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Business

 
Turnquest: FNM govt will have to borrow in the short term
Deputy Leader of the Free National Movement (FNM) Peter Turnquest said yesterday that the incoming government would have to do some short-term borrowing based on its assessment of the country’s current financial state, in an effort to stabilize and...
 
 
New govt to review former govt’s secret energy bid process
Incoming Deputy Prime Minister Peter Turnquest said his new government will look into secret negotiations between New Fortress Energy and the recently ousted Progressive Liberal Party (PLP) government for a liquid natural gas power facility, to be ...
 
 
Study: Cuba could become preferred tourist destination
Cuba may be a preferable tourist destination over The Bahamas for U.S. travelers, according to a recent study by management consulting firm Boston Consulting Group (BCG). The report states that Cuba might draw U.S. travelers away from other Caribbea...
 
 
World is watching Baha Mar closely in wake of FNM win
The world continues to watch the ongoing saga that is the opening and continued build-out of Baha Mar, with the Global Construction Review (GCR) yesterday publishing an article suggesting that the $4.2 billion mega resort has entered into an “unpre...
 
 
Central Bank: Low fuel costs affected electricity, consumer prices
Bahamas Power and Light’s (BPL) average fuel charge decreased by 51.7 percent for the first nine months of 2016 to 9.80 cents per kilowatt hour (kWh), according to The Central Bank of The Bahamas’ 2016 Annual Report, released this week. The redu...
 
 
Bahamas First Anchors capture top awards at 2017 Junior Achievement Awards
The Bahamas First Anchors, the Junior Achievement (J.A.) company sponsored by Bahamas First General Insurance Company, captured top awards at the recent 2017 J.A. Awards night, including the coveted 2017 Overall Company of the Year award. The Bahama...
 
 
BAMSI erects greenhouse in Hatchet Bay, Eleuthera
The Bahamas Agriculture and Marine Science Institute (BAMSI), through its program to establish greenhouses throughout the Southeastern Bahamas, has erected a greenhouse in Hatchet Bay, Eleuthera at the site of the packing house. The greenhouse on El...
 
 
Central Bank to complete non-banking electronic payment framework by year-end 2017
This year The Central Bank of The Bahamas (CBOB) is looking to wrap up its initiative to implement a regulatory framework for non-banking electronic payments providers, given the rise in mobile technology used in today’s banking industry. In its 2...
 
 
Local printing companies miss out on huge political T-shirt orders
Owner of Suntee Embroidme Scott Farrington said he thinks it should be mandated that the government and political parties purchase their products during an election season only from Bahamian companies. In a statement sent to Guardian Business, Farri...
 
 
Chamber CEO: Vacation rental sector in need of regulation
CEO of the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Edison Sumner asserted the need for regulation and accountability in the country’s vacation rental business. Sumner told Guardian Business recently that any sector opera...
 
 
BTC, Garvin Tynes Primary partner for autism awareness
Garvin Tynes Primary School held a special assembly recently to observe Autism Awareness Month. The assembly, under the theme “All Things Bright and Beautiful”, was attended by parents, students from the autism center at the school and the other ...
 
 
BTC loses 6,000 mobile subscribers
Cable & Wireless Communications (C&W), part owner of Bahamas Telecommunications Company (BTC), said 6,000 mobile subscribers, both prepaid and postpaid, were lost in the first quarter of 2017 as a result of competition from BeAliv Ltd. CWC a...
 
 
Ingraham: We have to save Bank of The Bahamas
Former Prime Minister Hubert Ingraham said yesterday that the next government of The Bahamas will have to deal with the Bank of The Bahamas (BOB) debacle almost immediately after it takes office. BOB is now embroiled in a court battle to avoid the i...
 
 
T-shirt companies lament decline in local orders during election season
Owner of Dorsett Tees, Harold Dorsett, lamented yesterday the lack of business provided to local T-shirt printing companies by major political parties during the election season. Another local printing company said most of their T-shirt orders came f...
 
 
Central Bank: Fiscal deficit at $310.4 mil. for 2015/2016 fiscal year
The fiscal deficit more than doubled before the passage of Hurricane Matthew and landed at $310.4 million at the end of the 2015/2016 fiscal year. The Christie administration has continually asserted that Hurricanes Matthew and Joaquin led to unexpe...
 
 
IPSI announces successful interconnectivity to BTC’s system
IP Solutions International’s (IPSI) newly appointed chief technology officer (CTO), Michael Broome, gave Guardian Business a sneak peek at the back end of IPSI’s systems after Bahamas Telecommunications Company (BTC) successfully connected the co...
 
 
BTC to be official sponsor for Haitian Flag Day 2017
Bahamas Telecommunications Company (BTC) is gearing up to celebrate Haitian Flag Day this weekend. The company has been an avid supporter of the Haitian community for over ten years. BTC will again title sponsor this year’s events in New Providence...
 
 
Eleuthera Healthcare Centre agreement mobilized
PALMETTO POINT, Eleuthera – Prime Minister and Minister of Finance Perry Christie said on May 8, 2017 that he is pleased to announce the Public Hospitals Authority (PHA), under his auspices as prime minister, would execute a formal agreement for pr...
 
 
BPL urged to focus on utility-scale renewables
The Utilities Regulation and Competition Authority (URCA) is recommending that Bahamas Power and Light (BPL) focus its efforts on implementing utility-scale renewable energy in order to meet the country’s “overall national renewable energy target...
 
 
Atlantis launches new marketing campaign highlighting Bahamian art and culture
Atlantis officially launched its “Come to Life” campaign yesterday, aimed at using the resort’s international reach to take The Bahamas’ art and culture to the world. According to a statement from Atlantis, the world-renowned resort is “tu...
 
 
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