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Business

 
Former govt approved cloning of Abaco wild horses
The former Christie administration, just days before the general election, approved a project to clone now-extinct wild horses in Abaco. The horses preserve would be used for initiatives such as alternative energy systems and ecotourism. The then g...
 
 
Morton Salt plant now fully up and running since hurricane-related damage
The Morton Salt plant, the backbone of Inagua's economy, is fully up and running since suffering damage from last year's hurricane, and is close to being able to accept larger vessels at its facility once again, the company's senior director of minin...
 
 
BTC hosting disaster recovery workshop with the business community
In an effort to supplement the physical preparedness of its infrastructure, the Bahamas Telecommunications Company (BTC) will host a disaster recovery workshop with the business community on June 23. Speaking with Guardian Business yesterday, Senior...
 
 
Bahamas Striping launches scholarship program, investment fund
From a $5,000 government grant to a multimillion-dollar, multilayered company, Bahamas Striping celebrated its seventh anniversary in grand style over the weekend, launching not only a new scholarship program but also a million-dollar investment fund...
 
 
BDB micro-loan initiative sees first successful applicant
Licensed farmer and owner of Premium Farm Bahamas Dave Munroe is the first successful applicant of a micro-loan facility offered by the Bahamas Development Bank (BDB). The fund, operated in conjunction with the Bahamas Agriculture and Marine Science...
 
 
Government to launch youth entrepreneur/development program
The government of The Bahamas will launch a youth entrepreneur and youth development program over the next five years that will “inspire and empower a new generation of Bahamian entrepreneurs”. The program will assist young Bahamian entrepreneur...
 
 
Govt ‘speeding ahead’ to finalize, retool landfill RFP process
Minister of the Environment and Housing Romauld Ferreira said yesterday the new government is “speeding ahead” to finalize and retool the request for proposals (RFP) process for the remediation and operation of the New Providence Landfill. While...
 
 
Komolafe: Private sector remains ‘challenged’, burdened with ‘red tape’
While the new government continues to review the country’s economic state, Chairman of the Bahamas Insurance Association (BIA) Emmanuel Komolafe lamented that the private sector remains “challenged” and businesses are still burdened with “red...
 
 
Need to weigh pros and cons of oil drilling, says Ferreira
After stating that the country is “broke”, a Cabinet minister said yesterday that the country needs to decide whether protecting its natural resources outweighs the potential financial benefits of a possible oil discovery. Environment and Housin...
 
 
Trump’s Cuba policy could benefit Bahamas, says D’Aguilar
The Bahamas could get a quick, short respite from the threat Cuba poses to its tourism product, as U.S. President Donald Trump sets out his Cuba policy at the end of this week. Minister of Tourism and Aviation Dionisio D'Aguilar, who was recently an...
 
 
Bahamian speaks at Haiti Tech Summit
Bahamian Kristie Powell, who is a senior technical solutions consultant at Google, told Guardian Business yesterday that she wants to see The Bahamas more abuzz about technology and Bahamians more engaged in it, outside of just the tech Bahamians rec...
 
 
Bahamians leading the way at Atlantis
Atlantis, Paradise Island is pleased to announce that for the first time in the mega-resort’s history, Bahamians are at the helm of all hotel operations. This announcement is in line with the vision of President & Managing Director Howard Karaw...
 
 
Ragged Island and Black Point in BTC franchise expansion
There are now thirty-five Bahamas Telecommunications Company (BTC) franchise store locations throughout the country. Five more locations are scheduled to open by the end of June. The locations include Ragged Island, Man-O-War Cay, Abaco; Eight Mile R...
 
 
Minister of labor attends 106th session of the International Labour Conference
Senator Dion Foulkes, minister of labor, led a tripartite delegation from The Bahamas to participate in the 106th Session of the International Labour Conference being held in Geneva, Switzerland, June 5-16, 2017. During his three-day visit to Geneva,...
 
 
Work to complete Smith’s Point seawall stays on track amidst concerns
FREEPORT, Grand Bahama – Iram Lewis, member of Parliament for Central Grand Bahama and parliamentary secretary in the Ministry of Works, during a press conference June 11, expressed concern for the seawall project at Smith’s Point, Grand Bahama, ...
 
 
Bowe: Controlling spending important to achieve fiscal reform
Amid the Free National Movement government's (FNM) pledge to allot a certain percentage of revenue from value-added tax (VAT) to pay down the country's national debt, Gowon Bowe, chairman of the Bahamas Chamber of Commerce and Employers’ Confederat...
 
 
Port of Nassau in an ‘embarrassing state’, says tourism minister
The Port of Nassau is in an "embarrassing state", Tourism Minister Dionisio D'Aguilar told Guardian Business yesterday, stating that the busiest cruise port in the region is in need of private management in order to meet its true potential. Nassau's...
 
 
URCA defends its use of ads promoting mobile number portability
CEO of the Utilities Regulation and Competition Authority (URCA) Stephen Bereaux sought to dispel concerns that the telecoms regulator is stepping out of its role to promote mobile number portability (MNP) for purposes other than public education. S...
 
 
D’Aguilar defends FNM government on budget
Minister of Tourism and Aviation Dionisio D'Aguilar yesterday defended the government's decision to present the budget of the former government, saying the country's 2017/2018 budget was largely prepared by the civil service and the Ministry of Finan...
 
 
BTC raises awareness of securities solutions
Bahamas Telecommunications Company (BTC) recently participated in the 27th annual Conference of Regional Central Banks’ Information Systems Specialists. Over 250 participants attended the conference from both private and commercial banks. BTC Vice...
 
 
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