Nastac congratulates Series 7 graduate
Natalee Dias can apply for registration as a broker after passing the Series 7 exam administered by the New York Stock Exchange (NYSE) and The National Association of Securities Dealers (NASD).Ms Dias trained with the Bahamas-based Nastac Group, know
Contractor Act ‘urgent’ for contract clean-up
Construction industry regulation will eliminate the typical 50-100 per cent cost overruns on public works projects, Tribune Business was told yesterday, creating instant multi-million dollar taxpayer savings.
$100m Stamp Duty foregone on Baha Mar asset transfers
The Christie administration gave up $100 million in Stamp Duty on Baha Mar’s two ‘asset transfers’ in return for securing the project’s construction completion and Bahamian creditor payouts.
Grand Lucayan sale can’t be ‘slow death’
The Government was yesterday urged not to permit the Grand Lucayan’s sale to become “a slow death”, the resort having suffered an $11.18 million loss in 2016.
‘Swift execution’ key to Govt privatisation
The Government was yesterday urged to move swiftly on the Prime Minister’s pledge to sell-off the Government’s interests in the Bahamas’ two mobile operators, a financial analyst warning: “Execution is key.”
BPL pulls together $125m loan facility
Bahamas Power & Light (BPL) is seeking to borrow $125 million by end-August 2017, despite the receipt of $32 million in Baha Mar receivables cutting operating expenses by almost 40 per cent.
Bahamas receives new aviation award
The Bahamas has received the 2016 Caribbean Sapphire Pegasus Business Aviation Award for Outstanding Country Promotion, the first award of its kind for the region.The Sapphire Pegasus Award is a symbol of gratitude for superb performance in an indust
Over 200 businesses ate-commerce 'Boot Camp'
More than 200 licensees and aspiring entrepreneurs attended the Business Innovation and e-Commerce Boot Camp, hosted by the Grand Bahama Port Authority (GBPA) and its Invest Grand Bahama Small Business Bureau (IGBSBB), on June 8.Ian Rolle, the GBPA’s
WTO accession 'grinds to a halt'
The Bahamas’ accesion to full World Trade Organisation (WTO) membership has come to a “grinding halt”, a Cabinet Minister yesterday arguing that private sector and public involvement is now key to how this nation moves forward.Brent Symonette, in his
BISX adds Leno as6th sponsor member
The Bahamas International Securities Exchange (BISX) yesterday announced that Leno Corporate Services (LENO) has become its sixth Sponsor Member.BISX Sponsor Members are agents that bring mutual funds to list on the exchange. They also perform an ini
Bahamas teams with UN on fisheries data
The Government has teamed with the United Nations’ Food and Agriculture Organisation (FAO) to capture data vital to preserving the Bahamas’ fish stocks. Rena Glinton, the Ministry of Agriculture and Marine Resources’ permanent secretary, told Tribune
Port Lucaya: '95% won't survive further 2 months'
Tenants in Freeport’s Port Lucaya Marketplace are planning a march to highlight their plight, one operator saying yesterday: “I can’t see 95 per cent of us surviving another two months.”Troy Cartwright, who is leading efforts to organise the march, t
Govt 'on hook' for $50m Matthew VAT refund bill
The Government could be “on the hook” for a $50 million-plus Value-Added Tax (VAT) refund bill as a result of Hurricane Matthew insurance claims, an industry executive said yesterday.Anton Saunders, RoyalStar Assurance’s managing director, estimated
Govt 'minded to aid' manufacturers over tariff slashes
The Government will today give “a definitive response” to opponents of its Budget tariff cuts, the Deputy Prime Minister saying it was “minded” to assist Bahamian manufacturers.K P Turnquest yesterday pledged it would ensure local manufacturers remai
Govt 'will not rest' until Grand Lucaya solution achieved
The Government yesterday said it was seeking “the best redevelopment deal” possible for the Grand Lucayan resort and associated amenities, promising it “will not rest” until this is achieved.Senator Kwasi Thompson, minister of state for Grand Bahama,
