Local Business


Tease photo

Hayward backs bid to ‘reimagine’ GBPA

A Hayward family member yesterday pledged “an ambitious masterplan for change” to create “thousand of jobs” in Freeport as he backed efforts “to reimagine and revolutionise” the Grand Bahama Port Authority (GBPA).

Gov’t warns US airlines: ‘You won’t bully Bahamas’

THE Government Wednesday warned the US airline industry that it will “not bully The Bahamas into surrendering its sovereignty” over assertions that this nation’s air navigation fees are excessive and unjust.

Tease photo

Five-year verdict delay an ‘embarrassment to justice’

The Appeal Court’s president yesterday slammed the five-year delay in issuing a verdict on a $115,489 pension theft dispute as “an embarrassment to the administration of justice in this country”.

Appeal justice backs Condo Act reform call

An Appeal Court justice this week backed calls by a Supreme Court counterpart for reforms to the Condominium Act that will remove potential obstacles to the resale of units in such complexes.

Tease photo

FTX’s Bahamas creditors say minimal sums owed

Multiple Bahamian companies identified as FTX creditors yesterday asserted that the purported sums owed to them were minimal to non-existent.

Snacks providers seeking more sugar, salt tax detail

AN ICE cream parlour yesterday said it is “getting into the swing” of things for 2023 despite talk of the Government implementing new taxes targeting sugar and salt.

Tease photo

Super yacht ambitions to boost cruise port margins

Nassau Cruise Port’s chief executive is optimistic that its “super yacht destination” ambitions and full opening will significantly improve operating income margins that are currently among its parent’s lowest.

Tease photo

FTX US chief moves to ratify Bahamas co-operation deal

FTX’s US chief last night moved to ratify the co-operation agreement thrashed out with the crypto exchange’s Bahamian joint provisional liquidators to end two months of bitter public clashes.

Tease photo

Fiscal Council’s reports ‘not a flip of the switch’

A Fiscal Responsibility Council member yesterday said there was nothing sinister about the body’s delayed publication of two key reports, and asserted: “This is not a flip of the switch.”

BID is ‘missing piece’ of downtown’s puzzle

The Downtown Nassau Partnership’s (DNP) co-chair says the creation of an authority to truly manage the city is “the missing piece of the puzzle” with his group having achieved “80 percent of what we set out to do”.

Tease photo

‘Good time to be a seller’, says realtor

A Bahamian realtor yesterday said it is a “good time to be seller” as the demand for properties valued under $500,000 has generated numerous inquiries from prospective purchasers.

Tease photo

Don’t allow preparation to become procrastination

Starting a business can often be a worrisome decision, especially if you have never done it before. It is so easy to spend months, or even years, researching best practices to avoid potential pitfalls. But procrastination can also be just as big a hindrance to becoming an entrepreneur, especially if all your friends and family will be watching and you do not want to be viewed as a failure.

‘Be careful how world eyes Freeport change’

THE GRAND Bahama Chamber of Commerce’s president yesterday warned that the Government must pay attention to how its actions are perceived by potential investors as it strives for major in Freeport’s governance.

Poultry producer gains $40k solar finance help

An Abaco poultry producer yesterday disclosed it has received a $40,000 “small climate grant” to finance the installation of solar energy at its farm.

Water Corp eyes upkeep slash through electric vehicle spend

THE WATER and Sewerage Corporation yesterday said it is investing $100,000 in acquiring electric vehicles as part of a strategy to slash $4m-$5m in annual auto maintenance costs.