Local Business


‘Shift in thinking’ vital to reshape economy

State Minister for Grand Bahama Kwasi Thompson said yesterday the Commercial Enterprise Bill is designed to boost the Grand Bahama economy, attracting new industries and create opportunities for Bahamians.

Pooling resources would cut out need for foreign investment

ENCOURAGING more Bahamians to pool their resources and invest in commercial activity could reduce the demand for foreign direct investment, a leading accountant has argued.

Privy Council rules in Bimini family land dispute

THE London-based Privy Council has dismissed an appeal arising out of a family dispute over two plots of land on Bimini.

Great idea? Striping’s ready to help with funding

THE Bahamas Striping Group of Companies (BSGC) Investment Group yesterday launched its new website to allow entrepreneurs to apply for funding from a $1 million facility.

Increased notice periods for redundancies on the table

The Labour Department is formulating amendments to the national Employment Act which include an increase in the notice period for redundancies, Labour Minister Dion Foulkes told Tribune Business yesterday.

‘Bend to foreign investment or go bankrupt’

A BAHAMIAN businessman and leading governance reform advocate yesterday slammed opponents of the Commercial Enterprises Bill (CBE), arguing ‘xenophobic and myopic thinking’ will ‘send the country bankrupt’.

Do No Approve - party questions new bill’s benefits 

WHILE voicing its support for government initiatives aimed at improving the ease of doing business in the country, the Democratic National Alliance (DNA) yesterday queried how the Commercial Enterprises Bill (CEB) would benefit Bahamian businesses. 

Mindset not money the key to success 

THE lack of funding is ‘not fatal’ to the pursuit of the entrepreneurial dream a well-known, accountant and banker stated yesterday.

New job bill will ensure ‘Bahamians are priority’

The government’s new Commercial Enterprises Bill will ensure “that Bahamians are the priority,” despite the fact it will “liberalise the granting of work permits” to foreign companies.

Atlantis near sell-out for holiday weekend

ATLANTIS’S occupancy for the Thanksgiving weekend is ‘over 90 percent’, according to a senior executive at the resort with the annual ‘Battle for Atlantis’ tournament a ‘significant contributor’ to its boost in business for the period.

Staff head back to work as RIU reopens

MORE than 300 workers at the RIU Palace Paradise Island are returning to work after the resort reopened its doors after a multi-million dollar summer refit.

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Ferreira starts process to find new landfill manager

The preferred bidder for the management and operation of the New Providence landfill is expected to be selected by mid-March next year, Environment and Housing Minister Romauld Ferreira stated yesterday, acknowledging the landfill was ‘no instant fix’.

Solution being sought for Clifton Pier site

ENVIRONMENT and Housing Minister Romauld Ferreira stressed yesterday the government is working on a long term solution to address environmental concerns at Clifton.

BPL studying 19 bids from power generators

NINETEEN firms have submitted bids to provide 80 megawatts of power to Bahamas Power & Light (BPL).

Foulkes seeks court ruling on union’s role for Sandals’ staff

LABOUR Minister Dion Foulkes said yesterday he is seeking a ‘legal opinion’ as to whether the Bahamas Hotel Maintenance and Allied Workers Union (BHMAWU) is still the bargaining agent for employees of Sandals Royal Bahamian.