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Junkanoo Beach vendors back transformation plans
THE Junkanoo Beach Association’s (JBA) president yesterday praised the Government’s plans to overhaul the destination as “magnificent for the whole product overall”.
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Valid complaints
I am a resident of the Gambier Heights Subdivision.
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GB medical school’s $25m expansion to give 200 jobs
A Grand Bahama medical school says its imminent $25m expansion will create 200 construction jobs as it dismissed a legal battle with its co-founder as “a distraction”.
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Arawak port targets 40% energy slash
Nassau’s main commercial shipping port is aiming to slash energy costs by between 30-40 percent through its solar energy expansion with key financial indicators already beating 2024 full-year forecasts.
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‘Writing was on the wall’ on PharmaChem close
A Grand Bahama businessman says he is “not surprised” that PharmaChem Technologies will cease operations tomorrow as the “writing was on the wall” from a few years prior.
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Electric vehicle dealer in new HQ expansion
A Bahamian electric vehicle dealer yesterday unveiled plans to expand to “a major location” and grow its workforce after becoming the first investment for RF Bank & Trust’s newly-launched private equity fund.
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‘Another kick in the teeth’: GB to lose 100 PharmaChem jobs
The loss of more than 100 well-paid jobs through PharmaChem Technologies’ Friday shutdown was last night branded “another kick in the teeth” for Grand Bahama’s struggling economy.
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PharmaChem more than $68m insolvent
PharmaChem Technologies is more than $68m insolvent with its major creditor having secured just 26.3 percent of the massive debt owed to it, Tribune Business can reveal.
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Balmoral Club’s hotel given history preserver’s go-ahead
Regulators responsible for preserving The Bahamas’ historic buildings have given the go-ahead for the Balmoral Club’s 50-unit condo hotel expansion at the site of the existing clubhouse.
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Fidelity ‘not revising’ $16m profits target
Fidelity Bank (Bahamas) yesterday said it is “not revising” its $16m profit target for the 2023 full-year despite its bottom line for the first nine months slumping by 31.5 percent year-over-year.
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INSIGHT: While Atlantis flip-flops, concerns turn to impact of RCI’s project on Downtown
PEACE has apparently broken out between Atlantis and Royal Caribbean – and to hear the president of Atlantis tell it, there was never any opposition in the first place.
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Heroic Concrete and Concrete Products breaks ground on $6.4m plant in GB
A new $6.4m concrete manufacturing plant, the first to be operated by a Grand Bahama woman, will be fully operational by January 1, 2024.
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Grand Bahama Port Authority: Decisive action required to continue to achieve promise of Hawksbill Creek Agreement
IN response to Prime Minister Philip “Brave” Davis’ criticisms that the Hawksbill Creek Agreement model does not work, the Grand Bahama Port Authority said Freeport’s economy is showing signs of recovery with more than $1.5 billion in foreign direct investments well underway.
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Sebas e-commerce platform launches courier services
The e-commerce provider owned by Sebas Bastian and his partners has confirmed its expansion into freight forwarding services via a sales tax-free US address.
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Balmoral condo hotel appeals may be joined
The planning authorities will decide on February 15 whether to combine two appeals over the Balmoral Club's plans to develop a condo hotel into one hearing.
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‘Quality new credit’ hard to find with $127m drop
Fidelity Bank (Bahamas) says the more than $127m collective decline in outstanding mortgage and consumer loans during 2022 shows “quality new credit” and borrowers will be tough to find despite the economy’s rebound.
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‘Room for improvement’: Trade deficit expands 28% to $1.09bn
The Bahamas Trade Commission’s chairman yesterday said “there’s a lot of room for improvement” after this nation’s trade deficit expanded by almost $184m or 28 percent year-over-year to hit $847m in the 2023 second quarter.
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Balmoral to appeal ‘baffling’ hotel denial
The Balmoral Club has confirmed it will appeal against the Town Planning Committee’s (TPC) “baffling” rejection of its $25m, eight-storey condo hotel expansion.
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Sandals expansion awaits ‘overwater’ policy reforms
Sandals is proposing to expand its Fowl Cay property through the development of ten “overwater” bungalows in “anticipation” that the Government will finally end the two decade-plus wait for a policy governing such structures.
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FOCOL targets wide growth in ‘preparing for the next 50 years’
FOCOL Holdings’ top executive last night said it is targeting growth “in every sector of our business”, including gas stations and electricity generation, and added: “We’re preparing for the next 50 years.”
