$170m vehicle to 'surpass' Caribbean renewable lead
Bahamian investment will ultimately be sought in a $170m special purpose vehicle (SPV) that aims to “surpass” the government’s timeline for this nation to become “a Caribbean renewable leader”. An Inter-American Development Bank (IDB) report, which
Atlantis: 'Responsible wage increase' please
Atlantis wants “responsible wage increases” to be the outcome of the hotel sector’s industrial agreement negotiations, its top executive told thousands of staff yesterday. Audrey Oswell, the Paradise Island-based resort’s president and managing dire
Realtor chief urges further clarity over 'free' crown land
The Bahamas Real Estate Association’s (BREA) president yesterday urged the government to clarify its proposed “Crown Land giveaway” to facilitate post-Hurricane Dorian reconstruction.Christine Wallace-Whitfield, pictured, questioned whether persons b
Bahamas aviation boost in US deal
The Bahamian tourism and aviation industries are set for a further boost through this nation formalising its long-standing relationship with the US, a senior regulator revealed yesterday. Juliea Brathwaite-Rolle, head of the Bahamas Civil Aviation A
Insurers suffering Dorian 'loss creep'
Bahamian insurers are suffering from Dorian “loss creep” with initial damage assessments having to be revised upwards upon secondary inspections, a top executive said yesterday.Tom Duff, Insurance Company of The Bahamas (ICB) general manager, told Tr
Hundreds graduate from BahamasHost initiative
Hundreds of persons have graduated from the fall 2019 BahamasHost initiative that is designed to improve service and the guest experience in the tourism industry. Kirkland Pratt, BahamasHost’s director of industry training, said: “For the fall 2019
Fiscal Council delay on IMF training wait
The Fiscal Responsibility Council (FRC) has yet to give its recommendations and advice on the recently-unveiled Fiscal Strategy Report (FSR), the deputy prime minister confirmed yesterday. Speaking to Tribune Business outside the House of Assembly,
Insolvency conference attracts 140 specialists
Almost 140 persons attended a recent insolvency conference staged in The Bahamas by local and international bodies.The Restructuring and Insolvency Specialists Association (Bahamas) teamed with INSOL International to hold an event attended by 138 del
Pelican Bay rewards staff with getaways
Grand Bahama’s Pelican Bay Resort has rewarded staff for their efforts post-Hurricane Dorian by paying for two-day getaway breaks in either New Providence or south Florida. “The impact of Hurricane Dorian was undeniable; many of our staff were direct
Medical Centre grows to some 700 members
The Eleuthera Medical Centre says its membership has grown to 700 residents in the less than two years since its founding due to the addition of new services. Founded in partnership with the non-profit group, Eleuthera Community Healthcare initiative
Energy industry eyed for $80m post-Dorian boost
The Bahamian energy sector is being targeted for an $80m post-Dorian investment that seeks to combine better storm-resilient infrastructure with increased renewable energy penetration. Documents seen by Tribune Business reveal that the Inter-America
Developer interest sought over LPIA commercial offices
The Lynden Pindling International Airport’s (LPIA) operator has launched a formal bidding process to determine if third-party developers are interested in meeting demand for office space at its location. A Nassau Airport Development Company (NAD) sp
DPM: VAT relief for services 'too costly'
Eliminating VAT on services in the Dorian-hit islands would be difficult to police and too costly, the deputy prime minister said yesterday, while granting tax breaks to companies that do not need them. K Peter Turnquest, pictured , explaining the g
Bahamas must flip approach to WTO
The Bahamas should go “full steam ahead” in pursuing World Trade Organisation (WTO) membership through a private sector-driven approach that improves competitiveness, an attorney is arguing.
DPM: No monies for public sector minimum wage rise
The deputy prime minister yesterday revealed that the government has made no provision for a public sector minimum wage increase in this year’s Budget with Cabinet still discussing the issue.K Peter Turnquest, speaking ahead of the weekly Cabinet mee
