Local Business

PI developer slams gov’t for Crown Land lease

THE businessman fighting to develop part of Paradise Island has accused the government of siding with Royal Caribbean Cruise Line’s plans for a five-star beach club on the island that would devastate his plans.

IDB report: Bahamas had ‘negative return on investments in 2020’

The Bahamas had a negative return on investments in 2020 despite having forbearance and financial support measures for non-performing loans during the COVID-19 pandemic, says an Inter-American Development Bank report.

No minimum wage increase without NTC decision, says Commerce director

A Chamber of Commerce director said no increase to the minimum wage should happen unless it comes through the National Tripartite Council (NTC).

IAN FERGUSON: Coping with Workplace Death

This entire week and month has been filled with death and sickness in our country and abroad. COVID-19 and the variants which must have penetrated the Bahamian bubble, have wreaked havoc in the lives of so many. We must all pay attention to the fact that young people have succumbed to the virus - young people who would be normally contributing to the work environment.

Leading health insurer rebounding from 2020 COVID fallout

A BISX health insurer disclosed that the company is rebounding from the 2020 COVID-19 fallout with a near 2,000 percent net investment income increase for the first six months of this year.

Douglas: Andros set to take its place in tourism industry future

A SENIOR Andros manager in the Ministry of Tourism is “excited” for the future of the industry and believes community based tourism is where we need to head.

SBDC plans to launch own crowd-funding platform

A SMALL Business Development Centre (SBDC) executive told the Andros Business Outlook yesterday that plans for the agency to launch its own crowd-funding platform are in development and will be launched “really soon.”

CBL exec. praises company’s healthcare web portal

A Cable Bahamas Ltd (CBL) executive yesterday praised the company’s virtual healthcare assistant – “Patch” – as a major tool in helping businesses monitor the COVID-19 pandemic.

D’Aguilar: Bahamas COVID numbers ‘a lot better than the United States’

TOURISM Minister Dionisio D’Aguilar yesterday acknowledged the Bahamas’ COVID-19 numbers are high but still better than in the US which has raised our travel advisory status to Level 4.

‘Higher prices coming in October,’ says Super Value president

Super Value’s president said higher prices are coming to stores in October, but he will do the best he can to keep prices from getting out of control.

Commerce director concerned about state of BPL

A Chamber of Commerce director has voiced her concerned about Bahamas Power & Light (BPL) being left in limbo during the election season, with no Rate Reduction Bond (RRB) and no execution of the Shell North America power plant deal.

BTC appoints first female Director of Technology Operations

BTC has appointed Shantell Cox-Hutchinson to the position of Director of Technology Operations. Shantell is the first woman to lead this function and brings almost two decades of vast experience in the fields of technology, innovation and finance.

Bahamas placed on Level 4 ‘do not travel’ list by US

THE Bahamas Hotel and Tourism Association’s (BHTA) president called it “regrettable” that the US has placed The Bahamas on its Level 4 “do not travel” list.