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Business

 
One Eleuthera Foundation founder wins Cacique’s Sustainable Tourism Award
On April 8, 2017 the 17th Annual Cacique Awards recognized Shaun Ingraham of the One Eleuthera Foundation as the winner of its Sustainable Tourism Award. The Cacique Awards is a highly prestigious award and is presented to industry leaders who are t...
 
 
BAAP celebrates Administrative Professionals’ Week
The Bahamas Association of Administrative Professionals salutes the valuable contributions of administrative professionals in the workplace during Administrative Professionals’ Week, which began on Sunday, April 23 and climaxes on Friday, April 28 ...
 
 
BTC supports annual Coconut Fest in Pelican Point
FREEPORT, Grand Bahama — The annual Coconut Festival in Pelican Point, Grand Bahama has been the staple Easter holiday attraction on the island for years, drawing locals and tourists alike to the eastern end of the Island for the exciting homecomin...
 
 
AG concerned FNM govt would follow through with Baha Mar threat
Attorney General Allyson Maynard-Gibson revealed to Guardian Business last Friday that there may still be a real chance for Baha Mar to not be sold to Chow Tai Fook Enterprises (CTFE) once the $4.2 billion mega resort property is fully complete. Lea...
 
 
Still no official word on release of sealed Supreme Court Baha Mar documents
With only a few days left before the end of April, there is still no official word on the release of the sealed Supreme Court Baha Mar documents, which were expected to be available to the public sometime this month. Attorney General Allyson Maynard...
 
 
Fitzgerald: PM did not know about contracts solicitation
Minister of Education Jerome Fitzgerald alleged that Prime Minister Perry Christie did not know about his recently admitted solicitation of contracts from China Construction America (CCA) for the Baha Mar resort. Fitzgerald, who spoke to Guardian Bu...
 
 
Report touts economic benefits of second home market
Increased spending by new tourists to The Bahamas, particularly from Airbnb rentals, could generate an estimated $9.8 million toward gross domestic product (GDP) and create 225 jobs, according to a report by global advisory firm Oxford Economics rele...
 
 
Uncertainty on OECD’s Common Reporting Standard a challenge facing banking sector
The Central Bank of The Bahamas pointed out that a prominent external challenge facing the banking industry is the “uncertainty” underscoring the impact of the Organisation for Economic Co-operation and Development’s (OECD’s) Common Reporting...
 
 
CBL supports Appleton Estate’s celebration of 20 years with Joy
Appleton Estate, the world’s leading Jamaican premium aged rum, recently announced the release of the Appleton Estate Joy Anniversary Blend — a rare, 25-year-old limited edition rum — to mark the anniversary of the first female master blender, ...
 
 
Baha Mar checks in its first guests ahead of today’s soft opening
Baha Mar’s Grand Hyatt hotel has already checked in its first group of guests in anticipation of today’s opening ceremony, the resort’s Senior Vice President of Administration and External Affairs Robert Sands told Guardian Business yesterday. ...
 
 
Report: Bahamas Waste suffered increased expenses due to dump problems
Bahamas Waste Limited suffered “major delays and damage” on a consistent basis as a result of failures at the New Providence Landfill last year. In its 2016 financial report released yesterday, Managing Director Francisco de Cardenas pinned an i...
 
 
FDI an important boost to property values, says realtor
President of C.A. Christie Charles Christie explained to Guardian Business that property values have been on the rise as a result of a continued stream of foreign direct investment (FDI) in The Bahamas. Christie said The Bahamas has always enjoyed t...
 
 
URCA reminds broadcasters of broadcasting conduct during election period
The Utilities Regulation and Competition Authority (URCA) refers to the dissolution of Parliament on April 11, 2017 and the subsequent announcement that the general election will be held on May 10, 2017. URCA reminds persons licensed under the Commun...
 
 
Bahamas Medical and Alcon partner to provide improved vision care products
Alcon, a global leader in eye care and a division of Novartis, one of the world’s largest pharmaceutical companies, recently appointed the leading local supplier of medical and surgical products in The Bahamas as its local partner to provide improv...
 
 
New shopping concept for BTC’s small business customers
“BTC Sip & Shop” is the new shopping craze that was officially launched recently with the Bahamas Telecommunications Company (BTC) and Velvet Hanger. “BTC Sip & Shop” is a brand new concept introduced by the company’s small busines...
 
 
Halkitis: No credit bureau under current administration
The long-awaited legislation to establish The Bahamas’ first credit bureau will not be tabled until after the general election, possibly by a new administration. Speaking with Guardian Business yesterday, Minister of State for Finance Michael Halk...
 
 
Baha Mar boosting interest in Cable Beach real estate, says C.A. Christie
The anticipated soft opening of Baha Mar tomorrow appears to have boosted rentals in the vicinity of the $4.2 billion mega-resort and its opening is expected to have a significant impact on the Bahamian real estate market going forward, said Presiden...
 
 
FOCOL reports net income increase; mulls entering power generation sector
FOCOL Holdings Limited reported having a “transformational” 2016 at its annual general meeting (AGM) last month, with the company’s net income increasing 51.7 percent from $20.5 million in 2015 to $31.1 million in 2016. With larger profits bei...
 
 
CCA source: Fitzgerald emails did not come from our servers
Sources close to China Construction America (CCA) insisted yesterday that supposed “leaked” emails suggesting Minister of Education Jerome Fitzgerald attempted to gain contracts from Baha Mar for his family’s business, did not come from their s...
 
 
BTC sponsors carnival and bands with $1.8 million
Bahamas Telecommunications Company (BTC), with only two weeks before Bahamas Junkanoo Carnival, yesterday formally sponsored the carnival to the tune of $1 million in cash and kind, and took an extra bold step by sponsoring five bands over three year...
 
 
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