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GSR-17 Symposium to tackle policy development for digital platform growth
The Global Symposium for Regulators (GSR-17), organized by the International Telecommunication Union (ITU) is discovering, among other things, how The Bahamas and the rest of the Caribbean can we best provide a policy framework to encourage developme...
 
 
Rolle: Investments will not be immediately impacted by a downgrade
In the event of another downgrade to The Bahamas’ credit rating, Central Bank Governor John Rolle explained that investment opportunities in the pipeline or coming on-board would not be immediately impacted. Rolle’s comments came on the heels of...
 
 
Prime minister to tour Baha Mar next week
Prime Minister Dr. Hubert Minnis is expected to lead a walk through of Baha Mar next week, only weeks after Minister of Tourism and Aviation Dionisio D’Aguilar toured the mega-resort, which is still under development. Minnis has been hesitant to a...
 
 
BTC technicians raise contract worker concerns in letter
Bahamas Telecommunications Company (BTC) technicians are claiming that they have waited two years to resolve outstanding issues which arose after they were rehired as contract workers and subsequently received no paid vacation days. In a letter re...
 
 
U.S. implementing enhanced security measures at LPIA
Nassau Airport Development (NAD) Company has announced that the United States Department of Homeland Security has “determined it is necessary to implement enhanced security measures for all commercial flights to the United States”, starting next ...
 
 
Short-term option for govt is to increase taxation, says Holding
Amid the concern about a potential downgrade by international credit ratings agency Moody’s, President of the Grand Bahama Chamber of Commerce Mick Holding said a short-term solution for the government is to increase taxes in order to generate more...
 
 
BICA to host ICAC annual conference 2018
The Bahamas Institute of Chartered Accountants (BICA) represented The Bahamas at the Institute of Chartered Accountants of the Caribbean (ICAC) 35th annual conference, held in Georgetown, Guyana June 22–24. BICA’s contingent included Gowon Bowe,...
 
 
Milo Butler partners with Miss Bahamas Organization to launch Soldanza chip brand
Milo Butler Distributors is teaming up with the Miss Bahamas Organization (MBO) as the company officially launches Soldanza chips in The Bahamas. The brand of gluten-free plantain, banana and cassava chips will be featured at events leading up to the...
 
 
DPM: Downgrade would make it ‘more difficult’ to carry out campaign promises
Another downgrade to The Bahamas' credit rating could make it "more difficult" for the new government to carry out its campaign promises, including its slate of proposed tax relief, according to Minister of Finance Peter Turnquest. His comments came...
 
 
Symonette: It will take time for economy to recover
With credit rating agency Moody's on the cusp of delivering another crushing economic blow to The Bahamas by considering a possible sovereign credit rating downgrade, Minister of Financial Services, Trade and Industry and Immigration Brent Symonette ...
 
 
Moody’s cites offshore sector ‘uncertainty’ as factor in potential downgrade
One of the rationales cited by international credit rating agency Moody’s for a potential downgrade of The Bahamas' sovereign credit rating is "uncertainty" with regard to the country's offshore financial services sector, Deputy Prime Minister and ...
 
 
Banking sector employment down 7.6 percent over past two years
Data released this weekend from The Central Bank of The Bahamas revealed that employment in the banking sector over the past two years fell by 7.6 percent. In a report titled “Gross economic contribution of the financial sector in The Bahamas (201...
 
 
Closure of Galleria Freeport ‘not intended to be long term’, says Moss
The closure of Galleria Cinemas at Mall Drive in Freeport, which resulted in the loss of 15 jobs, "is not intended to be long term", according to attorney Greg Moss. Moss spoke with Guardian Business following a sign posted on the establishment's do...
 
 
BTC to introduce faster speeds through Fiber to Home Services
FREEPORT, Grand Bahama – Always on the cutting edge of new technology, the Bahamas Telecommunications Company (BTC) is set to improve the quality of the customer experience by introducing its new Fiber to the Home service. This improved service wou...
 
 
Govt waiting to see if Baha Mar meets SLS opening deadline
Minister of Tourism and Aviation Dionisio D’Aguilar told Guardian Business yesterday that he is waiting to see if Baha Mar and China Construction America (CCA) will meet its October deadline for opening the SLS hotel. Meantime the Office of the Pri...
 
 
Fyre Festival sound and lighting equipment finally returned to Miami
The company that had equipment meant for the ill-fated Fyre Festival held by Bahamas Customs for non-payment of duties has had all of its equipment returned, Guardian Business learned yesterday. Unreal Systems confirmed to this paper yesterday that ...
 
 
Lewis: GB’s best bet is to encourage investors, improve ease of doing business
Member of Parliament for Central Grand Bahama Iram Lewis said Grand Bahama’s economy is “extremely depressing”, adding that it has never been “this bad” in his lifetime. Speaking with Guardian Business recently, Lewis suggested that the is...
 
 
Aliv continues expansion to more Family Islands
Aliv, The Bahamas’ newest mobile network, is pleased to announce that it will be launching in three more Family Islands before the end of the summer. By the end of August, Aliv will be live in Andros, Bimini and Exuma. Chief Aliv Officer Damian Bl...
 
 
Galleria Grand Bahama closes
Galleria Cinemas at Mall Drive in Freeport has been “closed until further notice” according to a sign posted on the establishments door, Guardian Business has learned. This paper could not independently verify why the cinema was closed or if the...
 
 
Govt promises contractors fairness in bidding process
Government will adhere to strict tendering guidelines when issuing requests for proposals and awarding contracts, Minister of Public Works Desmond Bannister told members of the Bahamian Contractors Association (BCA) yesterday. Speaking at the BCA’...
 
 
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