Bahamasair chair’s plane loss concern
Bahamasair’s chairman yesterday expressed fears that its upcoming services for the peak Easter travel period may be disrupted, after one of its 70-seater ATR planes was damaged by the early Tuesday morning tornado that struck the Lynden Pindling International Airport (LPIA). i
Fitzgerald: Minnis trying to ‘wreck’ Bahamas economy
A Cabinet Minister yesterday again hit out at Free National Movement (FNM) leader, Dr Hubert Minnis, over his recent pledge to find a new purchaser for Baha Mar, accusing him of seeking to “wreck” the Bahamian economy.
Island Luck eyes HQ at Montagu Hotel site
The Island Luck web shop chain is “contemplating” whether to construct a corporate headquarters for its expanding group on the site of the former Montagu Beach Hotel, Tribune Business can reveal.
QC pledges battle against Freeport’s incentive regime
A prominent QC has promised to this week launch a legal action challenging Freeport’s new investment regime, describing the city’s business climate as “a lose-lose proposition for all concerned”.
Chamber chief warns: ‘Don’t blow up nation for sake of election’
The Chamber of Commerce’s chairman yesterday warned all politicians to “not blow up the country for the sake of winning the election”, after the FNM’s leader threatened to reverse Baha Mar’s sale.
Denied web shop slams 10-year bar
The only web shop operator denied a license yesterday slammed the 10-year block on new industry entrants, saying: “It makes no sense.”
PHA merger ‘no magic wand’ for health efficiency
The Government cannot simply “wave a magic wand” and hope that merging the Public Hospitals Authority (PHA) with the Department of Public Health will cure all the public healthcare system’s woes, a well-known physician said yesterday.
Minnis’s Baha Mar position ‘disgraceful’
A Cabinet Minister yesterday slammed Dr Hubert Minnis’s pledge to find a new purchaser for Baha Mar as “disgraceful”, arguing that it would disrupt employment for hundreds of Bahamians.
Flowers: Too many web shop issues ‘unresolved’
A prominent web shop operator says there are too many “outstanding issues” facing the industry that have yet to be resolved, including the permitted number of web shop locations and locations per operator, plus zoning enforcement.
Central Bank targets non-bank e-payment rules by mid-year ‘17
The Central Bank is aiming to implement initial regulations that will enable it by mid-2017 to license non-bank electronic payments solutions providers, as it bids to cause “a significant shift” from Bahamians’ reliance on cash.
Consumer chief to banks: ‘We can’t take all of this’
The Consumer Protection Commission’s chairman is openly questioning whether Bahamians benefit from foreign-owned banks, and urged this country to “get to the position where we say enough; we can’t take all of this”.
Web shop gaming moratorium ‘stinks’
The Democratic National Alliance’s (DNA) leader says the 10-year moratorium on new web shop gaming licenses “stinks”, branding it anti-competitive and accusing the Government of pandering to ‘special interests’.
AML chief’s concern on ‘awful’ Freeport economy
AML Foods is expressing concern that Freeport’s “awful” economy could drag down previously strong sales growth, its chief executive saying reports of the city’s unemployment levels were “staggering”.
$477m deficit if prior year trends matched
The FNM’s finance spokesman says Central Bank data proves the $314.4 million first half deficit cannot be blamed solely on Hurricane Matthew, as he slammed Prime Minister Perry Christie’s “reckless spending”.
Biminites: No change over RBC’s departure
Royal Bank of Canada’s (RBC) branch departure from Bimini appears to be set despite the outcry from businesses and residents, with the bank now rushing to explain the new arrangements it is putting in place for clients.
