Minister 'apologises' for Abaco omission
The tourism minister yesterday apologised for his ministry’s decision to remove the Abacos from its marketing platforms, and vowed to switch to more “specific” messaging about the islands. Dionisio D’Aguilar, minister of tourism and aviation, conced
Furniture store grows into its third location
A Bahamian-owned outdoor furniture store is expanding to its third location less than three years after opening its Sandyport outlet.Oasis Furniture has extended its footprint to Eleuthera by collaborating with Governor’s Harbour-based Bahama Hand Pr
Customs has 'weathered many storms', says DPM
The deputy prime minister has praised the Customs Department for “weathering many storms” such as the criticism it faced over its electronic Click2Clear goods clearance system. K Peter Turnquest, speaking at its awards ceremony, also reminded the De
US hails Bahamas air agreement as 'win-win'
A top US official yesterday hailed the signing of an air transport agreement with The Bahamas as a “win-win” situation that paves the way for increased airlift and economic growth in both countries.David Short, the US Department of Transportation’s d
Protected Areas Fund in $1.1m german Grant
THE Bahamas Protected Areas Fund (BPAF) will receive $1.1m from the German government to aid with post-Hurricane Dorian recovery and environmental damage assessments. The Bahamas is normally disqualified by its relatively high per capita income from
100m tax ‘rebate’ in doubt
Hurricane Dorian’s financial fall-out has placed the government’s plan to return $100m to the Bahamian people through “significant tax cuts” in doubt, the deputy prime minister has revealed.
Economy 'running on 30% efficiency'
The Bahamian economy is “running on 30 percent efficiency” because of its public education woes, a governance reformer has warned, arguing that these have placed “the entire nation in peril”. Robert Myers, the Organisation for Responsible Governance
Outrage at Abaco tourism omission
A furious South Abaco tourism business is blasting the Ministry of Tourism for “scrubbing” the island’s portal from its website, arguing that this threatens “to tear us down even further” post-Dorian.
Bahamas in Fintech 'first for Caribbean'
Corporate loan rejection rates in The Bahamas are double those in other Caribbean countries, it has been revealed, resulting in financial technology (Fintech) being deployed to boost capital access. An Inter-American Development Bank (IDB) paper on
Climate change 'reverse' for real estate valuations
A Bahamian realtor says climate change is reversing real estate market values “back to the era of our grandparents” with an emphasis on elevated locations away from the coast. Monica Knowles, a top producer at Bahamas Realty, argued that the impact
Oil explorer seeks approval to open to small investors
A Bahamas-based oil explorer and its advisers last Thursday submitted a formal request for regulatory approval to open their £2m mutual fund to investments by small Bahamian retail investors.Brian Jones, managing director of Leno Corporate Services,
UK indicates support for Bahamas' 'Blue Economy'
The British High Commissioner has indicated that the UK will likely support The Bahamas’ efforts to develop the so-called “Blue Economy” and greater use of technology in agriculture. Sarah Dickson shared her government’s potential backing when she p
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),
