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Spotless Cleaners' dry cleaning days are numbered. The company will shut its doors permanently as early as this week, closing eight stores in New Providence and leaving 42 persons unemployed. Owner of the laundry chain Samantha Harajchi told Guardian Business that the economic climate played a large role in the move. "The economy has been rough on us and unfortunately it got to the point where we ...
With just 10 days left to apply, the Ministry of Finance has received 58 applications and approved 22 businesses under its road works relief plan.
The government held a press conference yesterday at the Prime Minister's Office to encourage more Bahamians to seek compensation. According to Michael Halkitis, the state minister of finance, approximately 800 businesses in the capital were negatively i...
The government is in no rush to bring another telecommunications provider into the market despite recent talks with Digicel, according to a leading businessman.
Dionisio D'Aguilar, owner of Superwash and a key shareholder in Cable Bahamas Limited (CBL), felt that Prime Minister Perry Christie's discussions with the company were "not surprising".
The owner of Wing Zone is appealing to the government to include businesses shut down from the road works in its relief plans. Michael Turnquest, who closed the franchise last July, said the $15 million relief plan outlined by the government does nothing for those most impacted.
The co-author of a World Bank report measuring the ease of business said The Bahamas is "falling behind" other countries in implementing meaningful reforms, with its recent drop in the rankings indicative of inaction.
Jean Michel-Lobet, a key figure behind "Doing Business 2013", told Guardian Business that the country is not falling because the government is taking negative actions. Instead, The ...