World bank drops Bahamas 'ease of doing business' ranking
AS THE World Bank has dropped The Bahamas a spot in its ease of doing business rankings, Deputy Prime Minister K Peter Turnquest has called its assessment a “misunderstanding”.The Bahamas has dropped one notch in the ease of doing business rankings -
Top realtor: 'Not enough affordable housing'
A top realtor has expressed concern over the high cost of homes in The Bahamas - and a shortage of affordable housing, saying: "The cost of owning the Bahamian dream of having your own home is far outpacing the majority of Bahamians because in today's economy affordable housing just doesn't exist."
Cooper calls for 'czar' to handle business reform
Progressive Liberal Party deputy leader, Chester Cooper, has called for a “czar” to spearhead the government’s attempts to improve the ease of doing business in The Bahamas.At the same time Mr Cooper also said government funding to help small and med
IDB to host digitisation workshop for govt project
THE Inter-American Development Bank (IDB) will be hosting a kick-off workshop for the government’s new digitisation project unit next month. Minister of State for Grand Bahama Kwasi Thompson said the workshop will be held November 11-15. The project
Straw Market Authority 'heartless' for stall closures
“HEARTLESS and unjust” is what the Straw Business Persons Society is calling the “arbitrary” October 14 holiday closure of more than 190 stalls by the Straw Market Authority (SMA).In an open letter sent to Prime Minister Dr Hubert Minnis and Deputy P
Central Bank governor: 'The system needs time to recover'
CENTRAL Bank governor John Rolle said yesterday that banks should have comfortable amounts of capital to absorb losses from Abaco and Grand Bahama storm damage - but only “may” be able to withstand losses if a comparable storm was to hit New Providen
Baha Mar to host regional tourism event
Baha Mar is to a host major regional tourism event in January in conjunction with the Caribbean Hotel and Tourism Association (CHTA).
Maynard: Only third world countries use BPL engines
Only third world countries use the type of engines used by Bahamas Power and Light (BPL), said Bahamas Electrical Workers Union president Paul Maynard.Mr Maynard was responding to a video by BPL’s chief executive officer, Whitney Heastie, and an arti
Exuma chamber chief calls into question the 'exploitation' by government systems
THE president of the Exuma Chamber of Commerce, Pedro Rolle, has hit out “exploitation” from the system of governance in The Bahamas.Speaking at this year’s Exuma Outlook yesterday, Mr Rolle said: “For a number of years now, we’ve been proclaiming th
Fresh Market introduces charging for electric cars
A CHARGING station for electric cars has been installed at Solomon’s Fresh Market in Old Fort Bay. The station was recently installed in the parking lot at the store, allowing shoppers to charge their electric cars while they shop. Renea Bastian, vic
Govt launches new port compliance unit
A COMPLIANCE unit has been set up to focus on ship and port security. The Ministry of Transport and Local Government launched the International Ship and Port Security (ISPS) Compliance Unit on Tuesday. It aims to provide oversight of the internatio
IAN FERGUSON: How you can practice better corporate citizenship
Most companies have engaged in some form of corporate social responsibility over the course of their business lifespan. Good corporate citizenship means that, in the normal course of business, a company is operating in ways that enhance society and t
Chamber chief: Baker's Bay lay-offs 'temporary'
REDUNDANCIES made at Baker’s Bay Golf and Ocean Club are only temporary, insisted Abaco Chamber of Commerce president Ken Hutton, pictured, yesterday.Speaking to Tribune Business, Mr Hutton said there were no lay-offs at the club, only temporary redu
Businesses urged not to miss out on Canton Fair
Subscriptions to the Canton Fair-China Export and Import Fair 2020 being organised by the Chamber of Commerce and Employers Confederation is low, says chief executive Jeffrey Beckles.Mr Beckles said that he feels that everyone is currently pre-occupi
Beckles: Dorian presents opportunity to 'build on for the future'
There are significant opportunities following Hurricane Dorian, says Chamber of Commerce and Employers Confederation chief executive Jeffery Beckles.Mr Beckles said while Dorian has inflicted serious damage, it has also provided significant opportuni
