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Business

 
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 ...
 
 
Maritime stakeholders looking to grow industry and provide jobs
As it continues to grow, the maritime industry is generating opportunities for Bahamians seeking jobs outside of the tourism and financial services industries. President of the LJM Maritime Academy Dr. Brenda Cleare yesterday highlighted the economi...
 
 
Gomez: Refrain from eating Brazilian corned beef until all-clear
Consumer Protection Commission Chairman Jerome Gomez is warning consumers to refrain from eating corned beef until the Ministry of Agriculture lifts the precautionary ban on all beef products and beef by-products being imported from Brazil. Speaking...
 
 
Super Value owner: No risk to the public with our corned beef
Owner of Super Value Rupert Roberts said yesterday that there is no risk involved in consumers purchasing corned beef, despite the Brazilian meatpacking scandal that led countries around the world, including The Bahamas, to put a precautionary import...
 
 
Some hotels posting strong spring break numbers
Some New Providence hotels are eyeing strong occupancy rates not only during the spring break season, but into Easter and beyond, thanks to a number of sporting events on New Providence. Jermaine Wright, general manager of Comfort Suites on Paradise...
 
 
Davis: Road to number portability not easy, but Aliv is ready
Chief Technology Officer (CTO) of BeAliv Ltd. Dwayne Davis said yesterday that the platform for mobile number portability (MNP) is ready, but the road to get there was far from “easy”. “It definitely wasn’t easy. Everything we do, we are doi...
 
 
Jet Ski operators’ business so far unaffected by U.S. Embassy warning
Jet Ski operators have been largely unaffected by a warning issued through the United States Embassy in Nassau urging visitors not to use their services, but they are worried that continued warnings will eventually cause their operations to tank. As...
 
 
Aliv appoints Gravette Brown to lead business development
Aliv has announced that Gravette Brown has joined the company as its chief Aliv business developer, responsible for driving business development, fundraising, and investor relations initiatives. She will work closely with the company’s senior manag...
 
 
BHTA, Walden University honor ‘tourism champion’ from Atlantis
The Bahamas Hotel and Tourism Association (BHTA) has partnered with Walden University to honor, celebrate and provide educational opportunities to the BHTA’s “tourism champions”. “Tourism champions put forth by their employers are persons wh...
 
 
More than 3,000 pass through NTA; 70% find employment
The National Training Agency (NTA) is boasting 70 percent employment after participants have acquired a variety of skills for the workforce. Minister of Labour and National Insurance Shane Gibson addressed the success of the NTA during the graduatin...
 
 
Williams: Voice services a loss in years to come
CEO of Bahamas Telecommunications Company (BTC) Leon Williams said, in a couple of years, voice services are "going to be a giveaway" and the telecoms company will just have to find new streams of revenue. Speaking with Guardian Business, Williams s...
 
 
Report notes Bahamas’ high tax-to-GDP increase
A new report has revealed that The Bahamas recorded the highest tax-to-GDP increase in 2015 in comparison to 24 Latin American and Caribbean (LAC) countries. The report also showed that government earned $1.76 billion in tax revenue in 2015, the same...
 
 
BAMSI taking steps to revive local small ruminant industry
More than 40 acres of legume forages are being established on Andros in order to grow protein-rich food for the Bahamas Agriculture and Marine Sciences Institute's (BAMSI) small ruminants breeding program and Bahamian farmers, according to the instit...
 
 
Apparel company setting up on GB focused on increasing output
A soon-to-be Grand Bahama-based apparel company is eyeing the island's tourist base to expand its sales in 2017 and beyond to the tune of $1 million per month. A press release revealed that the Bahamas Development Corporation (BDC), which recently a...
 
 
Entrepreneurs to soon benefit from raising up to $3M via crowdfunding
Securities Commission of The Bahamas (SCB) Executive Director Christina Rolle revealed yesterday that under the proposed Business Capital Funding Rules 2017, entrepreneurs would be able to raise up to $3 million in the capital market. The rules, whi...
 
 
Grace makes case for its corned beef, but local ban still stands
Despite regional conglomerate GraceKennedy saying yesterday that its Brazilian corned beef suppliers are not under investigation, Minister of Agriculture and Marine Resources V. Alfred Gray said the precautionary ban issued by the Bahamian government...
 
 
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