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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.
Stock markets on track for really tough January
ActivTrades
The first month of 2022 has been a challenging one for most stock market investors thus far.
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.
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.”
$50m target for RF private equity fund
A Bahamian investment bank yesterday revealed it is launching a private equity fund that aims to raise up to $50m over the next three-five years for “investments in possibilities” post-COVID.
Gov’t predicts national debt’s peak at $11.2bn
The Bahamas’ national debt is forecast to peak at $11.2bn in the 2023-2024 fiscal year, it was revealed last night, and return to the legally-required 50 percent of GDP threshold by the next decade.
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.
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.
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?
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.
Tourism must be win for all
After more than 30 years in the hospitality industry with the last six years as a taxi driver, I am convinced that there must be a change in the building of our tourism model in our country. There needs to be more discussion, not only with developers, but with Bahamian stakeholders in open forums that could result in a Win-Win for all, especially when it comes to large-scale developments.
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.
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.”
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.
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.
$60m farm project aiming to ‘make agriculture sexy’
Bahamian investors will get details on how they can invest in a $60m hydroponic farming project by early March, its principals saying yesterday: “We want to make agriculture sexy again.”
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.
Prime Minister meets Jamaican counterpart Holness
PRIME Minister Philip “Brave” Davis met with Jamaican Prime Minister Andrew Holness and a small delegation during a courtesy call at the Office of the Prime Minister on West Bay Street yesterday.
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.
Economy 2% smaller than pre-COVID at 2023’s end
The Bahamas’ economic output will still be 2 percent below pre-COVID levels even if growth forecasts through to end-2023 become reality, a local investment analyst warned yesterday.
