Sky Bahamas’ principal yesterday said the airline and its 63 employees are fighting for its survival following a two-week long grounding due to delays in a key permit’s renewal.
The Bahamas Telecommunications Company’s (BTC) trade unions have been warned their tactics “could be fatal” to a business that has lost $110m in revenue in less than three years.
Abaco's main shipping port faces a 'make or break' inspection tomorrow that could result in its closure and derail the island's economy by halting virtually all cargo trade with the US.
Bank of The Bahamas has accused companies jointly owned by an ex-Cabinet minister’s family trust of “already abandoning” claims worth $10m in their bid to enforce a default judgment.
Bahamians face paying “another tax on society” to support the near-75 percent of workers not covered by an employer-sponsored pension plan, a leading investment banker has warned.
Citibank has been selected as the lead adviser for the $450m-$550m mega financial restructuring of Bahamas Power & Light (BPL), Tribune Business has been informed.
Bahamas Power & Light’s (BPL) chairman yesterday said the four Family Islands targeted to pioneer solar energy’s roll-out were selected because of their “additional generation needs”.
A company part-owned by Brent Symonette's family offered to raise up to $750m in cheap British government loans to fund critical infrastructure works in The Bahamas.
Sarkis Izmirlian’s $2.25bn fraud and breach of contract claim against Baha Mar’s main contractor was yesterday given full clearance to proceed by a New York appeals court.
The deputy prime minister yesterday warned that following the IMF’s income tax call would likely result in “a significantly higher tax burden” for middle class Bahamians.