Local Business

Subscribe

BCA chief: Grand Lucayan purchase to mark Minnis’ ‘single biggest success’

THE Bahamian Contractors Association (BCA) president yesterday backed the Government’s plan to purchase the shuttered Grand Lucayan resort, telling Tribune Business the property’s revival would create “hundreds” of local construction jobs and mark the “single biggest success” for the Minnis administration.

Property tax U-turn played to the privileged, says Davis

OPPOSITION leader Phillip Davis yesterday slammed the Minnis administration’s over its recent decision to revert to the previous definition of owner-occupied properties, arguing that this was a “stark contrast” to the treatment of Bahamians.

$12m upgrade on Windsor water plant nears completion

BISX-listed Consolidated Water is in the “final stages” of commissioning its Windsor Plant, its chief executive telling shareholders yesterday approximately $12m has been spent on the upgrades.

Land'Or workers claim they're owed 49 weeks unpaid wages

EMPLOYEES at Club Land’Or claim they are owed as much as 49 weeks pay according to Labour Director John Pinder, with the resort’s attorney acknowledging the property is having “challenges”.Mr Pinder told Tribune Business: “Some of the staff have comp

'Virtual' initiative will aid over-the-hill project

A “virtual bonded warehouse” concept is being “fine tuned” to facilitate the importation of duty free goods under the Over-the-Hill Economic Empowerment Zone initiative, the project’s lead executives have confirmed.Kemie Jones, project manager, told

'Give us licence to prove medical marijuana works'

A group advocating for the development of a marijuana industry in The Bahamas is seeking a “three to five year” research and development licence to grow and research certain medical attributes of marijuana.According to the BACARI, given current tren

Helping hands for small businesses

SMALL businesses will soon have access to a suite of “hand holding” services aimed at ensuring their viability, according to the head of the Small and Medium Business Development Centre (SBDC) who noted access to capital was not the only “major” chal

Family Island airport upgrades need $200m

TOURISM and Aviation Minister Dionisio D’Aguilar yesterday lamented the “woefully inadequate” state of many of this nation’s Family Island airports, noting that government is now eying roughly $80m upgrades to two of their busiest airports.Mr D’Aguil

Cannabis group argues for clearer path forwards

A group advocating for the development of a marijuana industry in The Bahamas is calling on the government to develop a “regulatory pathway” to a clearly defined approach to its development.According to Terry Miller, chairman of the non-profit Bahama

New funding sources vital for fishing and farming

THE government over the next fiscal year will be “extremely aggressive” in seeking to help fisherman and farmers access funding opportunities, Agriculture and Marine Resources Minister Michael Pintard said yesterday describing the effort as a “major

CIBC says - make that a double

For the second year running CIBC FirstCaribbean has been named “Best Wealth Management Provider” in The Bahamas by World Finance magazine.“We’re absolutely thrilled,” said Brent Haines, centre manager, private wealth management.He stressed that clien

Getting around made easy - in Kroozzy control

A new ride-share application aiming to “revolutionize Bahamian transportation” and provide ease of transport for locals and visitors alike is set to launch in New Providence in October, with its president telling Tribune Business the company already

IAN FERGUSON: If you're a woman and the boss think about this

Men and women work side by side, tackling the same business problems, sitting through the same meetings and walking the same hallways. On the leadership front, however, that is usually where the common ground ends. Men and women experience very diffe

Pintard promises 'urgency' in helping farmers

AGRICULTURE and Marine Resources Minister Michael Pintard said yesterday government is taking steps with “urgency” to help build capacity in the local agricultural sector, acknowledging there were far too many “gaps” in discussions with local farmers

BPL exodus leaves up to 60 roles vacant to fill

BAHAMAS Power and Light (BPL) needs to fill 50-60 key positions vacated during its voluntary separation exercise, its chief executive has confirmed to Tribune Business.The VSEP exercise opened to all employees of BPL on May 18 and closed on June 8. O