Archive | Business

US Consultants Assess BEC Problem

Consultants from US based company Power Secure are in The Bahamas meeting with a team of experts from the Bahamas Electricity Corporation (BEC) to get to the root of last week’s island wide blackout in New Providence. According to BEC Chairman Leslie Miller, the two sides have been locked in meetings both Monday and Tuesday. [...]

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Commonwealth Bank Honours Junior Achievers

Commonwealth Bank Honours Junior Achievers

More than 25,000 young people have passed through the training grounds of Junior Achievement since the late 1970s, learning how to run a business by operating one in a club while still in school, but for this year’s crop of teen entrepreneurs there was something extraordinary about the exercise. SPARKS, sponsored and mentored by Commonwealth [...]

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Vacation Express Boost GB Tourist Numbers

Vacation Express Boost GB Tourist Numbers

The partnership between Vacation Express, the Grand Bahama Promotion Board (GBPB) and Bahamasair is reportedly yielding positive results. The partnership, which began on May 1 and will last until October 31 is expected to bring in thousands of tourists from Birmingham, Alabama; Raleigh, North Carolina; Columbus, Ohio and increase the average night stay in the [...]

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Rotational Leadership Programme Launched

Rotational Leadership Programme Launched

A leading jewelry company has teamed up with the government to provide training opportunities for a group of Bahamians. Diamonds International Bahamas last week announced its partnership with the Ministry of Labour and National Insurance to launch a Rotational Leadership Programme. The programme will give employees of Diamonds International a chance to train for two [...]

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DPM Defends BEC’s Reform Plans

The US’ most recent assessment of state owned enterprises (SOEs) specifically local energy giant, the Bahamas Electricity Corporation (BEC) has again missed the mark, as far as a senior policymaker sees things. The US State Department 2014 Investment Climate Statement notes that much like national flag carrier Bahamasair, BEC is equally challenged and “is seen [...]

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Southwest Airlines Begins Int’l Service to Nassau

Southwest Airlines Begins Int’l Service to Nassau

Southwest Airlines on Tuesday made its inaugural direct flight from Baltimore, Maryland to New Providence and now the company is offering travel packages to commemorate the event. Southwest Vacations is offering up to $200 off for travel packages booked now through July 14 and for travel August 10 through December 17. The bundled travel packages [...]

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Annual Report Reveals Dip In Trade Numbers

The Department of Statistics has released the 2013 Annual Foreign Trade Statistics report and according to the numbers released, the country’s numbers on foreign trade are dismal. The report that presents data on the volume and nature of trade between The Bahamas and its trading partners estimated that during the year 2013 the value of [...]

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New RBC FINCO Managing Director Appointed

New RBC FINCO Managing Director Appointed

The Board of Directors of RBC FINCO last week announced the appointment of Mr. Robert Pantry to the position of Managing Director, RBC FINCO effective today. Mr. Pantry is a 14-year banker with extensive operations and sales experience within the RBC Royal Bank network. RBC officials said Mr. Pantry has a well rounded lending background [...]

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Group Seeks To Bring More Private Pilots To The Bahamas

Executives of Sun ‘N Fun met with Minister of Tourism Obie Wilchcombe in Grand Bahama recently in hopes of partnering with the Government of The Bahamas to find new ways to increase the number of private pilots flying to The Bahamas. During a press briefing before the meeting, Director of Bahamas Sports Development Marketing Greg [...]

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Brewery’s Multi Million Dollar Expansion is Light at the End of the Tunnel for Grand Bahama

Brewery’s Multi Million Dollar Expansion is Light at the End of the Tunnel for Grand Bahama

- In 2013, the Bahamian Brewery and Beverage Company revealed a strategy to the government to expand their operations but due to the possibility of increased taxes, those plans were put on hold. However, during a recent press conference at the Ministry of Grand Bahama, Owner and CEO James ‘Jimmy’ Sands proudly announced that in [...]

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