Archive | Business

Looming Competition Forces BTC To Eye New Markets–BTC looks to expand reach to Haiti

The Bahamas Telecommunication’s Company (BTC) Chief Executive Officer Leon Williams admitted that the telecommunications giant is looking to extend its services outside of The Bahamas in an effort to survive in a market that will continue to grow and become more competitive. He added that he is accused of attempting to push the panic button [...]

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Flight Services Execs Tour Baha Mar

Flight Services Execs Tour Baha Mar

Executives of the Nassau Flight Services VIP Department were taken on an in-depth tour of the multi-billion dollar Cable Beach resort and learned about some of its amenities. In addition to its unprecedented multimillion dollar investment in service training, Baha Mar’s strong relationships with hospitality partners will be an important part of creating a world-class [...]

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VAT Education Campaign Gets Underway

The Public Education Campaign on Value Added Tax (VAT) held a one day workshop last Friday that was focused on what is to come once the tax is implemented early next year. In what he termed a simple information session, Financial Secretary John Rolle said VAT guidelines will be released as early as sometime this [...]

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Scotiabank Host Customer Education Seminars

The process towards buying a new home or car can be overwhelming, for this reason Scotiabank held a Mortgage and Auto Show coupled with educational seminars for members of the public. According to Scotia Bank’s Manager of Sales and Services Coach Cleveland Palacious, the bank saw the need to lend a helping hand. “We are [...]

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Aviation Lawyer: Bahamas Has Chance to ‘Get Out in Front’ In Drone Legislation

Two recent close calls between unmanned aerial vehicles and passenger aircraft on the same day – one incident on the approach into New York’s busy LaGuardia airport, the other in California – drew international attention to the increasingly pressing issue about what to do with growing numbers of remotely-controlled drones in crowded airspace. Now, a [...]

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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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