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Cement maker hails 2023 as ‘amazing year’ in construction
A cement manufacturer yesterday branded 2023 an “amazing year” for construction as it focuses on expansion to the Family Islands in 2024.
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‘Desperate need’ to update Securities law
REGULATORS have argued that the main law governing the Bahamian capital markets’ regulatory regime needs to be modernised to account for 13 years of change.
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Arawak cay upgrade to battle waste oil ‘clogging’
The expansion of Arawak Cay’s sewerage system will involve installing an Industrial Bulk Container and wider pipes to enable it to cope with the volume of waste cooking oil generated by food vendors.
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School breakfast programme expanded to five more schools
MORE than 2,000 students will receive free meals with the expansion of the National School Breakfast Pilot Programme in five more schools, according to Education Minister Glenys Hanna-Martin.
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Economic output beats pre-COVID by $295m
Bahamian economic output for the 2023 first-half was last night said to have beaten pre-COVID comparisons by $295m in a signal that this nation is now moving beyond post-pandemic reflation.
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PharmaChem client pulled plug on overrun, output woe
PHARMACHEM Technologies’ sole customer yesterday confirmed to Tribune Business that it pulled the plug on the Bahamian drug maker due to cost overruns and its failure to meet production timelines.
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Governor trims Bahamas GDP growth to ‘3% range’
The Central Bank’s governor yesterday again trimmed his 2023 economic growth forecast to “the 3 percent range” as he warned The Bahamas is poised to next year “resettle” back into low expansion rates.
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Restaurant chain eyeing 20% bond for expansion
A restaurant entrepreneur, who financed his expansion via crowdfunding, yesterday said he now plans to offer a short-term bond paying 20 percent interest to fund the $150,000 required for outfitting a third location.
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Cabbage Beach vendors will 'stand up' for access
A attorney for the Cabbage Beach Vendors Association yesterday pledged its members will "stand up and fight" if the Ocean Club's expansion impacts their access to Paradise Island's northern shore.
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Quaker issues revised recall notice with additional products due to possible health risk
The Quaker Oats Company through its authorized distributor THOMPSON TRADING announced on Friday an expansion of the December 20th, 2023, recall...
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Ex-PM: 'Grave mistake' on $86m hospital funds
A former prime minister is charging that the Government made "a grave mistake" by returning more than $86m in low-cost financing for Princess Margaret Hospital's (PMH) expansion to the original lender.
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GB Shipyard’s $600m go-ahead is ‘fantastic’
A hotelier yesterday hailed confirmation that Grand Bahama Shipyard’s $600m dry docks investment is to proceed as “fantastic news” given that the company previously generated up to 40 percent of his annual revenues.
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BISX fund 'back expanding' with $9m warehouse move
A BISX-listed real estate fund yesterday revealed it plans to invest up to $9m in developing its first New Providence warehouse and storage facility as it "gets back into expansion" again.
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IAN FERGUSON: Why small businesses must rethink bank loans
Capital is critical to any business, enabling companies to acquire the necessary resources to start up, expand and maintain operations. Access to capital is thus essential for a business to grow and succeed in a competitive market. This becomes critical for small businesses that have limited capital to begin with, yet are competing against medium and larger companies with greater economies of scale.
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Cruise giant slashes PI buildings by 24k sq ft
Royal Caribbean has pledged to reduce the size of building structures for its $100m Paradise Island project by a combined 24,000 square feet while "building the least amount of infrastructure as possible".
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LPIA hotel ‘very much at the forefront again’
Plans to develop a hotel at Lynden Pindling International Airport (LPIA) are “very much at the forefront again” as its operator seeks to acquire extra land from the Government for expansion.
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November Cup on par for Jan. 13
THE Albany Golf Community presented the Cancer Society of The Bahamas with a cheque for $106,125.35 which were proceeds from their last year’s November Cup Golf Tournament held at Albany’s Golf Course.
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FOCOL eyes 25% profit surge plus acquisitions
FOCOL Holdings is predicting a profit increase of 25.2 percent over the next three years with proceeds from its newly-launched $25m rights offering set to fund unspecified acquisitions and expansions.
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Balmoral residents threaten exit if $25m hotel go-ahead
Several residents are threatening to sell their properties if the Balmoral Club’s proposed $25m condo hotel expansion receives the go-ahead from the planning authorities.
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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.
