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Business

 
Baha Mar plans five days of activities leading up to opening
With only two more days until the soft opening of Baha Mar, the mega resort has planned five days of activities for its new staff members in the lead-up to Friday’s ribbon-cutting ceremony. The five days, outlined on a flyer acquired by Guardian B...
 
 
Bahamas among top 10 destinations for American travelers to buy terrorism insurance coverage
A recent trend report on travel insurance listed The Bahamas as one of the top 10 destinations for U.S. travelers showing interest to purchase terrorism coverage. The report, released by popular U.S. insurance comparison site Squaremouth, said that ...
 
 
Bahamas Power and Light goes electric
Bahamas Power and Light (BPL) has become the latest organization in the country to acquire electric vehicles (EVs) for its company fleet. To date, BPL has purchased two 100 percent electric Nissan LEAFS from the local EV distributor, Easy Car Sales....
 
 
‘AgriVision 2021’ presented to agriculture minister
V. Alfred Gray, minister of agriculture and marine resources, was presented with “AgriVision 2021: A Five Year Food and Nutrition Security Plan to Feed The Bahamas”. The plan is a production by the Bahamas Agriculture and Marine Science Institut...
 
 
Current economic model unsustainable, say Francis and Smith
The Bahamas has to move away from the current economic model that relies heavily on tourism and foreign direct investment (FDI) if it is to start to recognize real growth in the long term, a former governor of the Central Bank suggested yesterday. J...
 
 
Central Bank governor: Web shops need financial sector integration to enter banking sector
While Central Bank of The Bahamas Governor John Rolle did not shut down the idea of web shop owners applying for a bank license, he warned that establishing a financial institution in The Bahamas still requires integration into the global financial c...
 
 
Hurricane Matthew put dent in original fiscal target, says Rolle
As the end of the budget period approaches, Governor of The Central Bank of The Bahamas (CBOB) John Rolle said the government would have been much closer to meeting its fiscal targets if Hurricane Matthew had not occurred. Rolle told Guardian Busine...
 
 
Former governors: Bahamians badly served by political class in explanation of economy
Bahamians have been “badly served” by the political class in terms of understanding the country’s economy, how it works and where it is going, two former governors of the Central Bank agreed yesterday. They explained that certain economic measu...
 
 
Technology drives Aliv efforts to satisfy customers
Aliv Telecommunications Company Ltd. is keeping itself on the cutting edge of technology in order to provide the best customer experience, according to Dwayne Davis, Aliv chief solutions architect. Davis has spearheaded the investment of over $10 mi...
 
 
Bahamasair’s storm-damaged plane a write-off
The Bahamasair ATR plane wrecked in a freak storm that spawned a tornado has been declared a write-off by ATR engineers, the chairman of the airline told Guardian Business yesterday. The company expects receipt of a new ATR by the end of June. V...
 
 
Bahamasair Easter schedule to be unaffected by grounded aircraft
Chairman of Bahamasair Valentine Grimes said yesterday the airline is expected to cover the Easter holiday traffic adequately in light of an out-of-service aircraft that received tornado damage last month. Grimes told Guardian Business that with the...
 
 
BNFC CEO: All artists re-signed for Carnival
All of the artists contracts for Bahamas Junkanoo Carnival have been re-signed, with minimal financial implications after being cancelled last week, CEO and Managing Commissioner of the Bahamas National Festival Commission (BNFC) Roscoe Dames, told G...
 
 
New post office could have cost govt less if placed at Town Centre Mall, says Symonette
Part-owner of the Town Centre Mall, Brent Symonette, suggested yesterday that the mall would have been a more cost-effective option for the new post office. The government instead entered into a public-private partnership (PPP) to construct the new G...
 
 
EY donates to local children’s homes
EY’s Nassau office recently held an internal fundraiser and donated the funds to three local children’s homes: the Children’s Emergency Hostel, Elizabeth Estates Children’s Home and Bilney Lane Children’s Home. Each home serves children wit...
 
 
Aliv sponsors Project Social
Aliv, The Bahamas’ newest telecommunications company, is committed to the empowerment of young people throughout the country and assisted Project Social, a program geared at driving youth entrepreneurship and reducing youth unemployment. Founder T...
 
 
Johnson: Carnival date change was no ‘fiasco’
The Bahamas Junkanoo Carnival date change was not a “fiasco”, Minister of Youth, Sports and Culture Dr. Daniel Johnson told The Nassau Guardian yesterday, adding that The Bahamas and the Bahamas Junkanoo Carnival brand are strong enough to weathe...
 
 
Grand Lucayan sale could mean Grand Bahama ‘Renaissance’, says Wilchcombe
Tourism Minister Obie Wilchcombe said yesterday that the anticipated sale of the Grand Lucayan properties to a new prospective buyer could in fact be the “long-awaited Renaissance” for Grand Bahama’s tourism sector. Wilchcombe arrived back in ...
 
 
Doctor: Adequate service may not be reality with the number of physicians signing on to NHI
President of the Medical Association of The Bahamas (MAB) Dr. Sy Coolidge Pierre said yesterday that based on the number of physicians expected to sign on with primary care, NHI patients may not be able to receive the adequate care and services they ...
 
 
Study: Chinese set to own 42% of large hotel rooms on Nassau/P.I.
When Baha Mar and The Pointe are fully opened, Chinese investors will own about 42 percent of the rooms in large hotels on Nassau and Paradise Island and 29 percent of the total rooms of both islands, according to statistics gleaned from the Ministry...
 
 
Pelican Bay operations manager in Cacique Award finals
FREEPORT, Grand Bahama – For nearly two decades, the Cacique Awards has publicly recognized the role played by those individuals and organizations whose performance or products have consistently made a positive impact on the quality and growth of t...
 
 
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