Local Business


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Crawfish season 'turning out to be the worst ever'

BAHAMIAN fishermen remain “extremely concerned” over potential clashes with Dominican poachers, while lamenting that the crawfish season to-date is “turning out to be the worst season ever”.Keith Carroll, the Bahamas Commercial Fishers Alliance’s (BC

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PM's Disney project justification 'scary'

Previous development plans for Lighthouse Point are “not the right measuring stick to determine” if Disney’s project should be approved, the Bahamas National Trust’s (BNT) chief believes.Eric Carey, its executive director, told Tribune Business that

Senior accountant to gain lifetime award

Senior accountant, Philip Stubbs, pictured, will be presented with the 2018 Lifetime Achievement Award at the financial services industry’s upcoming November 2 honours ceremony.This award recognises individuals who have reached the pinnacle of their

Bahamas takes STEPs for a strong presence

Almost 30 Bahamian delegates attended the annual Society of Trust and Estate Practitioners (STEP) Latin America conference, which was held in Mexico City from October 4-5.STEP is the global professional association for specialists in family inheritan

Labour chief eyes work permits cap

The Government’s top labour official yesterday said it is examining whether to cap the number of work permits that can be issued to any one person as part of a strategy to crack down on abuses.John Pinder, pictured, director of labour, said his depar

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Disney rival mulling Judicial Review suit

Disney’s Lighthouse Point rival says it may mount a Judicial Review-style legal challenge over the lack of proper consultation should the Government approve the cruise line’s $400m project.Shaun Ingraham, the One Eleuthera Foundation’s (OEF) chief ex

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Sunwing deal 'madness' put all costs on taxpayer

Sunwing’s financial demands were yesterday branded “madness” by a Cabinet minister, who accused it of failing to deliver and forcing all costs on to the Bahamian taxpayer.Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business tha

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'Significant' Bahamian cruise port ownership

The Government is seeking “significant Bahamian ownership” in Nassau’s new cruise port operator, which will have “a 25-year concession” to manage, develop and maintain the facility.Bidders have until Friday, December 7, to submit their offers after t

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Disney rival's impact 'like night and day'

Disney’s Lighthouse Point rival says the difference between their respective projects’ economic impact is “like night and day”, despite push back from the cruise line’s supporters.Members of the Lighthouse Point Partners consortium told Tribune Busin

Bahamas won't see 'major upturn' over anti-crime regime

Global standard-setters are unlikely to grant The Bahamas “much improvement” despite major efforts to improve its anti-financial crime and terror financing regime, a local regulator has warned.Charles Littrell, the Central Bank’s inspector of banks a

'Tough decisions' ahead over ring fencing cease

The Bahamas has some “tough decisions” to make within the next few months on the financial services industry’s future, a former Bahamas Financial Services Board (BFSB) chairman is arguing.Michael Paton, pictured, a Lennox Paton attorney and partner,

Health Minister to address Exuma's Business Outlook

The Minister of Health will be the keynote speaker at this Thursday’s Exuma Business Outlook conference, which will be held under the theme, Creating a World Class Exuma.Joining Duane Sands, pictured, and Pedro Rolle, the Exuma Chamber of Commerce’s

Bahamas will fight 'discrimination' on financial regulation

THE Bahamas will fight against “discrimination” if higher financial regulatory standards are imposed on it compared to other countries, the Attorney General has vowed.Carl Bethel QC, addressing the Association of International Banks and Trust Compani

Sponge industry revival in full execution mode

Efforts to revitalise the Bahamian sponging industry are moving into the full implementation phase through an Inter-American Development Bank (IDB) sponsored project.“We have planted seeds in most of the islands where sponging happens, and equipped s

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Sunwing scraps GB air schedule

Grand Bahama’s struggling tourism industry was yesterday forced to confront another “significant loss” of 30,000 annual visitors after Sunwing pulled the plug on its summer airlift initiative.