Archive | Business

Melia’s Begins $19M Renovation Project

Phase one of the Melia Nassau Beach property’s $19 million renovation plan has begun with the expectation that everything will be complete by November. According to officials, renovations throughout the entire Cable Beach resort should be finished by early 2016. “The resort will remain open throughout the redesign with minimal interruptions to the guest experience,” […]

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No Reduction In Smart Phone Duty, Says Williams

Despite a push from the Caribbean Association of National Telecommunication Organisations (CANTO) to it member states to reduce tariffs on smart phones, Bahamas Telecommunications Company (BTC) CEO Leon Williams advised yesterday that this reduction is unlikely to happen here in The Bahamas until there is a major tax reform. The reason, Mr. Williams said, is […]

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Construction Increased In First Quarter

The construction industry performed well in the first quarter of 2014, according to the Central Bank’s latest Quarterly Economic Review. “Construction sector activity continued to be dominated by large-scale foreign investment projects in the hotel sector, as the government’s public sector infrastructure programme tapered,” the report said. “Data from domestic banks, insurance companies and the […]

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Science and Tech Students Get Celebrity’s Advice

The Commonwealth of The Bahamas is being positioned to lead the region in Science Technology Engineering and Mathematics (STEM) careers within the next few years, now that American-based Rocket Fuel “Gives Back” and Millennium Engineering and Integration have joined local pioneers in producing a successful summer camp. The camp was organised by STEMBoard Founder Aisha […]

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1.8 Million Tourists Visit Bahamas In First Quarter

Over the first quarter for 2014, 1.8 million people visited The Bahamas, according to the Central Bank’s latest Quarterly Economic Review. The report explained that there were “modest gains” in the country’s tourism output. “The total number of arrivals firmed marginally by 0.8 per cent to 1.8 million over the first quarter of 2014, a […]

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Tourism Officials On A Mission To Boost Airlift

Despite Baha Mar’s recent announcement to delay its 2014 opening, Ministry of Tourism officials are still aggressively working towards bringing in new airlift for the country. Minister of Tourism Obie Wilchcombe told the Bahama Journal recently that the aim is to continue with new markets to assist with turning the economy around. “Over the next […]

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Primeval Forest National Park Open for Exploring This Holiday Weekend and Summer

With summer quickly coming to a close and back-to-school right around the corner, Primeval Forest National Park will be open this holiday Monday, August 4 where guided tours will be available to visitors. As the capital of The Bahamas, New Providence is home to two-thirds of all Bahamians, which means it provides the ultimate fast-paced, […]

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Haitian Gov’t Urged to Promote Ease of Business —Chamber of Commerce Planning A Trade Mission Trip

Given the recent tri-lateral agreements signed to bolster trade and investment relations between The Bahamas, Haiti and Turks and Caicos Islands (TCI), The Bahamas Chamber of Commerce (BCC) President Edison Sumner urged its members to explore investment opportunities in North Haiti, the new ‘hotspot’ for business expansion but he also urged Haitian officials to increase […]

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All Female Company Making Waves in Building Industry

Mention construction and instant images of concrete blocks, cement and hardscrabble men in hard hats come to mind. But in The Bahamas, a softer side of construction is emerging, thanks to a two-woman company that is transforming newly-built condos and townhomes into inviting, move-in-ready homes. It’s the post-construction final touch, the luxurious-looking, highly affordable fully-furnished […]

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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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