Archive | Business

Wyndham Nassau Resort Officially Closes

Effective today, Baha Mar officials announced that the Wyndham Nassau Resort will cease its operations. In a press statement issued Thursday, officials noted that the closure will not result in layoffs and the operations of the Crystal Palace casino will continue. The Wyndham Nassau Resort will become the Crystal Palace Training Hotel. “Banquet halls, meeting […]

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Golf Legend Jack Nicklaus Visits Baha Mar Golf Course Before December Opening

Last week, golf legend and course designer Jack Nicklaus made one of the last in a series of scheduled visits to the Jack Nicklaus Signature Golf Course at Baha Mar before the course and the resort open this coming December. The Jack Nicklaus Signature Golf Course is the highest tier of design offerings at Nicklaus […]

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Caribbean Labour Union Concerned about C&W Outsourcing

A day after one of the major umbrella unions in the country threatened to completely shut the country down if a number of labour issues are not sorted out, Thursday was celebrated around the world as International Workers Day. In a message to workers in the region sent by the Caribbean Congress of labour, of […]

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“Reef Destroyer” Arrives In Bimini

A mammoth seafloor dredger, dubbed ‘The Reef Destroyer’ by local environmentalists, has arrived in Bimini as developers forge ahead with construction of a controversial ferry terminal despite a top judge’s stern warning. The 450-foot, 1,200 ton Niccolo Machiavelli is a specialised cutter-suction dredger designed to break up hard material which standard dredgers cannot remove. It […]

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Bahamas to Host International Chef Summit

More than 25 international and local chefs will be in the country this Thursday for the first annual Minority Chef Summit which will provide Bahamian chefs with an opportunity to showcase their talents on the international stage. Chef and owner of Simeon Hall Restaurant Group, Simeon Hall Jr. said that the summit aims to bring […]

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Bahamas To Host High Level Education Meeting–Country To Reap Significant Economic Benefits.

Hotel rooms are expected to exceed 4,000 room nights next summer when more than 1,000 foreign delegates flock the capital to attend a high level education conference. According to Education Minister Jerome Fitzgerald, the spinoff benefits of hosting the 19th Conference of Commonwealth Education Ministers (CCEM) will be equally significant. The government has allocated $2 […]

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VAT Is Among The Best Tax, Says Experts

Value Added Tax consultants brought in by the Christie administration say that aside from Real Property Tax, Value Added Tax (VAT) is the best form of taxation a government could introduce. According to Don Brash, one of the VAT consultants who helped introduced the tax to New Zealand in 1986; just as is happening in […]

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PM Encourages UWI To Assist With BAMSI

Prime Minister Perry Christie gave a charge to the executive governing body of the University of West Indies (UWI) explaining to them that he should not have to seek advice on projects such as The Bahamas Agricultural and Marine Science Institute (BAMSI) from universities outside the region. “The University of the West Indies as the […]

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Business Teams Up With BTVI

As part of ongoing efforts to increase the number of qualified workers in the industry, The Air Conditioning Depot (commonly known as AC Depot), along with its sister company Total Comfort Air Conditioning, have teamed up with The Bahamas Technical and Vocational Institute (BTVI) to give hands-on training and guidance to the students of their […]

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RBC To Slash As Many As 200 Jobs

There will be layoffs at the Royal Bank of Canada (RBC), according to RBC’s Managing Director, Nathaniel Beneby Jr. While he could not confirm exactly how many jobs have been made redundant as the bank’s “holistic” review of costs continues, Mr Beneby said he was confident that net reductions would be “favourable”. The Bahama Journal […]

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