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Business

 
Bahamas would be ‘silly’ to ignore Cuba, says tourism minister
Former Minister of Tourism Obie Wilchcombe constantly diminished the threat Cuba’s developing tourism industry could pose to The Bahamas, but new Minister of Tourism Dionisio D’Aguilar told Guardian Business yesterday that this country would be ...
 
 
LPIA to increase fees near end of year
The Nassau Airport Development (NAD) Company is proposing an increase on certain fees for domestic and international passengers to help service some of its debt obligations. The changes are expected to take effect December 1, 2017. In a statement is...
 
 
‘Bureaucracy’ causing IPSI’s sluggish move into the telecoms market
IP Solutions International (IPSI) recently successfully carried out interconnectivity with the Bahamas Telecommunications Company (BTC), but IPSI has had difficulty moving forward with its business aspirations, a road block Guardian Business understa...
 
 
Bahamas Insurance Association re-elects officers
The Bahamas Insurance Association (BIA) held its Annual General Meeting (AGM) on May 24, 2017 where Emmanuel Komolafe and Lyrone Burrows were re-elected as chairman and deputy chairman (life & health) respectively, for another two-year term.Other...
 
 
ORG chairman: Rethink VAT breaks
Adding a value-added tax (VAT) concession on certain items will make the already complicated tax an even greater burden on the private sector, the chairman of the Organization for Responsible Governance (ORG) told Guardian Business yesterday. Robert...
 
 
Atlantis to introduce locally owned and operated Bahamian restaurants to Marina Village
Atlantis is preparing to introduce at least two new authentically Bahamian restaurants to its Marina Village offering, Guardian Business can confirm. Sources close to both the restaurants and Atlantis explained that the country’s largest private e...
 
 
VAT exemption on breadbasket items could have negative fiscal implications
The Free National Movement (FNM) government’s move to reduce value-added tax (VAT) on breadbasket items may have a bittersweet impact on the nation’s fiscal deficit under the condition that spending remains excessive, according to economist Ruper...
 
 
Oxford study finds Bahamian food producers lack ‘competitive advantage’ to scale exports
A recent study by Oxford Economics found that producers in The Bahamas lack a competitive advantage that would make export a feasible economic opportunity, and it added that imports from other Caribbean producers have been more successful in penetrat...
 
 
GBPA encourages global best practices at innovation & e-commerce bootcamp
As innovation continues to be the driver of business success, executives at the Grand Bahama Port Authority, Limited (GBPA), are encouraging licensees to embrace global best practices via its upcoming Business Innovation & e-Commerce Bootcamp, sl...
 
 
Higgs & Johnson a finalist for 2017 Lloyd’s List Americas Law Firm of the Year Award
Full service corporate and commercial law firm Higgs & Johnson was celebrated as a finalist in the Law Firm of the Year category at the 2017 Lloyd's List Americas Awards held in New York City on May 25, 2017. The awards recognize the best in ship...
 
 
Govt considering VAT deal with Airbnb
Tourism Minister Dionisio D’Aguilar said the government might move to strike a deal to authorize online hospitality service Airbnb to collect value-added tax (VAT) on its behalf for vacation rental homes. Speaking with Guardian Business, D’Aguil...
 
 
Trip Advisor users give Baha Mar decent ratings so far
Baha Mar may only have 22 reviews on Trip Advisor, but most of them rate the resort, its casino and restaurants favorably. Some reviews caution that travelers may want to wait until the resort is fully completed to visit. Reservations systems for th...
 
 
LPIA rated highly in ASQ survey
Nassau Airport Development Company (NAD) revealed yesterday that overall airport ambiance and inspection staff are positive attributes of Linden Pindling International Airport (LPIA), ranked 4.31 and 4.25 respectively, out of a top rating of five, in...
 
 
D’Aguilar: Govt to explore new int’l markets for Bahamasair
Tourism Minister with responsibility for Bahamasair Dionisio D’Aguilar said the Free National Movement (FNM) government would look at finding new international markets for the cash-strapped airline to service, in order to bring more visitors to The...
 
 
Lavardo is Popeyes’ and Coca-Cola’s first winner
Congratulations to Lavardo Comarcho for securing the first weekly winner spot in the Popeyes and Coca-Cola Beach Box Giveaway. Lavardo was ecstatic about his winnings as he stated, “I’ve never won anything in my life, it must be the people’s ti...
 
 
Govt to move ahead with Over-the-Hill tax free economic zones
The Dr. Hubert Minnis-led government is following through with its plan to offer concessions and create tax free economic zones in Over-the-Hill areas. In the Speech from the Throne, read by Governor General Dame Marguerite Pindling, the new governm...
 
 
New administration plans ‘rebound’ for Grand Bahama
The Free National Movement-led government yesterday pledged a “rebound” of Grand Bahama by giving the island a signature brand identity and bringing “strategic” partners who will bring world-class tournaments and competitions to the second ca...
 
 
FNM plans to bolster and modernize tourism sector
The Dr. Hubert Minnis-led government offered big promises for the country’s tourism sector in yesterday’s Speech from the Throne, read by Governor General Dame Marguerite Pindling. In the government’s mandate for governance, it said its focus ...
 
 
Former finance minister urges new govt to control spending
Former Minister of Finance Sir William C. Allen yesterday urged the new government to examine the level of spending that got “out of hand” over the past five years under the former Christie administration, despite a significant boost in revenue f...
 
 
Protection of homeowners still a priority for FNM govt
With mortgage delinquencies sitting above an estimated $600 million, the Free National Movement (FNM) intends to review legislation that would facilitate the protection of homeowners with respect to foreclosures. In the Speech from the Throne read y...
 
 
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