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Business

 
Bahamas spared downgrade by Moody’s
International credit ratings agency Moody’s spared The Bahamas another downgrade yesterday, but warned the government that if its commitment to fiscal discipline “diminishes”, the country’s credit rating could once again be lowered. In its q...
 
 
Moody’s, S&P disagree on Baha Mar’s economic impact
The Bahamas government did not think Standard and Poor’s (S&P) gave Baha Mar’s imminent opening enough credence before the credit ratings agency downgraded this country’s sovereign credit rating to “junk” status. But credit ratings agen...
 
 
Smith lauds banking fees survey, but warns price controls could lead to market distortions
Former Central Bank Governor James Smith lauded the efforts of the Consumer Protection Commission (CPC) in finding out how the public feels about retail banking fees via a recent survey, but noted that price controls in the Bahamian economy could cre...
 
 
BAMSI working to decrease Bahamas’ $1.1 billion food bill
Part of The Bahamas’ commitment to the United Nations’ (UN) small island developing states agenda, its Sustainable Development Goals (SDGs) and 2030 Agenda for Sustainable Development is food security and seeing this country’s “growing” $1....
 
 
Ministry of Tourism’s Airlift Development Team attends Routes Americas
Las Vegas, Nevada, was the site of the 2017 Routes Americas conference, where airlines, airports and tourism planners recently congregated for non-stop meetings over a two-day period. The Ministry of Tourism’s Airlift Development Team and its indu...
 
 
BHTA to celebrate tourism’s finest at 17th Annual Cacique Awards
The Ministry of Tourism and the Bahamas Hotel and Tourism Association (BHTA) held the first Annual Cacique Awards in 1996, when the long-standing tourism partners joined their respective awards – the National Tourism Achievement Awards and the Ho...
 
 
Education minister ‘impatient’ with university’s late financials
Vice President and Chief Financial Officer (CFO) of the University of The Bahamas (UB) Ryan Antonio admitted yesterday that the institution does not have audited financials later than 2012, marking a clear violation of the institution’s legislation...
 
 
Stellar: Timeline for waste consortium on dump deal and remediation ‘impossible’
CEO of Stellar Waste to Energy Bahamas Ltd. J.P. Michielsen welcomed the opportunity to discuss financing with Bahamian waste consortium Waste Resources Development Group (WRDG), which is being considered for hire by the government to resolve the cha...
 
 
PM: Unfair for some int’l institutions to apply per capita test to Bahamas
In a meeting of representatives of small island developing states (SIDS) yesterday, Prime Minister Perry Christie insisted that it is sometimes “unfair” for geopolitical bodies and international institutions to consider the per-capita income test...
 
 
Bahamas must mitigate against climate change effects, says Christie
The Bahamas must integrate mitigating factors against the effects of climate change in everything it does moving forward, Prime Minister Perry Christie told a room full of small island developing states (SIDS) representatives yesterday, lamenting tha...
 
 
Playtech Systems executives successfully complete certificate in money laundering risks in betting and gaming
The board of directors and the chief executive officer of Playtech Systems Limited (Island Luck) are pleased to announce that Dirk W. Simmons, a member of the board of directors and the company’s chief financial officer, and Neil Major, the company...
 
 
BTC Junior Achievement Company hosts Future Leaders Seminar
Over 100 achievers participated in the Bahamas Telecommunications Company (BTC) Junior Achievement (JA) Company’s Future Leaders Seminar. The students used the theme “Solving tomorrow’s problems today”. The seminar featured a number of speak...
 
 
Regional tourism agenda of CTO, CHTA advanced by CARICOM
The Caribbean Tourism Organization (CTO), the region's tourism development agency, and the Caribbean Hotel and Tourism Association (CHTA), the umbrella private sector organization, applauded Caribbean Community (CARICOM) heads of government for takin...
 
 
CTFE invests millions in casino as it prepares for Baha Mar’s soft launch
Chow Tai Fook Enterprises has invested $20 million in its own slot machines as it prepares for the April 21 soft opening of the largest casino in the region, according to the company’s President Graeme Davis. Davis, who was a guest on the Guardian...
 
 
Number portability delayed another month
Once again, the launch date for consumers to experience mobile number portability (MNP) in The Bahamas has been delayed, this time until April 2017. The delay was hinged on advice provided by UK-based consultancy firm Laurasia Associates. The Utilit...
 
 
Financial Services, Chamber sign MOU on trade information services
The Ministry of Financial Services and the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) signed a memorandum of understanding yesterday for the rollout of a trade information services desk and electronic portal that both groups i...
 
 
Survey: Majority of bank customers feel there is no consumer protection
The majority of respondents to a retail banking survey carried out by the Consumer Protection Commission (CPC) do not feel there is “consumer protection in The Bahamas” for retail bank customers. A whopping 83 percent of respondents to the CPC...
 
 
Mobile post-paid BTC subscribers with unpaid bills off the hook with number portability
When mobile number portability (MNP) launches in The Bahamas, post-paid customers of Bahamas Telecommunications Company (BTC) with outstanding debt obligations will not be required to pay off their balances in order to keep their numbers when migrati...
 
 
BTC promoting from within: Four women rise in the ranks
Women continue to take top positions at Bahamas Telecommunications Company (BTC). Just recently, four of them secured some of the company’s most senior titles, in a wave of new appointments to the executive leadership team. Alphanique Duncombe is ...
 
 
Resorts World Bimini is a proud participant in ABC’s ‘The Bachelor’
North Bimini – Recently, viewers watched Resorts World Bimini steal the scene in this season of The Bachelor. The 750-acre premier luxury beachfront resort, casino and marina on the Bahamian Out Island of North Bimini took center stage as the backd...
 
 
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