Dorian 'recovery zones' ready by November 11
The deputy prime minister yesterday said the post-Dorian Economic Recovery Zones should be “completely up and running” by November 11 following a declaration by the Prime Minister. K Peter Turnquest said: “We hope to be in position to have the Prime
First firms receive Dorian grant funds
Eight Bahamian companies yesterday received grants from the Small Business Development Centre (SBDC) to help kickstart their post-Hurricane Dorian rebuilding efforts.Fowlco Ltd; Painters Touch (Bahamas); Continuum Financial Holdings; ETP Industrial O
Sebas to address BTC small business forum
The Bahamas Telecommunications Company (BTC) will close its small business month with today’s first annual small business conference. Titled BTC InKnowVation, powerful real-world business solutions , it will feature a number of local and internation
Dealers hope 28% rise ends 'roller coaster hell'
New auto dealers yesterday voiced optimism that the industry’s 28.1 percent sales increase for the year to end-September indicates “one hell of a roller coaster ride” has finally ended. Rick Lowe, the Bahamas Motor Dealers Association’s (BMDA) secre
'Spiking message': Tourism board raises marketing 15%
The Bahamas’ main tourism promotion board yesterday said it had increased its marketing spend by 15 percent to “spike the message” that this nation remains open post-Hurricane Dorian.Fred Lounsberry, the Nassau/Paradise Island Promotion Board’s chief
BOB signs deal to sell $103m trust business
Bank of The Bahamas has signed a deal to sell its $103m trust portfolio, the BISX-listed institution’s just-released 2019 financial statements have revealed.Virtually no details are provided about the sale, such as price and buyer identity, other tha
Container port operator $600k ahead of target
The Nassau Container Port’s operator beat the profits forecast for its 2019 financial year by some 8.4 percent or almost $600,000, its just-released financial statements have revealed. Arawak Port Development Company (APD), the BISX-listed manager f
Govt urged: 'Dust off' National Plan to solve our woes
An ex-Chamber of Commerce director yesterday urged the government to rapidly “dust off” the National Development Plan, arguing: “It is 100 percent the solution to the issues we are facing.” Roderick Simms, pictured , who previously chaired the organ
$250m transformation from 'break even' port
A Cabinet minister yesterday described Nassau’s cruise port as a “break even operation” as Parliament debated legislation to facilitate its $250m transformation.Renward Wells, minister for transport and local government, said the Harbour Dues Amendme
BTC expands GB restoration teams
The Bahamas Telecommunications Company (BTC) yesterday said it has expanded its Grand Bahama recovery team as it seeks to fully restore communications services to the island. Besides restoring landline, internet, TV and mobile services, BTC added th
NIB staff seek court order for strike poll
National Insurance Board (NIB) employees will today seek a Supreme Court ruling that the minister of labour acted illegally when he cancelled their strike poll last week. Obie Ferguson, attorney for the Union of Public Officers which represents NIB
NIB moves to combat contribution backlog
The National Insurance Board (NIB) yesterday unveiled a new digital upgrade aimed at eliminating bottlenecks such as the recent 266,000-strong contribution backlog. The social security system announced the launch of the Employer’s Self-Service (ESS)
Bahamas promoted at Florida art show
The Bahamas this weekend used an annual art show in Fort Lauderdale to continued to market itself as open for business post-Dorian. Hosted by Howard Alan Events, the show took place from October 19-20 on Las Olas Boulevard with hundreds of exhibitor
'Negligent' BOB defeats ex-minister's $6m default
Bank of The Bahamas has defeated an ex-Cabinet minister’s bid to enforce a $6m default judgment against it despite being branded “careless and negligent” in its approach to the case. Stephana Saunders, the Supreme Court’s deputy registrar, found tha
Marina operator fears over boating fee hikes
Bahamian marina operators yesterday warned that proposed boating fee hikes will “definitely put people off” despite the government cutting some levies by up to 60 percent.Peter Maury, the Association Of Bahamas Marinas’ (ABM) president, told Tribune
