Tourism softness: Nassau/PI room revenues off 7%
Hotel room revenues on Nassau/Paradise Island fell by 7 per cent year-over-year to end-July 2017, amid warnings of “sustained softness in tourism”.The Central Bank of the Bahamas, in its monthly economic report for August, said data from a group of m
Realtor expands its global sales reach
A Bahamian real estate company has expanded its international services with the appointment of multi-linguist Bobby Chen to its sales team.Mike Lightbourn, Coldwell Banker Lightbourn Realty’s president, said Mr Chen was fluent in English, Mandarin, C
GB medical facility offers new treatment
A Grand Bahama-based medical facility yesterday unveiled a new treatment for patients with diffuse scleroderma.The Okyanos Center for Regenerative Medicine announced it is offering a new and advanced protocol, based on the STAR clinical trial, which
Bahamian fishing lodges 'left out'
Bahamian fly-fishing lodge owners yesterday said an inability to access capital and lack of government support had made it difficult to compete with foreign rivals, with one saying: “We are being left out.”Shawn Leadon, of Andros Outdoor Adventures,
Bahamian fish lodges, guides 'catching hell'
Bahamian bone-fishing lodge owners and guides in the southern Bahamas yesterday said they were “catching hell”, with some alleging that business is being steered to foreign-owned rivals.Nevin Knowles, owner of the Long Island Bone-fishing Lodge, argu
Governor: 'Great concern' remains over bank access
The Central Bank’s governor yesterday said correspondent bank ‘de-risking’ remains a “great concern”, given that the Bahamas’ current economic viability depends on these relationships.John Rolle told Tribune Business that the regulator had seen no fu
Minister's final decision on 'can of worms' fear
The Minister of Transport must make “the final decision” on whether to approve the introduction of ground transport provider fees at Lynden Pindling International Airport (LPIA), Tribune Business was told yesterday.Ross Smith, the Road Traffic Depart
Union chief '110% confident' in Govt on Grand Lucayan
A trade union leader has expressed “110 per cent confidence” in the Minnis administration’s ability to resolve the year-long Grand Lucayan impasse.Michelle Dorsett, whose Commonwealth Union of Hotel Services and Allied Workers represents the resort’s
Web shop legalisation may 'decimate' financial services
The Bahamian financial services industry could be “decimated” if global regulators ever wake-up to how the web shop industry was legalised, a businessman said yesterday.Paul Moss, Dominion Management Services’ president, told Tribune Business that th
Baha Mar gets top marketing honours
Baha Mar yesterday said it had received Gold and Silver honours for excellence in destination marketing at the 2017 Travel Weekly Magellan Awards.Baha Mar’s ‘grand opening’ campaign was recognised with a Gold Award in Destination Marketing – Advertis
Bahamas' strong attendance at STEP conference critical
The Bahamas’ focus on private wealth management meant a strong presence at this year’s STEP Latin America (LATAM) conference was essential, a local executive said yesterday.More than 20 persons from the Bahamas attended the Society of Trust and Estat
'Terrible' connectivity undermines southern Bahamas' tourism
Tourism activity in the southern Bahamas has “definitely been down”, the Bahamas Out Island Promotion Board’s (BOIPB) executive director yesterday blaming this on “terrible” airlift connectivity. Kerry Fountain told Tribune Business that the Board wi
Real estate duo team to give 'Elite' service
Two real estate veterans have teamed up to offer international clients a special experience when acquiring Bahamian real estate.Silvina Andrews and Ana Elisa Wassitsch came up with Elite Properties Bahamas while developing ideas on how to better serv
Bahamian passes securities exam
Michael Reckley has passed the Canadian Securities Course (CSC) after studying with the Nassau-based Securities Training Institute (STI).Bettina Albury, STI’s general manager, said: “Our CSC workshops provide financial professionals with knowledge of
IMF: Bahamas bank fees rise up to 186%
Bahamian banks have increased fees for cross-border transactions by as much as 186 per cent over the last five years, due to growing pressure on their international ties.
