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Business

 
Aliv gives back to community devastated by fire
Following a fire on Wednesday night that devastated a shantytown just west of Fire Trail Road, leaving some residents homeless and others horrified by the tragedy they had witnessed, Aliv teamed up with local activist and radio personality Louby Geor...
 
 
Deadline for first round of physician sign-ups on NHI today
With today being the deadline for first-round sign-ups of primary care physicians under National Health Insurance (NHI), Guardian Business has gotten a first look at the possible capitation schedule for outpatient services. In a document received by...
 
 
Dames: Bahamas Junkanoo Carnival within budget
The Bahamas National Festival Commission (BNFC) is on target to stay within budget for this year’s carnival, after government slashed its allocation to the event by 50 percent. CEO and Managing Commissioner of the BNFC Roscoe Dames said during a p...
 
 
Aliv increases bond issuance to $60M as investors flock to new mobile carrier
Be Aliv Ltd. has doubled its bond offering to $60 million, placing the company in a “very comfortable” position for funding, its Chief Financial Officer Barry Williams revealed yesterday. Speaking with Guardian Business, Williams explained that ...
 
 
Twin Brothers’ renovations bring satisfied customers
Bahamian entrepreneur and owner of Twin Brothers restaurant Danny McCardy said that after being in business for over 27 years, his advice to budding entrepreneurs is to remain consistent. Amid a challenged economy, McCardy admitted there were times ...
 
 
BTC Foundation has accrued $1.3 million since its creation
Prime Minister Perry Christie broke his silence on the BTC Foundation Wednesday, revealing that the fund has accrued almost $1.3 million since it was established in 2014. Christie said the BTC Foundation is the custodian of 5,093,200 non-voting sh...
 
 
ParrisWhittaker named finalist In 2017 Lloyd’s List Americas Awards
FREEPORT, Grand Bahama – Maritime and shipping law firm ParrisWhittaker has become a finalist for the prestigious 2017 Lloyd’s List Americas Awards, and will compete against five other firms for Law Firm of the Year at a New York City gala on May...
 
 
Aliv continues expansion to Eleuthera
Aliv, The Bahamas’ newest mobile network, is pleased to announce the opening of two retail stores on the island of Eleuthera. On Monday, March 27, an Aliv retail store opened in Spanish Wells and another in Governor’s Harbour. Official grand open...
 
 
Breezes Resort & Spa Bahamas wins GTA award for ‘Best Caribbean Production’
On March 15, Breezes Resort & Spa Bahamas received GTA’s coveted “Best Caribbean Production” award in recognition of the hotel’s outstanding performance and partnership throughout 2016. The award was presented to SuperClubs Chairman John ...
 
 
PM: Deficit misses lower projection as a result of Hurricane Matthew
The country’s deficit is now projected to land at $350 million by the end of the 2016/2017 fiscal year, a figure that, as a result of Hurricane Matthew, puts a dent in the original, lower projection. Mid-year into the fiscal year, figures also sho...
 
 
Govt announces liberalization of exchange controls
Prime Minister Perry Christie announced yesterday the approval of further liberalization of exchange controls, which would allow certain categories of Bahamian-owned businesses to access investment financing in foreign currency and is expected to tak...
 
 
Government extends exigency order another 90 days
The exigency order put in place by the government in the wake of Hurricane Matthew has been extended by 90 days, after the government’s forfeiture of more than $23 million during the initial exigency order to assist hurricane-impacted persons. The...
 
 
Cotton Bay begins critical land clearing as development gets underway
The opening of Cotton Bay in 2020 and Jack’s Bay in South Eleuthera will create a “critical mass” on the island that will be unequaled in terms of investment in the island’s communities, Arawak Homes Chairman Sir Franklyn Wilson told Guardian...
 
 
IDB outlines challenges facing Bahamian economy
The Inter-American Development Bank (IDB) said the “greatest” challenge facing the Bahamian economy is achieving a higher growth trajectory, while it lamented the state of the country’s constrained private sector. “At 0.3 percent estimated g...
 
 
Bahamas Trade Information Service Portal launch days away
FREEPORT, Grand Bahama – Minister of Financial Services and Local Government C.V. Hope Strachan was in Grand Bahama on Friday to begin the process of educating the business community on The Bahamas Trade Information Service Portal, which is set to ...
 
 
Tourism director charges Grand Bahama residents to make tourism their business
FREEPORT, Grand Bahama – In an address to the Grand Bahama Chamber of Commerce last week on Wednesday, Ministry of Tourism Director Betty Bethel asserted that Grand Bahama's future ultimately rests in the hands of both public and private stakeholde...
 
 
Aliv sends staff to major sponsorship conference
More than 1,200 marketing professionals from internationally recognized brands gathered recently at a major conference in Chicago, Illinois. Among the marketing specialists at the conference, hosted by the Independent Evaluation Group (IEG), were Al...
 
 
Bahamas-based banks implicated in Brazil oil scandal
The Bahamas was named in a scandal sweeping through Brazil’s state-owned oil company Petrobras. Brazilian prosectors announced yesterday the arrest of Roberto Goncalves, a former executive engineering manager of Petrobras, according to the Associa...
 
 
Bahamian angel investors scarce thus far
The search for angel investors in The Bahamas has thus far been a challenge for Manager of Competitiveness and Innovation at the Caribbean Export Development Agency (Caribbean Export) Christopher McNair, but he is hopeful he will find a willing group...
 
 
Bahamas shark dive business biggest in the world, study reveals
A recent study published in the journal “Biological Conservation” found that sharks and rays contributed $114 million to the Bahamian economy in 2014 and that this country has the largest shark diving industry in the world. The study also found ...
 
 
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