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Business

 
BTC’s restoration in GB expected to be 99% by end of the month
FREEPORT, Grand Bahama – In October of 2016, Hurricane Matthew ripped through The Bahamas as a very large and dangerous Category 4 system, bringing with it heavy rains and high winds, which downed power lines, uprooted trees, flooded low lying area...
 
 
170 begin dealer training at Baha Mar Casino
Baha Mar began the first day of dealer training at Baha Mar Casino yesterday with 170 employees participating, as the resort prepares to open its doors in less than 40 days. According to a statement released by Baha Mar, all of the recently-hired ca...
 
 
Bahamas Carnival launches, but scaled back to meet budget
Bahamas Junkanoo Carnival was officially launched last Friday, with the Bahamas National Festival Commission (BNFC) committing to its mandate to hold the annual festival amid controversy surrounding its spending over the last two years. BNFC CEO and...
 
 
Road Fever bands still seeking government funding for carnival
With only 54 days left before Road Fever bands hit the road in their carnival costumes, the Bahamas Carnival Band Owners Association (BCBOA) is still hoping some money in the government’s $5 million budget has been allocated for them to market them...
 
 
Young entrepreneur launches new online marketplace
A young entrepreneur launched a new, free classifieds website yesterday that he hopes will revolutionize this niche market in The Bahamas. The website – we242.com – is an online marketplace that makes finding products being offered locally much ...
 
 
Solomon’s donation adds to book count at Sir Jack Hayward Adult Library
FREEPORT, Grand Bahama, — In an effort to grow the current book selection at the Sir Jack Hayward Adult Library in Grand Bahama, Solomon’s recently made a cash donation to provide one month’s supply of reading materials. Renea Bastian, vice pr...
 
 
Lyford Cay Sotheby’s International Realty launches newly-redesigned website
Lyford Cay Sotheby’s International Realty has announced the launch of its newly redesigned website, SIRlyfordcay.com, which was built to showcase listings in an immersive and visual way, unique to the real estate industry. The website design inclu...
 
 
CCA: The Pointe phase two will usher in redevelopment of downtown
The Pointe broke ground on Saturday on the second phase of its $250 million condo/hotel development that executives say will usher in the redevelopment of Downtown Nassau. President of China Construction America (CCA) Ning Yuan said his company is c...
 
 
Clarity needed on number of gaming houses operators are allowed to have, says Flowers
While expressing his satisfaction over the 10-year moratorium on the web shop industry, CEO of FML Group of Companies Craig Flowers raised concerns over the number of gaming houses each operator is allowed to have and how a decision on that may have ...
 
 
Turnquest blasts government’s spending
In an attempt to lament the government’s spending, Deputy Leader of the Free National Movement (FNM) Peter Turnquest compared Prime Minister Perry Christie’s spending habits to those of Roman Emperor Caligula. “Caligula’s reckless spending t...
 
 
Baha Mar reveals executives who will run casino
Attorney General Allyson Maynard-Gibson said Saturday that Baha Mar's slot machines are on the dock and ready to be installed, while Baha Mar yesterday announced the names of the two executives who will run the casino operations. In a press statemen...
 
 
Island Luck to offer shares to public
Bahamians might soon be able to own a piece of Island Luck as the company works towards releasing an initial public offering (IPO) as early as May. The company’s CEO Sebas Bastian said yesterday that he is awaiting confirmation on just how many sh...
 
 
Bastian could be eyeing commercial bank startup
CEO of Island Luck Sebas Bastian could be eyeing the opening of a non-traditional commercial bank, stating that it makes sense to add a bank to his suite of companies and services, as he already has an investment bank as part of his conglomerate ...
 
 
Sunwing back in talks with Hutchison; buyer for Grand Lucayan Resort eyed
Prime Minister Perry Christie revealed yesterday that Sunwing Travel Group and Hutchison Whampoa are currently in discussions regarding the renovation and reopening of Memories Grand Bahama Resort only weeks after Sunwing, through its Blue Diamond Re...
 
 
DEVCO slashes Grand Bahama property prices 30 to 40 percent
Charles Pratt, manager of land development for the Grand Bahama Development Company (DEVCO), revealed that yesterday marked the official launch date for individuals interested in purchasing vacant lots in DEVCO subdivisions, and that they would be ab...
 
 
Island Luck launches OWN grant fund for a third year
Island Luck has shelled out $300,000 in the past two years to jump-start Bahamian businesses, and its CEO Sebas Bastian is looking forward to helping another 20 businesses through another $150,000 in grants this year. According to Bastian, the OWN B...
 
 
Waste company consortium ready to manage landfill
WasteNot Bahamas Limited and other waste/sanitation companies lose money when the landfill is on fire or not running efficiently, WasteNot Principal Ginny McKinney told the Guardian Business yesterday. McKinney is part of a consortium of sanitation ...
 
 
Solution needed to keep pension benefits afloat, says NIB director
Director of the National Insurance Board (NIB) Patricia Hermanns admitted yesterday that a solution is needed to sustain the longevity of NIB’s pension benefits, and it involves striking a balance between contributions being paid and benefits being...
 
 
PMU satisfied but notes deal with NIB does not ‘cure everything’
The Public Managers Union (PMU) and the National Insurance Board (NIB) signed a new industrial agreement yesterday after “many months” of negotiations, but PMU President Leslie Munnings said the new agreement does not “cure everything”. The ...
 
 
Mitchell: RBC closures will have ‘devastating’ impact on Bimini, Spanish Wells
Minister of Foreign Affairs and Immigration Fred Mitchell said yesterday the expected closure of RBC Royal Bank on Bimini and Spanish Wells will have a “devastating” impact on these communities. The Canadian bank recently announced plans to clos...
 
 
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