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Air arrival numbers contract in first quarter of 2017
U.S returning passengers to The Bahamas declined by seven percent in the first quarter of 2017, according to data cited in The Central Bank of The Bahamas’ Monthly Economic and Financial Developments (MEFD) report for March 2017. The regulator sai...
 
 
Colina Holdings outlines impact of prime rate reduction
Colina Holdings Bahamas Limited (CHBL) said the decrease in the Bahamian prime rate would significantly affect future investment earnings on floating rate instruments. A floating rate instrument refers to a loan, mortgage or bond that does not have ...
 
 
Sandals receives inquiries about state of Exuma after Fyre Festival debacle
Due to the controversy and international press regarding the botched Fyre Festival, General Manager of Sandals Emerald Bay Jeremy Mutton told Guardian Business yesterday that he has received some inquiries about the state of Exuma from prospective vi...
 
 
BNFC CEO: Carnival can likely never be 100 percent privatized
Bahamas Telecommunications Company’s (BTC) senior manager of events and promotions, Carole Barnett, said yesterday that the telecommunications provider is committed to seeing Bahamas Junkanoo Carnival develop in the future. Meantime, Bahamas Nation...
 
 
Over 6,500 Bahamians enroll for NHI Bahamas in first week
Over 6,500 Bahamians enrolled with NHI Bahamas within the first week after the launch of the enrollment phase. Since April 24, thousands of persons have been enrolling online and in person at enrollment locations across The Bahamas. The first group o...
 
 
Solomon’s Fresh Market wine tasting event benefits REACH Bahamas
Solomon’s Fresh Market teamed up with Young’s Fine Wine to host an evening of food, wine and networking in support of Autism Awareness Month. The charity sampling event at the Solomon’s Old Fort Bay location, raised funds to assist REACH Baham...
 
 
Fyre Festival organizers say local vendors will be paid
Fyre Festival co-founder Billy McFarland assured the Ministry of Tourism that local vendors that assisted with staging the event would be paid amid claims that they have yet to be compensated for work performed, according to a statement from the Mini...
 
 
Mobile voice subscribers increased by 16 percent in 2016
The number of mobile voice subscribers increased by 16 percent in 2016, the year that The Bahamas’ second mobile operator, BeAliv Ltd., entered the telecoms market. The Utilities Regulation and Competition Authority (URCA) issued information on th...
 
 
Report: URCA’s entry into energy sector increased its expenses
The Utilities Regulation and Competition Authority’s energy sector (ES) staff costs increased 75 percent last year as the regulator came in to oversee the sector, according to its annual report released yesterday. The energy regulator, new to the ...
 
 
Baha Mar SPV remains committed to creating wildlife sanctuary
The special purpose vehicle (SPV) called Perfect Luck, created to handle the assets of Baha Mar, has agreed to put almost $2 million into creating a wildlife sanctuary in the area of its back-of-house (BOH) operation just off Gladstone Road — $700,...
 
 
URCA: Price cap implementation to improve mobile sector competition
By the end of 2017, the Utilities Regulation and Competition Authority (URCA) plans to complete price cap regulation for the electronic communications sector (ECS), a move that will help to further foster an environment for competition in the telecom...
 
 
Engineer graduate participates in Aliv trainee program
He has been a part of the Aliv Graduate Trainee Program for six months and is responsible for assisting with the development of the core network for The Bahamas’ newest mobile network. After completing two engineering degrees with a minor in mathem...
 
 
BAMSI testing new varieties of sweet potato
The Bahamas Agriculture and Marine Science Institute’s (BAMSI) efforts to advance The Bahamas’ domestic food security program is yielding success. Eight varieties of sweet potato and two cultivars of cassava were produced at BAMSI’s locations i...
 
 
Over 30 Bahamians are now BTC business owners
“If there is anything worth honoring, it is endurance.” These were the words of Crooked Island native Barbara Gibson, a Bahamas Telecommunications Company (BTC) employee of over thirty-eight years, who changed her status from team member to owner...
 
 
Rolle: Fyre Festival fallout for Exuma
The failed execution of the inaugural Fyre Festival will not only have an adverse impact on Exuma’s local economy, but also leave a scar on the island’s image as a tourist destination, according to Exuma Chamber of Commerce President Pedro Rolle....
 
 
No rate increase as GBPC approves recovery of regulatory asset via 10 cents per kWh charge
While the Grand Bahama Port Authority (GBPA) had no intention of increasing Grand Bahama Power Company's (GBPC) rates to customers following the passage of Hurricane Matthew, it did approve the "recovery of a $20,600 regulatory asset through a fuel/o...
 
 
Economic boost projected from Spartan Race in November
One of the most popular obstacle course running brands in the world is coming to New Providence in November, according to the owner of RETRO Management (Rhondi's Entertainment Training and Recruitment Organization), Rhondi Treco. Spartan Race posted...
 
 
Sumner stresses support for SMEs at opening of Little Caesars
While speaking at the grand opening of Little Caesars Pizza, CEO of the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Edison Sumner urged consumers to support small and medium-sized enterprises (SMEs) such as the new establishmen...
 
 
Securities Commission reappointed to chair regional securities regulators group
Securities regulators from over 15 Caribbean jurisdictions selected the Securities Commission of The Bahamas to continue as the chair and secretariat of the Caribbean Group of Securities Regulators (CGSR) for the 2017–2019 period. The announcement...
 
 
BTC opens new corporate HQ on Grand Bahama
FREEPORT, Grand Bahama — Bahamas Telecommunications Company (BTC) further cemented its reputation as a pillar of the Grand Bahama Community on Friday, April 28 as the company officially opened the doors to its brand new corporate headquarters on th...
 
 
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