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Miller ruling reversal: No BOB, govt ‘conspiracy’
A Supreme Court judge has reversed her initial draft verdict by ruling there was “no unlawful conspiracy to deliberately injure” an ex-Cabinet minister in the breaching of five multi-million lease deals.
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‘Double edged sword’
Royal Caribbean’s Paradise Island plans are “a double edged sword” that could improve The Bahamas’ tourism product yet “hurt” Bay Street and local entrepreneurs, it was argued yesterday.
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Bahamians urged to support investors as $3m plaza opens
A Cabinet minister yesterday urged Bahamians to shop at home and help rebuild the economy post-COVID-19 as he opened a $3m Grand Bahama shopping plaza.
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Issues and ideas
The Gaming Industry and our economic recovery. This is my second article in a series of articles that I am writing with ideas that in my opinion would boost the Bahamian economy.
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Firms 'understate' $18.7m Business Licence turnover
Six companies reported "significantly understated turnover" worth a collective $18.674m on their business licence renewals during the 2017-2018 fiscal year, it was revealed yesterday.
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Super Value cuts Sunday hours on 25% sales drop
Super Value has slashed Sunday shopping hours after sales “dropped off 25 percent”, its principal revealed yesterday, adding: “They aren’t coming to show off their church hats any more.”
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‘Extraordinarily high’: Transport costs now 20% of goods prices
A well-known Bahamian retailer is advising locals “to shop early because prices will not be going down” with transport costs accounting for an “extraordinarily high” 20 percent of product costs.
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Central Eleuthera faces new water cut-off threat
Central Eleuthera residents face having their water supply cut-off at 2.30pm this afternoon with the provider blaming the situation on inaction by the Water & Sewerage Corporation.
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Outsourcing to drive growth in agricultural
A Cabinet minister yesterday unveiled a privatisation, outsourcing and public-private partnership (PPP) strategy that is designed to reverse agricultural sector contraction and empower Bahamians.
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Back to school with little sales bump
Retailers are holding their breath for a bump in sales stemming from whatever form schools reopen next month.
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‘Rapid improvement’ desired over Water Corp’s $22m debt
The Water & Sewerage Corporation’s main BISX-listed supplier says it expects to see “a rapid improvement” in the $21.7m debts owed to it by end-September 2021.
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‘Water heater sales are lucrative on GB’
A Grand Bahama hotel operator says “it’s a lucrative business to be in hot water heater sales” as his property grapples with the same salt water issues that have afflicted the nearby Grand Lucayan.
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Legacy of the FNM
I recently heard Tommy Turnquest, a former leader of the Free National Movement, listing his party’s accomplishments after four terms in office.
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Water Corp ‘author of own demise’ on supply cut-off
The Water & Sewerage Corporation has been blasted as “the author of its own demise” over $644,000 in unpaid bills that resulted in water supply to central Eleuthera residents being cut-off for several days last October.
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Flowers defeats web shop chief’s $1m dismissal claim
Craig Flowers’ FML web shop chain has defeated a $1m constructive dismissal claim by a former senior executive who was found to have “abandoned” his post following a probe into “irregularities”.
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Lucayan seeks $3m over water ‘damage’
The government-owned Grand Lucayan yesterday said it is seeking almost $3m in compensation from the Grand Bahama Port Authority (GBPA) for “the exorbitant loss and damage” caused by poor quality water.
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A rose that grows from concrete – Bahamian blogger launches successful shop and events company during pandemic
INSPIRED by a poem by the late iconic rapper Tupac Shakur, Bahamian Kiara Rose launched a blog in the midst of the pandemic which has evolved into a popular beauty and lifestyle website and produced an accompanying accessories shop.
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Time to break cycle
The reasons for the upcoming snap election (the first in Bahamian history) are as clear as daylight. The unprecedented fiscal challenges posed by a year of lost economic activity have the government facing a dilemma long in the making.
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Brewery’s $1.331m loss exposes COVID fall-out
Commonwealth Brewery yesterday unveiled a negative $11.685m bottom line reversal as full-year 2020 revenues slumped by 28.4 percent due to COVID-19’s economic devastation.
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Kalik maker sees profitability return
Commonwealth Brewery produced a more-than $7.32m bottom line reversal to return to profitability in the 2021 second quarter, with its revival aided by relaxed COVID restrictions and a more open economy.
