E-commerce entrepreneur 'bridges Out Island divide'
The founder of a Bahamian e-commerce portal yesterday said he hopes to “bridge the divide” between Family island economies with the launch of an APP that will bring “new school innovation” to the mailboat system.Omar Isaacs, chief marketing officer/f
CCA fearing Baha Mar completion miss
Baha Mar’s main contractor is raising the alarm that it will again miss the $4.2 billion project’s completion deadline, following the eruption of a legal dispute with a key supplier.China Construction America’s (CCA) Bahamian subsidiary, in legal fil
Bonded warehouses 'good business all around', say dealers
Auto dealers believe it will be “good business all around” if recent Customs visits mark the first step towards being able to establish bonded warehouses at their properties.Fred Albury, the Bahamas Motor Dealers Association’s (BMDA) president, said
Major bank's account used to launder $2.6m
The US authorities have been granted access to the financial records of a Bahamian company, and its account at a local bank, which were used to launder $2.632 million from an illegal Internet pharmacy scam.The Court of Appeal, in an unanimous verdict
Tourism Minister's 'concern' at airport security demands
The Minister of Tourism yesterday admitted that the short timeline given to meet enhanced US aviation security demands was “causing concern”, with the greatest impact likely to be felt at Family Island airports.Dionisio D’Aguilar told Tribune Busines
Union chief demandsa 'level playing field'
A trade union leader is urging the Government to lift the Employment Act’s redundancy cap, and demanding a “level playing field” for workers across the Bahamas.Obie Ferguson, the Trade Union Congress’s (TUC) president, told Tribune Business he suppor
Adviser: Small Business Centre must be 'holistic'
A small business advisor has urged the Government to involve the sector in establishing the Small Business Development Centre, warning that the concept must be “holistic” and clearly define those it will help.Mark Turnquest, principal of Mark A Turnq
Bahamas Minister urgesCaribbean trade linkages
A Bahamian Cabinet minister called for more regional co-operation on trade during the final leg of JAMPRO’s Caribbean Market Mission in the Bahamas.Thirteen Jamaican companies promoted their products for export to the Bahamas on one of JAMPRO’s large
Sunryse welcomes returningbusiness development chief
Sunryse Information Management has named Fabian Fernander as vice-president of business development for its document management business.Mr Fernander joined the company on June 6, and brings more than a decade of experience in marketing, sales and pr
Vendors benefit through Junkanoo Summer Fest
Food and craft vendors said business was brisk at the opening of Junkanoo Summer Festival (JSF).Cherrel Rolle, of Da Point Island Delight, said she enjoys the opportunity of catering to Bahamians and tourists alike.“Business hasn’t been bad at all; I
Insurance chair brands NHI Authority's $10m 'excessive'
The Bahamas Insurance Association’s (BIA) chairman says the $10 million to create the NHI Authority is “quite excessive”, and suggested more money should be directed to front-line healthcare services.Emmanuel Komolafe, while questioning how the new g
$42m IMAX developer eyes 800k client base
The all-Bahamian investor group behind a $42 million, IMAX-centred entertainment destination yesterday said it expects to attract “north of 800,000” persons annually to “a facility the world can admire”.Carlos Foulkes, the Atavus Group’s chief execut
Mortimer paid $5m airport rent under last Govt
Attorneys for the airport tenant targeted by the Minister of Tourism yesterday said she had paid $5 million in rent over the past five years, and never received “favourable consideration” from any government.Wayne Munroe QC told Tribune Business it w
Aviation investors 'stonewalled' by the Christie Govt
American aviation investors complained that the former Christie administration “stonewalled” their projects due to lobbying by Bahamian rivals, the US government revealed yesterday.The State Department, in its annual ‘investment climate statement’ on
Bahamas requires $160-$180m swing to 'stabilise' debt
The Bahamas needs a $160-$180 million ‘positive swing’ on its primary Budget balance to “stabilise” the debt-to-GDP ratio, with an even “stronger adjustment” needed to slash the $7 billion-plus national debt.The Inter-American Development Bank’s (IDB
