Archive | Business

Treasure Cay Plans still a Mystery to Local Community

With no concrete plans announced but work continuing, the Abaco Defenders group remains concerned about the expansion of the Treasure Sands resort in Treasure Cay, Abaco. According to the newly formed NGO, after the initial unpermitted dredging was stopped with a cease and desist order from the BEST Commission, Treasure Sands received permission for three [...]

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D’Aguilar: BEC is a Disaster

A leading businessmen is urging the government to tackle energy reform, Super Wash President and member of the Coalition for Responsible Taxation Dionisio D’Aguilar said that today’s electricity costs are twice what they should be and said the Bahamas Electricity Corporation (BEC) is simply as a disaster. “BEC is in just an absolute horrendous condition, [...]

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BTC Investing Millions To Reduce Drop Calls

Chief Executive Officer Leon Williams at The Bahamas Telecommunications Company (BTC) admitted that previous investments made towards addressing the issue of dropped calls and data disruptions for cell phone users were not as effective as officials thought they would be and announced recently that the company will redirect it focus and invest $65 million towards [...]

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Leading Broker: Housing Incentives Fastest Route to Economic Boost, Improved Credit Rating

Leading Broker: Housing Incentives Fastest Route to Economic Boost, Improved Credit Rating

With financial experts searching for ways to recover from last week’s stunning further downgrading of The Bahamas’ credit rating, a leading real estate broker today said one answer is right in front of our faces and up and down every block. According to Mario Carey, incentives to encourage a flurry of activity in the housing [...]

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Gov’t Affirms Support For Port Expansion

The Nassau Container Port (NCP) in now in full operation and the government has reassured its commitment to the port’s further growth and development. Tourism Minister Obie Wilchombe recently toured the Arawak cay facility – one that enables the government as a 40 per cent shareholder in the port to earn $5.3 million annually in [...]

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URCA Employee Certified

URCA Employee Certified

Waldon Russell, a Case Officer and Electrical Engineer with the Utility Regulation and Competition Authority (URCA), is now a registrant of the prestigious Engineering Council (EC) of London. The EC confers upon individuals who first, qualify for membership in the Institute of Engineering and Technology (MIET), the professional title of “Chartered Engineer (CEng)”, while the [...]

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The Journey Continues at Freeport Harbour: The East Harbour Expansion Project

The Journey Continues at Freeport Harbour: The East Harbour Expansion Project

When the City of Freeport was born in 1955 with the signing of the Hawksbill Creek Agreement there was one defining mandate, to dredge a deep water harbour that became the catalyst for the growth and development of Grand Bahama Island. Today, the Freeport Harbour Company (FHC) is pleased to announce the East Harbour Expansion [...]

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Sun Oil Supports Major Summer Camps

Sun Oil Supports Major Summer Camps

It’s not every day that you see teenagers building rockets. But, that’s exactly what a group of youngsters spent the summer doing thanks to Sun Oil Ltd. The teens flexed their math and science muscles at the Bahamas Engineering & Technology Advancement (BETA) Camp, which was – for the first time – held in The [...]

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Credit Union Chief Targets 1,000 Members–BIRCCCU Launches New Debit Card & Health Insurance

The incoming CEO of a local credit union says he is hoping to attract 1,000 new members in the next year. Mark Bastian, who is set to take over the reins at Bahama Islands Resorts and Casinos Cooperative Credit Union (BIRCCCU) when its current CEO Francis Davis steps down, said “the future is rosy” for [...]

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PM Vows to Transform Junkanoo into Economic Enterprise

The government is looking to develop the culture of junkanoo into an economic enterprise for the country; Prime Minister Perry Christie said that it is time for Bahamians to be paid for the hard work they put into the annual cultural art of costume design and music. “Hand bag designers will emerge from this, designers [...]

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