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Web shops down to 200-plus, says Bastian
Island Luck CEO Sebas Bastian said there are currently an estimated 200-plus web shops operating in The Bahamas, while noting a significant reduction in the number of web shops to date. Speaking with Guardian Business recently Bastian said, "There h...
 
 
Govt hopes to cut business start-up process to under seven days
Deputy Prime Minister and Minister of Finance Peter Turnquest said his government is hoping to cut the process of starting a business down to less than five to seven days by creating a “one-stop shop” that will carry out the processes required to...
 
 
BFSB hosts Landfall events in Montreal and Toronto
The Ministry of Financial Services along with other industry partners attended the Bahamas Financial Services Board’s (BFSB) Landfall event, held in Canada (Montreal and Toronto) from May 30 to 31, 2017. The Bahamas Landfall Series provides financ...
 
 
Sebas Bastian’s Investar to apply for remittance, electronic banking licenses
Director of Investar Securities Ltd. Sebas Bastian revealed yesterday that the company will be applying to The Central Bank of the Bahamas (CBOB) for remittance and electronic banking licenses in light of the regulator's proposal to regulate e-money ...
 
 
OWN Bahamas announces 2017 grant winners
OWN Bahamas announced its 2017 grant winners yesterday, revealing that an arts school and asphalt maintenance company have received the coveted $15,000 in funding for their fledgling companies. Both Little Prodigies Music and Arts School and Asphalt...
 
 
Island Luck CEO interested in presenting proposal to govt on Junkanoo Carnival
Island Luck CEO Sebas Bastian revealed yesterday that he would be interested in presenting a proposal to the new government to help "significantly" reduce its subsidy for Bahamas Junkanoo Carnival, which he said could be carried out with a budget of ...
 
 
J.S. Johnson impacted by Hurricane Matthew-related claims in excess of $112 mil.
Chairman of J.S. Johnson Brian Moree revealed yesterday that claims relating to Hurricane Matthew totaled in excess of $112 million, adding that the financial impact of the storm on the company was “significant”. In its 2016 financial report, Mo...
 
 
PM: Bahamians need to increase savings
The Bahamas has traditionally been inept at increasing its national savings, Prime Minister Hubert Minnis said yesterday as he addressed the Bahamas Chamber of Commerce and Employers’ Confederation’s National Conclave. Minnis said his government...
 
 
Moxey’s education at BAMSI trumps international exposure
Academic and career goals were well in hand for Jerchoyae Moxey. Just a week after graduating from Kingsway Academy in 2015 she was on an airplane travelling to the University of Tasmania, where she had been accepted into the marine and antarctic sci...
 
 
Financial services regulators share insights with international financial services professionals
The Association of International Banks and Trust Companies in The Bahamas (AIBT) hosted the third annual AIBT Regulators Forum at the Baha Mar Convention Centre on June 7th, 2017. The half-day forum – which has quickly become a key event on the fin...
 
 
Ferreira: 80,000 derelict vehicles on NP
Minister of the Environment and Housing Romauld Ferreira revealed earlier this week that a whopping 80,000 derelict vehicles are on New Providence, and that up to 10 acres of the New Providence Landfill is filled by derelict vehicles. President of t...
 
 
Former govt approved cloning of Abaco wild horses
The former Christie administration, just days before the general election, approved a project to clone now-extinct wild horses in Abaco. The horses preserve would be used for initiatives such as alternative energy systems and ecotourism. The then g...
 
 
Morton Salt plant now fully up and running since hurricane-related damage
The Morton Salt plant, the backbone of Inagua's economy, is fully up and running since suffering damage from last year's hurricane, and is close to being able to accept larger vessels at its facility once again, the company's senior director of minin...
 
 
BTC hosting disaster recovery workshop with the business community
In an effort to supplement the physical preparedness of its infrastructure, the Bahamas Telecommunications Company (BTC) will host a disaster recovery workshop with the business community on June 23. Speaking with Guardian Business yesterday, Senior...
 
 
Bahamas Striping launches scholarship program, investment fund
From a $5,000 government grant to a multimillion-dollar, multilayered company, Bahamas Striping celebrated its seventh anniversary in grand style over the weekend, launching not only a new scholarship program but also a million-dollar investment fund...
 
 
BDB micro-loan initiative sees first successful applicant
Licensed farmer and owner of Premium Farm Bahamas Dave Munroe is the first successful applicant of a micro-loan facility offered by the Bahamas Development Bank (BDB). The fund, operated in conjunction with the Bahamas Agriculture and Marine Science...
 
 
Government to launch youth entrepreneur/development program
The government of The Bahamas will launch a youth entrepreneur and youth development program over the next five years that will “inspire and empower a new generation of Bahamian entrepreneurs”. The program will assist young Bahamian entrepreneur...
 
 
Govt ‘speeding ahead’ to finalize, retool landfill RFP process
Minister of the Environment and Housing Romauld Ferreira said yesterday the new government is “speeding ahead” to finalize and retool the request for proposals (RFP) process for the remediation and operation of the New Providence Landfill. While...
 
 
Komolafe: Private sector remains ‘challenged’, burdened with ‘red tape’
While the new government continues to review the country’s economic state, Chairman of the Bahamas Insurance Association (BIA) Emmanuel Komolafe lamented that the private sector remains “challenged” and businesses are still burdened with “red...
 
 
Need to weigh pros and cons of oil drilling, says Ferreira
After stating that the country is “broke”, a Cabinet minister said yesterday that the country needs to decide whether protecting its natural resources outweighs the potential financial benefits of a possible oil discovery. Environment and Housin...
 
 
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