Local Business


Non-profit foundation holds annual meeting

One Eleuthera Foundation (OEF), the non-profit that is offering a rival proposal to Disney’s plans for Lighthouse Point, held its Annual General Meeting (AGM) on September 29.The meeting updated members on OEF’s work and its strategic development pla

Small Business Centre eyes month's end for first funding

THE Small Business Development Centre’s (SBDC) executive director yesterday said she expects to have the first set of entrepreneurial business plans submitted for funding by month’s end.Davinia Blair, pictured, told Tribune Business she was “amazed”

Electric car charging key to Freeport's 'smart city'

Freeport is moving to become a “smart city” through its utilities supplier’s $15m renewable energy investments, including electrical car charging stations that will be rolled out in early 2019.Delano Arthur, of the Grand Bahama Power Company (GBPC),

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NAD's $125m debt refinance a 'win-win'

Nassau’s airport operator is exploring a $125-$130m debt refinancing that could produce “a win-win for everybody”, a Cabinet minister revealed yesterday.Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business that the move was des

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BNT: $10m costs make Albany-type deals imperative

The Bahamas National Trust (BNT) yesterday said the $10m annual operating costs for this nation’s national parks meant it had no choice but to seek private capital backing.

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Minister: FNM 'better managers of economy'

Business confidence is growing because the Free National Movement (FNM) is viewed as “better managers of the economy and the Government’s finances”, a Cabinet minister said yesterday.Dionisio D’Aguilar, minister of tourism and aviation, told Tribune

Checkers to create 40 jobs with fifth location

A well-known Bahamian restaurant chain yesterday said it is investing $3-$4m to create up to 40 jobs at its “futuristic” fifth location, saying: “We have to keep up with the trends.”

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BOB: Renewed confidence will ‘wane’ if no plan

Bank of The Bahamas was yesterday urged to release a detailed revival strategy at its upcoming shareholders’ meeting otherwise confidence created by its return to profitability will “wane”.

Bahamas Realty expands to west New Providence

Bahamas Realty yesterday unveiled its expansion through a new office in western New Providence that will open on November 1.The new office, named Bahamas Realty West, will target the luxury properties and communities that populate that part of the is

ART OF GRAPHIX: Don't compress image quality by format choice

Compression plays a vitally important role in many imaging systems by reducing the amount of data needed to store and/or transmit image data. While many different methods exist to perform image compression, perhaps the most well-known is the baseline

Govt taking 'significant steps' on tech hub

THE Government has taken “significant steps” towards making its “technology hub” ambitions a reality, a Cabinet minister said yesterday in unveiling the second Grand Bahama Technology Summit.Senator Kwasi Thompson, minister of state for Grand Bahama,

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GDP growth slash's 'pleasant surprise'

Businessmen were yesterday “pleasantly surprised” that the IMF did not cut The Bahamas’ GDP growth forecast more deeply, some having feared a full percentage point slash in VAT’s wake.Michael Maura, the Bahamas Chamber of Commerce’s chairman, told Tr

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CLICO clients told: 'Keep faith' for another payout

The Government is working on a fourth CLICO (Bahamas) payout to come as early as next month, with a well-known pastor yesterday urging the insolvent insurer’s clients: “Keep the faith.”Bishop Simeon Hall, himself a former CLICO (Bahamas) annuity hold

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'More proactive': BISX in pledge on trading limits

The Bahamas International Securities Exchange (BISX) yesterday pledged to become “more proactive” in stimulating the market for specific stocks by expanding their trading “bands”.Keith Davies, pictured, BISX’s chief executive, told Tribune Business t

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BOB gains $56.7m Treasury Bill boost

Troubled Bank of The Bahamas (BOB) has received a further $56.7m boost from the Government in the form of Treasury Bills, as it recorded its first full-year of profitability since 2012.The BISX-listed institution’s unaudited financial statements for