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Business

 
GBPA & Indiegogo to host crowdfunding workshop
Local entrepreneurs are gearing up to grow their businesses through crowdfunding in the global marketplace and contribute to Grand Bahama’s economic vibrancy. The 2017 Small Business Fair and Training Workshop hosted by the Invest Grand Bahama Sma...
 
 
BIA rips KPMG report to pieces
The Bahamas Insurance Association (BIA) slammed a recent KPMG report on National Health Insurance (NHI), suggesting the accounting firm has a conflict of interest, given KPMG’s position as a lead consultant on the country’s development of its uni...
 
 
IDB to fund Family Island airport improvements at $35M
The government is set to receive a loan from the Inter-American Development Bank (IDB) for the improvement of four Family Island airports at a cost of $35 million. The airports of Exuma, North Eleuthera, Marsh Harbour and Treasure Cay are slated to r...
 
 
Global airline industry bottom line to improve, despite cost increases
A recent study found that chief financial officers and heads of cargo in the airline industry across the world expect slight increases in profitability by year-end 2017, but say they remain challenged by annual increases in operating costs. The Inte...
 
 
Bahamas model for trade unsustainable, quality standards to be enforced
The Bahamas’ current economic model for export and import and its reliance on banking and tourism are “unsustainable”, according to a draft National Quality Policy (NQP) report for The Bahamas published by the Bahamas Bureau of Standards & ...
 
 
Bahamas the country with least perceived corruption in the Caribbean
The Bahamas is the top ranking country in the Caribbean for the least amount of perceived corruption, the latest corruption perception index published by Transparency International revealed. However, the organization called for the country to end tax...
 
 
Compliance regime strengthening to mitigate risk of EU blacklisting
CEO and Executive Director of The Bahamas Financial Services Board (BSFB) Tanya McCartney told Guardian Business that efforts made to implement the common reporting standard (CRS) in 2018 along with other compliance regimes should lessen the risk of ...
 
 
Stellar would access $1 billion fund to jumpstart waste-to-energy
Stellar Energy Group continues to fight for the construction of its waste-to-energy (WTE) plant in The Bahamas, as well as the full remediation of the New Providence landfill, revealing yesterday that the company has access to a $1 billion dedicated ...
 
 
IATA: Bahamas will remain a travel destination leader over next 20 years
Air travel to and from the Caribbean is forecast to reach 86 million passengers annually by 2035, and The Bahamas is expected to be one of the top 10 destination markets to help sustain that influx over the next 20 years, according to a report publis...
 
 
Securities Commission publishes new slate of recognized examinations
The Securities Commission of The Bahamas recently published via its website an updated list of the examinations it will accept when evaluating whether individuals have the appropriate education and experience for registration to perform securities bu...
 
 
BHTA sets 2017 goals
The president of the Bahamas Hotel and Tourism Association (BHTA), Carlton Russell, recently met with a cadre of tourism professionals who comprise the BHTA’s executive committee at a strategic planning retreat to embrace the opportunities that fac...
 
 
Grand Hyatt Baha Mar deal sealed
Chow Tai Fook Enterprises (CTFE) last week finalized a definitive agreement to have Grand Hyatt operate its casino and convention hotels, Baha Mar President Graeme Davis said yesterday, adding that Baha Mar will become the Hyatt's flagship property i...
 
 
Christie: Govt has approved ‘billions’ in tourism projects
Prime Minister Perry Christie revealed that government has approved $8 billion in tourism projects that will eventually create 15,000 new jobs in the country. Speaking at the annual Bahamas Business Outlook, Christie outlined several development pro...
 
 
NHI could add $500M to economy
A new report penned by accounting firm KPMG Bahamas revealed that the primary care phase of National Health Insurance (NHI) could contribute nearly $500 million per year to The Bahamas’ gross domestic product (GDP) by 2040, while generating $110 mi...
 
 
Report: NHI could lead to better workforce productivity
The primary care phase of National Health Insurance (NHI) is expected to improve the overall health of workers, ultimately resulting in higher levels of productivity and lower rates of absenteeism, according to a new NHI report on primary care penned...
 
 
AML announces new chairman of the board
AML Foods Limited, one of the country’s largest grocers and a leader in providing quality and value to Bahamians, today announced that Franklyn A. Butler II has been elected chairman of the board of directors. He replaces Dionisio D’Aguilar, who ...
 
 
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 undersc...
 
 
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 b...
 
 
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 114.2...
 
 
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 re...
 
 
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