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Business

 
Chamber offers hurricane preparedness workshop for businesses
With two tropical systems building just south of The Bahamas, Bahamas Telecommunications Company (BTC) and the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) are holding a workshop this Friday for businesses that want to ensure ...
 
 
Three tips for reducing your power bill
Let’s be upfront. Everybody wants to have lower power bills. But how to make that happen without a lot of upfront cash or a radical change in lifestyle is a mystery for most homeowners. There are salesmen peddling gadgets that reduce the consumptio...
 
 
BPL goes green with electic vehicles for its fleet
Bahamas Power and Light (BPL) has become the most recent organization in the country to acquire electric vehicles (EVs) for its company fleet. The company purchased Nissan LEAFS from the local EV distributor, Easy Car Sales. According to Angel Abreu...
 
 
Bahamian start-up sparks digital marketing revolution
As many Bahamian companies struggle to market their companies through digital channels, a new start-up aims to transform the sector by providing digital media platforms with the greatest potential to move a business forward. "We're on the cusp of so...
 
 
Komolafe queries govt on tax relief for insurance sector
Amid the announcement of reductions in the business license tax rate during the recent budget communication, questions have been raised on tax relief for the insurance sector. Chairman of the Bahamas Insurance Association (BIA) Emmanuel Komolafe, in...
 
 
IDB report outlines potential for public–private partnership growth
A recent Inter-American Development Bank (IDB) report points out that there is significant potential for public–private partnership (PPPs) growth in the Caribbean, including The Bahamas, which has been successful with PPP operations in its water su...
 
 
Turnquest: Govt can back up mismanagement claims against PLP
Deputy Prime Minister and Minister of Finance Peter Turnquest told Guardian Business yesterday that his government can back up all the claims leveled against the former Progressive Liberal Party (PLP) in the House of Assembly with regard to its spend...
 
 
Bahamas can breathe a sigh of relief on Cuba, for now
Concerns abounded over the decision United States President Donald Trump would make with regard to Cuba, but The Bahamas can breathe a sigh of relief, as Trump attempts to reverse certain Cuba policies put in place by former U.S. President Barack Oba...
 
 
African-American billionaire featured presenter at Customer Experience Summit
African-American billionaire Michael V. Roberts Sr., chairman and CEO of The Roberts Companies, headquartered in St. Louis, Missouri, is scheduled to be the featured presenter at the Customer Experience Summit at the British Colonial Hilton in Nassau...
 
 
Grand Bahama to be marketed as three unique destinations
Prime Minister Dr. Hubert Minnis insisted yesterday that the revitalization of Grand Bahama is at the center of achieving the government’s national development objectives, and revealed that the island will be marketed as three unique destinations. ...
 
 
Minnis: Appropriate tax soon for vacation home rentals to level the playing field
Government has reaffirmed its commitment to properly regulate vacation home rentals – which includes homes listed on popular website Airbnb – with Prime Minister Dr. Hubert Minnis stating that these types of operations have been operating outside...
 
 
Report: Decline in Bahamas’ economic freedom ranking
A recent Heritage Institute report revealed that The Bahamas’ ranking for economic freedom slumped to 90 out of 180 economies, noting that the country has “little momentum for economic reform”. The Bahamas received a "moderate free" economic f...
 
 
Web shops down to 200-plus, says Bastian
Island Luck CEO Sebas Bastian said there are currently an estimated 200-plus web shops operating in The Bahamas, while noting a significant reduction in the number of web shops to date. Speaking with Guardian Business recently Bastian said, "There h...
 
 
Govt hopes to cut business start-up process to under seven days
Deputy Prime Minister and Minister of Finance Peter Turnquest said his government is hoping to cut the process of starting a business down to less than five to seven days by creating a “one-stop shop” that will carry out the processes required to...
 
 
BFSB hosts Landfall events in Montreal and Toronto
The Ministry of Financial Services along with other industry partners attended the Bahamas Financial Services Board’s (BFSB) Landfall event, held in Canada (Montreal and Toronto) from May 30 to 31, 2017. The Bahamas Landfall Series provides financ...
 
 
Sebas Bastian’s Investar to apply for remittance, electronic banking licenses
Director of Investar Securities Ltd. Sebas Bastian revealed yesterday that the company will be applying to The Central Bank of the Bahamas (CBOB) for remittance and electronic banking licenses in light of the regulator's proposal to regulate e-money ...
 
 
OWN Bahamas announces 2017 grant winners
OWN Bahamas announced its 2017 grant winners yesterday, revealing that an arts school and asphalt maintenance company have received the coveted $15,000 in funding for their fledgling companies. Both Little Prodigies Music and Arts School and Asphalt...
 
 
Island Luck CEO interested in presenting proposal to govt on Junkanoo Carnival
Island Luck CEO Sebas Bastian revealed yesterday that he would be interested in presenting a proposal to the new government to help "significantly" reduce its subsidy for Bahamas Junkanoo Carnival, which he said could be carried out with a budget of ...
 
 
J.S. Johnson impacted by Hurricane Matthew-related claims in excess of $112 mil.
Chairman of J.S. Johnson Brian Moree revealed yesterday that claims relating to Hurricane Matthew totaled in excess of $112 million, adding that the financial impact of the storm on the company was “significant”. In its 2016 financial report, Mo...
 
 
PM: Bahamians need to increase savings
The Bahamas has traditionally been inept at increasing its national savings, Prime Minister Hubert Minnis said yesterday as he addressed the Bahamas Chamber of Commerce and Employers’ Confederation’s National Conclave. Minnis said his government...
 
 
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