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Breaking News:

Business

 
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...
 
 
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...
 
 
New automated license system to begin February 6 on Grand Bahama
FREEPORT, Grand Bahama – Learning experiences from the rollout of the new licensing system in Nassau should help to make the transition on Grand Bahama that much smoother. Controller of the Road Traffic Department Ross Smith was in Grand Bahama on...
 
 
Electronic trade portal to be launched by Ministry of Financial Services
The Ministry of Financial Services conducted an information session on The Bahamas’ trade information service desk and electronic portal at SuperClubs Breezes on January 18. The official launch of the trade portal is tentatively scheduled for early...
 
 
Thousands apply to Baha Mar
Job application numbers at Baha Mar grew by almost 1,000 over 24 hours, spiking to 5,475 applications yesterday from Tuesday’s number. The recruitment drive for locals-only jobs at Baha Mar began Monday. Robert “Sandy” Sands, Baha Mar's senior...
 
 
CIBC FirstCaribbean’s non-performing loans down 27 percent
Amid a challenged economy, CIBC FirstCaribbean International Bank (Bahamas) Limited (FCIB) recorded a decline of 27 percent in non-performing loans for the fiscal year ending October 31, 2016. In the bank’s unaudited financial statements for the y...
 
 
Memories Grand Bahama still closed since passage of Hurricane Matthew
Memories Grand Bahama Beach & Casino Resort remains closed since the passage of Hurricane Matthew, but discussions are underway to finding a “swift resolution” to open the resort. In the interim, Guardian Business understands that the resort...
 
 
CFAL: Focus on taxation while excluding fiscal austerity not working
CFAL has weighed in on The Bahamas’ most recent sovereign credit rating downgrade by Standard and Poor’s (S&P), and agrees that the government has a long way to go to improve The Bahamas’ fiscal standing before it can bring the economy back...
 
 
BTVI, U.S. Embassy strengthening alliance
Officials of the United States Embassy and the Bahamas Technical and Vocational Institute (BTVI) recently engaged in a productive dialogue. U.S. Embassy Public Affairs Officer Penny Rechkemmer and Education and Cultural Specialist Chanelle Cleare, me...
 
 
Bahamas Customs to celebrate International Customs Day
FREEPORT, Grand Bahama – Community involvement, honoring long-serving officers, educating and advising stakeholders, and sporting events are among the list of activities planned for the celebration of the 28th International Customs Day. During a p...
 
 
Sealy: NHI will lead to increased healthcare system costs
While asserting the need for a National Health Insurance (NHI) scheme in The Bahamas, CEO of Doctors Hospital Charles Sealy admitted that its implementation will lead to a rise in costs for the healthcare system as a result of increased technology us...
 
 
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