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Business

 
Local contractors would work at Baha Mar ‘if arrears satisfied’
Former President of the Bahamian Contractors Association (BCA) Stephen Wrinkle said that until a final agreement is made between Baha Mar’s receivers and China Construction America (CCA), any report of construction restarting on the $3.5 billion Ba...
 
 
Baha Mar receiver-manager mum on restart
Despite the rumors, Deloitte & Touche remains mum on a final agreement with China Construction America (CCA) to restart construction at Baha Mar. Nonetheless, Prime Minister Perry Christie said on Wednesday during the budget debate that “very a...
 
 
Halkitis: Arrested growth in debt-to-GDP
Minister of State for Finance Michael Halkitis yesterday projected that by the end of the 2016/2017 fiscal year, the rate of growth in the ratio of debt-to-gross domestic product (debt-to-GDP) will have slowed, and will actually decline in the comi...
 
 
Bahamas ‘leapfrogged Jamaica’, study says
The Bahamas ranked among the top 10 Caribbean countries in culture, entertainment, cuisine and adventure, and “leapfrogged” Jamaica to claim the number four spot in absolute rankings, according to the 2016 Caribbean Tourism Quality Index Resonanc...
 
 
Mortgage relief 2.0 details revealed
Minister of State for Finance Michael Halkitis provided further details on the government’s mortgage relief program (MRP) during yesterday’s budget debate. Parallel to that, Halkitis announced that the legislation for a credit bureau to be implem...
 
 
Wilchcombe, Minnis react to Canada warning
The Canadian government has issued an advisory warning stating that all Canadians traveling to The Bahamas must exercise a high degree of caution because of high crime rates, especially in Nassau, New Providence. The warning is a concern, given that ...
 
 
FNM to float mortgage relief proposal
Shadow Minister of State for Finance Peter Turnquest revealed that the Free National Movement (FNM) has its own mortgage relief plan that could be released for public scrutiny as early as next month. Although he would not reveal any details of the pl...
 
 
CFAL’s Junior Investor trophy goes back to Freeport
St. Paul’s Methodist College took the Junior Investor trophy back home to Grand Bahama on April 26, 2016, marking the second time that the school earned first place in the financial literacy program developed by leading investment and financial ana...
 
 
Bahamas observe World Accreditation Day 2016
Under the theme, “Accreditation: A global tool to support public policy”, The Bahamas is among the many countries worldwide, observing World Accreditation Day (WAD), a global initiative jointly established by the International Accreditation Forum...
 
 
URCA notified to proceed with mobile licensing
The Cellular Liberalisation Task Force (CLTF) yesterday announced that it had notified the Utilities Regulation and Competition Authority (URCA) to proceed with the licensing of the new cellular mobile company NewCo. It is the next step in completing...
 
 
Bahamas at Caribbean Week ‘spectacular’
Following The Bahamas’ “spectacular” showing at Caribbean Week NYC, Director General of Tourism Joy Jibrilu said “New York will never be the same again”. The curtains came down on Caribbean Week on Sunday with energetic performances by loc...
 
 
BTC CEO wins executive award
The 2016 Corporate LiveWire Innovation & Excellence Awards 2016 has recognized Leon Williams as Telecommunications CEO of the Year. Williams, who also serves as senior vice president of Cable and Wireless Communications, is serving his second st...
 
 
Chamber meets in private with BPL CEO
The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) yesterday held a closed-door meeting with Bahamas Power and Light (BPL) CEO Pamela Hill to address the chamber’s concerns about the CEO’s desire to raise the base rate B...
 
 
Referendum to have no negative impact on economy
Shadow Minister of State for Finance Peter Turnquest said the outcome of the gender equality referendum yesterday would not have a negative economic impact for The Bahamas. He suggested that whether the majority voted ‘yes’ or ‘no’, it would ...
 
 
Financial services professionals on fair trade
A top local bank executive has highlighted the importance of having a fair trading commission (FTC) in The Bahamas. An FTC would help to promote consumer protection and prevent anti-competitive behavior among various sectors and businesses, and while...
 
 
‘Arrogance, incompetence’ delayed NHI, Sands says
The proposed National Health Insurance (NHI) scheme could have been further along if the government had not been “arrogant and incompetent” in its implementation process, according to Free National Movement (FNM) Senator Dr. Duane Sands. The thi...
 
 
Trend: compliance officers increasingly under pressure
With the financial world still absorbing the turn compliance regulators have taken toward holding individual compliance officers personally liable for deficiencies in anti-money laundering (AML) programs, Bahamas Association of Compliance Officers (B...
 
 
Money!
Most of us could do with a bit more money to fund a personal project and organizations are exactly the same. Successful fundraising is a key component to ensure survival and growth within an increasingly demanding and competitive marketplace. ‘Fun...
 
 
Minister urges involvement in local government elections
Charging that local government is “government closest to the people”, Minister of Local Government Hope Strachan has called on Bahamians to become more involved in and more knowledgeable about local government, elections for which are scheduled f...
 
 
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