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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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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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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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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Sterling Bahamas Realty guides second-home owners through renovations

Wealthy second homeowners are increasingly turning to realtors to oversee the fortunes they pour into upgrading and customizing new home purchases once their real estate transaction is completed. “Whether its remodeling, maintenance or hurricane preparedness, luxury home buyers want customized, worry-free, time-saving solutions,” said Lamond Davis, president of Sterling Bahamas Realty, a firm that helps […]

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PM to hold talks with European Commission officials in Brussels

NASSAU, BAHAMAS – Prime Minister Dr. Hubert Minnis will travel to Brussels, Belgium today, to hold bilateral talks with high-ranking officials of the European Commission. A statement released last night from the office of the prime minister outlined that discussions will focus on matters relating to the fulfilment by The Bahamas of its commitments to […]

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Archer outlines strict guidelines for foreign contractors

Nominees for contractor’s board passed on to Minister of Works   NASSAU, BAHAMAS – While the nominees of those persons who will comprise a Construction Contractors Board have been passed on to the Minister of Works for approval, Ministry of Works Registrar Omar Archer stressed that once the board is formalized, foreign contractors will not […]

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BCCEC engages firm to conduct study on pros and cons of joining WTO

NASSAU, BAHAMAS – The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has hired an international economic analysis firm, Oxford Economics, to produce an independent report on the pros and cons of The Bahamas joining the World Trade Organization (WTO). The independent study will provide the BCCEC with fact-based information concerning whether or not joining […]

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Govt. names members of Oban renegotiation team

NASSAU, BAHAMAS – Labour minister Dion Foulkes, on Tuesday identified members of government’s renegotiating team who will chart the way forward for a new deal with Oban Energies, the company that signed a controversial heads of agreement with the government to develop a multibillion-dollar oil refinery and storage facility in East Grand Bahama. Channel. The […]

Sears: Eliminate ‘ring-fencing’ and level the playing field in the gaming sector

NASSAU, BAHAMAS – While certain financial institutions are afforded the opportunity to engage in broad-based consultation with the government, attorney Alfred Sears on Sunday expressed that Bahamian gaming house operators have not been given the same consideration. Sears is now calling on Deputy Prime Minister and Minister of Finance, K. Peter Turnquest to level the […]

New Year to bring several ‘ease of doing business’ reforms for starting a new business

NASSAU, BAHAMAS – The Ministry of Finance will roll out a provisional business license in the New Year to significantly reduce the time it takes to start a new business. This addition was approved by Parliament during the 2018/2019 budget exercise, and will be implemented by the Department of Inland Revenue in the first quarter […]

Change in business license fee structure

NASSAU, BAHAMAS – In an effort to satisfy and comply with international tax standards outlined by the European Union (EU), some Bahamian business owners will experience a change in their annual business license fees this year, according to Peter Turnquest, Deputy Prime Minister and Minister of Finance. “It is important to point out that the […]

$25 million marketing campaign pushes Baha Mar’s 2018 end of year occupancy to 100%

NASSAU, BAHAMAS – Although the Baha Mar resort is considered the “new kid on the block,” in the hotel industry; the multi-million-dollar development, with three different brands in its portfolio, finished 2018 with occupancy at 100 per cent. Graeme Davis, President of Baha Mar, asserted that the hotel’s $25 million marketing campaign is to thank […]