DPM: Coronavirus economic fall-out receiving scrutiny
The deputy prime minster yesterday revealed the government is “contingency planning” for the potential negative impact that the coronavirus may have on economic growth and fiscal projections. K Peter Turnquest, deputy prime minister, told Tribune Bu
Nassau/PI hotels enjoy 18% room revenues growth
Major Nassau/Paradise Island resorts shrugged off a modest one percent room revenue fall-off in December to post an 18 percent gain for the 2019 full year, it was revealed yesterday.
Govt earns '$50m net' from Lucayan disposal
The Hotel Corporation’s chairman yesterday blasted that critics of the government’s Grand Lucayan deal have been “left with egg on their face” as it prepares to receive a net $50m from the sale.Michael Scott, who also headed the resort’s board, told
Electricity, shipping delay hits Man-O-War recovery
Shipping delays and the absence of electricity are the major obstacles to Man-o-War Cay’s recovery from Hurricane Dorian. Jerome Petrisko, the Hibiscus Café’s general manager, told Tribune Business: “Man-O-War is recovering very quickly. Everyone is
Bahamas' sixth most expensive ranking not 'accurate portrayal'
The Central Bank’s governor says The Bahamas’ recent ranking as the world’s sixth most expensive country to live in is not an “accurate portrayal” of this nation’s cost of living. John Rolle, speaking during the Bahamian digital currency’s launch in
Small Business Centre in largest financing to-date
A Grand Bahama business has become the largest recipient to-date of financing arranged through the Small Business Development Centre (SBDC). Fowlco Marine and Logistics Management has obtained $500,000 to help repair its Dorian-impacted facilities,
Minister: GB poised for six-fold visitor increase
Grand Bahama is poised for a near six-fold increase in visitor arrivals from two projects that will be “the catalyst for tourism’s rebirth” on that island, a Cabinet minister revealed yesterday.Dionisio D’Aguilar, minister of tourism and aviation, to
‘Pushed into corner’ on Royal Caribbean deal
A Bahamian entrepreneur yesterday voiced fears that his $2m Paradise Island project is being “marginalised” and treated like “a second class citizen” to make way for Royal Caribbean.
AG: Entrepreneur 'extremely selfish'
The attorney general last night accused a local entrepreneur of “extreme selfishness” by rejecting a Paradise Island compromise that was “in the best interests of The Bahamas”. Carl Bethel QC told Tribune Business that it was an “absolutely untrue a
'Oversight' hits web shop patron taxation
A Cabinet minister says the government aims to correct an “embarrassing oversight” in failing to specify when the web shop patron winnings tax takes effect “within the next 30 days”. Dionisio D’Aguilar, pictured , minister of tourism and aviation, t
Minister in warning over forged cheque
A Cabinet minister has issued a warning to all businesses and individuals with checking accounts after his ministry summoned the Royal Bahamas Police Force (RBPF) to probe an alleged fraud. Dionisio D’Aguilar, minister of tourism and aviation, told
Payment providers roll-out Sand Dollar infrastructure
Digital payments providers have already unveiled kiosks and other infrastructure in Abaco to aid the Bahamian digital currency’s roll-out. Sean Smith, SunCash’s business development manager, told Tribune Business: “The kiosk is going to allow person
Bahamian digital dollar to boost finance crime fight
The Central Bank’s governor says the Bahamian digital dollar will “strengthen defences against money laundering and other financial crimes” because every transaction can be tracked and recorded. John Rolle, speaking at Project Sand Dollar’s Abaco la
Student award winner gets CFAL investment account
The winner of the financial services Student of the Year Award has again won an initial contribution towards an investment account at CFAL. The Bahamian investment house, together with the Bahamas Financial Services Board (BFSB) and the University o
Charter show numbers beat projections by 50%
The first-ever Bahamas Charter Show exceeded the number of expected participants by more than 50 percent, organisers have revealed.Dr Kenneth Romer, the Ministry of Tourism’s executive director of product quality and support, told Tribune Business: “
