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Business

 
REV breaks all Internet speed records for The Bahamas
The world leader in Internet performance testing and metrics has named REV The Bahamas' fastest fixed broadband provider for the year 2016. Ookla, the globally trusted broadband analyst and owner/operator of the widely-used Speedtest web service, ra...
 
 
Eagles Nest wins all three pennants in BSC Basketball League
The Baptist Sports Council (BSC) completed its 2017 basketball league regular season on Saturday at the Baillou Hills Sporting Complex, with Eagles Nest soaring high as they won all three pennants.   Saturday’s results Eagles Nest 37, Maced...
 
 
Ingraham criticizes Christie administration’s spending
While taking a hit at the Christie administration’s implementation of value-added tax (VAT), former Prime Minister Hubert Ingraham criticized the government’s lack of fiscal responsibility in the wake of its collection of billions of dollars in V...
 
 
Aliv aiming to be on all islands by year-end 2017
Aliv intends to be in every Bahamian island by the end of the year and is working feverishly to install new tower sites and outfit Bahamas Telecommunications Company (BTC) tower sites in order to meet that deadline, Chief Aliv Officer Damian Blackbur...
 
 
Study: Bahamas tourism growth negligible in the last 20 years
Tourism arrivals to The Bahamas have remained “mostly flat” since the mid-1990s and the country has not achieved significant growth in its tourism sector over the last two decades when compared to other major tourist destinations throughout the C...
 
 
Consultant: New government must implement SME Act in first 100 days
The Small and Medium-Sized Enterprises (SME) Act and SME development centers must be the first focus of the incoming government, according to business consultant Mark Turnquest. Turnquest, in a release sent to the media yesterday, insisted that the ...
 
 
BTC introduces new plan for start-up businesses
Bahamas Telecommunications Company (BTC) made several big announcements at its Fantastic Fridays Business Mixer last week. These included a brand new mobile plan just for start-up businesses and mobile device management. “Since small businesses ar...
 
 
Aliv sponsors Lupus 242
Aliv, The Bahamas’ newest mobile network company, is extremely delighted to announce its partnership with Lupus 242. Lupus affects the body’s immune system, which is the system that fights off viruses, bacteria and germs. There are more than fiv...
 
 
CIBC FirstCaribbean’s mobile banking app named best in region
Less than a year after its launch, CIBC FirstCaribbean’s mobile banking app has been named best in the region. The regional bank’s credit card products were also named best in the region by International Finance Magazine (IFM) in its Internation...
 
 
Aliv chief: Hundreds have already begun porting numbers to Aliv
Chief Aliv Officer Damian Blackburn told Guardian Business yesterday that the company is still hesitant to fully promote mobile number portability (MNP), because the system is still suffering from some glitches. He said, though, that the company has ...
 
 
Concern over environmental impact assessment in GB cruise port deal
On the heels of the heads of agreement (HOA) signing between the government and Carnival Cruise Line on Tuesday for the creation of a new cruise port destination on Grand Bahama, Free National Movement (FNM) Deputy Leader Peter Turnquest pointed out ...
 
 
Aliv enters into three-year partnership with BTVI
Aliv entered into a three-year, $30,000 partnership with the Bahamas Technical and Vocational Institute (BTVI) yesterday that will assist with the school’s commencement exercises into 2019. The newest player in the telecommunications market in The...
 
 
Hart: Grand Lucayan property ‘under contract’ by Wynn Group
Vice President of the Wynn Group Randy Hart said work is being done “aggressively” to finalize the arrangements for the sale and reopening of the Grand Lucayan complex in Freeport, Grand Bahama. Hart told Guardian Business yesterday that Toronto...
 
 
Liquor stores contravene elections act during advance poll by remaining open
Some liquor stores remained open yesterday, Guardian Business has learned, in contravention of the Parliamentary Elections Act. It was brought to the attention of this paper that some liquor stores remained open during the hours that the advanced po...
 
 
Stewart receives Lifetime Achievement Award at Caribbean Hotel & Resort Investment Summit
Gordon ‘Butch’ Stewart, legendary founder and chairman of Sandals Resorts International, accepted the inaugural Lifetime Achievement Award last week Friday, April 28 at the annual Caribbean Hotel & Resort Investment Summit (CHRIS), which conc...
 
 
Bahamas Central Securities Depository goes global
The Bahamas Central Securities Depository (BCSD) has stepped onto the global stage with its recent induction into the Americas’ Central Securities Depositories Association (ACSDA). ACSDA membership gives BCSD, the primary share registrar and trans...
 
 
Central Bank: Deficit up 41.4 percent
The country’s deficit increased by 41.4 percent in the first seven months of the current fiscal year in comparison to the previous year, despite government’s collection of $933.9 million in tax receipts, according to The Central Bank of The Baham...
 
 
Mortgage relief program enrollment rising slowly
The Christie administration’s revamped mortgage relief program has enrolled 479 homeowners as of March 2017. In its monthly economic report for March 2017, The Central Bank of The Bahamas (CBOB) said approximately 1,478 (88.4 percent) eligible hom...
 
 
Air arrival numbers contract in first quarter of 2017
U.S returning passengers to The Bahamas declined by seven percent in the first quarter of 2017, according to data cited in The Central Bank of The Bahamas’ Monthly Economic and Financial Developments (MEFD) report for March 2017. The regulator sai...
 
 
Colina Holdings outlines impact of prime rate reduction
Colina Holdings Bahamas Limited (CHBL) said the decrease in the Bahamian prime rate would significantly affect future investment earnings on floating rate instruments. A floating rate instrument refers to a loan, mortgage or bond that does not have ...
 
 
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