Sunwing deal 'madness' put all costs on taxpayer
Sunwing’s financial demands were yesterday branded “madness” by a Cabinet minister, who accused it of failing to deliver and forcing all costs on to the Bahamian taxpayer.Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business tha
'Significant' Bahamian cruise port ownership
The Government is seeking “significant Bahamian ownership” in Nassau’s new cruise port operator, which will have “a 25-year concession” to manage, develop and maintain the facility.Bidders have until Friday, December 7, to submit their offers after t
Disney rival's impact 'like night and day'
Disney’s Lighthouse Point rival says the difference between their respective projects’ economic impact is “like night and day”, despite push back from the cruise line’s supporters.Members of the Lighthouse Point Partners consortium told Tribune Busin
Bahamas won't see 'major upturn' over anti-crime regime
Global standard-setters are unlikely to grant The Bahamas “much improvement” despite major efforts to improve its anti-financial crime and terror financing regime, a local regulator has warned.Charles Littrell, the Central Bank’s inspector of banks a
'Tough decisions' ahead over ring fencing cease
The Bahamas has some “tough decisions” to make within the next few months on the financial services industry’s future, a former Bahamas Financial Services Board (BFSB) chairman is arguing.Michael Paton, pictured, a Lennox Paton attorney and partner,
Health Minister to address Exuma's Business Outlook
The Minister of Health will be the keynote speaker at this Thursday’s Exuma Business Outlook conference, which will be held under the theme, Creating a World Class Exuma.Joining Duane Sands, pictured, and Pedro Rolle, the Exuma Chamber of Commerce’s
Bahamas will fight 'discrimination' on financial regulation
THE Bahamas will fight against “discrimination” if higher financial regulatory standards are imposed on it compared to other countries, the Attorney General has vowed.Carl Bethel QC, addressing the Association of International Banks and Trust Compani
Sponge industry revival in full execution mode
Efforts to revitalise the Bahamian sponging industry are moving into the full implementation phase through an Inter-American Development Bank (IDB) sponsored project.“We have planted seeds in most of the islands where sponging happens, and equipped s
Sunwing scraps GB air schedule
Grand Bahama’s struggling tourism industry was yesterday forced to confront another “significant loss” of 30,000 annual visitors after Sunwing pulled the plug on its summer airlift initiative.
Severance offers for Lucayan staff imminent
The Grand Lucayan’s workforce will likely be cut by 50 percent through a voluntary separation (VSEP) exercise to launch around month’s end, the resort’s chairman revealed yesterday.
Freeport airlift problems 'can't hold us over barrel'
A Grand Lucayan board member yesterday called for The Bahamas to create its own airlift for Freeport, adding: “We can’t let anybody hold us over a barrel.”Carey Leonard, pictured, the former Grand Bahama Port Authority (GBPA) in-house attorney, told
Eleuthera targeting 'trifecta partnership' over Disney project
The Eleuthera Chamber of Commerce’s president yesterday called for “a much bigger partnership” between community, government and developer to maximise the Disney project’s benefits.Thomas Sands, speaking after last night’s Town Meeting on the propose
WTO to impact 20% of economy
THE Government will forego $40m in revenue under its first World Trade Organisation (WTO) offer, its chief negotiator suggesting that accession will impact just 20 percent of the economy.Zhivargo Laing, pictured, a former minister of state for financ
IAN FERGUSON: Why becoming "flat"is actually beneficial
A company’s structure goes a long way towards its success or failure. Some businesses prefer a “tall” organisational structure in which there are multiple layers of management - from top executives down to low-level managers and employees. Others ben
Non-profit foundation holds annual meeting
One Eleuthera Foundation (OEF), the non-profit that is offering a rival proposal to Disney’s plans for Lighthouse Point, held its Annual General Meeting (AGM) on September 29.The meeting updated members on OEF’s work and its strategic development pla
