Local Business


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Web shop hold-outs on ‘shaky ground’

The Attorney General yesterday warned the web shop industry’s tax hold-outs they are on “very shaky ground” in failing to comply with the settlement agreed with the Government.

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Grand Bahama Power: Grid instability ‘havoc’ coming to an end

A SENIOR Grand Bahama Power Company executive yesterday voiced optimism that its $10m battery storage facility will prevent its major industrial customers “wreaking havoc in the grid”.

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GB Power needs ‘20 times’ existing plant on 30/30 goal

GRAND Bahama Power Company would need “20 times’” the size of its existing solar energy plant to achieve the Government’s “30 by 30” renewable goals, it was revealed yesterday.

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Govt boosts minority investor protections

THE Government yesterday unveiled multiple legislative changes to boost minority investor protections and enhance the competitiveness of the Bahamian capital markets.

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Financial Intelligence ‘put away in corner and forgotten about’

A KEY agency in The Bahamas’ battle against financial crime had been “put away in a corner and forgotten about”, the deputy prime minister argued yesterday.

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‘Irreversible’ harm fears on $580m Abaco project

The Government has been urged to reject the proposed $580m South Abaco mixed-use resort project due to “tremendous concerns” over its “financial viability and environmental impact”.

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Chamber chief: ‘We can’t settle for 2.1% GDP rise’

The Bahamas must “challenge itself” to achieve higher GDP growth rates than the 2.1 percent expansion projected for 2019, the Chamber of Commerce’s chief executive has urged.

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MP: ‘Environmental sensitivities huge’ for $580m resort

South Abaco’s MP has acknowledged that “huge environmental sensitivities” are associated with the proposed $580m mixed-use resort project proposed for his constituency.

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‘Incredulity’ of court at $30k pay-off

The Court of Appeal has expressed “sheer incredulity” over a $30,117 compensation award to a former part-time BTVI instructor following the valid termination of her last two-year contract.

Baha Mar opening drives Cable Beach ‘resurgence’

Baha Mar’s opening has driven a “resurgence” in the Cable Beach real estate market due to the desire of its senior executives to live close to work.

Antiquities Corp in heritage sites deal

A Bahamian investor group has signed a Memorandum of Understanding (MoU) to take over management and restoration of key New Providence heritage sites.

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RoyalStar targeting Caribbean acquisition

RoyalStar Assurance and its Trinidadian partner are targeting a Caribbean acquisition that is expected to close before year-end 2019 as part of a regional expansion strategy.

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Security firm to ‘raise bar’ as legal woe ends

A Bahamian security firm is now focusing on “raising the bar” for itself and wider industry after settling a legal battle with its former partner on the criminal ankle bracelet monitoring contract.

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Don’t ‘reinvent the wheel’ over Abaco mega project

An Abaco realtor yesterday queried why the Government was “reinventing the wheel” with new multi-million dollar resort projects when existing ones were for sale at a fraction of these sums.

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EIA findings crucial for $580m project

The Abaco Chamber of Commerce’s president says the fate of the $580m mixed-use resort project proposed for the island’s south will be decided by the environmental impact findings.