Local Business


Southern island airlift partner now 'pending'

THE Bahamas Out Island Promotion Board (BOIPB) is eyeing an airline partner to address the “terrible” connectivity undermining tourism in the southern Bahamas, its director revealed yesterday.Kerry Fountain revealed to Tribune Business: “We do have a

Airline chief: Bahamasair taking spend from nation

BAHAMASAIR should not be used as a tool to undermine Bahamian businesses, a local airline executive warned yesterday, arguing that it should be playing a greater role in national development.Sky Bahamas chief executive, Captain Randy Butler, echoed c

Choose the best coverage for life

By Ramon SimmsLIFE insurance used to be big business, sold door-to-door with thousands of representatives covering a vast geographical territory. Even though such sales are not as visible as they once were, the product still exists and thrives in the

'Deathly afraid' for local ownership under WTO

Arawak Homes’ chairman is “deathly afraid” that WTO membership will undermine Bahamian economic ownership because many locally-owned firms cannot compete internationally.Sir Franklyn Wilson told Tribune Business that “a high percentage” of Bahamian b

Unhealthy eating to 'destroy' economy if left unchecked

DISEASES linked to unhealthy eating will “destroy” the Bahamian economy if left unchecked, a Cabinet Minister has warned, admitting that planned ‘breadbasket’ food reforms may be viewed as “blasphemy”.Dr Duane Sands, minister of health, told Tribune

Unions warned: Put house in order or face 'strike off'

TRADE unions were yesterday warned to put their finances in order or face being ‘struck off’ if they fail to file their annual returns by June 1.The Department of Labour, in a statement, served notice of its intention to enforce the Industrial Relati

Bahamasair discounts undermine local retail

BAHAMASAIR has been accused of undermining local retailers through its ‘shop in Florida’ specials, with Customs facing an “almost impossible” task to prevent tax evasion and smuggling.The Bahamas Federation of Retailers (BFR), in again calling for th

Be 'even handed', unions tell Gov't on enforcing law

A UNION leader last night demanded that the Government be “even handed” and enforce the law requiring employers to meet and negotiate with recognised bargaining agents within 45 days.Obie Ferguson, the Trades Union Congress (TUC) president, told Trib

DPM: Opposition finance chief slamming own party

THE Deputy Prime Minister last night said the Opposition’s finance spokesman was effectively indicting his own party by describing a $25 million project as “a slush fund”.K P Turnquest told Tribune Business that Chester Cooper’s criticism of the Gove

Insurance Brokers reveal new Board

THE Bahamas Insurance Brokers Association (BIBA) has announced the appointment of its new Board members for 2018.Pictured from left to right are: Tamara Boyd-Prosa, assistant secretary (Star General Insurance); Michael Cooper, immediate past presiden

Exchange control push is a 'devaluation hedge'

A well-known businessman yesterday questioned the motives driving exchange control relaxation, arguing that many advocates support it as a ‘hedge’ against devaluation rather than boosting economic growth.Sir Franklyn Wilson, the Arawak Homes chairman

Aliv’s $15m offering could ‘double’ goal

ALIV’s advisers yesterday expressed confidence that its latest $15 million capital raising, which launches Monday, could raise double the target despite lower-than-forecast revenue margins.

Retailers slam PM's Over the Hill plans as 'terrible policy'

BAHAMIAN retailers last night blasted the Prime Minister’s ‘tax free zone’ and VAT exemptions plan as “terrible policy”, warning it could create increased “fraud and corruption”.A Bahamas Federation of Retailers spokesman, in a statement, warned that

Bahamian honorary consul in landfill bid

A BAHAMIAN Honorary Consul is among the principals in a consortium named as one of the seven bids to qualify for the next round of the New Providence landfill management tender. Cedric Scott, the actor, producer and uncle of former Cabinet minister,

Aliv chief 'confident' BTC sharing woes 'now behind us'

ALIV’s top executive yesterday said he was “confident” obstacles to sharing infrastructure with its main rival had been overcome, with the mobile upstart poised to “conquer” its targets.Damian Blackburn told Tribune Business that many co-location and