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Business

 
Bahamas Development Bank earmarks $500,000 for loans to small farmers
The government has earmarked $500,000 in assistance to small farmers across this nation’s archipelago. The funding, which will be disbursed through a micro-loan initiative between the Bahamas Development Bank (BDB) and the Bahamas Agriculture and M...
 
 
University of The Bahamas students gain work experience at Resorts World Bimini
BIMINI – A pilot partnership project between the University of The Bahamas (UB) and Resorts World Bimini (RWB), which resulted in six students gaining work experience at the four-star resort during the holidays, has been deemed a success, so much s...
 
 
McCartney: Baha Mar VAT concession an appalling giveaway
The Bahamian people will have to shoulder the economic giveaway that is the value-added tax concession granted by the government to China Construction America (CCA) in a closed-door deal, Democratic National Alliance (DNA) Leader Branville McCartney ...
 
 
Sands: Need for BCA meeting to address Baha Mar tax exemption concerns
The president of the Bahamian Contractors Association (BCA) has asserted the need for a stakeholder meeting with all BCA members in order to clear up any hiccups or concerns that news of the VAT concession given by government to China Construction Am...
 
 
BNT expresses concerns about potential sand mining for Florida beaches
Executive Director of the Bahamas National Trust (BNT) Eric Carey said he does not think the government would encourage or allow anybody to take sand off local beaches in The Bahamas, in light of recent news that The Bahamas is being considered a pot...
 
 
Infrequent mailboat visits impacting Cat Island
Cat Island hoteliers are suffering due to the mailboat’s infrequent visits to Cat Island with its essential supplies. Tony Armbrister, owner of Fernandez Bay Village, told Guardian Business that he often runs short on supplies to fulfill items on ...
 
 
BAMSI lettuce makes a splash at Atlantis expo
Key members of the Bahamas Agriculture and Marine Science Institute’s (BAMSI) marketing and distribution team attended the Atlantis Hurricane Recovery Expo, held in December 2016. The expo, an initiative of Atlantis’ ‘We Care’ program, was he...
 
 
Grand Bahama Chamber of Commerce appoints new board of directors
FREEPORT, Grand Bahama – The Grand Bahama Chamber of Commerce held the first meeting of its new board of directors on Wednesday, where the new slate of business leaders reviewed the chamber’s work of the past year and began to lay out its plans f...
 
 
NHI’s third phase on track for early part of 2017
Phase three of National Health Insurance (NHI), primary care benefits, is on track to be implemented in the early part of this year, said NHI Project Manager Dr. Delon Brennen. Brennen said phase four, select catastrophic coverage, and phase three a...
 
 
Regulations for fly fishing sector
It has been 23 years in the making, but The Bahamas has finally regulated its fly fishing industry, purported to be worth $500 million, according to Minister of Agriculture and Marine Resources V. Alfred Gray. Industry professionals say the industry ...
 
 
GB to experience automated vehicle licensing system in Feb.
Starting the first week of February, customers on Grand Bahama will experience the automated system for vehicle licensing at the Road Traffic Department (RTD). The system, which is part of the $8.3 million modernization project for the department, is...
 
 
Leaf EV checks in at Hilton
During the recent Chamber of Commerce Bahamas Energy Security Forum, the Nissan Leaf 100 percent electric vehicle (EV) was featured in the lobby of the British Colonial Hilton to the delight of visitors and locals alike, who had the opportunity to ex...
 
 
PM: Short-term growth from tourism projects in 2017
Despite Standard and Poor's (S&P) decision to lower the nation’s sovereign credit rating to “junk” status, Prime Minister Perry Christie expects the Bahamian economy to begin to show short-term growth from tourism-based development projects...
 
 
Prime lending rate reduced to 4.25 percent
The Clearing Banks Association (CBA) announced that the prime rate – the interest rate at which banks lend to customer – would be lowered from 4.75 percent to 4.25 percent effective yesterday. With a reduction in the prime rate, consumers who ar...
 
 
Carey: Trump presidency could mean more luxury property sales
The Donald Trump presidency could boost the sale of luxury properties in The Bahamas, as the incoming president’s plan to cut taxes will increase disposable income for Americans, prominent realtor Mario Carey told Guardian Business recently. Carey...
 
 
Communications service providers, URCA butt heads over QoS regulations
Mobile, fixed-line and Internet service providers are at odds with the Utilities Regulation and Competition Authority (URCA) over its proposed recommendations for quality of service (QoS) regulations and network performance metrics for electronic com...
 
 
Carey: Booming vacation home rentals market a golden opportunity for Bahamians
Government should encourage the development of vacation home rentals advertised on globally renowned websites such as Air BNB as an entrepreneurial endeavor, a prominent realtor told Guardian Business recently. However, the sector needs to be properl...
 
 
Bahamian sand considered for eroding Florida beaches
The U.S. is looking at Bahamian sand as a resource to shore-up Florida's eroding coastline, an Associated Press (AP) story revealed. The story explained that the Water Resources Development Act recently authorized the Army Corps of Engineers “to s...
 
 
IDB touts impact NDP could have on long-term growth
The National Development Plan (NDP) could place the Bahamian economy on a sustainable path for long-term growth once several challenges that the plan outlines are addressed, according to the Inter-American Development Bank’s (IDB) Caribbean Quarter...
 
 
PAHO/WHO: 2016 the year Zika became ‘long-term public health challenge’
According to the Pan American Health Organization/World Health Organization (PAHO/WHO) in a statement published last week, by the end of 2016 there were 175,063 confirmed cases and 532,000 suspected cases of the Zika virus across 48 countries and ter...
 
 
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