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Business


  • Carnival bands gearing up for 2018 despite silence from govt

    President of the Bahamas Carnival Band Owners Association (BCBOA) Dario Terrelli told Guardian Business yesterday that carnival bands are gearing up for 2018, despite government being closed-lipped on the festival, which has caused much controversy since its inception three years ago. This paper un... Read More
  • Five-year strategic plan unveiled at Consumer Protection Commission board meeting

    The Consumer Protection Commission (CPC) and its newly appointed board held its first meeting last Friday, where Minister of Labor Senator Dion Foulkes – who has responsibility for consumer affairs – laid out his five-year strategic plan, according to a CPC press release. Foulkes told the new b... Read More
  • Alliance formed to support Deloitte’s cyber risk practice

    Deloitte in The Bahamas and the wider Caribbean is getting its cybersecurity beefed up by Unified Technologies, a pan-regional information technology solutions provider with operations in the Caribbean and North America, a press release has revealed. "This alliance will provide Deloitte with specif... Read More
  • CCA still silent on if it will meet October 15 Baha Mar deadline

    With only two and a half months left before the SLS at Baha Mar is scheduled to open, it is still not yet known whether China Construction America will meet its October 15 deadline to have construction completed. The contractor of record for the mega-resort project has stated that, due to a held-up... Read More
  • Bad loans blamed for BOB’s fourth quarter net loss

    Bank of The Bahamas (BOB) continues to struggle with bad loans despite what it considers to have been "significant strides made" in its transformation process, as the bank saw an increase in net loan loss provisions of $20.1 million compared to the same quarter last year, according to a statement ou... Read More
  • BIA exec questions legality of NHI in its current form

    Another Bahamas Insurance Association (BIA) executive has pegged National Health Insurance (NHI) as operating illegally in its current form, despite the universal health insurance scheme already having 25,000 people enrolled. Deputy Chairperson of the BIA for Life and Health, Tina Cambridge, who sp... Read More
  • J.S. Johnson reports income decline; still reeling from Matthew

    J.S. Johnson Insurance company is still reeling from the effects of Hurricane Matthew on its bottom line, the company said in recently released second quarter results, reporting an income decline of 17 percent. According to the company, income declined from $13,350,833 to $11,136,630, "with the lar... Read More
  • Employee recruitment drive has started at Baha Mar’s SLS

    Baha Mar has already begun recruitment for the SLS property, which is expected to open on November 7, Baha Mar Senior Vice President of Government and External Affairs Robert "Sandy" Sands told Guardian Business yesterday. One of the tower's restaurants had a soft opening yesterday. Sands said the ... Read More
  • NCTUB: Austerity measures that could affect workers being monitored

    The National Congress of Trade Unions of The Bahamas (NCTUB) warned the government in a press statement this week that it was taking note of any measures that could affect workers and carefully scrutinizing them. At the top of the NCTUB's list is the government's decision to "cut expenditure by 10 ... Read More
  • Aliv continues rollout with upcoming opening of Bimini flagship store

    Aliv has arrived in Bimini and will be carrying out the opening of its flagship Bimini store this Friday, the company said in a press release yesterday. The company has revealed that, to date, it has more than 70,000 subscribers. Chief Aliv Officer Damian Blackburn said in the release that the comp... Read More
  • D’Aguilar wants better deal for shore excursion companies

    Minister of Tourism Dionisio D'Aguilar vowed to explore how he and his ministry can get cruise ships to offer shore excursion companies more take-home revenue. Last week, speaking to a room full of tourism industry professionals, D'Aguilar said typically cruise ship passengers spend on average, onl... Read More



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