Story
Realtor enjoys 25% Freeport sales rise
A prominent Bahamian realtor says sales activity in Freeport has increased by 25 percent over the past year as its economic revival ramps up, adding that the city’s “time has come”.
Story
Insurers: Monday night floods a ‘wake-up call’
Bahamian insurers yesterday said Monday night’s heavy rainfall and flooding should be a “wake-up call” for all home and vehicle owners, plus businesses, ahead of what is expected to be an active 2022 hurricane season.
Story
Chinese funding wait halts $23.3m stadium upgrades
The $23.3m renovation of the Thomas A Robinson stadium has been placed “on hold” while the Government tries to obtain grant financing from the Chinese government, a Cabinet minister revealed yesterday.
Story
Agriculture’s $3M Israeli move targets poultry output doubling
A Cabinet minister yesterday hailed a $3m partnership with an Israeli company as a “red letter day” in The Bahamas drive for greater food security following the COVID-19 pandemic.
Story
Super Value to ‘duck’ energy hike via solar
Super Value’s president yesterday said it plans to “duck” any long-term impact from higher Bahamas Power & Light (BPL) prices through the installation of solar power across its business beginning on August 2.
Story
COVID entry testing end ‘back on table’
A Cabinet minister yesterday said eliminating The Bahamas’ COVID entry testing requirements will “come back on the table” for discussion this week in the wake of the US decision to eliminate such a mandate.
Story
$5bn investment approvals target
The Government is aiming to approve $5bn in investments by year-end, the deputy prime minister said yesterday, with half that sum having already been given the go-ahead.
Story
$6m allocated for food security initiatives
THE government is allocating over $6m to support its food security initiatives, according to Agriculture and Marine Resources Minister Clay Sweeting.
Story
Two new schools for San Salvador and Exuma
THE government will build two new schools on the Family Islands at a cost of $16m each, Education Minister Glenys Hanna Martin announced in the House of Assembly yesterday.
Story
Coral disease fighter: ‘We are being seen as pirates’
The scientific institute spearheading The Bahamas’ fight against a killer coral disease yesterday said it may have to start slashing local jobs this summer due to permitting woes, adding: “We’re being viewed as potential pirates.”
Story
‘Still among leaders’: But Bahamas’ FDI down 60%
The Bahamas is “still among the leaders” despite a United Nations (UN) agency yesterday revealing that foreign direct investment inflows to this nation declined by 60 percent year-over-year in 2021 to $360m.
Story
Bahamasair: Extra $200k weekly fuel bill ‘won’t suffocate’ demand
Bahamasair’s top executive yesterday voiced optimism that a fuel bill which has skyrocketed by up to $200,000 per week “won’t suffocate” travel demand despite the airline readying “another small” fare increase.
Story
Vacation homes, retail driving Andros growth
The Andros Chamber of Commerce president says the island experienced “significant growth” in 2021 with vacation homes and the retail sector leading the way.
Story
Compass Point restaurant to follow resort into closure
COMPASS Point’s restaurant will close at the end of July, its proprietor confirmed yesterday, following the previous shuttering of the resort.
Story
Family Island companies struggle with price rises
Family Island businesses yesterday said they are struggling to contain prices as they grapple with soaring inflationary pressures impacting the entire world.
Story
Disabled crane operators lose Weather Dept tornado claims
Three former Freeport Container Port operators have lost their bid to claim damages from the Government over disabilities and “extensive psychological trauma” resulting from the March 2010 tornado that devastated the firm’s operation.
Story
Ex-GBPA chair loses $82k claim strike out
A former Grand Bahama Port Authority (GBPA) chairman’s bid to be removed as a defendant in an $82,300 claim brought by three ex-employees of his insolvent BISX-listed company has been rejected by the Supreme Court.
Story
DOMES FOR RENT: Emergency homes in Abaco have been secretly rented out
DISASTER Reconstruction Authority executive chairman Alex Storr said investigations launched on the dome project on Abaco, initiated by the previous government administration, found some residents were renting the temporary housing structures for monetary gain.
Story
AML: 8,000 sign-up for shopper loyalty move
AML Foods says more than 8,000 consumers have already signed up for its latest loyalty initiative that has been launched to help Bahamians combat soaring inflation.
Story
BPL woes can’t be solved ‘overnight’
Bahamas Power & Light’s (BPL) struggles to keep the power on are the result of “legacy issues” that cannot be solved “overnight”, a trade union leader asserted yesterday.
