PM warns Grand Lucayan sale 'far from completed'
THE Prime Minister last night warned that the Grand Lucayan’s sale is “far from completed”, and instead touted a potential $2.56 billion development at West End’s former Ginn project.Dr Hubert Minnis, in his latest national address, delivered a far m
Aliv, BTC sell-offs to fund $25m SME development
THE Prime Minister last night announced plans to finance a $25 million small business development initiative from selling-off the Government ownership in Aliv and BTC.Pledging his administration’s commitment to developing Bahamian-owned micro, small
'Standard' contracts absence fuels construction disputes
A BAHAMIAN quantity surveyor yesterday lamented the lack of “standardised” construction and procurement contracts, and the difficulties this causes.John-Michael Clarke, president and managing director at Veritas Consultants, told the sixth annual Arb
Bonds 'missing piece' for local construction
LEGALLY-mandated performance bonds were yesterday described as the “missing piece” in the construction industry by the Bahamian Contractors Association’s (BCA) president. Leonard Sands, speaking as a panellist at the sixth annual Arbitration and Inve
Gov't to 'stamp' down on land deal red tape
The Government is aiming to consolidate the ‘stamping’ of real estate conveyances at “one location” in a bid to ease private sector concerns about ever-increasing bureaucracy.K P Turnquest, the Deputy Prime Minister, told Tribune Business that the Mi
Business Licence: Chamber proposes 'staggering' filings
THE private sector plans to soon meet the Government over proposals for “staggering” Business Licence renewals, amid fresh fears over the January 31 deadline’s “feasibility”.Edison Sumner, the Bahamas Chamber of Commerce’s chief executive, yesterday
WTO 'won't get done' without 2019 target
THE Bahamas’ accession to full World Trade Organisation (WTO) membership will “not get done” without the aggressive 2019 deadline imposed by the Government.Mick Holding, the Grand Bahama Chamber of Commerce’s president, told Tribune Business that set
Confidence key to getting 'single digit' unemployment rate
THE Bahamas can get unemployment “down to single digits” by restoring employer confidence in the economy’s growth prospects, the Chamber of Commerce’s chief executive said yesterday.Edison Sumner, speaking after Friday’s release of the latest Labour
DPM: Size of Government 'certainly not optimal'
THE Deputy Prime Minister says the Government’s size is “certainly not optimal”, with almost one in five Bahamian workers employed in the public sector. K P Turnquest, who is also minister of finance, said the November Labour Force data provided ini
Treat budgets as tool, not a chore
BUDGETING is the single most important thing you should be doing right now to improve your financial situation. Have you ever got to the end of a week or month and asked yourself where all your money went? A budget is the best way to answer that ques
American Airlines 'impressed' with Bahamas growth
A TOP American Airlines executive says the carrier has been “impressed” by the growth on its six routes between the Bahamas and the United States, with its 130 weekly flights exceeding most Caribbean locations.Jim Butler, the carrier’s senior vice-pr
Airport hotel bid to launch in first quarter
THE Nassau Airport Development Company (NAD) is expected seek bids to develop a small hotel at the Bahamas’ premier airport in the 2018 first quarter, its chief executive has revealed.Vernice Walkine, speaking on the sidelines of a recent cocktail re
Central Bank 'ceases' two property deal requirements
The Central Bank’s governor yesterday revealed two reforms designed to reduce the ‘red tape’ that has dramatically slowed approvals for real estate deals involving foreign investors.John Rolle, responding to Tribune Business’s inquiries, said the reg
Money transfer market 'risks oversaturation'
THE Bahamian money transfer market “risks rapid oversaturation”, with one provider yesterday warning that this could provide cover for increased criminal activity.Harvey Morris, Omni Financial Group’s chief executive, and members of his management te
BREA chief warns of investor 'turn-off'
THE Bahamas Real Estate Association’s (BREA) president yesterday called for “a simple solution” to the protracted approvals process that threatens to “turn off” foreign investors.Christine Wallace-Whitfield told Tribune Business that the Government a
