Local Business


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Airport upgrades gain 1% of needed $200m

The government has allocated just one percent of the $200m needed to upgrade 28 Family Island airports in this year’s budget, a Cabinet minister revealed yesterday. Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business that the

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Showdown: Public service unions warn tomorrow’s talks with Minnis critical

The Government must explain why it is “in such dire financial straits” that it cannot meet public sector worker demands, trade union leaders warned yesterday.

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Abaco airport 'sorely lacking' for tourism

Visitors to Abaco have endured “first and last impressions” that are “sorely lacking” due to the failure to properly maintain the island’s $30m airport, a private sector leader said yesterday. Ken Hutton, pictured , the Abaco Chamber of Commerce’s p

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CCA says Sarkis has no rights on protected papers

Baha Mar’s main contractor is using a Bahamian Supreme Court ruling to argue it has not breached Sarkis Izmirlian’s rights by obtaining confidential legal documents prepared for him.Attorneys for China Construction America (CCA), in a letter and othe

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Moody's: BPL is 'bottleneck to expansion'

Moody’s has labelled the Bahamian energy sector as “a bottleneck to economic growth”, although its latest analysis makes no mention of the daily outages plaguing New Providence.The international credit rating agency, in its latest annual assessment o

Oil exploration plans 'absolutely disturbing'

ENVIRONMENTALISTS yesterday branded the Bahamas Petroleum Company’s (BPC) plan to drill an exploratory well in Bahamian waters during the 2020 first half as “absolutely disturbing”. Activists again called on the Government to publicly clarify its po

Govt defends its fiscal reform from US study

The government last night defended itself against US findings that it has failed to meet minimum fiscal transparency standards by hailing the “tremendous progress” it has made in this area. KP Turnquest, deputy prime minister, said the Minnis admini

Minister downplays public union unrest

The Minnis Cabinet will meet this Saturday with all the public sector unions in a bid to address the concerns that have sparked growing industrial unrest, the minister of labour said yesterday. Dion Foulkes, pictured , downplayed the strained labour

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BPL faces ‘consumer war’ with class action

A former Cabinet minister yesterday said he is pursuing a class action lawsuit over Bahamas Power & Light’s (BPL) outages, and warned: “This is a straight-up consumer war.”

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Just two bidders left for Nassau Flight Services

Just two bidders remain in the race to acquire Nassau Flight Services (NFS) ahead of a key presentation next Tuesday to the committee charged with selecting the best offer.Algernon Cargill, pictured, director of aviation, confirmed yesterday to Tribu

Oil explorer in 2020 first half well drill goal

An oil explorer yesterday hailed its “rapid progress” towards drilling a first exploratory well in Bahamian waters during the 2020 first half regardless of whether it secures a joint venture partner. The Bahamas Petroleum Company (BPC), in a stateme

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Energy tax breaks urged amid ‘double whammy’ concern

The government was last night urged to swiftly grant tax breaks for the importation of generators and solar systems to mitigate a “double whammy” from Bahamas Power & Light (BPL).

BTC VSEP offer 'better, but not what we wanted'

THE Bahamas Telecommunications Company’s (BTC) management union president yesterday said the carrier’s voluntary separation offer was “better but not what we were seeking”.Ricardo Thompson, head of the Bahamas Communications and Public Managers Union

Sky employee dispute hearing next thursday

The government’s top labour official yesterday confirmed that a hearing on the trade dispute filed by Sky Bahamas employees will take place next Thursday.John Pinder, director of labour, confirmed to Tribune Business that the matter has been filed an

Chamber teams up for China trade visit

The Bahamas China Friendship Association (BCFA) teamed with the Bahamas Chamber of Commerce (BCCEC) for an information session on the upcoming trade mission to China. The event allowed entrepreneurs, business owners and individuals to learn more abo