Local Business


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RoyalStar targeting Caribbean acquisition

RoyalStar Assurance and its Trinidadian partner are targeting a Caribbean acquisition that is expected to close before year-end 2019 as part of a regional expansion strategy.

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Security firm to ‘raise bar’ as legal woe ends

A Bahamian security firm is now focusing on “raising the bar” for itself and wider industry after settling a legal battle with its former partner on the criminal ankle bracelet monitoring contract.

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Don’t ‘reinvent the wheel’ over Abaco mega project

An Abaco realtor yesterday queried why the Government was “reinventing the wheel” with new multi-million dollar resort projects when existing ones were for sale at a fraction of these sums.

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EIA findings crucial for $580m project

The Abaco Chamber of Commerce’s president says the fate of the $580m mixed-use resort project proposed for the island’s south will be decided by the environmental impact findings.

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Decade to end ‘social welfare’ system in Govt

A governance reformer has predicted it will take between five to ten years to eliminate “the social welfare system” that much of the public sector has become.

Eleuthera Chamber chief warns over infrastructure

Eleuthera’s infrastructure must keep pace with foreign direct investment, the island’s Chamber of Commerce president is warning, with a study of its needs required “as soon as possible”.

Investor deals ‘should go beyond just jobs’

THE Government wants all investor Heads of Agreements to go beyond job promises and create entrepreneurial opportunities that will help The Bahamas retain more of foreign direct investment (FDI) inflows.

IAN FERGUSON: Translating faith to the workplace

As we bring this sacred season of Easter to a close, it has provided a wonderful opportunity for many to reflect on their faith. One of the greatest points of question, and concern, for many who follow Judeo-Christian teachings and practice is how much of our expression of faith should we include in our corporate and civic lives.

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Abaco development pledges $2bn impact

A $580m mixed-use South Abaco resort investment is pledging to create 600 full-time jobs and inject $2bn into the area's struggling economy during its first 10 years in operation.

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AG ‘reach out’ over web shop tax snafu

The attorney general will “reach out” to Wayne Munroe QC today to find out why his web shop clients are not paying the taxes agreed under the government’s settlement with the industry.

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Investment fears on work visa plan

Requiring seven-year work permit holders to leave The Bahamas for one year before an employer can reapply for their return is “not investment positive”, the government has been warned.

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Aircraft registry needs ‘glaring advantages’

The Bahamas must develop “glaring advantages” over rival jurisdictions if its proposed aircraft registry is to overcome its late market entrance, a Cabinet minister admitted yesterday.

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BPL adds 25MW to meet forecast summer demand

A TOP Bahamas Power & Light (BPL) executive yesterday admitted the utility has been forced to secure 25 megawatts (MW) of extra rental generation to meet the summer demand.

$500m developer unveils Bahamas’ ‘largest marina’

The developers behind a proposed $500m Long Island development yesterday released artistic renderings of what is being billed as the largest marina harbour in The Bahamas.

Patrons get taste of The Bahamas

Some 200 patrons recently attended a ‘Taste of The Bahamas’ reception held at the African-American Research Library and Cultural Centre in Fort Lauderdale.