Cat Island can be ‘Abaco of south’
A two-time Bahamas Real Estate Association (BREA) president believes his father’s home island can “aspire to be the Abaco of the south”, and is willing to invest his own money to make this happen.
Cuba passed us ‘some time ago’
A Cabinet minister said yesterday it was too late to worry about the impact from Cuba opening up to US tourists, as research indicates that it surpassed the Bahamas “some time ago”.
Chamber urged ‘apolitical’ National Development Plan
A top private sector executive says the National Development Plan must remain apolitical , with Family Island development, access to capital, and skills and productivity development among the key concerns.
Fifteen seek Bahamas Chamber of Commerce Help Desk support
Fifteen companies have already sought support from the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) Help Desk, its chief executive arguing that the initial response confirmed small and medium-sized firms were desperate for assistance.
Hackers demand $30k from Bahamian bank
Hackers are trying to extort $30,000 from the Bahamas-based Fidelity Group of Companies, which yesterday moved to reassure clients there had been no widespread leak of personal financial data.
$1.29m Scotia theft an ‘appalling breach of employer’s trust’
Two former Scotiabank (Bahamas) employees were yesterday slammed for “an appalling breach of trust” in stealing more than $1.29 million from the bank, as their convictions were upheld.
‘Nothing could be further from truth’
The Bahamas Bar Association’s president yesterday slammed claims that the legal profession was operating ‘a closed shop’, adding: “Nothing could be further from the truth.”
Bank not obligated to provide further Baha Mar finance
Baha Mar’s $2.45 billion lender yesterday said the developer had contractually committed to financing any cost overruns on the project, and it was not obligated to provide further money.
Venture Fund ‘18 months behind’ due to money wait
The Government-sponsored Entrepreneurial Venture Fund is “about 18 months behind” where it wants to be, its chairman revealed yesterday, because the Christie administration has not provided it with fresh funding for more than a year.
IAN FERGUSON: Psyche tests give competitive edge
Business owners all agree that Russian roulette is not the game we play when selecting, recruiting, developing and retaining our employees.
Abaco must ‘fix product’ before 7,200 new arrivals
Abaco hotels were yesterday urged to “fix product issues” and costs prior to the Christmas season start of Delta Airlines’ twice-weekly Atlanta service, which promises to bring an extra 7,200 visitors to the island annually.
Five-fold higher infrastructure cost hurts Out Islands
An Abaco-based boutique resort owner yesterday said Family Island infrastructure costs that were more than five-fold greater than New Providence’s were “off the chart”, and really hurt economic development.
Tourism firms: 5% have majority post secondary labour
Just 5 per cent of tourism industry businesses employ workforces where more than half the staff are educated beyond high school, the Inter-American Development Bank (IDB) warning that skills mismatches could “cripple” the Bahamian economy.
Baha Mar: Chapter 11 end undermines ‘commercial viability’
A Baha Mar director yesterday warned that the termination of its Chapter 11 bankruptcy protection had undermined the $3.5 billion project’s “commercial viability”.
Gov’t blinded by China ‘love affair’ over Baha Mar
A Baha Mar director yesterday expressed frustration that “the Government couldn’t see we were being taken advantage of by China Construction America”, suggesting it had been blinded by its “love affair” with the Chinese.
