Govt urged: 'Get a move on' over post-Dorian plan
The Abaco Chamber of Commerce’s president yesterday urged the government to “get a move on” in developing a comprehensive plan for the island’s post-Hurricane Dorian revival. Ken Hutton reiterated to Tribune Business that there will be no major impr
Unions back work permit 'understudy'
Union leaders yesterday gave their full backing to the “Bahamian understudy” proposal unveiled by the government’s labour chief, arguing that too many work permits are being issued unnecessarily.Obie Ferguson, the Trade Unions Congress (TUC) presiden
Xmas jewellery sales better than expected
Many Bahamian jewellery retailers shrugged off early holiday season pessimism to report “good” Christmas sales that beat 2018 figures by up to eight percent. Denise Cooper, area retail manager for Colombian Emeralds, told Tribune Business: “This is
Capital markets eye $200m ‘busiest year’
A top investment banker is predicting the Bahamian capital markets will have one of “the busiest years” ever in 2020 with around $200m worth of deals needing funding.
Minister vents on 'butt busting tourism hiccups'
The tourism minister has vented his frustration that “butt-busting” efforts to spark a post-Dorian rebound are being undermined by self-inflicted “hiccups” during the peak winter season.Dionisio D’Aguilar, pictured, told Tribune Business that “we rea
Harbour Island sees $5m dock 'backlash'
A Cabinet minister yesterday pledged that Harbour Island’s infrastructure needs will be neglected no longer even after a local “backlash” forced the government to suspend a $5m dock upgrade. Desmond Bannister, minister of works, acknowledged to Trib
Bahamas told: Target our marijuana 'niche'
The Bahamas needs to take a more scientific approach and “select our niche market” from 50,000 industrial hemp applications, an advocate for marijuana’s legalisation is urging. Terry Miller, head of the Bahamas Cannabis Research Institute (BACARI),
Digital B$ provider eyes 3% banking profits rise
The digital Bahamian dollar’s technology provider believes its roll-out can increase bank profits by three percent despite its US counterpart’s dominant role in circulating currency. Simon Kim, managing director of NZIA Ltd, speaking at the Project
Canadians planning 'clean technology' Bahamas visit
Canada’s High Commissioner has revealed plans for a “clean technology and infrastructure mission” to The Bahamas next month in the wake of Hurricane Dorian. Laurie Peters, pictured , who will address next month’s Bahamas Business Outlook conference
Dorian 'hangover' greater concern for Briland hotels
Harbour Island hoteliers say the post-Dorian “hangover” is a greater concern than the Christmas power blackout, with one resort voicing optimism it can “make up” a 16 percent January booking gap. Dean Spychalla, general director for Valentine’s Reso
Funeral provider gains $186k through SBDC
A Grand Bahama-based funeral services provider has obtained $186,000 in debt financing from the Royal Bank of Canada (RBC) by working with the Small Business Development Centre (SBDC). Le Pavillion, a cemetery and mausoleum service, is owned by Gran
Chamber eyes infrastructure 'bump up' following Briland
Harbour Island’s 72-hour Christmas blackout paves the way for discussions on how to “bump up” infrastructure improvements that are vital to Eleuthera’s growth, the private sector is urging. Thomas Sands, the Eleuthera Chamber of Commerce’s president
More than 75% of Exuma firms eager on digital B$
More than 75 percent of Exuma businesses have shown interest in participating in trials of the digital Bahamian dollar, the Central Bank’s governor says.John Rolle, speaking at the launch of the six-month “pilot test” on the island, said he had been
'Don't be a victim' over blacklistings
The Bahamas “must not take the victim approach” over its French blacklisting, a risk management specialist is warning, but instead set a ten-year “vision” for how financial services and tax will evolve. Emmanuel Komolafe told Tribune Business this n
Harbour Island's outage 'couldn't have been worse'
Furious Harbour Island hoteliers yesterday branded the 48-hour Christmas power outage “a disaster”, adding that it “couldn’t be any worse” with the island “packed to the teeth” with tourists. Benjamin Simmons, the Ocean View Club’s general manager,
