$70m condo complexhits 75% sales mark
A $70 million Cable Beach-based condominium complex has 75 per cent of its units either sold or under contract, benefiting from its proximity to Baha Mar.The developers behind ONE Cable Beach are now seeing active interest in their most expensive off
Dunkin' Donuts unveilsseventh Nassau location
Dunkin’ Donuts yesterday announced the opening of its seventh Nassau location in the Lynden Pindling International Airport’s (LPIA) arrivals terminal, with the opening set for September 29.The new location is located in a pre-security clearance area,
Bahamas urged: 'Clean up' $184m unverified accounts
A Caribbean regulatory body has urged Bahamian banks to show “more dedication and urgency” in cleaning up 20,000 ‘unverified’ accounts that collectively hold almost $184 million.The Caribbean Financial Action Task Force (CFATF), in its July 2017 repo
Landfill tender release before 2017 year-end
The Government hopes to finish and issue the New Providence landfill management tender before year-end, a Cabinet Minister yesterday saying: “All options are on the table.”Romauld Ferreira, minister of the environment and housing, told Tribune Busine
Central Bank to unveil new money laundering sanctions
The Central Bank plans to create a new sanctions regime for anti-money laundering deficiencies, as it bids to move the Bahamas from a ‘high risk’ to “at least medium risk” jurisdiction.John Rolle, the regulator’s governor, responding to the Caribbean
Police 'lacking capacity to pursue' money launderers
The Royal Bahamas Police Force (RBPF) “lacks the capacity to effectively pursue” money laundering offenders due to inadequate skills, training and resources.The Caribbean Financial Action Task Force (CFATF), in its July 2017 assessment of the Bahamas
Chamber chief: BPL contracts ‘certainly curious’
The Chamber of Commerce’s chief executive has described as “certainly curious” revelations that Bahamas Power & Light (BPL) awarded multi-million dollar contracts to entities that were not the best bidder.
Fishermen 'not optimistic' over grouper extension
Bahamian fishermen would “welcome” an extension to the Nassau Grouper season, but the Bahamas Commercial Fishers Alliance’s (BCFA) president is not “overly optimistic” it will happen.Adrian LaRoda said that in 2012, the BCFA lobbied the Christie admi
BPL ‘will have to be privatised’
An “essentially insolvent” Bahamas Power & Light (BPL) will ultimately have to be privatised, the Minister of Works confirmed yesterday.
NAD transport fee aims to halt ‘chaos’
The Nassau Airport Development Company (NAD) yesterday defended proposed ground transport provider fees as essential to ending a “chaotic experience” for travellers, despite a backlash from taxi drivers.
Ex-manager targeted 47% BPL generation cost slash
Bahamas Power & Light’s (BPL) former manager aimed to slash electricity generation costs by 47 per cent, while rejecting liquefied natural gas (LNG) as the best fuel option.
Sir Franklyn: FOCOL stopped BPL 'disaster'
FOCOL Holdings prevented Bahamas Power & Light (BPL) from suffering “disaster” on Inagua by stepping in to pay its fuel debts, its chairman revealed yesterday.
Govt urged: Don’t stifle ‘huge lifeline’ for Family Islands
The Government was yesterday urged not to stifle the vacation rental sector through regulation, the Eleuthera Chamber of Commerce’s president branding it “a huge lifeline” for the Out Islands.
IAN FERGUSON: Don’t fade into obscurity by ignoring technology
Technology is inescapable. It permeates every aspect of our life. Impacting how we work, play and live, technology has created a revolution that will grow for as long as humans continue to advance and thrive in our various fields of endeavour.
Commonwealth Bank announces stock split
Commonwealth Bank yesterday announced a three-for-one stock split to boost trading activity and make its shares more affordable to retail investors.
