BORCO suffers $20-$30m hit from Matthew
The Bahamas Oil Refining Company (BORCO) suffered a $20-$30 million hit as a result of Hurricane Matthew, its owner has revealed.
Three years later: No Govt decision over water plant
A BISX-listed company has now been operating one of New Providence’s key water plants for more than three years without a long-term contract from the Government.
Gray: I’ve given Bahamians 400 farming leases
The Minister of Agriculture and Marine Resources yesterday said he has issued almost 400 leases to Bahamians for agricultural development in the last three to four years, in a bid to dispel concerns about Chinese favouritism.
Gray: ‘I don’t know what was in his head’
The Minister of Agriculture yesterday said no discussions have been initiated with potential Chinese investors over a the proposed $2.1 billion agriculture/fisheries project for Andros.
Govt extends bid deadline for NHI public insurer
The Government has extended the deadline for bids to operate National Health Insurance’s (NHI) public insurer for a second time to November 21, in a bid to ensure Bahamian groups are not “disadvantaged” by Hurricane Matthew.
$2.1bn Chinese proposal a BAMSI ‘complement’
The Minister of Agriculture and Marine Resources yesterday said the controversial $2.1 billion Chinese agricultural development proposed for Andros would likely have “complemented” the Bahamas Agricultural and Marine Science Institute(BAMSI).
Wells blasts LOI ‘unfounded claims’
Renward Wells has denied giving “an encouraging reply” to the $600-$650 million waste-to-energy proposal at the centre of the Letter of Intent (LOI) controversy, which caused his dismissal from the Government.
Govt denies Allen was its ‘agent’ in LOI controversy
The Government is denying that an ex-Cabinet Minister and businessman were acting as its “agents or servants” over the $600-$65 million waste-to-energy project at the centre of the Renward Wells Letter of Intent (LOI) controversy.
PM urged: ‘Put your foot down’ on BOB woes
Bank of the Bahamas was yesterday slammed for its latest failure to make timely disclosure to shareholders, having failed to provide the market with the outcome of its $40 million rights issue since it closed two months ago.
Capital access not guaranteed by end to exchange control
Bahamian businesses will not be guaranteed access to capital even if the financing pool is broadened by exchange control liberalisation, private sector representatives have warned.
Govt ‘run amok’ if PM unaware of $2.1bn proposal
The Democratic National Alliance’s (DNA) leader yesterday said Prime Minister Perry Christie was allowing his government “to run amok” if he had no knowledge of the $2.1 billion Chinese farming/fisheries proposal.
East GB cruise port is ‘cart before the horse’
A well-known QC yesterday accused the Christie administration of “putting the cart before the horse” over the $200 million agreement for Carnival Cruise lines to develop a port in east Grand Bahama, arguing that the location was “perverse” given Freeport’s economy is “near death”.
Bill opens FDI projects to Bahamas contractors
The Construction Contractors Bill paves the way for Bahamians to participate in foreign direct investment (FDI) projects “to a much greater extent than before”, a former Bahamian Contractors Association (BCA) president said yesterday.
$200m GB cruise port beneficial if ‘balanced’
East Grand Bahama’s MP said yesterday that the $200 million Carnival cruise port for his constituency will boost the economy, provided the deal is balanced and Bahamians are the net beneficiaries.
Blackbeard’s presence ‘contrary to rule of law’
A Bahamian QC says it “seems contrary to the rule of law” for the $12 million Blackbeard’s Cay project to still be operating more than 26 months after the Supreme Court quashed all its approvals.
