D’Aguilar: The FNM’s strategy is to create private sector jobs

NASSAU, BAHAMAS – Minister of Tourism Dionisio D’Aguilar said the 2,000 jobs added to the labour force, despite a marginal increase in unemployment figures, was the result of increased involvement of the private sector. “The FNM’s strategy is to create private sector jobs. I was also encouraged by the number of entrepreneurs who started their […]

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Quarterly unemployment surveys to come

Statisticians say new design will be launched after population census   NASSAU, BAHAMAS – The Department of Statistics intends to change the design of its Labour Force Survey to provide quarterly reports on the level of joblessness in the country as opposed to twice annually, according to Senior Statistician Cypreanna Winters. The change in framework […]

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NAD seeks three-star or higher rated hotel for LPIA

The Nassau Airport Development Company’s (NAD) request for proposals (RFP) for a hotel at Lynden Pindling International Airport (LPIA) calls for the development of a restaurant, fitness centre, meeting space, according to the document. NAD hopes to enhance LPIA with an international branded, full service, three-star or higher rated airport. The hotel is also expected […]

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Min of Labour, BCCEC to strengthen partnership

NASSAU, BAHAMAS – Minister of Labour Dion Foulkes and the newly appointed Chief Executive Officer of The Bahamas Chamber of Commerce and Employers Confederation, Jeffrey Beckles, both pledged to further strengthen the partnership that exists between the two organizations for the betterment of Bahamians and the local business community. This renewed commitment came as Beckles […]

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Bamsi adopts new business model in bid to gain financial stability

NASSAU, BAHAMAS – In a bid to streamline operational costs and increase the economic sustainability of the Institute, The Bahamas Agriculture and Marine Science Institute (BAMSI) is redefining its business model and will focus solely on the wholesale sector, a move which is expected to translate into increased revenue by tens of thousands of dollars, […]

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NAD issues RFP for LPIA hotel

NASSAU, BAHAMAS – The Nassau Airport Development Company (NAD) today issued a request for proposals (RFP) for bidders to design, finance, construct and operate an on-site hotel at Lynden Pindling International Airport (LPIA). As outlined in the RFP, potential bidders will be required to register for a mandatory pre-submission meeting and site visit. Bidders can […]

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John Watling’s Distillery begins export to the United States

NASSAU, BAHAMAS – John Watling’s Distillery, a Bahamian company, located at the 1789 Buena Vista Estate in Historic Downtown Nassau and named for a 17th Century buccaneer, recently announced that on January 2, 2019, it began exporting its namesake rum to the United States of America and are now available for purchase at www.johnwatlings.com. JOHN […]

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LRA Old Bahama Bay Limited prepares for transition

FREEPORT, GRAND BAHAMA – As of today, January 21, 2019, Old Bahama Bay Limited (OBB), will temporarily close their marina operations, in order to make proper arrangements for a future operator. “OBB has previously provided appropriate lease termination notice to its tenant, Island Ventures Resort and Club, Ltd. (IVRC), which has also been affirmed by […]

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Report: Ministry virements totaled over $3.3 million

$450,000 allegedly defrauded from government, auditors found   NASSAU, BAHAMAS – As part of an internal review of the Department of Education, which uncovered alleged collusion by employees to defraud the government of nearly $450,000, auditors also found virement of funds in the department totalling $3.36 million in the fiscal years 2016 and 2017. The […]

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New industrial agreement signed for KFC managers and supervisors

NASSAU, BAHAMAS – A comprehensive five-year industrial agreement for some 39 managerial and supervisory employees at Kentucky Fried Chicken was signed on Wednesday. “We have completed and executed an industrial agreement and it is very comprehensive. It entails basically all of the terms and conditions for the managerial and supervisory employees at Restaurant Bahamas,” said […]

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In-house insurance on the horizon for Bahamian contractors

NASSAU, BAHAMAS- Once an official contractors board has been established, contractors will be able to take advantage of in-house insurance. The announcement came Wednesday from Ministry of Works Registrar Omar Archer, who was present at The Bahamas Contractors Association’s monthly meeting at the west location of the Poop Deck Restaurant. “I was in confirmation last […]

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Gaming Board report to examine pros and cons of national lottery

NASSAU, BAHAMAS – Tourism and Aviation Minister with responsibility for gaming, Dionisio D’Aguilar, on Tuesday revealed that the Gaming Board is currently compiling a report on the prospects of introducing a national lottery. D’Aguilar told reporters outside of Cabinet that government is preparing to look into implementing the idea, but would first have to consider […]

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Mitchell hopes US shutdown will not adversely affect The Bahamas

NASSAU, BAHAMAS – As federal government entities in the United States (U.S.)remain in shutdown mode, the Progressive Liberal Party’s (PLP’s) Shadow Minister of Foreign Affairs, Senator Fred Mitchell, on Tuesday spoke of the possible ramifications that the shutdown would have for The Bahamas. The US government’s shutdown was the result of a dispute in which […]

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TSA screening at Concourse G in Miami resumes normal operations

NASSAU, BAHAMAS – In a statement released yesterday, Bahamasair advised all passengers travelling to and from its Miami Station that the Transportation Security Administration (TSA) Screening Check Point at Concourse G has resumed normal operations, effective immediately. However, Bahamasair still encourages its passengers travelling in either direction to ensure that they arrive at least three […]

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Govt. working feverishly to prevent depletion of conch supply

NASSAU, BAHAMAS – In the wake of a report which suggested that local levels of conch supply could be depleted within 10-15 years, the government confirmed on Monday that it has moved into overdrive to address the issue immediately. “If things continue as they are I see problems, but we believe that if we respond […]

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Local businesses eye U.S. Government Shutdown travel implications

80,000 await pay   NASSAU, BAHAMAS – Local business owners warily eye the U.S. government shut down and any potential impact on the tourism industry, fearing a continuation that could lead to a drop in visitor arrivals, as around 800,000 federal employees await pay. With the shutdown entering its 25thth day and Friday marking the […]

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Increase in business-related crime

Amount misappropriated from businesses declined year on year from $5 million to $3.55 million   NASSAU, BAHAMAS – The Royal Bahamas Police Force (RBPF) reported a more than 300 per cent increase in business-related crime in 2018 compared to the previous year, recording 343 more reported incidences. Despite the stark increase in the number of […]

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28th Bahamas Business Outlook to address critical national issues

Conference set for Jan. 17 at Baha Mar   NASSAU, BAHAMAS – Bahamas Business Outlook (BBO), the country’s premier economic conference, will feature an impressive list of speakers addressing issues which have dominated national headlines in recent months. Organizers say that the goal of each presenter is to move these national conversations forward, revealing solutions […]

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