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Business

 
BNFC CEO: All artists re-signed for Carnival
All of the artists contracts for Bahamas Junkanoo Carnival have been re-signed, with minimal financial implications after being cancelled last week, CEO and Managing Commissioner of the Bahamas National Festival Commission (BNFC) Roscoe Dames, told G...
 
 
New post office could have cost govt less if placed at Town Centre Mall, says Symonette
Part-owner of the Town Centre Mall, Brent Symonette, suggested yesterday that the mall would have been a more cost-effective option for the new post office. The government instead entered into a public-private partnership (PPP) to construct the new G...
 
 
EY donates to local children’s homes
EY’s Nassau office recently held an internal fundraiser and donated the funds to three local children’s homes: the Children’s Emergency Hostel, Elizabeth Estates Children’s Home and Bilney Lane Children’s Home. Each home serves children wit...
 
 
Aliv sponsors Project Social
Aliv, The Bahamas’ newest telecommunications company, is committed to the empowerment of young people throughout the country and assisted Project Social, a program geared at driving youth entrepreneurship and reducing youth unemployment. Founder T...
 
 
Johnson: Carnival date change was no ‘fiasco’
The Bahamas Junkanoo Carnival date change was not a “fiasco”, Minister of Youth, Sports and Culture Dr. Daniel Johnson told The Nassau Guardian yesterday, adding that The Bahamas and the Bahamas Junkanoo Carnival brand are strong enough to weathe...
 
 
Grand Lucayan sale could mean Grand Bahama ‘Renaissance’, says Wilchcombe
Tourism Minister Obie Wilchcombe said yesterday that the anticipated sale of the Grand Lucayan properties to a new prospective buyer could in fact be the “long-awaited Renaissance” for Grand Bahama’s tourism sector. Wilchcombe arrived back in ...
 
 
Doctor: Adequate service may not be reality with the number of physicians signing on to NHI
President of the Medical Association of The Bahamas (MAB) Dr. Sy Coolidge Pierre said yesterday that based on the number of physicians expected to sign on with primary care, NHI patients may not be able to receive the adequate care and services they ...
 
 
Study: Chinese set to own 42% of large hotel rooms on Nassau/P.I.
When Baha Mar and The Pointe are fully opened, Chinese investors will own about 42 percent of the rooms in large hotels on Nassau and Paradise Island and 29 percent of the total rooms of both islands, according to statistics gleaned from the Ministry...
 
 
Pelican Bay operations manager in Cacique Award finals
FREEPORT, Grand Bahama – For nearly two decades, the Cacique Awards has publicly recognized the role played by those individuals and organizations whose performance or products have consistently made a positive impact on the quality and growth of t...
 
 
Fisheries industry experiencing higher yields as a result of RBDF operations
The country’s fisheries industry is experiencing higher yields as a result of the enhanced naval/military operations being conducted throughout The Bahamas by officers and marines of the Royal Bahamas Defence Force. National security officials say...
 
 
Property sales increase despite soft economy
Bahamas Realty Ltd. has announced that it realized a gross sales increase of nearly 60 percent in real estate sales, and an almost 80 percent increase in gross commissions in 2016 over the same period in 2015, despite a soft economy. “We are delig...
 
 
National Health Insurance Act effective as of April 5
The National Health Insurance Act is now effective as of April 5, providing for the establishment of an NHI Authority (NHIA), which would allow contracts to be executed with primary care providers. For the first round of primary care provider regist...
 
 
Higher productivity levels means less FDI leakage, stresses Rolle
Minister of State for Investments Khaalis Rolle said in order for there to be a meaningful rise in national incomes, there must be an increased level of productivity in The Bahamas. While speaking at a recent luncheon, Rolle pointed out that a subst...
 
 
U.S. writer suggests Bahamas dependent on China for its economic future
An article published yesterday by thedailybeast.com suggested continued foreign investment in The Bahamas by the Chinese government and Chinese investors has amounted to them being “in control of a country just 180 miles from the coast of the Unite...
 
 
Sands clarifies concerns about Baha Mar
Close to 800 rooms out of the 1,800-room Grand Hyatt at Baha Mar are expected to be available for the soft opening set for April 21, Baha Mar Senior Vice President of Administration and External Affairs Robert Sands confirmed yesterday. Speaking wit...
 
 
Security forces cite ‘no guarantees and no security’ on NHI offer
The Bahamas’ security forces are unhappy with what could be offered to them when National Health Insurance (NHI) becomes a reality, saying what has been presented to them is marred with “no guarantees and no security”. The security forces, whi...
 
 
BTC grants tower sharing to second mobile provider
Bahamas Telecommunications Company (BTC) made it official yesterday, signing an agreement enabling the country’s second mobile provider access to over one hundred mobile sites on its network. BTC’s Chief Executive Officer Leon Williams said, “...
 
 
North Cow Pen Land Limited land owners get relief from court ruling
A ruling recently handed down by the Supreme Court will allow for land held by North Cow Pen Land Limited to be made available to “heirs, assigns, and beneficiaries”, after they have made an application to have the said land formally transferred....
 
 
Damage has already been done, laments Carnival Band Owners Assoc. president
President of the Bahamas Carnival Band Owners Association Dario Tirelli told Guardian Business that, despite the government’s decision to revert Bahamas carnival back to the original dates of May 4–6, financial damage has already been done. Tire...
 
 
Bahamas tops list in VAT efficiency
A new paper has revealed that The Bahamas’ value-added tax (VAT) system has surpassed the region’s average in terms of the tax’s efficiency, suggesting that the country has one of the most successful VAT implementations in the Caribbean. The p...
 
 
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