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Strachan: Strides made in developing strong national quality infrastructure
The Bahamas will be another important step closer to implementing the Economic Partnership Agreement (EPA) signed in October 2008 with the European Union (EU), when the country’s first-ever National Quality Policy is ratified. Speaking at the Baha...
 
 
Fiscal deficit up to 75.3 percent
With government spending on the rise, the fiscal deficit has risen to 75.3 percent in just the first four months of the current 2016/2017 fiscal year. To date, the Christie administration has collected over $1 billion in value-added tax (VAT). Total...
 
 
Halkitis outlines pros and cons of Fiscal Responsibility Act
Minister of State for Finance Michael Halkitis gave no assurances yesterday that the government would implement a Fiscal Responsibility Act (FRA), and argued that its implementation could leave the government’s hands tied in certain circumstances, ...
 
 
Scotiabank consolidating back office support and collections
Almost two years after closing several branches throughout The Bahamas, Scotiabank is undergoing another restructuring that could mean the loss of some jobs within the “back office support and collections” areas of the bank, Guardian Business und...
 
 
Smith outlines impact of foreign direct investment decline
Former Minister of State for Finance James Smith explained to Guardian Business yesterday the importance of foreign direct investment (FDI) and how its decline in the past four years has led to an increase in foreign debt. The inflow of FDI has slum...
 
 
Fulbright scholar’s study looks at food security on Eleuthera
A Fulbright scholar is attempting to discover the challenges the island of Eleuthera, in particular, and The Bahamas in general, have with food security and its connection to the health of the nation’s population. Allison Karpyn, who is on a two-y...
 
 
Bahamas, U.S. sign $11.8M AUTEC agreement
The Bahamas and the United States yesterday renewed an agreement for the Americans to continue to operate the AUTEC (Atlantic Undersea Test and Evaluation Center) base in Andros, in an $11.8 million rental agreement. The new agreement includes a fou...
 
 
Bahamas forms historic Wedding Council
PLANTATION, Florida - Tourism executives for the Islands of The Bahamas came together recently at the Renaissance Hotel in Plantation, Florida to form the Bahamas Wedding Council. The group, believed to be the first of its kind for the Caribbean, is ...
 
 
Matterport: The future of real estate
It has long been known that photographs help sell a property. They are often the first glimpse of a space that people who are beginning the search for a home or commercial property will have. However, there is a new technology that is taking real est...
 
 
NPL provides assistance to Great Commission Ministries International
In 2016, New Providence Life (NPL) shared the loving and giving spirit of its employees by pledging to help support Great Commission Ministries International (GCMI). GCMI is a charity whose mission is to bring reconciliation, restoration and hope to ...
 
 
KPMG stands ‘firmly’ behind economic assessment report
Despite a wave of criticism over KPMG's economic assessment report on National Health Insurance (NHI), the accounting firm told Guardian Business in a statement yesterday that it stands "firmly" behind the report's conclusions and welcomes "construct...
 
 
The Pointe awaiting approval to begin phase two
The Pointe, by developer Neworld One Bay Street, is awaiting the appropriate regulatory approval to begin phase two of the project after finishing its anchor development, an almost 900-vehicle parking garage and retail structure. The Pointe is a $250...
 
 
Deal urges budding entrepreneurs to be fearless and innovative
After being rejected 17 times by investors, and battling regulatory bodies for three years, Bahamian entrepreneur and CEO of Jetlink Adventures Ltd. Lincoln Deal, who is in his early 20s, reflected on how his business started, with the intent to enco...
 
 
Tourism committee to look at benefits, regulation of vacation home rental sector
The Bahamas Hotel and Tourism Association (BHTA) has put together a committee to look into the benefits and possible regulation of the vacation home rental industry in The Bahamas, the association's president, Carlton Russell, revealed to Guardian Bu...
 
 
NAD counts down to 10th anniversary as LPIA operator
This year, Nassau Airport Development Company (NAD) will mark its 10th year operating Lynden Pindling International Airport (LPIA) under a management partnership with Vantage Airport Group (formerly YVRAS). On April 1, 2007, NAD took over all commer...
 
 
KPMG report slammed again
In another damning reaction over a recently released KPMG report on National Health Insurance (NHI), President of the Medical Association of The Bahamas (MAB) Dr. Sy Pierre insisted the accounting firm’s document was filled with “unsubstantiated ...
 
 
Entrepreneur ready for carnival, govt still silent
Entrepreneur Stephen Rolle is eagerly awaiting government’s word on Bahamas Junkanoo Carnival. He has a Carnival Cruise Line ship full of people waiting too – almost 50 percent more than had booked with him last year. The Bahamas Carnival Cruise...
 
 
Ease of doing business could deteriorate into 2018
The Bahamas’ ease of doing business ranking has steadily deteriorated over the past five years, and a projection chart done by the Trading Economics website shows The Bahamas’ score becoming less and less favorable into 2018. If the trend is not...
 
 
Central Bank rolls out its objectives for 2017
After the banking sector experienced a “challenging” 2016, the Central Bank of The Bahamas (CBOB) Banking Supervision Department (BSD) quarterly letter outlined the regulator’s objectives and plans for 2017. The BSD pointed out that, of the ma...
 
 
Sandals assists staff members with $25,000 for post Hurricane Matthew repairs
With the nation still in recovery from the Category 4 Hurricane Matthew that tore through The Bahamas last fall, team members at Sandals Royal Bahamian are breathing a little easier with the donation of $25,000 toward their recovery efforts. Several...
 
 
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