New approved policy increases assistance for entrepreneurs

The Government will conduct an NSS-wide business process review focused on detailed analysis of current (as-is) processes, identification of gaps, benchmarking standards and best practice and design of future (to-be) processes to enable a seamless integrated, effective and efficient National Statistics System. The announcement came from Deputy Prime Minister of The Bahamas, K. Peter Turnquest, […]

Turnquest: Govt. still on track with finances; revenue increased by $25 million

The government has spent $30 million more than was budgeted since May for “surprise” bills left by the former Christie administration, Deputy Prime Minister and Minister of Finance, Peter Turnquest revealed  yesterday in the House of Assembly. Despite the unexpected expenses however, Turnquest said the government is still on track to bring the country’s fiscal […]

Exuma is Aliv

Aliv is one step closer to covering the entire country with it’s telecommunication services as it officially opened its first store in George Town, Exuma on Monday. Long Island is scheduled to go live in the upcoming weeks. The launch on both islands, was postponed due to the passage of Hurricanes Irma and Michelle last […]

GB $5.5 billion project sparks environmental concerns

Environmental concerns over the $5.5 billion project earmarked for east Grand Bahama are beginning to mount as the government signed a Heads of Agreement with Oban Energies today to establish an oil refinery and storage facility without an environmental impact assessment in place. Both sides however, assured that the project will be environmentally sustainable and […]

‘Labour on the Blocks’ gets a boost in Grand Bahama, returns to Nassau Feb 24

Hundreds of job seekers turned out at the Ministry of Labour and Department of Labour’s first ‘Labour On The Blocks Job Fair’ in Grand Bahama this past Saturday to register for jobs with the Department of Labour’s employment data bank and local companies attending the event. A proactive programme, ‘Labour on the Blocks’ is among […]

Island Luck continues crackdown on inter-island money transfers

Island Luck gaming company witnessed a 90 percent decline in client withdrawals and deposits since last November when the company took an aggressive approach to crack down on inter- island money transfers. The news comes from the company’s Chief Compliance Officer, Neil Major, who told Eyewitness News yesterday that the majority of the company’s 80,000 […]

Sumner: Govt. should revisit size of cabinet, public service hiring freeze

Despite efforts to balance the country’s books and slash government expenses, Bahamas Chamber of Commerce and Employer’s Confederation CEO, Edison Sumner, told reporters yesterday that the Minnis Administration has more work to do if they want to get the country’s fiscal house in order and suggested the prime minister begin with, what Sumner calls, a […]

Downtown Nassau set for ‘revitalization’

The Downtown Nassau Partnership’s plan for the revitalization of the nation’s capital was unveiled during a press conference held at the British Colonial Hilton yesterday. The unveiling was led by Minister of Tourism, Dionisio D’Aguliar, Minister of Transport, Frankie Campbell, and the partnership’s Managing Director, Ed Fields. The proposed layout includes an electric shuttle system, […]

PM: Land discount for home ownership set for June

Bahamians seeking home ownership through government are expected to receive a major discount. Prime Minister, Dr. the Hon Hubert Minnis, shared details on the new initiative yesterday.  The venture was first announced by the prime minister during his national New Year’s address. The low-cost lots land initiative is expected to spur economic growth with land being made […]

PM, ministers tour Point development; hint to plans for downtown development

The Point hotel completed its first phase of the multi-billion dollar resort with plans for a boardwalk, additional restaurants and water features. Point President, Daniel Liu, spoke to the expansion. “This project will be done by 2019, the soft opening by April 2020,” Liu said. “From Bay Street to boardwalk, we want to encourage the […]

ICAC Conference To Bring Hundreds To The Islands of The Bahamas

Over 400 accountants from the United States, the United Kingdom, Canada and the Caribbean are expected to arrive in Nassau come June for the 36th Institute of Chartered Accountants Caribbean’s (ICAC) Conference of Accountants. The much-anticipated conclave, which is expected to stimulate the Meetings Incentives, Conferences and Events (MICE) aspect of tourism, will be held […]