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Business

 
BOB: Christie’s contract at an end
Bank of The Bahamas (BOB) Chairman Richard Demeritte has confirmed that Wayde Christie is no longer serving as managing director, and has at the same time dismissed assertions that Christie had been “terminated.” Demeritte spoke with Guardian...
 
 
Chamber, others welcome changes, want more
While the further loosening of exchange control restrictions by The Central Bank of The Bahamas (CBOB) has been hailed by the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC), that approval comes with a caveat that, while welcome,...
 
 
Regulator loosens exchange controls further
New rules from The Central Bank of The Bahamas on investments and borrowing and trade transactions came into effect on April 1, 2016. The changes give commercial banks and money transmission businesses (MTBs) the conditional ability to approve “cer...
 
 
Economist:  Address personal debt as ‘national priority’
Economist Rupert Pinder said the growth in personal debt among consumers in The Bahamas is a drag on the economy. He faulted “predatory lending” as one of the catalysts for increasing personal debt. During an interview with Guardian Business ove...
 
 
Bastian: Quick Draw ‘not a lottery’
Island Luck CEO Sebas Bastian says he spent roughly $350,000 to develop The Bahamas’ first televised three-ball game known as Quick Draw, and he insisted it is not a lottery. On Friday, the company hosted a launch event to promote the introduction...
 
 
Your energy tip of the week: LEDs, pt. 2
As I work with clients to help them save money in their homes, churches and businesses, I often get asked about lighting. Last week, we talked about the difference between incandescent bulbs, spiral bulbs and LEDs. We covered how countries are bannin...
 
 
PM to give EBO keynote address
President of the Eleuthera Chamber of Commerce Thomas Sands Jr. said small and medium-sized enterprises (SMEs) should use the upcoming fourth annual Eleuthera Business Outlook (EBO) as an opportunity to develop their businesses. The outlook will be ...
 
 
How to effectively explain gaps in your work history
We have a song in The Bahamas with a chorus that made it very popular: “If you can’t find your friends in Nassau, they’re in Freeport or they’re in jail.” We joke about it locally when we haven’t seen someone in a long time. I’ve certa...
 
 
Govt eyeing legal reform to facilitate arbitration focus
The Christie administration continues its march toward the designation of The Bahamas as an international arbitration center - more particularly a regional hub - and the CARICOM 101 Arbitral Practice Training Workshop held yesterday in Nassau was an ...
 
 
‘Huge opportunity’ with arbitration, Strachan says
Minister of Financial Services Hope Strachan said the establishment of The Bahamas as an arbitration hub is “a huge opportunity” for the jurisdiction. She spoke to Guardian Business yesterday in the margins of the International Centre for the S...
 
 
BISX index up 9.92%
The Bahamas International Securities Exchange (BISX) All Share Index — weighted for market capitalization rather than price — increased by 9.92 percent while other international equity markets decreased, some by as much as 16.96 percent last year...
 
 
Chances looks to expand premises
Raymond Culmer’s Jarol Investments Ltd. – trading as Chances Games – has applied for new gaming house premises, but since the gaming house zoning regulations under review have yet to be made public, it is unclear how objectors can be expected t...
 
 
BAMSI to hold first graduation ceremony
The first graduation ceremony for 16 to 20 students at the Bahamas Agriculture and Marine Science Institute (BAMSI) will be held June 2016 in North Andros. In 2014, the institute started with fewer than 40 students that attended an orientation in No...
 
 
GBPA to host e-commerce training for local businesses
During a press conference earlier this month, officials at the Grand Bahama Port Authority, Limited (GBPA), announced plans for an E-Business initiative, which aims to equip local businesses with basic tools to expand their customer reach, and increa...
 
 
NAD new VP means 100% Bahamian management
The Nassau Airport Development Company (NAD) and Vantage Airport Group yesterday announced the appointment of Paula Rigby to the position of acting vice president of finance and chief financial officer. Rigby takes over from Chris Ryan. She joined ...
 
 
BCSD marks 7th anniversary
The Bahamas Central Securities Depository (BCSD) recently marked its seventh anniversary with a celebration at the British Colonial Hilton, where their newly launched website (www.bcsd.bs) was proudly unveiled to clients. The website, developed by A...
 
 
Stellar prods govt to reply to project proposal
In the wake of renewed complaints about the state of the New Providence landfill, with the stink of possibly toxic smoke still lingering in the air, Stellar Energy Ltd. and Stellar Waste to Energy Ltd. have waded into the debate over what to do about...
 
 
IMF welcomes development of national plan
The International Monetary Fund (IMF) concluding statement commentary on The Bahamas’ National Development Plan (NDP) is “very much aligned with the findings of the State of the Nation Report (SNR).” That according to Dr. Nicola Virgill-R...
 
 
PM to speak on IDB panel about NDP
The anticipated release of the “State of the Nation” report (SOTN) – an initial step in the rollout of the National Development Plan (NDP) – has been rescheduled to April 11, 2016. The report’s original launch date was March 29. The NDP’...
 
 
$2.6M contract to design new GB health facility
A contract valued more than $2.6 million was signed yesterday between the Public Hospitals Authority (PHA) and The Beck Group to start the development of a master plan for a new Freeport Community Clinic. The Beck Group has served as the lead design...
 
 
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