RICHARD COULSON: How BISX falls short
Our Bahamas International Securities Exchange (BISX) recently launched its “new and improved, user friendly, website”. Just type www.bisxbahamas.com on your computer, and there it is ... unfortunately, a damp squib.
Baha Mar purchaser to hire 1,500 in early 2017
The Prime Minister has confirmed that the $3.5 billion Baha Mar project is set to undergo a phased opening in the 2017 second quarter involving 1,800 rooms, with 1,500 persons to be hired early in the New Year.
Chamber chief rejects ‘We March’ strike call
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive says he cannot encourage strike action in the Bahamas at this time, explaining: “It doesn’t help the situation.”
Baha Mar director probe ‘won’t find a bloody thing’
The Baha Mar liquidators will “not find one bloody thing” wrong when they probe the Sarkis Izmirlian-led Board’s conduct, a former director told Tribune Business yesterday.
Bran ‘amazed’ over web shop hypocrisy
The Democratic National Alliance’s (DNA) leader yesterday said he was “amazed” that formerly illegal web shop operators were now themselves complaining about rogue rivals, charging that the Government had failed to achieve its objectives for the industry.
Unlicenced web shop blasts rivals concerns as ‘absolute nonsense’
The only web shop operator to have been denied a gaming licence yesterday blasted as “absolute nonsense” concerns expressed by legalised rivals over the legitimacy of his continuing operations.
Popeyes to add 80 jobs with new site
Popeyes Bahamas is investing more than $2 million to launch its second restaurant on Carmichael Road before year-end 2016, a move that is expected to create 80 jobs.
Fiscal Responsibility miss leaves doubt on Govt ‘turning tide’
The failure to deliver on the promised Fiscal Responsibility Act consultation has left the private sector doubting the wider Government’s “commitment to turning the fiscal tide”, the Chamber’s chairman says.
Outgoing Chamber chief: GB ‘by no means broken’
The Grand Bahama Chamber of Commerce’s outgoing president says the island’s economy is “by no means broken”, despite “the gut punch and setbacks” delivered by Hurricane Matthew.
Bahamas airspace talks ‘in two weeks’
A Cabinet minister said yesterday that negotiations with the US over reclaiming control of the Bahamas’ airspace are expected to resume in two weeks’ time, and that more “specifics” could emerge afterwards.
Baha Mar contractor ramps up to 400 staff
Baha Mar’s receivers yesterday said around 400 personnel from the project’s main contractor were on-site at Cable Beach, with efforts to restructure the project under new ownership likely to “bear fruit” soon.
IAN FERGUSON: How business can help combat crime’s causes
As we begin the festive season, our hopes and desires for a joyous holiday bring with them a heightened sense of fear of the lurking criminal element. The last 30 years of progress and development have also brought many social changes, which threaten to disrupt our civil and peaceful existence. Decent, law abiding consumers find great difficulty moving about to shop for the goods they desire during the season, and producers have even greater challenges ensuring a safe environment in which to sell their wares.
Auto dealers ‘take a bath’ from Matthew
New car dealers yesterday told Tribune Business they “really took a bath” in October, with sales “the worst” in recent memory due to Hurricane Matthew and the struggling economy.
Ex-minister the lead attorney for Baha Mar buyer
An ex-Cabinet minister is acting as the lead Bahamian attorney for the proposed Baha Mar buyer, Tribune Business can reveal, with the approval process for its acquisition said to be moving rapidly through the highest levels of Government.
Departing casino: GB tourism revival ‘may take months’
Grand Bahama’s departing casino operator has warned “it may take months” for the island’s tourism business to return to pre-Matthew levels, while uncertainty over its key hotel properties “could not have come at a worse time”.
