'We need tourists to spend more money'
Tourism Minister Dionisio D’Aguilar yesterday stressed that The Bahamas needs to get its six million annual visitors to spend more money, suggesting that a ‘radically different’ approach is needed to tourism development in the country.Mr D’Aguilar wh
Securities chiefs pay visit to Finance Minister
The Bahamas Central Securities Depository (BCSD) and The Bahamas International Securities Exchange (BISX) recently paid a joint courtesy call on the Deputy Prime Minister and Minister of Finance K. Peter Turnquest. BCSD and BISX representatives took
Taxation to hit vacation home rental sector
Legislation is being drawn up to regulate the vacation home rental sector which will include taxing rental income, Tourism Minister Dionisio D’Aguilar revealed yesterday.Speaking at a press conference for the signing of a Memorandum of Understanding
BPL boss details strategy to drive down consumer bills
Bahamas Power & Light’s (BPL) chief executive Pam Hill said yesterday the company is aiming to improve efficiency at its plants and is also pursuing a fuel hedging strategy as a means to provide lower electricity costs to consumers.
Project aims to boost $500m fly fishing industry
A pilot project to help Bahamian fly fishing guides improve their business and technical capacity is now underway on Andros.At the same time a ‘holistic’ market assessment of the local fly fishing industry is also being undertaken.The Ministry of Tou
Baha Mar occupancy at 50 percent and growing
A senior Baha Mar executive said yesterday the mega resort is running at 50 per cent occupancy with more than 2,000 Bahamians being currently employed.Robert Sands, Baha Mar’s senior vice president of government and external affairs said the SLS Lux
Govt should phase out cash-based accounting to reveal true numbers
A top accountant said yesterday the country’s fiscal deficit has become a ‘political football’ and it was now time the former and current administrations ‘reconcile the numbers’.Gowon Bowe, Bahamas Institute of Charter Accountants (BICA) and Fidelity
An Oasis of style in Sandyport
Oasis Furniture, the Sandyport based retail showplace recently hosted a pop-up shop which allowed several local Bahamian entrepreneurs to showcase their work.For one weekend that began on a Friday night and ended late Saturday the iconic store in San
Labour Exchange revamp ensures Bahamians put first
Labour Director Robert Farquharson said yesterday he expects his department to ‘more vigorously’ enforce the country’s work permit policy with the introduction of a revamped Employment Exchange set to officially launch at the end of this month.
Staff hike at ministry was justified - Wilchcombe
Former Tourism Minister Obie Wilchcombe yesterday defended his decision to increase the size of the ministry’s staff by 55 per cent under this tenure. Mr Wilchcombe told Tribune Business he was proud of the fact he had created opportunities for Bahamian professionals to be employed within his department, a move he said was done within the ministry’s budgetary constraints.
Gaming review has to make the industry pay its fair share
A leading web shop operator said yesterday the Minnis administration has a great opportunity to ‘right the ship’ and set a new way forward for the Bahamas gaming industry.
Keeping the motorist appy
A local company is seeking to utilise technology to address highways issues which have the potential to become serious traffic hazards.
NHI payments will stay on hold
Health Minister Dr Duane Sands warned yesterday that no payments under the National Health Insurance (NHI) scheme will be made until a proper governance structure is in place.
Aviation needs a plan which will fly
A senior Bahamian airline executive said yesterday he was not prepared to simply ‘curse the darkness’ over the issues facing this nation’s aviation sector, demanding, “Let’s quit talking and make things happen”.
BCCEC gearing up for ‘packed’ fall schedule
The Bahamas Chamber of Commerce and Employers’ Confederation is gearing up for a ‘packed’ fall schedule of trade missions.
