Royal Bahamian boost from Antigua closure
Sandals Royal Bahamian yesterday said the temporary closure of the all-inclusive chain’s Antigua property had steered more business to the Cable Beach-based resort, with the “biggest impact” expected in early December.Gary Williams, Sandals Royal Bah
SUPERGREEN SOLUTIONS: Avoiding cost, discomfort when BPL does its thing
How much does it cost when your power goes out? I know people who spent many hundreds of dollars running their generator after Hurricane Matthew last year. Since hurricane season is knocking at our door again, it is a question worth asking. Business
Past Baha Mar 'missteps' undermining airlift growth
New resort developers should “bear the responsibility” for attracting new airlift to the Bahamas, Atlantis’s top executive warning: “You can’t wait until the last minute.”Howard Karawan, the Atlantis president and managing director, who also serves a
Stem cell centre names Bahamian as president
The new owners of a Freeport-based stem cell therapy clinic have named Vincent R. Burton as its president.Black Beret Life Sciences, the life sciences investment and management arm of the Houston-based Bosarge Family Office, named Dr Burton to head t
Atlantis chief admits Baha Mar 'cannibalisation' fear
Atlantis’s top executive yesterday admitted he fears ‘market cannibalisation’ as a result of Baha Mar’s opening, warning that pricing “into the Christmas season” has already been impacted.Howard Karawan, the Paradise Island resort’s president and man
QC demands DPM retract Freeport as ‘smuggling gateway’
A prominent QC yesterday demanded that the Deputy Prime Minister retract his assertion that Freeport is “a smuggling gateway”, arguing that it had “tarred every business with the same brush”.
Atlantis targeting $130m investment by end-2018
Atlantis’s top executive yesterday revealed that the Paradise Island destination resort is likely to invest a further $130 million to upgrade its amenities by 2018 year-end.Howard Karawan, its president and managing director, said “north of $80 milli
Employer redundancy cap fears 'overblown'
Employer concerns over an increase in redundancy pay were yesterday branded as “overblown”, a senior trade union leader suggesting the current ‘cap’ should be doubled.Obie Ferguson, the Trades Union Congress (TUC) president, told Tribune Business tha
Chamber chief backs nationalising Grand Lucayan 'if all fails'
The Grand Bahama Chamber of Commerce’s president yesterday backed a Government takeover of the Grand Lucayan “if all else fails”, arguing that the Bahamas must do “whatever it takes” to secure its imminent re-opening.Mick Holding told Tribune Busines
Redundancy pay cap revisit 'not great idea'
The Chamber of Commerce’s chief executive yesterday said it was “not a great idea” for the Government to be talking about increasing the redundancy pay cap “so soon” after its predecessor abandoned similar plans.Edison Sumner told Tribune Business th
Commonwealth to help modernise Govt debt
The Central Bank has signed an agreement with the Commonwealth Secretariat to help modernise the legal framework for managing the Government’s multi-billion dollar debt. The Memorandum of Understanding (MOU) provides for the joint funding of technica
Grand Lucayan nationalisation is ‘not out of bounds’
The Deputy Prime Minister yesterday did not rule out the Government ‘nationalising’ Freeport’s Grand Lucayan resort, after a prominent attorney said such action is “not out of bounds”.
Realtor urges revival of ‘Economic Citizenship’
A prominent realtor has urged the Bahamas to again consider implementing an ‘Investor Citizenship’ programme, arguing that it will be “really beneficial” to the economy and local jobs.
Doctors’ chief calls for NHI ‘scrapping’
The Medical Association of the Bahamas (MAB) president says he “can’t understand” why the Government is so reluctant to “scrap” the National Health Insurance (NHI) scheme and go back to the drawing board.
Minister overrides system for NHI patient equality
The Minister of Health has been forced to increase the stress on “an already over burdened” public healthcare system to ensure equality for National Health Insurance’s (NHI) 25,000-plus beneficiaries.
