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Business

 
Campbell: Order will be brought to NP bus system
Minister of Transport and Local Government Frankie Campbell told Guardian Business that the government intends to bring order to the bus system in New Providence, adding that the current state of public transportation is “chaotic”. Some form of ...
 
 
Bahamas First sees minimal uptick in property insurance purchases after devastating storms
President and CEO of Bahamas First Patrick Ward expressed concern that there was only a slight rise in the amount of homeowner and commercial property insurance purchased to date after the devastating impact of Hurricane Matthew. Ward told Guardian ...
 
 
Sandals for sale?
A Reuters article is reporting that Sandals Resorts International is allegedly looking at a potential sale of the company. According to the article written by Carl O’Donnell on May 10, "Sandals has hired investment bank Deutsche Bank AG to explore...
 
 
Aliv reaches out to its customers following network outage
Chief Aliv Officer Damian Blackburn said a critical part of Aliv’s operation is to quell customer concerns over outages as quickly as possible and to restore any outages just as fast, after the new mobile provider suffered several glitches late las...
 
 
Deloitte: Businesses need to re-evaluate and foster risk
Deloitte Global released a report yesterday advising that companies take another look at risk and discover how it can be used to create value in companies. The globally-recognized accounting firm, which has offices on New Providence, surveyed board ...
 
 
National culinary team weeks away from ‘Taste of the Caribbean’
The national culinary team is mere weeks away from the 2017 Taste of the Caribbean Competition, which will be held in Miami, Florida, from June 2nd to 6th. The prestigious, regional culinary competition will pit the culinary prowess of the Bahamian ...
 
 
BHTA, Walden University honor ‘tourism champion’ from Harbourside Resort
The Bahamas Hotel and Tourism Association (BHTA) has partnered with Walden University, global leader in student-centered online education, to recognize individuals who deploy the highest level of service and performance in their varying capacities of...
 
 
BAMSI erects greenhouse in Deadman’s Cay, Long Island
The Bahamas Agriculture and Marine Science Institute (BAMSI) continues its program to establish greenhouses throughout the southeastern Bahamas, with the latest structure erected in Deadman’s Cay, Long Island, on Friday. The greenhouse concept int...
 
 
Super Value makes case for cancellation of almost $400K in fines
Super Value is hoping to recoup thousands of dollars in fines, approximately $400,000, that was levied against it by the Department of Inland Revenue, according to a letter obtained by The Nassau Guardian, written by the supermarket's vice president ...
 
 
BREA president outlines pros of consulting licensed real estate agent
Newly-elected Bahamas Real Estate Association (BREA) President Christine Wallace-Whitfield urged consumers interested in renting or buying property to consult a licensed real estate agent in order to avoid paying more for a property that is valued at...
 
 
BIA unchanged on NHI; looks forward to dialogue with new govt
The Bahamas Insurance Association (BIA) is looking forward to working with the Minnis administration on National Health Insurance (NHI) going forward, and its position for a prudent rollout remains unchanged. Chairman of the BIA Emmanuel Komolafe to...
 
 
Production company could face $10 mil. hit following Fyre Festival
The saga surrounding the ill-fated Fyre Festival is continuing to haunt the event's organizers, with an article published last week outlining that a Miami-based production company’s equipment, valued at $10 million, could be auctioned off by The Ba...
 
 
BPL insists it will meet summer power demands
Bahamas Power and Light (BPL) is insisting that it will be able to meet the power needs of New Providence this summer as the island’s power needs peak. The company, in a press release, said its capital projects and maintenance activities have shor...
 
 
Pharmaceutical companies still hesitant on NHI
While optimistic about working with the Minnis administration on National Health Insurance (NHI), Bahamas Pharmaceutical Association (BPA) President Michelle Finlayson revealed that 53 pharmacies have yet to sign on board with the proposed NHI reimbu...
 
 
Bahamas touted as ‘well-regulated’ international financial center
The Bahamas has been recognized as a “well-regulated” international financial center by Hedgeweek.com, which spoke to CEO and Executive Director of the Bahamas Financial Services Board Tanya McCartney about the lengths The Bahamas has gone in ord...
 
 
Study: Bahamas the most ‘extreme’ case of low-lying coastal countries in Caribbean
A study by the Inter-American Development Bank (IDB) revealed yesterday that more than 80 percent of the population in The Bahamas live in low-elevation coastal zones (LECZs), marking one of the “most extreme” cases among Caribbean small island d...
 
 
Baha Mar president: Reservations for summer exceeding expectations
President of Baha Mar Graeme Davis told Guardian Business yesterday that reservations have exceeded management’s expectations for travel this summer. "Phase one opening of Baha Mar launched with tremendous excitement. Live reservations have exceed...
 
 
IDB: Employment does not preclude criminality
The idea that employment alone helps to reduce crime is being debunked, especially when persons are faced with conditions such as poor wages and little to no drive in building a future in a particular career. Inter-American Development Bank (ID...
 
 
GBPA to incentivize innovative startups with license fee waiver program
Grand Bahama hopes to diversify its small and medium-size enterprise sector through a business diversity waiver, which affords innovative entrepreneurs in Grand Bahama a one year waiver on the Grand Bahama Port Authority (GBPA) license fee. The anno...
 
 
Hurricane Matthew partly to blame for J.S. Johnson’s 50% net income drop
J.S. Johnson Insurance Agents and Brokers’ financial results for the first quarter of 2017, which were released yesterday, revealed that net income fell by 50 percent and the impact of Hurricane Matthew partly led to the company’s performance bei...
 
 
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