Bahamas trade deficit over $3bn
The Bahamas’ annual trade deficit expanded by 19 percent to over $3bn in 2017, as this nation’s merchandise import bill expanded by more than $500m.The Annual Foreign Trade Report, released this week by the Department of Statistics, revealed that imp
Land ownership woes exacerbating poverty
Land ownership challenges are exacerbating poverty in a country where one in six Bahamians are thought to suffer from “chronic hunger”, the government’s report to the United Nations (UN) reveals.The just-published report measuring The Bahamas’ progre
BAMSI hosts 50 teens on summer programme
The Bahamas Agriculture and Marine Science Institute (BAMSI) hosted almost 50 teenagers as part of its annual Summer Education Enhancement Discovery Series (SEEDS).The campers learnt about various food sources grown and harvested in The Bahamas. For
Port enables better employee feedback
The Grand Bahama Port Authority (GBPA) has introduced software that allows employees to provide anonymous feedback on ways to improve the business and its work environment.TinyPulse sends one question per week by email to be answered at any time over
VAT hike sparks 10% sales slump
A top food store chain yesterday revealed sales have fallen 10 per cent since the VAT rate hike, with this and other uncertainties forcing it to postpone further expansion plans.
AML Foods: 'distractions' added to 75% profit fall
AML Foods yesterday said its 75 percent fourth quarter profit decline will not become a long-term trend, as “distractions” resulted in margins and shrink heading in the wrong direction.Gavin Watchorn, the BISX-listed food retail and franchise group’s
Competition Bill 'answers prayers' over Bahamasair
A Bahamian airline principal yesterday pledged to “bring the first case” under proposed competition legislation, branding it: “An answer to my prayers”.Captain Randy Butler, Sky Bahamas’ chief executive, told Tribune Business that the draft Fair Comp
Dingman suffers double blow over restaurant failure
A Lyford Cay resident has suffered a double blow, after his attorneys withdrew over unpaid legal bills just as the fraud case relating to his collapsed Nassau restaurant empire revives.Jamie Dingman, son of late world-famous entrepreneur, Michael, wa
Contractor chief hails removal of 'cloak and dagger'
THE Bahamian Contractors Association’s (BCA) president yesterday hailed the new pre-qualification process for removing the “cloak and dagger” secrecy around public project bidding.Leonard Sands told Tribune Business that the new regime, unveiled by g
ART OF GRAPHIX: Designing traits for career success
Besides creativity and passion, what makes a graphic designer great? Some believe creative geniuses are born, while others feel creativity is a learned behaviour. But taking passion and understanding into account, there are many other factors involve
Bahamian adviser lists fund on bisx
A Bahamian investment adviser has listed its first international investment fund on the Bahamas International Securities Exchange (BISX).BISX yesterday announced that is pleased to announce that Class A shares in the Leno International Income Fund, p
Govt admits to 50% Customs leakages
The government has admitted to losing around 50 percent of due Customs revenues from inefficiencies in a system it is working feverishly to reform by eliminating manual processes.The confession is contained in the government’s own just-published revi
WSC faces $17m shortfall over ‘first world’ upgrades
The Water & Sewerage Corporation (WSC) is exploring “ways and means” to bridge a $17m funding shortfall on works critical to bringing its waste systems “in line with the first world”.
Bahamas' 16-spot internet plunge 'absolute non-issue'
The Bahamas’ 16-spot plunge to 65th in global rankings for broadband Internet speed was yesterday branded an “absolute non-issue”, despite being critical to its technology hub plans.Dr Donovan Moxey, who chaired the government-appointed Grand Bahama
Govt delivers on auto bond within weeks
Top auto dealers yesterday hailed the government’s quick execution of promised budget reforms for freeing up millions of dollars in cash flow and slashing vehicle delivery times.Rick Lowe, Nassau Motor Company’s (NMC) operations manager/director, tol
