Bahamian entrepreneurs in services export insight
The Small Business Development Centre (SBDC) teamed with the Caribbean Export Development Agency (CEDA) to host a global export workshop for entrepreneurs. The three-day workshop, titled Services Go Global , was conducted by Dr Nsombi Jaja, a CEDA c
Govt: No VAT on insurance claims
The Ministry of Finance’s top official yesterday said it had moved swiftly to “pre-empt” erroneous social media claims that VAT is being charged on Dorian claims payouts. Marlon Johnson, acting financial secretary, told Tribune Business that the min
$44m Exuma airport 'to tender in two weeks'
A senior government official yesterday said the works package for the $44m redevelopment of Exuma International Airport will be put out to tender within the next two weeks.Algernon Cargill, director of aviation, told Tribune Business ahead of next we
Technology enhances Dorian damage study
The National Emergency Management Agency (NEMA) and the Ministry of Public Works are employing new technology to conduct building damage assessments in the Dorian-hit islands. “In the past, data collection was a tedious process; information was coll
Cruise lines unveils Nassau hotel options
Bahamas Paradise Cruise Line says travel advisors can offer clients sailing with it the option of staying at multiple Nassau hotels following the launch of its latest itinerary. The cruise line said the all-inclusive Meliá Nassau Beach Resort at Cab
Tourism eyes New Year 'bounce back'
The Bahamas is on target for a New Year “bounce back” post-Dorian with first quarter stopover tourists up two to four percent compared to 2019’s record, a Cabinet minister revealed yesterday. Dionisio D’Aguilar, minister of tourism and aviation, tol
Cruise line: 25% of passengers in Nassau overnight
A cruise line yesterday projected that up to one-quarter of its 250,000 annual passengers will “overnight” in Nassau hotels after making its first voyage to the Bahamian capital. Francis Riley, Bahamas Paradise Cruise Lines’ senior vice-president of
Fidelity 'can be proud' of return on affiliate sale
Fidelity Bank (Bahamas) “can be proud” that it nearly doubled the value of its investment in exiting its former merchant bank affiliate, a top executive said yesterday. Gowon Bowe, pictured , the BISX-listed institution’s chief financial officer, to
IMF slashes Bahamas GDP growth by 50%
The International Monetary Fund (IMF) yesterday slashed The Bahamas’ 2019 growth forecast by 50 percent, and projected the economy will contract next year, due to Hurricane Dorian.Unveiling its latest World Economic Outlook report, the Fund said this
Govt unveils 'fundamental reset' for public contracts
The government last night unveiled draft legislation representing a “fundamental reset” of its public procurement processes in a bid to save taxpayers millions and aid small businesses.Marlon Johnson, the Ministry of Finance’s acting financial secret
Cruise industry 'accelerates' $455m projects post-Dorian
The cruise industry has pledged to help “broadcast the message that most of The Bahamas is open” after raising $8m for Hurricane Dorian relief and recovery efforts. The Florida-Caribbean Cruise Association (FCCA), in a statement, said its member lin
Telethon planned to assist Dorian relief
The Bahamas Chamber of Commerce is teaming with Rotary Bahamas to stage a November 30 telethon that will raise “an aggressive amount” for Hurricane Dorian relief. Krystelle Rutherford-Ferguson, the Chamber’s chairman, said the effort - part of the b
RoyalFidelity: $1bn goal as 'Caribbean's premier'
RoyalFidelity is now focused on becoming “the premier Caribbean investment bank and wealth manager” after its management-led buyout closed last Wednesday, its president has revealed.Michael Anderson, pictured, confirming that all necessary regulatory
Top Abaco food store to re-open with 40% of staff
Abaco’s main supermarket will re-open “within two weeks” with just over 40 percent of its pre-Dorian staff, as one of its principals said: “I’ve never seen devastation like that in my life.”Rupert Roberts, the Super Value chief, told Tribune Business
Govt finances face 3-year Dorian blow
Hurricane Dorian will likely throw the government’s finances off-track for the next three years, the deputy prime minister has revealed, although its fiscal “fundamentals” have not altered.K Peter Turnquest told Tribune Business that a “three-year ru
