NASSAU, BAHAMAS – In an effort to avoid the implementation of a closed conch season, Minister of Agriculture and Marine Resources, Michael Pintard, said the government is now reducing the exportation of conch on an annual basis. “Presently, some 650,000 pounds of conch has been exported on an annual basis. Beginning this year, we started […]
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, […]
NASSAU, BAHAMAS — The Ministry of Public Works recently held a press conference at its head office, to make the public aware of its intent to go green and go solar. Minister of Public Works Desmond Bannister said the Ministry cannot be left behind and has to look to the future. Bannister spoke with Pia […]
Prime Minister Dr. Hubert Minnis on Friday, April 26, 2019 addressed the official opening and ribbon cutting ceremony for Poinciana House corporate centre on East Bay Street, which houses the Insurance Commission of The Bahamas, Securities Commission of The Bahamas, and Compliance Commission of The Bahamas, as well as other financial offices. Prime Minister Minnis […]
Monday April 15 was an historic, monumental day in Mangrove Cay Andros, for the Bahamas Commercial Sponge Association (BCSA), Bahamas Agricultural & Industrial Corporation (BAIC) and the Interamerican Development Bank (IDB) as the first shipment of Bahamian harvested sponges from the area began its journey to Europe. The project to revitalize the industry is sponsored […]
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 […]
Union leader believes BPL will be in a reasonable position heading into summer NASSAU, BAHAMAS – Bahamas Electrical Workers Union (BEWU) President Paul Maynard said yesterday that while Bahamas Power and Light (BPL) has a short window to shore up its summer plans, inclusive of acquiring additional generation capacity, he believes once done, the […]
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 […]
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 […]
FREEPORT, BAHAMAS – Prime Minister Dr. Hubert Minnis said the Smith’s Point Project is part of a broader vision and program for the revitalization and renewal of Grand Bahama. During the official opening of the newly constructed sea wall in Smith’s Point on Friday, April 5, 2019, Prime Minister Minnis, who was the keynote speaker, […]
NASSAU, BAHAMAS – The latest Consumer Price Index (CPI) shows a decline in the cost of key basic goods and services, representing a tapering off in average cost since the government increased value-added tax from 7.5 per cent to 12 per cent last July, which ballooned the CPI index to an all-time high. The results […]
NASSAU, BAHAMAS – It may be too early to predict a slowdown in the construction sector, with the head of the Bahamian Contractors Association pointing to various factors that may sustain the industry for much longer than projected. The association is now trying to determine the direct impact of a slowdown in domestic construction activity, […]
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 […]
NASSAU, BAHAMAS – Tourism and aviation minister Dionisio D’Aguilar confirmed Tuesday that government is expecting to bring to a close, in a matter of days, its request for proposals for a company to manage the monetization of the country’s airspace. D’Aguilar made the announcement outside of Cabinet office on Tuesday morning. The idea that the […]
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 […]
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, […]
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 […]
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 […]
