BTC launches national text-to-donate campaign
Nassau Guardian

Bahamas Telecommunications Company (BTC) will launch a national text-to-donate campaign drive, allowing all Bahamians to participate in fundraising efforts to assist those most affected by Hurricane Irma. The campaign,...

Moree: Need to rationalize current tax regime before new tax
Nassau Guardian

Senior Partner at McKinney Bancroft & Hughes Brian Moree indicated that there is still a lot of work to be done with The Bahamas’ current tax regime before considering a new tax such as an income tax....

IMF recommends lower wage bill, self-sustaining public corporations
Nassau Guardian

The International Monetary Fund (IMF) Executive Board, in its consultation with The Bahamas, recommended the country, as a top priority, restore fiscal sustainability by cutting current expenditures. The government's wage...

Building code one of the most ‘structurally sound and robust’ in region, says Sands
Nassau Guardian

President of the Bahamian Contractors’ Association (BCA) Leonard Sands asserted that The Bahamas’ building code is one of the most “structurally sound and robust” codes in the Caribbean. His comments...

IMF projects 1.75% growth in 2017, 2.5% in 2018
Nassau Guardian

The Executive Board of the International Monetary Fund (IMF) projected in its Article IV consultation with The Bahamas that this country's real GDP (gross domestic product) growth will pick up to 1.75 percent in 2017 and...

Marquis Who’s Who names Michael Dingman Lifetime Achievement Award winner
Nassau Guardian

Marquis Who’s Who, the premier authority on who makes a difference in the worlds of politics, law, science, art, business and community, has bestowed its highest honor on visionary entrepreneur Michael D. Dingman,...

The art before the storm
Nassau Guardian

Visual artist Allan Wallace has been gaining renown since he began using Morton Salt to create hyper-realistic art pieces. In some cases Wallace also uses other seasonings, spices and miscellaneous items. He recently took...

Bahamas is back to business after Hurricane Irma
Nassau Guardian

The Bahamas is back to business as tourism resumes after mainly cosmetic clean-up in our major tourism centers, while efforts to rebuild in those islands of The Bahamas that were hardest hit continue. As of Tuesday, Sept....

IDB president offers support to Bahamas following Hurricane Irma
Nassau Guardian

Inter-American Development Bank (IDB) President Luis Alberto Moreno has offered support to The Bahamas after the recent passage of Hurricane Irma. The IDB has pledged emergency grant funds of up to $200,000 to assist with...

Ingraham:  Ecotourism the business model for Eleuthera
Nassau Guardian

There are opportunities for unique small businesses on Eleuthera centered around ecotourism, One Eleuthera Foundations’s Co-Founder and CEO Shaun Ingraham suggested yesterday, with more and more visitors going to the...

Bahamas Ferries expanding its fleet, exploring new routes
Nassau Guardian

Bahamas Ferries is expanding its fleet of seven vessels with a new roll-on/roll-off ship that could help the company expand its routes and improve existing ones, its chief financial officer, Stephen Thompson, said...

Bimini resort could reopen end of month
Nassau Guardian

Resorts World Bimini is eyeing a reopening date of September 27. In the interim, damage assessments and cleanup efforts are ongoing. Speaking to reporters yesterday, President of Resorts World Bimini Patricia Lawrence...

IMF: Commercial banks capitalized, still reluctant to lend
Nassau Guardian

Commercial banks in The Bahamas are “reluctant” to lend, given The Bahamas’ low growth environment, despite those banks being well capitalized, the International Monetary Fund (IMF) pointed out Wednesday....

Cooper satisfied with PM’s plans for Ragged Island
Nassau Guardian

Exumas and Ragged Island MP Chester Cooper is encouraged by Prime Minister Dr. Hubert Minnis’ pronouncement that the government will rebuild Ragged Island and will not force residents of the island to leave their...

DPM: No plan for income tax
Nassau Guardian

Minister of Finance and Deputy Prime Minister Peter Turnquest said yesterday the government is not on track to introduce any new progressive tax structures after the International Monetary Fund (IMF) suggested in a...

Govt to renegotiate hurricane insurance scheme
Nassau Guardian

The Bahamas government is in talks with the CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) to split The Bahamas into three regions in order to get the most out of the country’s tropical...

Resolve purchases BOB loans, begins bad loan removal process
Nassau Guardian

At the end of August the special purpose vehicle (SPV) Bahamas Resolve Limited purchased loans from Bank of The Bahamas (BOB) Limited as it began the action of removing toxic loans from the bank’s books. In a notice...

Exigency order put in place by govt for 180 days
Nassau Guardian

The government issued an exigency order yesterday on a number if items such as building materials and generators for residents across The Bahamas who were impacted by Hurricane Irma, effective September 11, 2017. The...

Govt to review building codes in wake of Irma
Nassau Guardian

Prime Minister Dr. Hubert Minnis has asked Minister of Public Works Desmond Bannister to fully review The Bahamas’ building codes, lamenting that many homes as well as government buildings have not been built to code...

Businesses referred to AG for alleged price gouging
Nassau Guardian

True to his word, Prime Minister Dr. Hubert Minnis revealed yesterday that “several” individuals and supermarkets were referred to the Office of the Attorney General for suspected acts of price gouging, as...

BTC springs into action to assist with hurricane recovery efforts
Nassau Guardian

FREEPORT, Grand Bahama – Hurricane Irma barreled through the region as a massive and dangerous Category 5 storm, leaving in her wake a trail of death and devastation. This year, Grand Bahama was once again caught in...

Sterling Global Financial reassures 1,500 investors ‘no damage’
Nassau Guardian

With more than 1,500 investors around the world keeping an eye on their interests in The Bahamas, Sterling Global Financial today reassured them that all of its properties and investments in the country came through...

Aliv executives oversee service restoration on affected islands
Nassau Guardian

Aliv executives are on the ground on Hurricane Irma-affected islands, the company’s Chief Aliv Champion Johnny Ingle told Guardian Business yesterday, as the company worked to restore services to tornado-struck...

National debt up to $7.2 billion
Nassau Guardian

The country’s national debt continues to climb, as second quarter results for this year show it now stands at more than $7.2 billion, according to The Central Bank of The Bahamas (CBOB) Quarterly Statistical Digest...

CCRIF SPC to give Bahamas $234K payout after Irma
Nassau Guardian

Hurricane Irma has triggered payments from CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) of approximately US$29.6 million, with The Bahamas receiving $234,000. A release from CCRIF SPC yesterday...

D’Aguilar: Bahamas ready to attract tourists bound for Irma-devastated islands
Nassau Guardian

“As sad as that may seem” that Hurricane Irma wreaked havoc on other popular tourist destinations in the Caribbean, Minister of Tourism Dionisio D’Aguilar said yesterday that the storm’s devastation...

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