Archive | Business

BIFF BRINGS HOLLYWOOD TO THE BAHAMAS

With plans to “bring Hollywood to The Bahamas,” The Bahamas International Food Festival announced a slate of events at a press conference held at Bacardi on Thursday, November 13th. The festival, which is scheduled for December 4-9th in New Providence and December 10-14th in Harbor Island, Eleuthera, will showcase nearly one hundred films from both [...]

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Bahamas to Undergo CFATF Review in 2015

The country’s financial sector will once again be brought under a microscope as the industry will undergo a fourth round of reviews by the Caribbean Financial Action Taskforce next year. Attorney General Allyson Maynard- Gibson made the announcement while bringing remarks at The Bahamas Financial Services Board (BFSB) annual excellence awards gala dinner, at the [...]

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Selection Process for Cellular Bidding Outlined

The Cellular Liberalisation Taskforce is now accepting Request for Proposals (RFP) for anyone wanting to bid for the second license to provide cellular service in the country, but officials said the anticipated competitive process will be done in two phases and will be have some hefty fees attached. The taskforce’s Communications Policy Advisor Michelle Grell-Bereaux [...]

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BAIC Continues To Assist Bahamian Entrepreneurs

The Bahamas Agricultural and Industrial Corporation (BAIC) in keeping with its mandate of creating and expanding opportunities for Bahamians to participate in the economic development of the Bahamas, the Corporation highlighted one of its success stories of 2014. Through the corporation’s Business Advisory and Project Planning Division led by SENIOR Manager Lester Stuart, BAIC assisted [...]

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Palm Cay Set to Release Phase 3 of Condo Project

Palm Cay Set to Release Phase 3 of Condo Project

Single storey units proving instant success story of marina living community, new phase to offer single and 2-storey options Palm Cay announced today it will open reservations slightly ahead of schedule for the third phase of its luxury condominium complex, The Anchorage, following demand that outpaced supply for the first two phases. Developers of the [...]

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MOT Sets Sights On Middle East, Russia, And Emerging Markets

London, England: The Bahamas Ministry of Tourism is looking to the Middle East as it seeks to diversify its markets and attract more visitors to The Islands of The Bahamas. According to tourism Deputy Director Tommy Thompson, senior tourism executives held several discussions with tour operators from that region during World Travel Market (WTM) in [...]

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Scotia Bank Allowed to Operate Without Impunity, Says Cash

Scotia Bank Allowed to Operate Without Impunity, Says Cash

Following Scotia Bank’s announcement to slash as many as 1,500 jobs and shut down at least 120 of its branches around the world including many of them in the Caribbean, Free National Movement (FNM) Chairman Darron Cash said that this announcement is “very disturbing” and he admitted to the Bahama Journal that both successive governments [...]

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Gov’t To Select BEC Partner By Month’s End

The negotiation process between the government and bidders who seek to become a managing partner for The Bahamas Electricity Corporation (BEC) is expected to get underway soon, this according to Deputy Prime Minister and Minister of Works Philip Davis. He added that the government hopes to select this managing partner for BEC before the end [...]

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Columbus International Inc. Agrees to Terms of Acquisition by CWC

Columbus International Inc. (“Columbus”) has reached a conditional agreement, subject to customary regulatory approvals, to be acquired by Cable and Wireless Communications PLC (“CWC”). The proposed acquisition, valued at US$3.025 billion, will enable the combined company to significantly accelerate growth, improve service delivery to customers in the region, offer customers a more comprehensive portfolio of [...]

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Bahamas in talks with several European airlines

Tourism officials are anticipating an increase in airlift to The Bahamas from Europe, thanks to many promising discussions with travel partners at World Travel Market (WTM) in London. The Bahamas Ministry of Tourism is currently working on reintroducing direct charter flights from Italy to Grand Bahama, and bringing back direct flights from Germany. Visitors from [...]

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