LPIA hotel bids to close May 11

Officials at the Nassau Airport Development Company (NAD) are in the final weeks of seeking developers to construct and manage a proposed airport hotel at Lynden Pindling International Airport (LPIA). NAD announced in early 2018 that it would issue a request for Expressions of Interest (EOI) proposals for the construction and management of a small […]

GDP increases by 2.7%

The country’s gross domestic product (GDP) grew by 2.7 per cent in 2017, according to the latest figures released by the Department of Statistics (DOS). In a statement, the DOS said, the main industries contributing to this growth in GDP were “construction, wholesale and retail trade, business services of a professional nature, administrative business services […]

Agribusiness may be key to WTO ascension, says DPM

Agribusiness has the potential of leading the way as The Bahamas prepares to ascend to the World Trade Organization (WTO) according to Deputy Prime Minister Peter Turnquest who said, once farmers have a business environment to thrive, consistency is inevitable. “Persons are taking products beyond growing,” Turnquest said while speaking at The Bahamas Development Bank […]

DAGS provide financial assistance to private companies wanting to export

Bahamian companies now have another avenue to access venture capital funds as Direct Assistance Grant Scheme (DAGS) – a financial assistance provider for companies wishing to export their goods and services outside The Commonwealth of The Bahamas – was introduced to the Bahamian public this week. DAGS facilitated a day-long workshop hosted by the Bahamas […]

FOIA training begins

Prime Minister Dr. Hubert Minnis will open the Freedom of Information Act (FOIA) forum today (Monday) – a signal that the government is moving full steam ahead with rolling out the ground work and training required for its implementation. The forum, which opens at the Royal Bahamas Police Force (RBPF) Headquarters Monday morning, will aim […]

PM appeals for separate disaster funding, joins other Caribbean leaders

The prime minister said he is making an appeal, as are other regional leaders, for separate loan funding for disaster relief efforts and said, loans for hurricanes should not affect the country’s gross domestic product (GDP) based on the Bahamas limited impact on global emissions. During the recent Commonwealth Heads of Government Meeting (CHOGM) in […]

Barley named managing partner at Butterfield Bank

Butterrfield Bank announced Craig Barley as its newest managing partner last week. Barley will have overall responsibility for the management and development of Butterfield’s Bahamas based trust business, a key part of Butterfield Group’s global network of trust companies. Hailing from the United Kingdom (UK), Barley served most recently as Chief Executive Officer (CEO) of […]

Tech Talk for Grand Bahama

Minister of State for Grand Bahama Kwasi Thompson declared Tuesday that the government needs to continue to “spread the message internationally that Grand Bahama is open for business”. Thompson made the statement after representing government at the Commonwealth Business Forum at the Commonwealth Heads of Government Meeting (CHOGM) 2018 in London, England. An integral part […]

Activists Against Royal Caribbean’s $200 Million Expansion at Coco Cay

Local environmentalists are sounding off on Royal Caribbean Cruise Line’s (RCL) $200 million extensive renovation plan for Coco Cay, with one environmental group having recently described such developments as “bottomless pits”. In a Facebook post, which has since been deleted, Raising Awareness about the Bahamas Landfill (RABL) spokesperson Heather Carey said, “the cruise ship industry […]

DPM says Bahamas’ reputation in tact despite blacklisting

Deputy Prime Minister Peter Turnquest said Wednesday that the country’s reputation “continues to do well” despite brief stint on the European Union (EU) blacklist. In an interview with Eyewitness News outside the House of Assembly (HOA) yesterday, Turnquest said, the removal of The Bahamas from the blacklist restores the country’s good reputation. However, he said, […]