Local Business


Critical Marsh Harbour assets eyed for move

The government needs the co-operation of private property owners and other stakeholders to move Marsh Harbour’s town centre further inland, a Cabinet minister said yesterday. Iram Lewis, minister of state for disaster preparedness, management and re

Bahamas must 'rethink' all planning in Dorian's wake

The Bahamas must “rethink” every aspect of its infrastructure and planning regulations following Hurricane Dorian’s devastating $3.4bn impact, a government minister said yesterday. Iram Lewis, minister of state for disaster preparedness, management

BOB profits decline $1m on 141% credit loss rise

A 141 percent increase in loan loss provisions due to Hurricane Dorian and new accounting treatments have been blamed for cutting Bank of The Bahamas’ first-half profits by more than $1m. The BISX-listed institution, unveiling its results for the si

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Magic man David Copperfield in fight over $2m property tax bill

A world-famous magician/illusionist has defeated the Government's bid to obtain a summary judgment in their $2m-plus real property tax dispute involving his private Exuma resort destination.

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Get 'house in order' for aircraft registry

The Bahamas will be unable to fulfill its aircraft registry ambitions unless it “gets its house in order” on the industry’s civil aviation regulatory regime, a Cabinet minister has admitted.Dionisio D’Aguilar, pictured, minister of tourism and aviati

‘Flamboyant’ dresser’s casket costs funeral manager $34,000

A funeral home manager, whose photo of the casket for one of Nassau’s most “flamboyant” dressers went “viral on social media”, has lost her $14,472 claim for wrongful dismissal.

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Cable chief places 'undivided attention' on customer service

Cable Bahamas top executive says customer service and content quality will have his “undivided attention” for the next one-two years following completion of the firm’s $301.5m US exit.Franklyn Butler, pictured, the BISX-listed communications provider

Investors buy up 35% of oil explorer's fund

A Bahamas-based oil explorer says it achieved its targets after local investors purchased 35 percent of the available shares in the investment fund it created.Simon Potter, the Bahamas Petroleum Company’s (BPC) chief executive, said in a statement th

Water Corp unions sent back to work

The chief justice has ordered members of both Water and Sewerage Corporation unions to return to work until there is a full Supreme Court hearing on their industrial dispute next Monday.Brian Moree QC granted a temporary injunction on Friday that eff

Bahamas company near end on Mudd clean-up

A Bahamian company says it has substantially completed post-Dorian clean-up of the 40.9 acre location that was previously home to The Mudd shanty town community. Caribbean Pavement Solutions’ (CPS) said it had finished sorting through, and removing,

Chamber unveils digital committee

The Chamber of Commerce has launched its own Digital Transformation Committee (DTC) to ensure the private sector’s needs are met by the government’s technology transformation efforts. Formally unveiling the new committee, the Chamber said it will wo

Satellites shine light on Dorian's damage

Grand Bahama’s share of total Bahamian economic output dropped by 4.5 percentage points in the six years to 2018 based on the the strength of “night lights” seen from space, a study has revealed. A newly-released Inter-American Development Bank (IDB

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Bahamas draws ‘significant’ interest at top tourism show

The Bahamas attracted “significant” interest at this year’s New York Times Travel Show, the largest travel trade and consumer show in North America, with more than 1,000 attendees visiting its booth.

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Travel awards honour top tourism performers

A regional media publication teamed with the Ministry of Tourism and Aviation to host the first-ever Bahamas Travel Awards Ceremony in recognition of the industry’s top performers.

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DPM: Bahamas 'far from' uncontrolled debt spiral

The government is “far from” an uncontrolled debt spiral, the deputy prime minister argued yesterday, while voicing concern that a PLP administration would not remain faithful to fiscal consolidation. K Peter Turnquest told Tribune Business that Bah