Tour operator haunted by vessel ‘arrest’ ghost
A Freeport-based tour operator yesterday told Tribune Business he was being ‘haunted’ by a ghost from his business past, who has successfully persuaded a Florida court to “arrest” his 75-foot catamaran.
‘Red letter day’ for Bahamian aviation
The Bahamian aviation industry enjoyed “a red letter day” yesterday, after the Government finally introduced legislation to bring its regulatory and safety functions into line with international standards.
BEC bonds won’t increase light bills
Government officials yesterday argued that the Bahamas Electricity Corporation (BEC) is “incapable of reform” without restructuring its legacy debt, and pledged that the plan will not increase light bills.
Gov’t targets $246m BEC reform ‘windfall’
The Government yesterday revealed a $246 million energy reform ‘windfall’ that will temporarily arrest the national debt’s increase, amid new revelations about BEC’s dire financial straits.
Gov’t urged: ‘Clarify’ GB Power regulation
The Opposition’s deputy leader yesterday urged the Government to clarify whether its proposed energy sector reforms intended that URCA take over regulatory responsibility for the Grand Bahama Power Company (GBPC) - a move that conflicts with Freeport’s founding agreement.
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LOI firm says affair ‘storm in tea cup’
The company caught up in the Letter of Intent (LOI) controversy yesterday described it as a “storm in a tea cup”, adding that it would not allow its reputation to be sullied by politicians ‘milking’ the affair.
Private sector awaits ‘new paradigm’ over energy
The private sector yesterday hailed what it described as a “new paradigm” for the Bahamian energy sector, as the Government introduced a legislative package to Parliament to facilitate long-awaited reforms.
Gov’t to break $200m Treasury Notes mark
The Government is hoping to next week breach the $200 million mark for funds raised via its new Treasury Note security, with advisers confident the latest $25 million offering will be fully subscribed.
Bran: ‘Despair Index’ at highest-ever level
The Democratic National Alliance’s (DNA) leader yesterday warned that the Bahamian people’s’ “despair index” is at its highest-ever level, with the economy still mired in depression seven years after the global financial meltdown.
Brothers create 100 jobs via $2m franchise launch
The Tsavoussis brothers will next month unveil their third Bahamian food franchise with the launch of a $2 million ‘Popeyes’ restaurant on Prince Charles Drive, a move which will create around 100 jobs.
‘High time’ GBPA is listed on BISX
An outspoken QC yesterday said it was “high time” the Grand Bahama Port Authority (GBPA) was returned to public ownership via a listing on the Bahamas International Securities Exchange (BISX), as concerns rise over Freeport’s “discombobulated” economy.
Landfill fires must end for Baha Mar’s opening
The Democratic National Alliance’s (DNA) leader yesterday suggested it would be impossible to open Baha Mar without stopping the New Providence landfill’s frequent fires, describing the resulting air pollution as “equivalent to raw sewage on the beach”.
Contractors: Baha Mar revival ‘beyond critical’
The Bahamian Contractors Association’s (BCA) president yesterday warned that the plight of contractors collectively owed $74 million by Baha Mar was “beyond critical”, calling for an immediate revival of the stalled project to stave off
Taxi drivers ‘making progress’ on franchises
A taxi union leader yesterday said that “some progress” was finally being made in a decades-old effort for the sector to take control of its own destiny and become self-regulating.
