Local Business


Chamber to host Trade Seminar

The Chamber of Commerce will host its inaugural Trade Seminar and Expo event at the Melia Nassau Beach Resort on Wednesday, May 30.The event will offer advice, information, education and instructions to Bahamian manufacturers, producers and exporters

Aliv assists electronic data protection talks

Aliv yesterday detailed ways Bahamians can protect their electronic data as it participated in a roundtable discussion hosted by the Data Protection Commissioner’s office.Dwayne Davis, Aliv’s chief solutions architect, presented on topics including i

Fiscal targets 'blown' without disaster plan

A Hurricane Matthew-type event could wipe out the IMF’s proposed national disaster fund and forever blow The Bahamas off its Fiscal Responsibility targets, a top insurer warned yesterday.Emmanuel Komolafe, pictured, the Bahamas Insurance Association’

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Gibson insists water contract was clean

Long Island’s $5m water deal went to the only bidder that “substantially” met the Water & Sewerage Corporation’s terms, its chairman saying yesterday: “I don’t believe in hanky panky.”

Minister: 'No free lunch' on tug boats

A Cabinet minister yesterday defended the imposition of a mandatory tug boat fee for cruise and commercial vessels using Nassau Harbour, saying: “There’s no such thing as a free lunch.”Frankie Campbell, pictured, minister of transport, told Tribune B

IMF urges 'bold action' on structural reforms before WTO

The Bahamas will not “reap the full benefits” of World Trade Organisation (WTO) membership unless it takes “bold action” to eliminate structural obstacles to growth, the IMF has warned.The Fund, in its latest Article IV report, warned that economic g

Responsibility Bill to take effect this Budget

The “enforcement elements” of the Fiscal Responsibility Bill will be incorporated into the 2018-2019 Budget, the Ministry of Finance’s top official has confirmed.Marlon Johnson, the acting financial secretary, told Tribune Business that the Governmen

Cable Bahamas inleadership change

Cable Bahamas is undergoing a leadership transition, with Anthony Butler set to retire as chief executive and be replaced by Bahamian businessman Franklyn Butler II.The BISX-listed communications provider, in advertisements set to be published today,

Hilton exposes hotel industry to students

The British Colonial Hilton has taken part in “Careers@Hilton Week”, the hotel chain’s annual event showcasing the many hospitality industry opportunities available for young job seekers.For the week of May 14, Hilton hotels and corporate offices aro

GB consultation on WTO begins today

The Government will today begin a three-day World Trade Organisation (WTO) consultation with Grand Bahama’s private sector.Led by officers from the Ministry of Financial Services, Trade and Industry and Immigration, the consultations will take place

Hotel union: Industrial agreement 'paramount'

Negotiating and registering a new industrial agreement was yesterday described as “paramount” for the hotel union’s new leadership, with elections now set for next Wednesday.Darren Woods, the Bahamas Hotel, Catering and Allied Workers Union’s (BHCAWU

Central Bank unveils $2.7bn FDI 'pipeline'

The Central Bank is reporting a foreign direct investment (FDI) “pipeline” worth around $2.7bn excluding Baha Mar and other “headline” projects, the IMF has revealed.The International Monetary Fund (IMF), in its just-released Article IV report, said

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IMF’s bitter pill - find extra $240m

The Bahamas needs a further $240m “adjustment” to hit its Fiscal Responsibility targets, the IMF warned yesterday, as it called for more “trimming” of the civil service wage bill.

Ticking timebomb of $3.7bn pensions

The Government’s unfunded multi-billion dollar pension liabilities, projected to hit $3.7bn by 2030, were yesterday branded “a big time bomb waiting to go off”.

BICA chief welcomes fiscal 'seat at table'

THE Bahamas Institute of Chartered Accountants (BICA) president yesterday welcomed the “seat at the table” to assess the Government’s fiscal responsibility compliance.Gowon Bowe, pictured, speaking at a press conference to announce the long-awaited r