Bahamas Business News

$50 million airport loan now govt

By KEVA LIGHTBOURNE,NG Senior Reporter,kdl@nasguard.comThe government has decided to assume responsibility for the first $50 million that was borrowed by the Airport Authority for major works at the L...

Politicians, transit advocates react to MTA panel plan

Political leaders and transportation advocates on Long Island, in New York City and in Albany Thursday reacted cautiously - some speaking positively, some distinctly skeptical - to a governor-appointed panel's ambitious plan to...

Catholic Schools gear up for a week of celebrations

By Bernadette Ramsey-Johnson and Joan Rolle,For The GuardianBahamian Catholic schools are gearing up to celebrate 120 years of Catholic Education in the country during the annual Catholic Schools Week...

BAIC donates to schools

By GENEA NOEL Freeport News Reportergenea@nasguard.com Three schools in Grand Bahama received a sizable donation from the Bahamas Agricultural and industrial Corporation (BAIC) to ass-ist in the purch...

B is for Bally bankruptcy

By INDERIA SAUNDERS,Guardian Business Reporter,Inderia@nasguard.comThe head of Bally Total Fitness in The Bahamas is insisting a move by its parent company to file for bankruptcy protection in the Sta...

Bahamians clicking onto online shopping

By INDERIA SAUNDERS,Guardian Business Reporter,Inderia@nasguard.com As some Bahamians cut back on travel for the holiday season, there's one area to which that frugality hasn't yet extended—shopping stateside. According to a...

Flat, Negative Growth Possible

"Well, we know that the first half of the year was supported by foreign investment inflows, a relatively good tourism performance based on pricing. The second half of the year was probably a decline. ...

Grand Bahama holding its own despiteglobal economic downturn, PM says

By LEDEDRA MARCHESenior FN Reporter Cognizant that it makes good sense to have a diversified economy, Prime Minister Hubert Ingraham pointed out on Sunday that Grand Bahama is holding its own despite ...

High praise for government deficit spending

By CANDIA DAMES,Guardian News Editor,candia@nasguard.comThe government is receiving high marks from several financial experts for its approach to the current economic crisis and its decision to jump s...

Attorney concerned about Sandals workers during economic downturn

By ROGAN M. SMITH, NG Senior Reporter, rogan@nasguard.comAs some hotels slash their workforce in response to the current economic downturn, one attorney is voicing concerns about the fact that workers...

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