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CARIFTA TV payment cut in half on contract breach

An upfront $50,000 cash payment related to broadcasting rights for last year’s 50th CARIFTA track and field championships was cut by 50 percent after organisers breached the contract.

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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”.

Big Red Machine just keeps rolling

The St Augustine’s College (SAC) Big Red Machine kept rolling at the 2024 National High School Track and Field Championships where they claimed six out of eight division victories on Sunday evening at the original Thomas A Robinson Stadium.

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‘All-Bahamian’ $30m hotel gets conditional go-ahead

The Bahamian developer of a proposed $30m West Bay Street hotel was yesterday granted preliminary site plan approval for the project provided its “side setbacks” are increased to 15 feet.

Fund manager to be ‘little more defensive’

A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.

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Retired judge named to solar power firm Board

The renewable energy provider behind a $15m utility-scale solar project on Grand Bahama has named retired justice Rubie M. Nottage to its Board of Directors.

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Kai Jones finds new home with LA Clippers

BAHAMIAN big man Kai Jones will now take his talents from the East Coast to the West Coast after being signed to a multi-year deal by the Los Angeles Clippers on Saturday ahead of their upcoming postseason run.

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PI Straw Market relaunch to boost tourism’s authenticity

Senior Atlantis executives say the Paradise Island Straw Market’s relaunch, and creation of the accompanying Food Village, will provide tourists with more authentic experiences.

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New police headquarters in Abaco announced as concerns over crime on the island grow

A MODEL for a new multimillion-dollar police headquarters in Abaco was unveiled yesterday even as officials, including Police Commissioner Clayton Fernander, expressed concerns about crime on the island.

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PharmaChem more than $68m insolvent

PharmaChem Technologies is more than $68m insolvent with its major creditor having secured just 26.3 percent of the massive debt owed to it, Tribune Business can reveal.