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‘Two-step’ proposal on gas dealer margin rise
Petroleum retailers yesterday disclosed there has been “movement” on a proposed “two-step” solution to their margin woes as they warned: “We cannot wait until the Budget debate is over.”
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FTX chief’s Albany handover to preserve $200m recovery
The head of FTX’s Bahamian subsidiary is handing over his Albany home to local liquidators to ensure the recovery of “more than $200m” from selling-off the crypto exchange’s real estate is not endangered.
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FTX’s Salame hands $200m Albany home to liquidators
THE head of FTX’s Bahamian subsidiary is handing over his Albany home to local liquidators to ensure the recovery of “more than $200m” from selling-off the crypto exchange’s real estate is not endangered.
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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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‘Folly’ to release PwC’s $357m GBPA research
A Cabinet minister yesterday asserted it would be “folly” for the Government to disclose evidence showing how the $357m payment demand issued to the Grand Bahama Port Authority (GBPA) was calculated.
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Royal Caribbean to start PI site clearance
Royal Caribbean yesterday confirmed it is “right at the cusp” and aiming to begin site clearance for its $100m Paradise Island beach club this week with a Heads of Agreement signing “very close”.
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Andros residents leave for safety as forest fire rages
A FOREST fire in North Andros has forced some residents to leave their homes over health concerns and affected the sleep patterns of people protecting their homes from the raging blaze.
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Albany chief in 'devastating and self-inflicted humiliation'
Albany's principal investor has admitted that pleading guilty to securities fraud is "a devastating and self-inflicted humiliation I will have to live with for the rest of my days".
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Bahamasair industrial deal raises pilot retirement age
Bahamasair and its pilots have agreed to raise the latter’s retirement age to 65 to alleviate any fears of labour shortages as part of Friday’s $500,000 industrial agreement.
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Commodore says repatriation of Haitian migrants by sea is ‘imminent’
ROYAL Bahamas Defence Force Commodore Raymond King said a contingency plan would see two vessels used to repatriate undocumented migrants to Haiti.
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National Security Minister: ‘Very, very aggressive’ anti-gang bill to be reviewed by Cabinet first
NATIONAL Security Minister Wayne Munroe said a draft anti-gang legislation is “very, very aggressive” and Prime Minister Philip “Brave” Davis wants Cabinet ministers to review it before it is released for consultation.
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Restaurant chain to double staff as revenues rise 15%
A BAHAMIAN restaurant chain is aiming to double its workforce by July through the creation of 48 new jobs with revenues for the year-to-date some 15 percent ahead of 2023.
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'Remarkable uncertainty' over NIB back-pedalling
The Government's political opponents yesterday accused it of creating "a remarkable amount of uncertainty" for businesses and workers by back-pedalling over plans to progressively increase NIB contributions.
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Ministry of Housing looking to redevelop abandoned homes into affordable housing
HOUSING Minister Keith Bell said his ministry wants to introduce a pilot programme to redevelop abandoned properties and transform them into affordable housing areas.
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GOVT SEEKS TO EASE FEARS OF 26.3% NIB: PM’s Office responds to concerns contributions ‘like income tax’ by 2044
The Prime Minister’s Office last night sought to quell fears that the total National Insurance Board (NIB) contribution rate will hit 26.3 percent in 2044 and become “equivalent to an income tax”.
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PM: ‘Fundamentals’ of BPL deal now agreed
THE Prime Minister last night said “the fundamentals of the deal” to outsource Bahamas Power & Light’s (BPL) management are agreed amid pledges the deal will take the utility to a “gold standard”.
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‘Impeccable’ Heroic timing: $7.1m plant ‘well worth it’
A GRAND Bahama concrete plant’s $7.1m investment is “well worth it” despite exceeding budget given the “impeccable” timing of yesterday’s ready-mix production launch.
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Top KCs hired amid bid to avoid $200m GBPA battle
TWO top attorneys have been hired by the Grand Bahama Port Authority (GBPA) to defend an anticipated $200m demand from the Government amid last-ditch efforts to avoid a legal confrontation.
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'Phenomenal': Carnival's extra $100m to drive 5.5m GB cruise tourism surge
Carnival's extra $100m investment to double the volume of ships its new port can handle will lead a cruise-driven 5.5m visitor surge to Grand Bahama in 2028, it was revealed yesterday.
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EU blacklist escape key to ‘new world order survival’
The Bahamas “can only survive in this new world order” through ongoing compliance with global demands, the Attorney General asserted yesterday, as it escaped the European Union’s (EU) tax blacklist.
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