Landfill manager in ‘Renewed’ deal
Renew Bahamas yesterday confirmed it is in “active’ talks with the Government to alter the terms of its five-year landfill management contract, after “substantial” losses showed its original financial projections were invalid.
Bahamas Waste: Biodiesel deal ‘huge win-win’
Bahamas Waste yesterday said it had created “a win-win” for all stakeholders by selling a majority 51 per cent interest in its fledgling biodiesel business to a local partner for just $180,433.
Downgrade escape ‘not much comfort’
The Bahamas “cannot take much comfort” from maintaining its investment grade rating, the Opposition’s deputy leader yesterday suggesting it was “premature to celebrate” Value-Added Tax’s (VAT) gross $536 million return.
Regulator seeks ‘material worries’ on Panama Papers
Financial services industry jitters over the so-called ‘Panama Papers’ yesterday prompted the Central Bank to issue a notice asking its licensees to report any “material concerns” they may have in relation to clients connected to the leak.
Stem cell facility acquisition set to boost growth
The Bahamas’ first stem cell treatment facility yesterday confirmed it has been acquired by a UK-based medical provider, with a deal designed to grow the operation and the number of patients it treats.
ART OF GRAPHIX: How to become ‘camera ready’
Have you ever heard the term, ‘Camera Ready’, kicked around in the design or print community, and wondered what it meant? If you did, do not feel left out. It is an old term that hardly applies today. In fact, many people who use it probably cannot provide its proper definition
Correspondent bank de-risk ‘major threat’
A Cabinet minister yesterday described the correspondent banking ‘de-risking’ trend as a “major threat” to the Bahamas and wider Caribbean, calling on regulators to do their part in protecting the region.
Chamber chief blasts VAT refund ‘disgrace’
Grand Bahama’s Chamber of Commerce president yesterday said it was “shameful and disgraceful” that companies have not been receiving timely Value-Added Tax (VAT) refunds.
Abaco developer downsizing due to crime spike
Abaco’s Chamber of Commerce chief yesterday slammed the lack of effective police and local government response to boat thefts and home break-ins as a “grave concern”.
Equity risk aversion undermining growth
A well-known businessman yesterday urged the National Development Plan’s (NDP) architects to “dig a little deeper” into investors’ aversion to equity investments, arguing that this was undermining the Bahamas’ sustainable development.
Freeport seeks GBPA meeting over the FLIP
Freeport’s private sector is seeking an urgent meeting with the Grand Bahama Port Authority (GBPA) over its Freeport Light Industrial Park (FLIP) venture, amid fears it will create “an uneven playing field” for Bahamian-owned businesses.
BOB chair’s reversal on ‘political lending’
Bank of the Bahamas’ chairman yesterday backtracked from his admission that politics had influenced past lending decisions, saying he was referring to “perception” rather than reality.
Corruption ‘almost a culture’ in Bahamas
The Democratic National Alliance’s (DNA) leader yesterday said he was “amazed” that government MPs and their leadings supporters appeared to be justifying corruption, which has “almost become a culture” in the Bahamas.
‘Nothing left’ for Long Island’s departed 10 per cent
A Long Island businessman yesterday estimated that 10 per cent of the island’s population had migrated to either New Providence or Freeport in the aftermath of Hurricane Joaquin, and while some wanted to return “there is nothing to come back to”.
SuperGreen Solutions: Solar investment buys lower electricity bills
In my experience, Bahamians are becoming increasingly interested in solar power. However, many are unsure whether they can afford it.
