Local Business

Subscribe

Tease photo

NAD revealing vision for better experience

The Nassau Airport Development Company (NAD) is introducing a new vision, branding and special offers from its retail/restaurant tenants to improve traveller experiences at the nation’s largest airport.“When people think of travel, the first thing th

Hotel union: We've sent the message

The hotel union’s president is “confident the message has been sent” despite Atlantis obtaining an emergency Supreme Court injunction to prevent further picketing or industrial action.Darrin Woods, the Bahamas Hotel, Catering and Allied Workers Union

Bahamas signs UK trade deal

The Bahamas has become the latest Caribbean nation to sign a regional trade agreement with the United Kingdom as that nation continues its preparations to exit the European Union (EU). The new Economic Partnership Agreement (EPA) between members of

Scotiabank named as Bahamas leader

Scotiabank says it has been named as The Bahamas’ “Bank of the Year 2019” by The Banker magazine, a Financial Times publication. “We are proud of the initiatives launched during the past year, which will provide customers with more convenient and ef

Tease photo

Capital demand may strain $120m market

A leading investment banker yesterday warned that the increasing competition for capital involving both the Government and private sector could leave some deals “unfunded” over the next 18 months.

Tease photo

Atlantis gains court bar on union action

Atlantis last night obtained an emergency injunction to prevent further industrial action by the hotel union following yesterday’s picketing that hit an industry trying to rise from its “knees” post-Dorian. Tribune Business understands that the Supr

Auditor General: Scholarships did not follow process

Government officials have admitted that Ministry of Education scholarships are awarded to persons who do not go through the proper approval process or meet application deadlines.

Tease photo

Shell deal still ‘very much live’

A Cabinet minister yesterday asserted that the deal for Shell’s new power plant “is very much live” despite Bahamas Power & Light (BPL) seemingly making a $70m investment on its behalf.

Tease photo

Oil explorer in New Year local investor fund

A Bahamas-based oil explorer yesterday pledged to set-up an investment fund in the New Year that will give Bahamians access to the potential “fortune of hydrocarbons” from its activities. Simon Potter, the Bahamas Petroleum Company’s (BPC) chief execu

Summit to honour three Bahamians

Three Bahamians will be honoured at Hubert Edwards Global Success Summit 2019, which will be held tomorrow. Barry Rassin, the first Bahamian president of Rotary International; Ricardo P. Deveaux, founder of the Primary School Student of the Year Awar

IAN FERGUSON: A healthy employee is a productive one

Awareness of mind and body wellness has had a noticeable impact on the corporate landscape over the past few decades. More and more businesses, both large and small, have been integrating a holistic approach to wellness and productivity for their emp

'Sliding scale' VAT break on post-Dorian property sales

VAT breaks on real estate sales in Dorian-devastated Abaco and Grand Bahama will be based on a sliding scale that is capped at 50 percent of the total tax due, a senior official said yesterday. Gaynell Rolle, acting controller at the Department of I

Keeping the wood crafting dream alive

The widow of Bahamas Woodcrafters’ founder is working with company staff to keep his 22-year dream alive by making it the leading business in the industry.Alexander Baxter opened the creative wood crafting business in the Soldier Road Industrial Park

'Six main' Dorian tax reliefs ready

Residents and businesses in the Dorian-hit islands will be able to access “six main” tax reliefs when the Government’s special economic recovery zones take effect this Sunday.Gaynell Rolle, the Department of Inland Revenue’s acting controller, detail

Tease photo

Blaze ‘cover up’ over $400k loss

A Bahamian accounting firm was struck by a suspicious fire just as it began an internal probe that led to an employee pleading guilty to defrauding the Government’s housing initiative of $283,264.