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Business

 
Pelican Bay hosts private dining experience
FREEPORT, Grand Bahama – This past February, the Pelican Bay Hotel, through its recently launched Instagram page, invited its guests both local and international to ‘Find Love’ during its first ever Scavenger Hunt Competition. The promotion rec...
 
 
Royal Caribbean vows to double passengers to three million
Royal Caribbean Cruises Limited (RCCL) vowed yesterday to double the number of passengers it brings to The Bahamas to 3 million, as its chief executives signed a memorandum of understanding with The Bahamas that will usher in $150 million in further ...
 
 
Physician remuneration concerns as NHI sign up date approaches
The first round of physicians who will be signing on as primary care providers under National Health Insurance (NHI) have until the end of this month to do so. While this process closes within weeks, Medical Association of The Bahamas (MAB) Presiden...
 
 
Hundreds of workers to be trained at Grand Bahama Shipyard
The Bahamas houses the largest cruise ship repair yard in the world, Prime Minister Perry Christie said yesterday, revealing that Royal Caribbean Cruises Ltd. (RCCL) and the government of The Bahamas have entered into a joint venture to see hundreds ...
 
 
Hope is not a strategy to reduce deficit, says Collie
Free National Movement (FNM) Chairman Sidney Collie said yesterday that “hope” is not a strategy to reduce the government’s fiscal deficit below $300 million before the budgetary period ends. Collie issued a statement responding to comments ma...
 
 
Flow To Go exceeds BTC’s expectations
As an early Christmas present, Bahamas Telecommunications Company (BTC) launched its mobile television service, Flow To Go. With just eight weeks since its launch, the company is elated about the public’s response. “Over 14,000 customers have sa...
 
 
PM: Govt very close to choosing new dump manager
Government is moving quickly to find a company to manage the New Providence Landfill, especially given the tragic fire that impacted residents of Jubilee Gardens on Sunday. So far two companies, both with United States ties, have been identified. Du...
 
 
RBC FINCO’s non-performing mortgages up $16.9M
RBC FINCO shed light on the country’s mortgage crisis yesterday, revealing in its annual report a $16.9 million increase in non-performing mortgages for the fiscal year that ended October 31, 2016. Director of RBC FINCO Franchon Braynen outlined t...
 
 
International standards not being used at landfill, says Michielsen
The bid for Stellar Energy to operate a waste-to-energy (WTE) facility at the New Providence Landfill could continue to be a pipe dream for the company, as Minister of the Environment Kenred Dorsett yesterday said an energy reform task force took the...
 
 
Businesses impacted by landfill fire
Since 2012, Gladstone Freight Terminal (GFT) has never closed its doors with respect to a fire until yesterday, as a result of the massive fire that roared across the New Providence Landfill on Sunday. GFT, located off Gladstone Road, acknowledged t...
 
 
Luigi Romaniello appointed Rosewood Baha Mar managing director
Rosewood Hotels & Resorts announced yesterday the appointment of Luigi Romaniello as managing director of Rosewood Baha Mar, the newest Caribbean addition to the Rosewood portfolio. As managing director, Luigi Romaniello will lead all hotel opera...
 
 
Commonwealth Bank’s board approves extraordinary dividend
The board of directors of Commonwealth Bank Limited has announced a final extraordinary dividend of six cents per share based on the bank’s 2016 results of $57.4 million in net income. The extraordinary dividend, approved at the bank’s February ...
 
 
‘DealTrakr’ app launch by BAMMCo makes history
The revolutionary DealTrakr app, developed by BAMMCo (Bahamas Apps & Mobile Marketing Co.), brings proximity marketing to The Bahamas. DealTrakr is the first location-based deal hub to launch in this country. BAMMCo has successfully created an e...
 
 
Airports Council International ranks LPIA second best airport In Latin America-Caribbean Region
Airports Council International (ACI) has announced the winners of the 2016 Airport Service Quality (ASQ) Awards. The body named Lynden Pindling International Airport (LPIA) in Nassau the second best airport – with over two million passengers per ye...
 
 
From apprentice to employee
David Barry was a student of the painting and decorating program in 1969, back when the Bahamas Technical and Vocational Institute (BTVI) was known as Nassau Technical Centre. He went on to become an apprentice, and today is an employee who says he h...
 
 
BMD: Baha Mar had two completion guarantees from CSCEC
BMD Holdings, the original developer of Baha Mar, yesterday shot back at claims that it did not protect itself against the possibility of its general contractor not being able to complete the required work on the megaresort. BMD, in a release, said ...
 
 
Study ranks Bahamas seventh most expensive country to live in
A recent study conducted by relocation firm MoveHub, revealed that The Bahamas ranks seventh out of the 21 most expensive countries in the world to live in. The ranking was fueled by The Bahamas’ import bill being significantly higher than the co...
 
 
Deficit reaches $314.2M; govt optimistic it will stabilize
As the end of the fiscal year approaches, the government has an “optimistic” view that the fiscal deficit will stabilize despite it reaching an alarming $314.2 million just half way through the budget period. Minister of State for Finance Michae...
 
 
Collie casts blame on PLP for Water and Sewerage Corp.’s $147M deficit
Taxpayers will be responsible for an almost $150 million deficit on the Water and Sewerage Corporation's (WSC) books, Free National Movement (FNM) Chairman Sidney Collie said in a statement yesterday. Collie was responding to a recent audit of WSC t...
 
 
National debt now over $7 billion
The country’s national debt has now climbed over $7 billion as of 2016, a revelation that came in The Central Bank of The Bahamas’ (CBOB) Quarterly Statistical Digest (QSD) February, 2017 report. The report, published this weekend, shows that th...
 
 
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