Investment fear on corruption charges
Two former Cabinet ministers are warning that the drug and corruption charges levied against senior security officials could have a potentially chilling effect on foreign direct investment (FDI) flows to The Bahamas.
GB Power ‘not taking any chances’ for 2025
Grand Bahama Power Company is “not taking any chances”, its top executive is pledging, as it bids “to never experience another summer like we had” with demand set to rise by up to 10 mega watts (MW) in 2025.
Sebas’s electric vehicle dealer slams ‘fear-mongering’ rival
The newly-launched electric vehicle dealership headed by Sebas Bastian yesterday pledged to deliver “innovation, choice and fair pricing” while blasting a rival’s “fear-mongering smear campaign” against it.
Auto dealer brands gouging ‘impossible’ with price control
A Bahamian electric vehicle dealer yesterday slammed a rival’s accusations that it is “price gouging” consumers as “ridiculous” and impossible because all vehicle sales in this nation are price controlled.
Bahamian companies told: Get ahead of Trump tariff ‘shocks’
Bahamian companies have been urged to seek out new source markets and supply chains given the likely “shocks” and “deleterious impact” that Donald Trump’s proposed tariff measures will have.’
Gas retailers hope margin rise ‘start of more reforms’
Bahamian petroleum retailers yesterday voiced optimism that their recent margin increase is the “start of more reform” with the rise having brought “much-needed relief” to the struggling dealers.
Andros Chamber chief says: ‘Scotiabank has forsaken us’
The Andros Chamber of Commerce president yesterday asserted that “Scotiabank has forsaken us” amid ongoing struggles to access banking services after the area’s sole ATM was vandalised nine months ago.
Two-speed real estate market still sustaining
The Bahamas continues to have a two-speed real estate market with industry operators yesterday voicing optimism that the concluded US presidential election will further boost international buyer demand.
IAN FERGUSON: Making the management leap a smooth transition
Transitioning from an employee to a supervisor is a significant and transformative journey in one’s professional career.
Law firm’s senior partner’ named in four directories
The McKinney, Bancroft & Hughes (MB&H) law firm has announced that its senior partner, John F. Wilson KC, has been ranked in the top tier of attorneys in four major legal directories.
US drug corruption charges raise Bahamian travel fears
Aviation operators yesterday warned the drug and corruption-related charges levied against law enforcement officials and others could harm the ability of Bahamians to travel with “our national security now at stake”.
Water Corp targeted 10% rate hikes before PM’s intervention
The Water & Sewerage Corporation had wanted to raise rates for thousands of households via annual increases of up to 10 percent for three successive years before being blocked by the Prime Minister.
Commission’s $221.6m set to rank behind FTX victims
The Securities Commission’s top executive yesterday confirmed it is in talks for its $221.55m claim to rank behind FTX’s clients and other victims in the creditor payout queue.
Legal threats to $30m in FTX property sales
Legal threats have slowed the sale of around $30m worth of Bahamian real estate that was acquired by the collapsed FTX crypto exchange’s property affiliate, it has been revealed.
‘Any hope thwarted’ for Resorts World’s revival
Resorts World Bimini’s majority owner is asserting that “any hope” of turning the troubled resort and its $885m liabilities around was “thwarted” by COVID-19 as it blasted efforts to “malign” its reputation.
