Consumer dollars are not stretching as far in this post-value added tax (VAT) increase economy, according to one economic stakeholder, who said while Bahamians are still spending, they are spending noticeably less.
Chairman of the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Mike Maura said
Minister of Tourism and Aviation Dionisio D’Aguilar explained yesterday that the government has no choice but to purchase the Grand Lucayan hotel complex because it is “too important and too big to fail”.
According to D’Aguilar, Grand Bahama-based entrepreneurs like those that have opened Pirate’s Cove
The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) has engaged financial services firm KPMG to identify an economist who will carry out an economic impact analysis on the potential impact of the World Trade Organization (WTO) on the Bahamian economy, the chairman of the
At a time when commercial banks are becoming scarce on Family Islands in particular, the Sun Cash digital money transfer platform is expanding its services to allow customers to make any kind of payment in Bahamian dollars from anywhere in the country.
It’s the only licensed,
Small Business Development Centre (SBDC) Executive Director Davinia Blair announced on Thursday, September 13 that the SBDC hired an associate director of operations and had contracted for someone to design and build the SBDC website.
The SBDC is the product of a tripartite arrangement between the government, through the
Weeks after acquiring its new Super Post Panamax cranes, Hutchison Ports FCP welcomed the largest vessel to ever call at the facility.
The MSC Shreya B, a 12,000 twenty-foot-equivalent-unit (TEU) vessel, called at the port recently, opening the door to a new scale of business. The
As Prime Minister Dr. Hubert Minnis outlined the steps his government undertook in its attempt to facilitate the sale of the Grand Lucayan to a private entity with the threat of closure lingering, he stressed yesterday that the government ultimately intervened to purchase the resort because
The cost of renovating the Grand Lucayan resort and its properties would be nearly $39 million, Deputy Prime Minister and Minister of Finance Peter Turnquest revealed last night.
However, the government has not made a final determination on which areas of the property it would renovate,
Several members of the Consultant Physicians Staff Association (CPSA) yesterday held a demonstration at Princess Margaret Hospital (PMH) to warn the Public Hospitals Authority that, if it doesn’t meet their demands, they will take industrial action.
The group held signs that read, “Fix the A/C in theatre,
Telling the government the purchase of Grand Lucayan hotel in Freeport for $65 million is a bad move, opposition leader Philip Brave Davis said the government ought to have continued paying the owners of the resort for operational losses to keep the Lighthouse Pointe open while it facilitated a sale