Abaco Club project facing legal threat
Environmental activists are threatening the Abaco Club with a legal challenge to an expansion project that “will completely alter the character” of one of the island’s most picturesque communities.
Moss’s Bill set to exacerbate mortgage ‘crisis’
The FNM’s deputy leader yesterday warned that the Private Members Bill introduced by fellow MP Greg Moss will only exacerbate the Bahamas’ mortgage crisis by further increasing the reluctance of commercial banks to extend home loans.
Over 1,700 ex-Baha Mar staff registered with Labour Dept
More than 1,700 former Baha Mar employees have registered with the Department of Labour to ensure they receive unemployment benefits from the National Insurance Board (NIB) and are in position to learn of job vacancies, Tribune Business was told yesterday.
East GB will ‘reject’ fresh aragonite mining
East Grand Bahama will likely deliver another “resounding rejection” should the Government seek to revive proposals for sand/aragonite mining at the envrionmentally-sensitive Bursus Cay, the area’s MP said yesterday.
Credit union cuts off Club Land’Or
The Director of Labour said yesterday that while he had secured a “gentleman’s agreement” from Club Land’Or to pay outstanding sums owed to its employees, the deal will not be legally binding in the absence of a trade dispute beimng filed.
Doctors revolt brews over NHI
A withdrawal by the Medical Association of the Bahamas (MAB) and its members of all co-operation with the Government over National Health Insurance (NHI) was yesterday branded “a possibility” ahead of a crunch January 16 meeting.
QC warns: Arbitrary Immigration actions ‘will sink Bahamas’
The Bahamas will “sink into recession” if the Immigration Department continues to “kick out” foreign investors and property owners on the basis of unsubstantiated allegations made against them, an outspoken QC warned yesterday.
Bishop slams Gov’ts ‘deafening silence’ on CLICO solution
The Government was yesterday slammed for its “deafening silence” over CLICO (Bahamas), with a prominent policyholder accusing it of treating the debacle as “a trifling matter”.
Chamber’s vice-chair hits NHI ‘dictatorship’
National Health Insurance (NHI) could force insurance companies “into extinction” via the same model that has undermined private Bahamian airlines, a Chamber executive yesterday branding efforts to implement the scheme as “socialism and dictatorship”.
Rejected web shop: ‘Only in Bahamas does this happen’
The only web shop operator denied a license again attacked this decision yesterday, telling Tribune Business: “Only in the Bahamas this nonsense could happen”.
Airline chief slams Bahamasair $120m
A private airline’s chief executive yesterday called for greater transparency over the $120 million financing for Bahamasair’s new fleet, and said of the Government: “What have they signed us up to again?”
‘Joint tourism’ talks with Cuba a success
The Minister of Tourism yesterday described as “successful” talks with Cuban officials over a muti-destination travel arrangement, aimed at helping the Bahamas to capitalise on the surge of visitors expected to flock to that island following rekindled ties with the US.
Bahamasair's $120m finance for new fleet
Two major global financial institutions have been hired to raise $120 million for Bahamasair before year-end, Tribune Business can reveal.
'Madness': 90% of loan requests are consumer
The Bahamas' consumer loan "madness" is making sustainable economic development impossible, as more than nine out of every 10 credit applications fall into this category.
China provides 'no Baha Mar comfort'
Baha Mar's Bahamian creditors and former employees "can't take much comfort" from the project's financier breaking its silence, the FNM's deputy leader arguing that it merely confirmed "no deal is in hand".
