Local Business


Airline's $2.1m loan expansion 'milestone'

A Bahamian airline believes it has achieved “a major milestone” by obtaining a $2.1 million loan from an Inter-American Development Bank (IDB) affiliate, which will enable its fleet to more-than-double in size.

Leadenhall wind-up is 'about 90 per cent finished'

The wind-up of the most recent Bahamian bank to be placed in court-supervised liquidation is “about 90 per cent done”, with a further $4 million dividend to creditors recently-approved.

More Airlift on Exuma's 'front board' after Silver withdrawal

Attracting more airlift will be “squarely on the front board” for Exuma’s Chamber of Commerce, after the island was dealt a blow by Silver Airways’ seeming decision to cease service to it.

Myers awaits Chamber's resignation acceptance

Robert Myers yesterday said he was waiting for the Chamber of Commerce’s Board of Directors to accept his resignation, amid increasing suspicions he had been ‘set up’ over his vehicle’s disputed valuation.

Freeport project's $575m 'sell-out'

A proposed Freeport residential resort development will have a total $575 million sell-out value based on phase one prices, its developer yesterday describing it as “the first project I’ve seen in 12 years that adds up”.

Golf event aids workforce development

More than 20 sponsors donated $50,000 in cash and prizes to support the Bahamas Hotel and Tourism Association’s (BHTA) workforce development programmes, as 100 golfers teed off in its 16th annual golf Tournament.

CWC chief on meet BTC staffers tour

Marking a nine-month milestone in his first year as Cable & Wireless Communications (CWC) chief executive, Phil Bentley is leading a ‘getting to know you’ Bahamas Telecommunications Company (BTC) ‘Team Talk Live’ visit that will bring him in touch with employees nationwide.

Bahamian realtor firm attends global summit

Damianos Sotheby’s International Realty has participated in the 2014 Sotheby’s International Realty Global Networking Event, which brought together 1,500 members from 31 countries.

Exuma outlook's speakers unveiled

The ninth annual Exuma Business Outlook will take place this Wednesday at Sandals Emerald Bay Resort, under the theme ‘Charting a Course for Growth in Exuma’.

Exuma private island resort gets go-ahead


Investors 'outraged' by lawyer's venture

Investors in the controversy-torn Oceania Heights development yesterday expressed “outrage” after this newspaper found that the attorney responsible for their land title woes has launched a business offering solutions to the exact same problems.

Solomon's Mines probe of possible inventory theft

Police are investigating the potential theft of up to $700,000 worth of inventory from luxury goods retailer Solomon’s Mines, Tribune Business can reveal.

'Awkward spot' in City Markets pension talks

Hopes for a deal that would have settled the pension obligations owed to one group of City Markets beneficiaries faded last night, after the key parties reached an “awkward position” amid suggestions of renewed legal action.

Bahamas 'never had plan' to maximise FDI

The ability of Bahamian-owned businesses to leverage foreign direct investment (FDI) projects for their own benefit is “not where it should be”, a Cabinet Minister said yesterday, arguing that this nation “never had a strategy” to achieve this.

Carnival eyed Bird Cay for private island

Bird Cay in the Berry Islands is among the locations assessed by Carnival Cruise Lines for its own port/private island in the Bahamas, Tribune Business was told yesterday.