FREEPORT, BAHAMAS – Late last year Government officials, private stakeholders and Non-Governmental Organizations (NGO’s) attended the groundbreaking of the world’s first ever coral farm, in Grand Bahama. The Coral Vita Project, which is a collaborative endeavour between Coral Vita, The Grand Bahama Port Authority, and the Grand Bahama Development Company (DEVCO) was founded by Gator […]
GEORGE TOWN, EXUMA – Prime Minister Dr. Hubert Minnis said The Bahamas and the island of Exuma are poised for an economic rebirth as he announced extensive plans to improve infrastructure on the island. Among the plans are a new international airport in George Town, the construction of an Office of the Prime Minister, much-needed […]
NASSAU, BAHAMAS – The Water & Sewerage Corporation (WSC) opened a new customer service location on Wednesday at the Mall at Marathon. Five employees are responsible for running the new office, which is open from 8:30 a.m. to 6:00 p.m. from Monday to Saturday. The Mall location offers similar services as the WSC headquarters on […]
EIGHT MILE ROCK, GRAND BAHAMA — The Government recently launched its Grand Bahama’s Small Business Development programme in West Grand Bahama at the Eight Mile Rock High School auditorium. After successfully launching the programme in East Grand Bahama last month, Deputy Prime Minister and the Minister of Finance K. Peter Turnquest said he wanted to […]
Royal Caribbean CEO excited and prepared to work with new developer NASSAU, BAHAMAS – Although it missed out on the Nassau’ cruise port project, Royal Caribbean Cruise Lines (RCCL) President and CEO Michael Bayley said yesterday that the cruise lines are not bothered, and are instead “exited, and willing” to work with the selected […]
NASSAU, BAHAMAS – A $4 million investment at Exuma’s Grand Isle Resort and Spa saw the island open its first Beach Club last week – a swanky locale set to lure in trendy vacationers and be the new St. Tropez of the region. In an interview with Eyewitness Business, the property’s majority owner Peter Nicholson […]
NASSAU, BAHAMAS – A new Inter-American Development Bank publication has further highlighted two well-known areas of weakness for The Bahamas: the public sector’s wage bill and issues with State-Owned Enterprises (SEOs). The “Nurturing Institutions for a Resilient Caribbean” publication was released yesterday, with Deputy Prime Minister and Minister of Finance Peter Turnquest linking data from […]
Manager says at least 200 applicants assessed NASSAU, BAHAMAS – Eyewitness News visited the Royal Caribbean Job Fair yesterday at the National Training Agency, where Bahamians lined up and waited to be interviewed for an opportunity to be a part of the Royal Caribbean family. According to Cindy Williams-Johnson, manager of Royal Caribbean Talent […]
NASSAU, BAHAMAS – The government has once again admitted that a trend in granting approvals to cruise lines for private islands may be taking much-needed foot traffic further away from the local retailers in the capital. It’s an effect opposite to an uptick in passenger arrivals – and economic activity – these mega cruise liners […]
The Bahamas will remain a “clean and compliant” jurisdiction regardless of how many times the nation is blacklisted, Deputy Prime Minister and Minister of Finance Peter Turnquest reinforced yesterday. Speaking at Royal Fidelity’s Business Economic Outlook, Turnquest expressed concern that no matter how cooperative the nation is or how compliant with demands to become more […]
NASSAU, BAHAMAS – Acting Prime Minister and Minister of Finance K. Peter Turnquest on Tuesday encouraged persons entering the workforce to focus more on private sector rather than government jobs. “The era of finishing school and looking for a good job with government is over,” Minister Turnquest said. The deputy prime minister’s comments came yesterday […]
NASSAU, BAHAMAS – As credit ratings agency Moody’s encourages the Minnis administration to exercise restraint in public spending while predicting it will miss its deficit target, the private sector said yesterday it expects the government to make some “very tough decisions” in its commitment to meet its 2018/2019 targets. “There is still a degree of […]
NASSAU, BAHAMAS – Scotiabank has been operating in the Caribbean for more than 129 years, and in The Bahamas since 1956. But over the past five years, many branches throughout the region have closed its doors for various reasons. Last year, Scotiabank closed two of its branches in Belize. Also, branches closed on the island […]
FREEPORT, GRAND BAHAMA – Dozens of Grand Bahamians had the chance to sign up for immediate employment opportunities on Thursday morning; thanks to a job fair hosted by Royal Caribbean Cruise Lines (RCCL) which is in search of approximately 100 new associates to staff its “Perfect Day,” getaway at Coco Cay. The cruise line hosted […]
NASSAU, BAHAMAS – A Bahamas-based blockchain group recently took the first steps to further train and connect skilled local software developers in preparation for the billion-dollar industry’s projected 70 per cent growth in the next five years. Nearly 25 skilled software developers started out on the three-month coding boot camp, organized by the Caribbean Blockchain […]
If measures are not taken to reduce the high cost of doing business, Chief Executive Officer (CEO) of The Bahamas Chamber of Commerce, Jeffery Beckles, predicts that more layoffs could take place in the private sector. His comments follow the termination of 73 workers from Commonwealth Brewery earlier this week and additional layoffs in Grand […]
NASSAU, BAHAMAS – Following mass layoffs at Commonwealth Brewery on Monday, continuing tension between employees at the Bahamas Telecommunications Company (BTC) and its executive management team and ongoing employee tension at Morton Salt in Inagua; labour minister Dion Foulkes provided Eyewitness News Online with an update on how these labor issues are being actively addressed. […]
NASSAU, BAHAMAS – The Bahamas’ rosy projections for tourism growth this year is being backed by The Caribbean Tourism Organization (CTO), with forecasts of six to seven per cent growth in tourism arrivals around the region for 2019. “The outlook for Caribbean tourism in 2019 is cautiously optimistic,” said the CTO’s Director of Research & […]
