'Slight delay' for Grand Lucayan deal closure
Fears that the Government’s $65m Grand Lucayan purchase is illegal were yesterday slammed as “inane” and “irrelevant”, although the deal’s closing may be “slightly delayed”.Michael Scott, chairman of Lucayan Renewal Holdings, the special purpose vehi
'Unshackle' 10% of NIB assets for SMEs
The Opposition’s deputy leader has called for an “orderly unshackling” that will allow the National Insurance Board (NIB) to allocate ten percent of its assets to financing “start-up” businesses.Chester Cooper, pictured, in an address to the Progress
Moving renewable energy ‘beyond talk’
Bahamas Power & Light’s (BPL) production of an Integrated Resource Plan (IRP) is “absolutely necessary” to move increased renewable energy usage “beyond talk”, a provider is arguing.
BISX lists latest investment fund
The Bahamas International Securities Exchange (BISX) yesterday revealed it has added another listing to its $4.4bn mutual fund listing tier.The exchange announced that the Fitpart Dynamic Allocation Professional Fund has completed its listing process
BahamaHost evolves for tourism dynamics
For the past 40 years, BahamaHost has been the Ministry of Tourism’s signature training programme for tourism and hospitality in our country.Nearly 50,000 Bahamians have graduated through the programme, now holding the title of BahamaHost certified p
Business Outlook teams with the inland revenue
The Bahamas Business Outlook (BBO) series is rolling-out an “Ease of Doing Business” workshop, which will be conducted by Department of Inland Revenue (DIR) officials, at all seven conferences this year.The workshop is a partnership between Outlook o
GB crypto firm to brief on ICO offer
A Grand Bahama-based cypto-asset firm plans to brief Nassau residents today on its initial coin offering (ICO), which is scheduled to take place in 42 days.VirSymCoin (VSC) will unveil its but crypto-enthusiasts in New Providence won’t have to wait t
Stadium costs soared to $43m
The Andre Rodgers Baseball Stadium is a waste of taxpayer money that will “never pay for itself”, a Cabinet minister admitted yesterday, amid steps taken to prevent a near-tripling of costs.
EU tax legislation to House by 19th
The Government believes it has “agreed the main part” of legislation to address Europe’s tax demands with the private sector, and plans to bring the bill to Parliament on September 19.KP Turnquest, pictured, deputy prime minister, told Tribune Busine
Board battle hits Sports Authority
The National Sports Authority (NSA) has become the latest government board to be hit with allegations of infighting and “dysfunction”, with the new general manager unable to take office.Multiple Tribune Business sources, speaking on condition of anon
Annual cruise drop of 5-10% without Nassau upgrade
The Bahamas has just “two to three years” to upgrade Nassau’s cruise port before passenger volumes start falling by five to ten percent annually, a major global operator warned yesterday.A spokesman for Global Port Holdings, which partnered with two
AML Foods in deal over one Carl's Jr site
AML Foods has agreed to sell the equipment, and assign the lease, for its former Carl’s Jr site on Carmichael Road as it winds down a unit that generated a near-$1.5m loss in its final year.The BISX-listed food retail and franchise group, in its annu
Bahamas gains boost at family convention
The Bahamas gained significant exposure at the weekend from the Ministry of Tourism and Aviation sponsoring a pool party at a major Orlando-based family expo and convention.The “Party in da Backyard”, held at the pool of the Gaylord Palms Resort, was
Royal Fidelity returnee praises 'exponential growth' on return
A third-time RoyalFidelity Merchant Bank and Trust executive says its business has “grown exponentially” since he was last there, as the institution celebrates its 20th anniversary.David Slatter, assistant vice-president with responsibility for Royal
ART OF GRAPHIX: Designing by its true definitions
Getting thrown into the world of graphic design can sometimes feel like learning a new language. There are countless technical terms that can seem perplexing at the best of times but, if you are confused, never fear as words are evolving each day. S
