Govt urged: Focus on eco-resort incentives
The Government was yesterday urged to offer specific incentives for eco-friendly resorts in the Family Islands, a non-profit co-founder arguing this segment would offer higher visitor value.Shaun Ingraham, One Eleuthera Foundation’s co-founder, speak
$500m developer targets Ginn property acquisition
A Canadian-based developer with $500 million in assets has emerged as the potential buyer for the former Ginn sur mer project in Grand Bahama’s West End, Tribune Business can reveal.
Accounting firm plans 25% staff ‘ramp up’
A Bahamian accounting firm is aiming to “ramp up” staffing levels through 25 per cent growth over the next year, as it eyes opportunities in the digital space.
Union chief backs workers financing their retirement
A union chief yesterday backed workers contributing to their pensions, and slammed Bahamas Power & Light (BPL) for failing to address its $110 million pension deficit.
Renewable energy backlash on BPL utility-scale ‘no go’
Renewable energy professionals yesterday rejected PowerSecure’s dismissal of utility-scale solar for New Providence, describing its model costs as “extraordinarily high”.
Contractors chief rejects PM’s ‘no build’ on coast
The Bahamian Contractors Association’s (BCA) president yesterday said ‘no build’ zones are not required, but better Code enforcement is.
Fishermen 'welcome' new exigency order
The Bahamian fisheries sector will “welcome” any help it can get, after the Prime Minister yesterday unveiled an exigency order to assist the sector and farmers following Hurricane Irma.Dr Hubert Minnis, during a communication in Parliament, said: “T
‘Catching hell’: 100-unit slump in new auto sales
New car dealers were yesterday said to be “catching hell”, with the industry’s third quarter sales likely down by 100 vehicles year-over-year following an especially slow summer.
IDB executive says hurricane insurance ‘prudent’ for Bahamas
An Inter-American Development Bank (IDB) executive yesterday said it was “prudent” for the Bahamas Government to insure against natural disasters, while agreeing there was a need to “fill the gap” on payouts.
Govt ‘still assessing’ 10-year web shop bar
The Government is “still assessing how to address” the 10-year bar on new web shop entrants, a Cabinet Minister yesterday saying his regulatory approach would have been different.
IDB: Tourism off up to 20% if major storm hits
Coastal erosion could be “catastrophic” for the Bahamas if left unchecked, an Inter-American Development Bank (IDB) executive yesterday saying innovative solutions were required.
Celebration loss ‘gives impression Freeport is dead’
The Grand Celebration’s three-month departure will “create the perception Grand Bahama is dead”, an ex-minister of tourism yesterday lamenting the “impact player’s” loss.
Bimini Big Game to re-open Friday
The Bimini Big Game Club Resort and Marina expects to resume full operations this Friday, its executives telling Tribune Business they expect business to start picking up by November.“While our thoughts continue to be with those affected by Hurricane
Morton Salt 'committed to presence on Inagua'
Morton Salt yesterday said it could give no date for when its operations on Inagua will fully resume, but pledged to do so “as soon as safely possible”.The company, in a statement, said: “At Morton Salt, the safety and security of our employees are o
Utility-scale solar ‘no go’ for Nassau
Utility-scale renewable energy is “not economically viable” on New Providence, BPL’s former manager ruling out a $140 million solar farm investment in its business plan.
