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Business

 
Central Bank to complete non-banking electronic payment framework by year-end 2017
This year The Central Bank of The Bahamas (CBOB) is looking to wrap up its initiative to implement a regulatory framework for non-banking electronic payments providers, given the rise in mobile technology used in today’s banking industry. In its 2...
 
 
Local printing companies miss out on huge political T-shirt orders
Owner of Suntee Embroidme Scott Farrington said he thinks it should be mandated that the government and political parties purchase their products during an election season only from Bahamian companies. In a statement sent to Guardian Business, Farri...
 
 
Chamber CEO: Vacation rental sector in need of regulation
CEO of the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Edison Sumner asserted the need for regulation and accountability in the country’s vacation rental business. Sumner told Guardian Business recently that any sector opera...
 
 
BTC, Garvin Tynes Primary partner for autism awareness
Garvin Tynes Primary School held a special assembly recently to observe Autism Awareness Month. The assembly, under the theme “All Things Bright and Beautiful”, was attended by parents, students from the autism center at the school and the other ...
 
 
BTC loses 6,000 mobile subscribers
Cable & Wireless Communications (C&W), part owner of Bahamas Telecommunications Company (BTC), said 6,000 mobile subscribers, both prepaid and postpaid, were lost in the first quarter of 2017 as a result of competition from BeAliv Ltd. CWC a...
 
 
Ingraham: We have to save Bank of The Bahamas
Former Prime Minister Hubert Ingraham said yesterday that the next government of The Bahamas will have to deal with the Bank of The Bahamas (BOB) debacle almost immediately after it takes office. BOB is now embroiled in a court battle to avoid the i...
 
 
T-shirt companies lament decline in local orders during election season
Owner of Dorsett Tees, Harold Dorsett, lamented yesterday the lack of business provided to local T-shirt printing companies by major political parties during the election season. Another local printing company said most of their T-shirt orders came f...
 
 
Central Bank: Fiscal deficit at $310.4 mil. for 2015/2016 fiscal year
The fiscal deficit more than doubled before the passage of Hurricane Matthew and landed at $310.4 million at the end of the 2015/2016 fiscal year. The Christie administration has continually asserted that Hurricanes Matthew and Joaquin led to unexpe...
 
 
IPSI announces successful interconnectivity to BTC’s system
IP Solutions International’s (IPSI) newly appointed chief technology officer (CTO), Michael Broome, gave Guardian Business a sneak peek at the back end of IPSI’s systems after Bahamas Telecommunications Company (BTC) successfully connected the co...
 
 
BTC to be official sponsor for Haitian Flag Day 2017
Bahamas Telecommunications Company (BTC) is gearing up to celebrate Haitian Flag Day this weekend. The company has been an avid supporter of the Haitian community for over ten years. BTC will again title sponsor this year’s events in New Providence...
 
 
Eleuthera Healthcare Centre agreement mobilized
PALMETTO POINT, Eleuthera – Prime Minister and Minister of Finance Perry Christie said on May 8, 2017 that he is pleased to announce the Public Hospitals Authority (PHA), under his auspices as prime minister, would execute a formal agreement for pr...
 
 
BPL urged to focus on utility-scale renewables
The Utilities Regulation and Competition Authority (URCA) is recommending that Bahamas Power and Light (BPL) focus its efforts on implementing utility-scale renewable energy in order to meet the country’s “overall national renewable energy target...
 
 
Atlantis launches new marketing campaign highlighting Bahamian art and culture
Atlantis officially launched its “Come to Life” campaign yesterday, aimed at using the resort’s international reach to take The Bahamas’ art and culture to the world. According to a statement from Atlantis, the world-renowned resort is “tu...
 
 
BISX registers Q1 decline in All-Share Index
The Bahamas International Securities Exchange (BISX) released its statistical report for the first quarter of 2017 yesterday, outlining that the All-Share Index closed March 31 at 1,902.75, representing a year-to-date decrease of -1.83 percent for th...
 
 
Bahamas Carnival Cruise a huge success in second year
The owner of one of the companies that had much to lose from the almost-postponement of Bahamas Junkanoo Carnival, said his Bahamas Carnival Cruise received rave reviews from the individuals who sailed from Miami to Nassau for carnival. President of...
 
 
Bahamas Waste supports Autism Awareness Month all year long
In 1991, only one in 500 children were considered autistic. In 2002 that figure jumped to one in 150. Now, according to statistics from the Centers for Disease Control and Prevention (USA), one in every 68 children will be diagnosed as autistic, repr...
 
 
BTC to launch Samsung Galaxy S8 on May 12
Bahamas Telecommunications Company (BTC) has been testing the Samsung Galaxy S8 device for the last several weeks. It will be the first mobile carrier in the country to have the new device on its shelves. BTC yesterday released its official launch da...
 
 
URCA criticizes BPL’s analysis on renewable energy generation
The Utilities Regulation and Competition Authority (URCA) last week published an initial decision and preliminary determination regarding Bahamas Power and Light's (BPL) Small-Scale Renewable Generation (SSRG) Plan, wherein the regulator chided the p...
 
 
Young Bahamians to remove billboards, posters after election
A group of young Bahamians working with a local non-profit organization have made the decision to come together this Thursday and Friday to clean up political signs and posters across New Providence. The posters and signs advertising party candidate...
 
 
Lawsuit filed against Fyre Festival seeks $5 mil. in damages
Fyre Festival is facing yet another court action brought by law firm Greenspoon Marder in the United States District Court for the Southern District of Florida "on behalf of all ticket purchasers defrauded and wronged by the organizers of Fyre Festiv...
 
 
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