contribution to the tourism sector, the Association of Bahamas Marinas (ABM) reported that its 47 members are open for businesses and are anticipating a busy winter season. President of ABM Stephen Kappeler said, “Our associations’ marinas have been extremely lucky. This w... Read More
  • Summit focuses on China engagement with region’s SMEs

    In an effort to expand trade and business opportunities with China, over 3,000 business meetings took place earlier this month between LAC (Latin America and Caribbean) and Chinese companies at the 10th China-LAC Business Summit. The LAC region is known for its strong trading ties with the Chinese ... Read More
  • A penny for your thoughts!

    Money and power have always held a hypnotic appeal; just ask U.S. Presidential candidate Donald Trump who is on the cusp of becoming the leader of the free world, despite an almost daily disclosure of alleged scandals and potentially inappropriate public comments. Who would have thought it! But wha... Read More
  • Hill won’t be pinned down on BPL price tag

    Bahamas Power and Light Company (BPL) CEO Pam Hill consistently refuses to be pinned down on how much money BPL needs to get the utility’s operations to what she would call “normal”. Her words came as BPL is tasked with recovering from a category four hurricane, with a system that is already s... Read More
  • Central Bank reports on Basel II/III impact

    On average, 84 percent of licensees regulated by the Central Bank of The Bahamas (CBOB) experienced a decline in total capital adequacy ratio (CAR), and 95 percent of licensees would meet regulatory requirements in respect of minimum CAR under the Basel II/III framework. In its second Quantitative ... Read More
  • Financier defends dorm price tag

    News that the College of The Bahamas has signed a contract for a 1,000-bed dorm reportedly costing $100 million set off a brief but intense burst of criticism, and the project’s financial backer Kenwood Kerr, of Providence Advisors, spoke with Guardian Business about the building. One of the ma... Read More
  • NewCo updates on network, ‘overall coverage good’

    NewCo2015 Limited (NewCo) yesterday released an update on the status of its service as required by the Utilities Regulation and Competition Authority (URCA), outlining network damage and repair schedules for New Providence and Grand Bahama in the aftermath of Hurricane Matthew. NewCo CEO Damian Bla... Read More


Business Features

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