BTVI chief: Skills gap has widened
The Bahamas Technical and Vocational Institute’s (BTVI) president is arguing that skills gaps within the Bahamian workforce have actually widened over the past decade based on recent survey results.Dr Robert Robertson, speaking to Tribune Business fo
DPM: Credit bureau to create 'truth in lending'
The deputy prime minister has voiced optimism that The Bahamas’ first-ever credit bureau will create “truth in lending” and help to open a “sluggish” credit market that has dampened economic growth. K Peter Turnquest, speaking at the bureau’s launch
Airport to seek extra fixed-base operator
Lynden Pindling International Airport’s (LPIA) operator is aiming to grow its revenue streams by seeking an extra fixed-base operator (FBO) after it broke the 4m passenger mark for the first time in 2019.The Nassau Airport Development Company (NAD),
GB airport in '$1 each' proposal
A proposal has been made for the government to acquire Grand Bahama International Airport by paying its existing owners $1 each then assume responsibility for its multi-million dollar rebuilding.Well-placed Tribune Business sources, speaking on condi
Sixty percent of firms say workforce 'uncompetitive'
Some 60 percent of Bahamian companies view the country’s workforce as “globally uncompetitive”, with a labour specialist affirming yesterday: “Everyone admits we have a challenge.” Peter Goudie, the National Tripartite Council’s vice-chairman, said
Bahamas back as 'least corrupt in the Caribbean'
The Bahamas yesterday regained its status as the least corrupt country in the Caribbean despite governance reform activists arguing that this “does not tell the full picture” on widespread graft.Matt Aubry, the Organisation for Responsible Governance
Caribbean rating agency entering Bahamas market
A Caribbean rating agency yesterday voiced optimism it can help Bahamian debt issuers raise capital at lower costs after being approved to offer its services in this nation.Wayne Dass, Caribbean Information and Credit Rating Services Limited (CariCRI
Bahamas must be an ‘Atlantic tiger’ over arbitration
The Bahamas must become the “Atlantic tiger” in arbitration and alternative dispute resolution (ADR) rather than staying a “Caribbean pussy cat”, a former Bar Association chief urged yesterday.
Correction
Tribune Business, in a January 23, 2020, article entitled Downtown chief pledges area’s transformation, reported that the Downtown Nassau Partnership’s (DNP) managing director, Ed Fields, would be leaving his post to join Global Ports Holding as an i
The 20 areas which leaders must impact
Research suggests that business success rests on impactful leadership. Leadership at all levels requires skill, passion and will. We now focus our attention on 20 competencies that 2020’s leaders must exhibit all year long in this first of a two-part
Minister hails 7.216m tourism arrivals record
A Cabinet minister yesterday hailed The Bahamas’ record 7.216m visitor arrivals in 2019 as another “very impressive” sign of the industry’s post-Hurricane Dorian rebound.Dionisio D’Aguilar, pictured, minister of tourism and aviation, paid tribute to
False sense of security' over devaluation risks
The Bahamas would likely be forced to devalue its currency if a Hurricane Dorian-type storm made a direct hit on New Providence, an economic observer is arguing. Dr Jonathan Rodgers, the well known eye-doctor, argued that the government and Bahamian
Small business drive gains $600,000 boost
The Small Business Development Centre (SBDC) has received a $600,000 grant funding boost for its mission to create and empower more Bahamian entrepreneurs. K Peter Turnquest, deputy prime minister, hailed the funding from the Inter-American Developm
Cable gets $31m less for US exit
Cable Bahamas’ top executive yesterday conceded the $31m drop in the price received for exiting the US was “warranted”, but said: “It’s still a massive return for investors.” Franklyn Butler, the BISX-listed communications provider’s chief executive
Cavalier's collapse sparks lien law call
The Bahamas Society of Engineers (BSE) president yesterday said Cavalier Construction’s collapse has again exposed the “critical” need to end a 25-year wait for construction industry lien laws. Quentin Knowles told Tribune Business that such legisla
