Brewery profits increase 10% on election boost
A general election boost and product innovation drove a ten per cent profit increase for Commonwealth Brewery last year to $18.8m.Unveiling its results for the 12 months to end-2017, the Kalik and Heineken brewer enjoyed a 13 per cent year-over-year
Bahamas to host Caribbean's main aviation forum
The Bahamas will host the Caribbean’s largest aviation conference this June, bringing together major players from the sector and tourism industries for three days of discussions.The third annual Caribbean Aviation Meet-up is scheduled for June 12-14
Development Bank cuts losses by 43%
The Bahamas Development Bank (BDB) cut its losses by 43 per cent last year, the Deputy Prime Minister has said, as he urged entrepreneurs to “take another look” at the institution.K Peter Turnquest, speaking at a press conference to highlight the BDB
Bahamas represented at finance crime forum
Three Bahamian executives represented this nation at the Financial Action Task Force’s (FATF) annual Private Sector Consultative Forum (PSCF) that deals with fighting financial crime.The Forum, held from 23-24 April, 2018, was hosted by the United Na
PM, officials at odds over fishing ‘debacle’
The Prime Minister and senior officials are at odds over whether the controversial flats fishing regulations have been suspended, amid fears the situation is becoming an “all-around debacle”.
Bahamas being 'led to slaughter' too far, too fast
The Bahamas is moving too far, too fast to satisfy international demands, a former finance minister warned yesterday, adding: “We’re kind of being led to the slaughter.”James Smith, pictured, also an ex-Central Bank governor, told Tribune Business th
Eleuthera developer mulls subsidiary's IPO
An Eleuthera real estate developer is mulling an initial public offering (IPO) for one of its subsidiaries amid plans to accelerate the build-out of various assets.Erma Carey, secretary of Eleuthera Properties, the Cotton Bay and Jack’s Bay Club deve
Fly fishing chief fears 'complete decimation'
A fly fishing lodge chief yesterday warned the industry will be “completely decimated” if its controversial regulatory regime remains in place.Clint Kemp, the Bahamas Fly Fishing Lodge Association’s president, told Tribune Business that many foreign
Harbour Island power woe: 'All is not lost'
A Cabinet minister yesterday pledged to “shore up” Harbour Island’s electricity shortfall before summer, pledging that “all is not lost” in solving the destination’s 30-year power woes.Desmond Bannister, minister or works, told the Eleuthera Business
GB small businesses seek big company ties
Grand Bahama’s small businesses met with three major companies at a Business-to-Business Expo yesterday in a bid to generate new commercial opportunities.Senator Kwasi Thompson, previewing the event, said it was a partnership with the Grand Bahama Ch
IAN FERGUSON: Accommodating our female 'go-getters'
Women have been fully engaged in the Bahamian workforce for more than three generations now. In many cases, women have taken the lead in sectors historically known to be dominated by men. They have become trend setters and go-getters, establishing ne
Investors 'pitch' to potential funders
The Business and Marketing Community Institute (BCMI) held two “pitch days” to allow budding entrepreneurs to seek funding from its Board.The event, called “Your Investors Link”, was held on Friday, March 16, at the Bahamas Chamber of Commerce, and o
Tourism's output to grow 3.4% in 2018
THE tourism industry’s contribution to Bahamian GDP is forecast to grow by 3.4 per cent to $1.784 billion in 2018, as the sector shrugs off the impact of recent hurricanes.Tourism’s benefits were discussed at last week’s 63rd regional meeting of the
'Not a single bribe demand is probed'
Corruption is “rooted in the fabric of Bahamian society”, a survey unveiled yesterday revealing that zero action was taken over the 6 per cent of bribery demands reported to authorities.Transparency International’s Global Corruption Barometer survey
DPM pledges 'most stringent controls' on ownership registry
THE Deputy Prime Minister yesterday promised that the proposed Beneficial Ownership registry will have “the most stringent controls”, amid industry concerns over the lack of prior consultation. K P Turnquest told Tribune Business that it was “not an
