Customs system 'worst thing I have confronted'
Large Bahamian merchants and importers yesterday echoed broker concerns over Customs’ new digital platform, with one blasting: “This is the worst thing I have ever confronted.” Lance Major, in-house customs broker for the d’Albenas Agency, told Trib
Bahamasair flies into action over licence suspend
Bahamasair flew into action after it encountered regulatory turbulence in Canada to ensure the suspension of its charter licence lasted no longer than 24 hours. Tracy Cooper, the national flag carrier’s managing director, blamed an administrative er
Nassau/PI hotel room nights off 10% post-Dorian
Large Nassau/Paradise Island hotels endured a “tepid” October in the wake of Hurricane Dorian with revenues falling on the back of a ten percent decline in room nights sold. The Central Bank, unveiling its October monthly economic report, revealed t
'Bag man' revealed in Sarkis papers dispute
An accountant who sat on Baha Mar’s creditor payout committee has been exposed as the “bag man” who passed Sarkis Izmirlian’s confidential legal papers to the project’s main contractor.Legal filings by the $4.2bn project’s original developer have ide
BISX share index rises by almost 3%
The Bahamas International Securities Exchange’s (BISX) All-Share Index maintained its year-long climb by closing up 2.94 percent for the first nine months of 2019. The trend, which began in the 2018 fourth quarter, reversed the 4.82 percent decline
Bahamas hosting trade infrastructure workshop
The Bahamas is hosting a regional workshop focused on rebuilding quality infrastructure, which is especially timely in Hurricane Dorian’s aftermath. The three-day conference is concentrating especially on the area of trade, based on the framework pr
Retailers optimistic on strong Christmas sales
Bahamian retailers yesterday voiced optimism that a solid Thanksgiving showing will translate into strong Christmas sales as they ready for the most important season in the industry’s calendar. Margo Farrington, chief marketing officer for Lorene’s
PM to lead speakers for business outlook
The Prime Minister, Dr Hubert Minnis, pictured, will deliver the keynote address at the 29th Bahamas Business Outlook (BBO) conference when it takes place on January 16, 2020, at the Baha Mar resort.The conference’s theme is A new era: Resilience in
BTVI officials tour Orlando campus
A team of officials from the Bahamas Technical and Vocational Institute (BTVI) visited the Orlando campuses of Valencia College as they prepare to rebuild their facilities following Hurricane Dorian. The visit focused on learning how to build and eq
Development Bank new strategic plan
The Bahamas Development Bank (BDB) says it is developing a new Strategic Plan that combines objectives such as climate change mitigation with environmental sustainability and financial inclusion.Detailing what it describes as a major reform effort, t
‘Click2wait’ - brokers blast new system
Frustrated brokers have blasted Customs’ new system as “a dinosaur that has set us back 20 years”, resulting in lost business and a near five-fold increase in the time required to complete entries.
Cruise port: We will fight crime 'head on'
Nassau cruise port’s new operator last night pledged to lead a crack down on illegal activities at Woodes Rogers Wharf after a video showing a cruise ship tourist seemingly inhaling drugs went viral. Michael Maura, pictured , Nassau Cruise Port Ltd’
Digital payment sector differs on new licence bar
Digital payments solutions providers yesterday gave a mixed reaction to the Central Bank placing a year-long hold on issuing new licences to prevent the market becoming “over-saturated”.Harvey Morris, Omni Financial Services’ chief executive, praised
Dorian Recovery Zones may be facing disaster
The Grand Bahama Chamber of Commerce has slammed the confusion surrounding how the post-Dorian Economic Recovery Zones and their tax breaks, which took effect yesterday, will work. Greg LaRoda, the GB Chamber’s president, in a statement sent to Trib
Ministry's media drive aims to boost tourism
The Ministry of Tourism says it has scheduled multiple visits by social media influencers and travel writers to reinforce the message that The Bahamas is “open for business” post-Hurricane Dorian. The trips, which began in November and are scheduled
