Baha Mar: ‘All countries look after their own’
The Government “over-emphasised” the fact that Baha Mar’s Bahamian creditors were made whole, the Chamber of Commerce’s chairman said yesterday, reiterating that all countries “look after their own”.
Eleuthera's training staff benefit from team-work
Five employees from Eleuthera’s Centre for Training and Innovation (CTI) participated in Highly Effective Teams Training (HET), which was hosted by the Bahamas National Trust in Nassau from June 6-7.The participants were Steve Galanis, Jason Newbold,
Activist: Don't extend GB Power's supply deals for East and West End
Lower electricity costs are key to Grand Bahama’s economic transformation and will help it emerge from “crisis”, the head of a community activist group said yesterday.Reverend Eddie Victor, head of the Coalition for Concerned Citizens (CCC), told Tri
Striping firm unveils $50k scholarship programme
A multi-million dollar group that was founded through a $5,000 self-starter granted celebrated its seventh anniversary at the weekend, launching a scholarship programme and investment fund to assist the next generation of Bahamian entrepreneurs.Prime
Pump up savings from going solar
As we prepare for summer, and all the sun that comes with it, many Bahamians are interested in using that sunlight to power their pool pumps. We saw in our last article that homes with even the smallest pools can save more than $1,500 per year by mak
Port Dept targeting extra $3m revenue
The Prince George Dock requires “significant maintenance and repairs”, the Minister of Transport has warned, with major cruise lines concerned about physical conditions that have resulted in passenger injuries.While making his contribution to the 201
Minister wants Contractors Act that 'makes sense'
The Minister of Works wants a Construction Contractors Act that “makes sense and is enforceable”, pledging that he will not be rushed into giving the legislation full effect.Desmond Bannister told Tribune Business he wanted to make sure there were no
Electric auto dealer eyes 'game changer'
A Bahamian electric car dealer yesterday said the total elimination of import duties on such vehicles would be “a big game changer”. Pia Farmer, a director at Easy ECO Car Sales, told Tribune Business: “I have officially requested and lobbied the Min
Baha Mar expat staff suffer claims reverse
Baha Mar’s former expatriate staff are now at the China Export-Import Bank’s mercy, after the Supreme Court ruled their compensation claims rank below those of the project’s $2.45 billion secured creditor.Justice Ian Winder, in a June 6 verdict, rule
$377m investment for BPL’s LNG conversion
A total $377.4 million investment is required to convert Bahamas Power & Light’s (BPL) generation plants to liquefied natural gas (LNG), an IMF ‘working paper’ revealed yesterday.
Govt urged to ‘stay out’ of deal-making
The Government was yesterday urged to “stay out of the business of deal-making” by a well-known QC, and adopt a “free market approach” to the economy.
Farmer becomes first qualifier for micro loan
The owner of Premium Farm Bahamas has become the first successful applicant to receive a micro-loan facility offered by the Bahamas Development Bank (BDB).Licensed farmer, Dave Munroe, is the first to access the fund, which is operated in conjunction
Bahamas to host major aquaculture conference
The Government has partnered with the African, Caribbean and Pacific (ACP) group of nations to host the fifth meeting of ACP ministers in charge of fisheries and aquaculture in Nassau this September.Some 40 international delegates will meet for talks
PI project's $40m 'Cinderella story'
The developer of Paradise Island’s One Ocean condominium project believes it has achieved “the closest thing to a Cinderella story”, having generated $40 million in sales in under a year.The 10-storey property at the eastern end of Paradise Island ha
Govt eyes $2m spendto complete 300 homes
A Cabinet Minister yesterday said the Department of Housing plans to spend $2 million on completing 300 homes in the Carmichael Village Subdivision this fiscal year.Romauld Ferriera, minister of the environment and housing, said during his 2017-2018
