NASSAU, BAHAMAS – The Bahamas Customs Department yesterday announced it is exercising more scrutiny over private aircraft operations into Abaco after it received reports some storm relief flights were also transporting commercial cargo. “In the immediate aftermath of Hurricane Dorian, many private aircraft were transporting humanitarian relief supplies into the country under the various Exigency […]

NASSAU, BAHAMAS – The private sector has a critical role to play in helping to address the country’s education and labour force deficiencies, according to local consultant, who suggested that businesses can either “invest now or pay later”. Tiffany Bain, the Organization for Responsible Governance’s (ORG) Education and Program Consultant told Eyewitness News that ORG […]

Owner laments lack of available labour on the island NASSAU, BAHAMAS- A prominent Abaco retailers yesterday estimated that his grocery store business was at 40 percent pre-Dorian sales levels, while lamenting the lack of available labour on the island. Chad Sawyer, owner of Maxwell’s told Eyewitness News: “We’re probably back 40 percent of what sales […]

NASSAU, BAHAMAS – Post Hurricane Dorian building inspections revealed that ‘basic’ building components did not meet the country’s building code, according to Building Control Officer in the Ministry of Works Craig Delancey. Speaking at an Bahamas Society of Engineers (BSE) luncheon yesterday, Delancey said: “A few months ago a team of private architects engineers and […]

NASSAU, BAHAMAS – The Bahamas has already satisfied over 30 of the 40 Financial Action Task Force (FATF) recommendations and continues to take the appropriate measures to ensure that The Bahamas adheres to international best practices, Deputy Prime Minister and Minister of Finance K Peter Turnquest said yesterday. Turnquest spoke at a Bahamas Financial Services […]

NASSAU, BAHAMAS- The General Post Office has commenced an “aggressive approach” to automation of service operations initiative that will facilitate the modernization and transformation of postal services here in The Bahamas, Minister of Transport and Local Government Renward Wells said yesterday. During his contribution to the mid-term budget debate,Wells said: “I am pleased to announce […]

NASSAU, BAHAMAS – The Central Bank of the Bahamas and the Financial Superintendency of Columbia have signed a Memorandum of Understanding (MOU) on information exchange and mutual cooperation for cross-border supervision. The notice was posted on the regulators website yesterday. It was noted that the purpose of the MoU is “to establish mechanisms that ease […]

NASSAU, BAHAMAS – Financial Services industry stakeholders yesterday welcomed the news of The Bahamas’s removal from the European Union’s ‘grey list’, noting that it is anticipated to have a positive impact on the sector and investor confidence generally. The European Union’s Economic and Financial Affairs Council completely removed The Bahamas from its List of Non-Cooperative […]

NASSAU, BAHAMAS – The Bahamas must develop a culture of resilience that is ‘proactive and not reactive’ in the face of consistent hurricane threats, a regional geographer and consultant has urged. Jeremy Collymore, resilience consultant and advisor at the University of the West Indies spoke at a workshop for Recovery Policy, Recovery Plan  and the […]

NASSAU, BAHAMAS – Disney Cruise Line has entered into an agreement with the Access Accelerator Small Business Development Centre and the Eleuthera Chamber of Commerce to prepare startups and small businesses for participation in development projects underway in Central and South Eleuthera, including Disney’s Lighthouse Point project. Disney is providing more than $1 million to […]

Myers says many school leavers ill equipped, ‘massive problem’ for Gov’t and private sector NASSAU, BAHAMAS – The government must do ‘considerably more’ to improve the level of education in the public school system, a well-known governance reformer has warned. Robert Myers, the Organization for Responsible Governance (ORG) principal stressed the lack of cognitive, social […]

NASSAU, BAHAMAS – Arawak Port Development (APD) Limited saw a nearly $2 million increase in total revenue for the six months ending December 31 2019, when compared to the same period the previous year. In its unaudited interim financial statements, the BISX-listed port operator noted its total revenue for the period was $17,313,954 compared to […]

NASSAU, BAHAMAS – Bahamas Petroleum raised approximately $914,000 US dollars at the close of initial subscriptions to its Bahamian mutual fund offering. The Bahamas-domiciled mutual fund had been set up exclusively for financial institutions and high net-worth individuals to invest in the company’s exploration campaign set to commence within the next two months. With a […]

NASSAU, BAHAMAS – The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) recently launched the organization’s first ever Digital Transformation Committee, the private sector representative said in a recent statement. The BCCEC noted that in keeping with its mandate to be an advocate for the private sector, the committee will work in tandem with the […]

NASSAU, BAHAMAS – A Florida public relations firm has launched a website to assist in individuals seeking to find out the status of Abaco businesses post-Hurricane Dorian. AbacoUp was developed by The Waite Company, and offers a search tool that provides information on businesses, like contact information and hours of operation. While the site contains […]

SANDY POINT, ABACO – Tyrsoz Family Holdings, the developer behind the $300 million South Abaco resort and marina project has agreed to make available $7 million via a business development fund exclusively for Bahamian entrepreneurs seeking to establish businesses in the project, it was revealed yesterday. Speaking at the signing of the heads of agreement yesterday, […]