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 […]
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 […]
Project projected to provide $805 million economic stimulus NASSAU, BAHAMAS – Disney’s Lighthouse Point project set for Eleuthera is forecasted to provide an $805 million stimulus to the Bahamian economy and $357 million increase in government revenue over the next 25 years, according to an economic study carried out on behalf of the developer. […]
NASSAU, BAHAMAS – The list of companies vying for the chance to own and operate the Grand Lucayan Resort in Grand Bahama has been significantly narrowed down to less than five potential owners, according to tourism minister Dionisio D’Aguilar. D’Aguilar made the announcement to reporters outside of Cabinet office on Tuesday morning. The government recently […]
NASSAU, BAHAMAS – Royal Fidelity recently revealed a new logo reflecting a more modernized look, as the financial institution transitions to a now independently run entity. The new logo presents a uniquely identifiable brand, while maintaining aspects of the company’s previous visual identity. The new logo was designed by Cayman-based creative agency BB&P and embodies […]
