PM opens Access Accelerator Small Business Development Centre, Over-the-Hill

NASSAU, BAHAMAS — Prime Minister Dr. Hubert Minnis officially opened a branch of the Small Business Development Centre at the Edmund Moxey Youth and Community Centre, specifically for residents in the area to access funding for economic empowerment. He deemed opening the branch as part of his government’s ambitious and broader Over-the-Hill Revitalization Programme. Also, […]

Obie Ferguson: “It’s a sad situation at Morton Salt”

NASSAU, BAHAMAS – As negotiations between the Inagua-based Morton Salt Company and the union representing workers remain at an impasse, president of the Trade Union Congress (TUC), Obie Ferguson, on Wednesday referred to the ongoing situation as one that was very ‘sad’. “It’s a sad situation. Very, very, very sad,” Ferguson told Eyewitness News. “Morton […]

Arawak Port Development celebrates 10 years as a regional commercial shipping leader

NASSAU, BAHAMAS – BISX-listed Arawak Port Development Ltd. (APD), which has been heralded as “an example The Bahamas should be proud of” by the Inter-American Investment Corporation, recently celebrated 10 years as a pioneer in the commercial shipping industry in February. The formation of APD in 2009, which owns and operates the Nassau Container Port […]

Symonette: WTO accession negotiations must consider vulnerabilities of the Bahamian economy 

NASSAU, BAHAMAS – During the 4th Meeting of the Working Party on the Accession of The Bahamas to the World Trade Organization  held on Friday, 5th April, 2019 in Geneva, Switzerland, Brent Symonette, Minister of Financial Services, Trade & Industry and Immigration affirmed that The Bahamas will continue to be deliberate in its accession negotiations […]

No timeline on Grand Lucayan sale

NASSAU, BAHAMAS – Minister of Tourism Dionisio D’Aguilar indicated yesterday that the government’s special purpose vehicle is making progress in negotiations of the sale of the Grand Lucayan Resort in Freeport, Grand Bahama, but could not give a timeline on when that process would be complete. Last week, the minister said the government had shortlisted […]

Central Bank: Construction sector to experience a slight slowdown

NASSAU, BAHAMAS – The Central Bank is confirming that the construction sector may experience a slight slowdown as earlier surges in domestic construction have somewhat stalled and small to medium-sized foreign investment projects have kept the country’s construction sector steady. “Construction sector output during the fourth quarter continued to be supported by a number of […]

Exuma investor: We’re “busting out” of airport

NASSAU, BAHAMAS – The largest shareowner of one of Exuma’s principal properties is looking forward to a follow-through on promises of a new airport, with thousands of guests now “busting out” of the current facility. Grand Isle investor Peter Nicholson said if the island were to accommodate the visitor arrival growth of its current trajectory, […]

Bahamasair, Air Canada and United Airlines top LPIA passenger surveys

NASSAU, BAHAMAS  – Today, March 25, 2019, Nassau Airport Development Company (NAD) officials revealed the top Airport Service Quality (ASQ) performers at Lynden Pindling International Airport (LPIA). During the final quarter of 2018, airline partners Bahamasair (Domestic Sector), Air Canada (International Sector) and United Airlines (US Sector) earned high marks on passenger survey scores. Every […]

Bahamas receives record-breaking number of visitors in 2018

NASSAU, BAHAMAS — The Bahamas received far more visitors to its shores in 2018 than in any previous year in its “entire history of being engaged” in the tourism business, Minister of Tourism and Aviation Dionisio D’Aguilar said Wednesday. The increase in tourism business in 2018 was experienced nationwide — Nassau/ Paradise Island, Grand Bahama and […]