Local Business

Subscribe

Destination manager gets top global award

Cacique International has won a 2018 Stella Award from Northstar Meetings Group, receiving a top destination management honour as “best” in international and US territories.

‘Step up to plate’ on Virgin voyages

A Cabinet minister yesterday reiterated calls for Bahamian entrepreneurs to “step up to the plate” and maximise cruise tourism’s economic impact as a “Virgin” prepares to enter the market.

Tease photo

Commonwealth Brewery Limited terminates 73 employees

Commonwealth Brewery Limited (CBL) announced today that 73 employees have been terminated in a restructuring exercise of its 700 Wines and Spirits retail division.

Tease photo

PM attacks EU action as ‘flawed’

The prime minister yesterday slammed the “flawed process” that resulted in the European Union (EU) branding The Bahamas as a “high risk” jurisdiction for financial crimes.

Tease photo

Banks unmoved over gaming ‘myth debunk’

The Gaming Board’s “myth debunking” has not convinced commercial banks to accept web shop monies, the Clearing Banks Association’s (CBA) chairman has revealed.

Tease photo

Island Luck ‘back to business’; deal may trouble rivals

Island Luck’s attorney says his client plans to “get back to business” following the tax settlement with the government, while conceding the deal “may create a problem” for other web shops.

Landfill manager eyes $20m raise

The New Providence landfill’s incoming manager has moved “in earnest” to close the initial $20m financing it requires with the ink barely dry on its deal with the government.

Tease photo

Union blasts govt as BTC ‘anxiety’ grows

The Bahamas Telecommunications Company’s (BTC) line staff union is warning that worker “anxiety” is increasing as it blasted the government’s “hands-off approach”.

Bimini a ‘Virgin’ cruise location

Sir Richard Branson has revealed that Bimini will feature in all voyages once his Virgin Voyages cruise line opens for business in 2020.

LNG transfer first for The Bahamas

The first ever ship-to-ship (STS) transfer of liquefied natural gas (LNG) in The Bahamas was completed on February 7 at Grand Bahama’s South Riding Point terminal.

Movies Masters series back in The Bahamas

The Movie Masters lecture series returns to Nassau and Grand Bahama this month to give Bahamian local access to Hollywood professionals.

BPL eyes ‘comprehensive push’ to keep the lights on

Bahamas Power & Light’s (BPL) chairman says that the utility is eyeing more “comprehensive” initiatives than reconnection deals to help customers keep their lights on.

BPL ‘really killing’ hotels on fuel cost

HOTEL operators have warning that Bahamas Power & Light’s (BPL) fuel charge “is really killing us” as they again lamented the impact of high electricity costs on sector profitability.

Taxing times for far-flung family islands

Roderick Simms writes that 'tax-free zones' should be considered to stimulate growth in remote parts of The Bahamas

The Bahamian government’s move to increase value-added tax (VAT) last year will have an adverse impact on southern Family Islands and, by extension, all Out Islands. Therefore, the government should consider making these islands economic “tax-free zones”. While the 4.5 percentage point increase will impact consumers across all islands, the brunt will be felt by those living in the southern Family Islands - particularly those that have yet to fully recover from major hurricanes that severely impacted them between 2015 to 2017.

URCA names director for communications industry

Veteran journalist and broadcaster, Carlton Smith, has joined the Utilities Regulation and Competition Authority (URCA) as director of electronic communications (DEC).