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Smith open to investors for his PI project
A Bahamian entrepreneur said he has the funding to complete his $2m Paradise Island Lighthouse project despite just last week seeking investors.
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Investors’ interest in Grand Lucayan ‘growing every day’
DEPUTY Prime Minister Chester Cooper said the level of interest from investors in the Grand Lucayan property is growing every day and the government is working diligently to achieve a positive outcome for the resort on Grand Bahama and its residents.
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Realtor unveils his rent-to-own crowdfund plan
A Bahamian realtor yesterday predicted his crowdfunding-driven rent-to-own initiative could build a $10m property portfolio within two years, adding: “The sky’s the limit.”
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Exchange controls to be ‘less of hindrance’
The Central Bank’s governor yesterday pledged to make exchange control restrictions “less and less of a hindrance” to Bahamian investors and companies seeking capital.
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Cooper pledges temporary fixes at ‘deplorable’ airport
DEPUTY Prime Minister Chester Cooper has condemned the “deplorable” working conditions of airport employees at the Grand Bahama International Airport, promising to seek support from Cabinet to allow some temporary “fixes” at the facility.
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Tech bubble or opportunity?
ActivTrades
Numerous stocks from the technology sector have recently been hit hard. Is the Opportunity there now to buy or leave it alone?
Story
Frustration mounts over cay’s ‘economic disaster’
A Treasure Cay investor yesterday described the Abaco-based destination as an “economic disaster” due to its painfully slow rebound from the devastation inflicted by Hurricane Dorian.
Story
Big data is big business
ActivTrades
A lot of investors call data the new oil or gold. But they are wrong, since data nowadays is much more valuable to all companies as it is almost irreplaceable.
Story
Backing for financier’s Treasure Cay purchase
A controversial Austrian financier’s bid to acquire the Treasure Cay Resort was yesterday backed by one stakeholder as the only way to prevent the community suffering further economic blight.
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Digital payments player sees off Sebas seizure
A Bahamian digital payments provider has successfully fought off a bid to seize control of its operations by fully repaying the debt owed to Sebas Bastian’s investment house.
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Sir Sol’s equivalent a must for Lucayan
The Grand Lucayan must be acquired by a Sir Sol Kerzner equivalent to ensure long-term success, a hotelier said yesterday, arguing: “Business model is more important than cheque book size.”
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Heads of agreement signed with Western Atlantic University School of Medicine
THE government signed an amended Heads of Agreement with Western Atlantic University School of Medicine yesterday.
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Govt approved $1m to support Bahamas Pavilion and 'presence' in Dubai
THE Davis administration approved up to $1m to support The Bahamas Pavilion and a Bahamian "presence" in Dubai, according to Director of Communications in the Office of the Prime Minister Latrae Rahming.
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Atlantis heads for Somewhere Else
Atlantis yesterday unveiled a partnership that will see part of the iconic property, the Beach Towers, rebranded under a different name for the first time in its 27-year history.
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Reserves slide continues trend with four percent fall
External reserves slid by four percent in November, continuing a trend, according to the Central Bank of The Bahamas.
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Davis: We must partner with private sector to succeed
PRIME Minister Philip “Brave” Davis told business leaders that his administration will play its part in enhancing the country’s macroeconomic environment, but needs partnership with the commercial sector for the country to succeed.
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Lucayan price tag set at $150m
MINISTER of Tourism, Investments and Aviation Chester Cooper said the government hopes to sell the Grand Lucayan resort for about $150m, the amount that has already been invested in the project.
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‘This is the time to get out’ of oil exploration
Environmental activists yesterday renewed arguments that a permanent ban on oil drilling in Bahamian waters “really makes sense now” as they urged the Davis administration to act.
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EDITORIAL: Is Dubai spending the best use of our money?
THE trip by a Bahamian delegation to Dubai was always going to raise questions about the cost.
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Sale frustration leaves Treasure Cay ‘in limbo’
Uncertainty over Treasure Cay’s post-Dorian recovery and future ownership is dampening its economic prospects and resulting in “endless” streams of revenue being left untapped.
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