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
Small Business Centre eyes month's end for first funding
THE Small Business Development Centre’s (SBDC) executive director yesterday said she expects to have the first set of entrepreneurial business plans submitted for funding by month’s end.Davinia Blair, pictured, told Tribune Business she was “amazed”
Electric car charging key to Freeport's 'smart city'
Freeport is moving to become a “smart city” through its utilities supplier’s $15m renewable energy investments, including electrical car charging stations that will be rolled out in early 2019.Delano Arthur, of the Grand Bahama Power Company (GBPC),
NAD's $125m debt refinance a 'win-win'
Nassau’s airport operator is exploring a $125-$130m debt refinancing that could produce “a win-win for everybody”, a Cabinet minister revealed yesterday.Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business that the move was des
BNT: $10m costs make Albany-type deals imperative
The Bahamas National Trust (BNT) yesterday said the $10m annual operating costs for this nation’s national parks meant it had no choice but to seek private capital backing.
Minister: FNM 'better managers of economy'
Business confidence is growing because the Free National Movement (FNM) is viewed as “better managers of the economy and the Government’s finances”, a Cabinet minister said yesterday.Dionisio D’Aguilar, minister of tourism and aviation, told Tribune
Checkers to create 40 jobs with fifth location
A well-known Bahamian restaurant chain yesterday said it is investing $3-$4m to create up to 40 jobs at its “futuristic” fifth location, saying: “We have to keep up with the trends.”
BOB: Renewed confidence will ‘wane’ if no plan
Bank of The Bahamas was yesterday urged to release a detailed revival strategy at its upcoming shareholders’ meeting otherwise confidence created by its return to profitability will “wane”.
