Central Bank missed $2bn liquidity head-off
The Central Bank could have headed-off its $2bn bank liquidity concerns had it advised the Government against heavy foreign currency borrowing, an ex-governor argued yesterday.James Smith, also a former finance minister, told Tribune Business that it
Landfill manager wait 'disturbing'
A Bahamian environmental activist yesterday branded the lack of transparency surrounding the selection of a new manager for the New Providence landfill as “very disturbing”.Sam Duncombe, reEarth’s president, spoke out yesterday following the passage
Freeport 'game changer' must assess all options
The Grand Bahama Chamber of Commerce’s president yesterday said “any option is worth considering” to re-open the Grand Lucayan given its status as Freeport’s “game changer”.Mick Holding acknowledged that with hundreds of jobs and businesses dependent
Aviation chief warnson govt 'overreach'
A well-know Bahamian airline executive yesterday warned against potential government “overreach” and “demoralisation” of the aviation sector as the Government bids to crack down on rogue operators.Sky Bahamas chief executive, Captain Randy Butler, pi
Business Centre seeks first advisors
The newly-launched Small Business Development Centre (SBDC) will today begin the search for its first Senior Business Advisor (SBA).Davinia Blair, the centre’s executive director, is laying the platform for the SBDC’s momentum ahead of its official l
Co-operatives students 'epitomise' youth goals
A Cabinet Minister has heralded the 29 participants in the Department of Co-operatives’ Development Summer Camp for “epitomising” the government’s youth development goals.Michael Pintard, minister of agriculture and marine resources, said: “This grou
Fishermen 'not in high spirits' for crawfish start
BAHAMIAN fishermen were said yesterday described as “not in high spirits” for the start of the 2018-2019 crawfish season, amid multiple poaching-related arrests and seizures during the closed season.Keith Carroll, vice-president of the Bahamas Commer
Out Island hotels see mixed figures
OUT Island resorts have seen increases in room revenue and room nights sold year-over year, the Promotions Board’s (BOIPB) executive director said, although occupancies are “rather dismal”. “If I look at the fiscal year just completed, July 1, 2017,
Govt buying Grand Lucayan?: 'No fear'
Hotel workers “have no fear” over the government’s potential Grand Lucayan acquisition, a union leader yesterday saying it will “never allow” the resort’s closure.Michelle Dorsett, president of the Commonwealth Union of Hotel Services and Allied Work
'Nothing but great benefits' for output gap
A labour specialist yesterday expressed hope that legislation for a National Productivity Council will be ready by Parliament’s September return, with the initiative bringing “nothing but great benefits for The Bahamas”.Peter Goudie, one of the priva
Deficit $100m below target one month out
The government’s fiscal deficit was more than $100m below the full-year 2017-2018 target with just one month to go, the Central Bank of The Bahamas revealed yesterday.The regulator’s June economic developments report disclosed that the deficit for th
Airbnb bookings soar 37% in June
Airbnb bookings in the Bahamas soared by 37.3 percent for June 2018, with occupancy rates exceeding comparable hotel listings as the sector’s popularity continued to grow.The Central Bank of the Bahamas report on June’s economic developments disclose
Govt's Grand Lucayan purchase 'only option'
Purchasing the Grand Lucayan resort is the “only option” available to the Government, a former Port Authority (GBPA) attorney argued yesterday, as its closure has “gone on way too long”.Carey Leonard, the former GBPA in-house counsel, told Tribune Bu
Minister targets hotel investment
The Minister of Tourism has told attendees at a major resort industry conference that “when it comes to investing, it’s ‘Better in The Bahamas’”.Dionisio D’Aguilar was addressing a luncheon during the 22nd annual International African-American Hotel
Realtors turn out for $100m development
The Bahamian real estate industry turned out in force last week for Palm Cay’s reception for its $100m One Marina project, which features 84 luxury condos overlooking a marina.“Inventory is always a major concern for real estate agents and brokers, s
