Oil explorer in four additional finance offers
A Bahamas-based oil explorer has revealed that some of the four additional financing offers it has received would cover the $20m-$25m costs of its first exploratory well by themselves.Simon Potter, Bahamas Petroleum Company’s (BPC) chief executive, t
Sky employees 'must do what they have to do'
Sky Bahamas’ principal yesterday said the airline’s staff “have to do what they have to do”, with its near-two month grounding pushing him towards legal action against industry regulator. Captain Randy Butler told Tribune Business he would seek to b
Chamber chief: 'No downside' to Customs system
The Chamber of Commerce’s chief executive says “there’s really no downside” to Customs’ new digital system, but called for “patience” as all parties go through their “learning curve”.Jeffrey Beckles, urging the private sector to stay the course over
Six-month plant delay hits Pharmachem jobs
A six-month construction delay has forced Pharmachem Technologies to lay-off 23 staff, with possibly more to follow, in what was yesterday described as a “major blow” for Freeport’s economy.
Bimini power crisis ‘like visiting the Third World’
A Cabinet minister has admitted that Bimini’s power crisis is “extremely vexing” for the island’s tourism lifeline as furious visitors cancel bookings, leave early and demand refunds.
Govt is urged: 'Knock out low hanging fruit'
The government’s 14-day target for completing property registration would represent “a tremendous improvement”, an attorney yesterday urging: “It’s time to knock out the low hanging fruit.”Darron Pickstock, who heads the Chamber of Commerce’s trade a
AG ‘unaware’ of alternative non-profit bill
The attorney general has revealed he was only made aware of alternative legislation to regulate Bahamian non-profits days before the current bill was due to be passed by Parliament.
Medical labs sign up despite NHI concerns
Medical laboratories yesterday said they were “willing to start” with National Health Insurance (NHI) despite lingering concerns over payment rates.
NAD eyes fee rise after $15.1m loss
The Nassau Airport Development Company (NAD) is currently mulling another fee increase, as it predicts a “few more years” of losses following $15.1 million in ‘red ink’ incurred during its 2015 financial year.
Minister promises no ‘disruption’ from NHI
A Cabinet Minister yesterday reiterated Government pledges that it would do nothing to “disrupt’” the economy as it rolls out National Health Insurance (NHI), suggesting it would adopt the private-public partnership model pioneered over Value-Added Tax (VAT).
Baha Mar claiming ‘deliberate sabotage’
Baha Mar has accused its main contractor of “deliberate sabotage” and the removal of key construction documents, implying this is part of a cover-up to hide “false accounting practices” that inflated its costs.
Gov't 'good faith' key to Brewery's 100-job growth
Sands Beer’s manufacturer yesterday said its planned $15 million growth strategy, which could more than double its workforce via the creation of “over 100” jobs in the next five-10 years, depends on the Government maintaining the ‘tax advantage’ it holds over its BISX-listed rival.
PI residents reclaim condo before $22m fraud ruling
Two Bahamas residents have been allowed by the Supreme Court to reclaim - for the moment - their multi-million Ocean Club condo on Paradise Island, despite a Ca
Executive Entity hits 'virtually every day'
A well-known financial services provider yesterday told Tribune Business his company was receiving an inquiry "virtually every day" on this nation's Executive Entity pr
Sole Bahamian entrant aims to 'break the mould'
The sole Bahamian entrant to a Caribbean-wide competition designed to enhance the region's export potential with Europe has made the initial 'final 30' cut, its pro
