Local Business


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‘Fix low hanging fruit’ before Lucayan close

The Government was yesterday urged to fix “the low hanging fruit” by ensuring Grand Bahama International Airport remains open beyond 6pm while it moves to close the sale of the island’s major resort.

Entrepreneur’s ‘shock’ over $15 lettuce price

A Cat Island entrepreneur yesterday revealed her “shock” when she discovered a local grocery store was selling lettuce for $15, saying: “The realities are striking.”

Make San Salvador World Heritage site

A Ministry of Tourism executive yesterday urged The Bahamas to “lobby in earnest” for the entire island of San Salvador to be designated a UN World Heritage Site, adding that this typically boosted business volumes by 8-15 percent.

‘Beyond time’ for key land reforms

It is “beyond time” for The Bahamas to reform a “precarious” land administration system where half of all privately-owned parcels were previously estimated to be in dispute, an attorney said yesterday.

Cat Islanders target July in airport revival proposal

Cat Island stakeholders are aiming to present a proposal to upgrade Arthur’s Town airport and other critical infrastructure to the Government by this July, it was revealed yesterday.

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Insurers warn on ‘double digit’ auto repair increase

Bahamian insurers yesterday warned they are examining “high double digit increases” in auto repair costs to determine if an increase in motor vehicle premiums is justified over the medium to long-term.

Bank sold despite ongoing legal fight

A Bahamian bank’s sale has been confirmed by its statutory administrator despite his actions, and those of the Central Bank, being subject to a legal challenge that is ongoing before the Supreme Court.

Flowers ordered to pay ex-FML executive $120k

Craig Flowers’ FML web shop chain has been ordered to pay a former senior executive $120,000 plus interest after the Court of Appeal overturned a previous verdict relating to “irregularities” designed to inflate staff earnings.

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Bahamas will ‘fight’ EU, OECD on digital assets

The Bahamas will likely have “to fight” the European Union (EU) and Organisation for Economic Co-Operation and Development (OECD) to preserve its digital assets leadership, the Opposition’s leader warned yesterday.

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Bran’s law firm receives $62.5k on Gibson case

The Democratic National Alliance’s (DNA) former leader yesterday accused Adrian Gibson of “costing the Bahamian people an extra $22,500” after the Water & Sewerage Corporation settled the full amount of his law firm’s claim out-of-court.

Electrical retailer in zoning clash with major developer

A major New Providence developer is objecting to an electrical retailer’s bid to rezone five acres it owns near Lyford Cay to commercial, which it argues will aid the property’s sale and fetch a higher purchase price.

A ‘poisoning of the well’ on COVID food initiative

The Opposition’s leader yesterday accused the Prime Minister of committing a “poisoning of the well” by “drip feeding” Bahamians assertions about the COVID food assistance initiative that were not yet supported by evidence.

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BOB shedding ‘haunted’ past with 20% growth goal for ‘23

Bank of The Bahamas top executive yesterday asserted it is moving beyond the bail-outs that “will forever haunt” the institution with predictions it will grow this year’s forecast $7m profit by a further 20 percent in 2023.

Shed tax haven label for digital assets win

The Bahamas will lose its position as a digital assets leader and the potential economic “upswing” if it fails to shed its ‘tax haven’ label, a Bahamian financial services provider warned yesterday.

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Gov’ts ‘flat-out concealing’ millions in contract awards

The Opposition’s leader yesterday hit back at the Davis administration for “flat-out concealing” millions of dollars in contracts it has concluded since taking office by failing to comply with the Public Procurement Act.