Union chief: ‘Rise up’ over Cabbage Beach
A trade union leader yesterday threatened that all Bahamian workers would “rise up” unless Cabbage Beach vendors were ensured beach access adjacent to the RIU Paradise Island property.
$200m hotels set to break ground within 30 days
The Pointe’s developers expect to break ground within the next 30 days on their entertainment and condo hotels, having already invested $8 million into what is expected to be an eight-storey parking garage.
Joaquin-hit businesses leaving $250k ‘on table’
Storm-ravaged Bahamian businesses have yet to access a single cent from a $250,000 concessionary loan facility designed to aid their recovery, and were warned yesterday: “Time is running out.”
‘Terrified’ of outcome in CIBC loan dispute
A Cacique award winner is “absolutely terrified” that he will face financial ruin this Thursday when a bitter loan dispute with CIBC FirstCaribbean International Bank (Bahamas) is scheduled to reach its climax in the Supreme Court.
PowerSecure pledges Bahamas dedication amid ‘A team’ demand
PowerSecure has promised its “dedication and commitment” to BEC remains unchanged in the wake of its $431 million purchase, as Opposition politicians urged: “We need the ‘A Team’, not the ‘B Team’.”
FINCO bad loans still over $100m
Although still carrying more than $100 million worth of ‘bad’ loans, FINCO’s almost 10-fold net income increase for 2015 has given shareholders hope that better days lie ahead.
Contractors chief: ‘No doubt’ Bahamians could have finished Baha Mar
The Bahamian Contractors Association’s (BCA) president has “no doubt” the local construction industry could have completed Baha Mar on time if it had been “invited in” by the Chinese.
Anti-competitive concern over web shop zoning regs
Zoning regulations designed to curb the proliferation of gaming houses could prove anti-competitive and be challenging to implement on New Providence, with some operators questioning what they perceive as a lack of enforcement by the Gaming Board.
Union demands Cuban doctor hire explanation
The Bahamas Doctors Union (BDU) has demanded that the Public Hospitals Authority (PHA) and the Government explain the recent hiring of 18 Cuban doctors.
Union president slams ‘anti-labour campaign’
A trade union leader believes there is a campaign within the public and private sectors to ‘destabilise’ the Bahamian labour movement, and he added: “I don’t like what I’m seeing and hearing.”
Carnival adopts more ‘focused’ marketing
Bahamas Junkanoo Carnival organisers yesterday said a more “focused” approach has been taken to marketing this year’s event, with organisers working closely with the Ministry of Tourism to expand its global reach and partnerships with travel companies such as Expedia.
‘Escape treadmill of dependency on hotels’
A well-known businessman yesterday branded the Bahamas’ economic philosophy of the past two decades as “deficient”, and urged the country to “get off the treadmill” of dependence on large resort projects.
Opposition queries BEC manager’s sale
The Government’s reform plans for the Bahamas Electricity Corporation (BEC) faced fresh questions yesterday, after it was revealed that its new management partner is to be acquired by Grand Bahama Power’s former owner in a $431 million deal.
IDB: 2016 ‘rich with opportunity’ for the Bahamas
The Inter-American Development Bank (IDB) believes that 2016 is “rich” with economic opportunity in the Bahamas, after the Government undertook numerous reforms that laid the groundwork for renewed growth.
All ‘in denial’ on Baha Mar opening miss
Baha Mar’s principals so wanted to believe that their $3.5 billion project would open on target that they “were in denial” about what was before their very eyes, a businessman said yesterday.
