Bahamas ‘cornerstone’ for stem cell firm’s expansion
A stem cell provider yesterday branded The Bahamas “one of the cornerstones” for its global expansion plans as it unveiled ambitions to “double” its staff presence here within the next 12 months.
Citi: ‘No intent’ for job loss in JTC trust sale
Citigroup yesterday said it does “not intend” for there to be any job losses at its Bahamian Citi Trust subsidiary from selling that unit’s worldwide operations to rival financial services provider, JTC.
PM confirms gas margins increase
The Prime Minister last night said the Government has agreed to grant petroleum retailers their long sought-after margin increases they say are essential to the survival of their companies.
GB Power chief lost for words on rate pushback
Grand Bahama Power Company’s top executive is lost for words over why most customers are ignoring his pledge that 75 percent of them will see lower bills under its new rate structure.
Minnis challenges cruise power deal
An ex-prime minister is again voicing concerns that “the average Bahamian is being excluded” from opportunities to grow their wealth - this time through the newly-unveiled cruise ship ‘shore power’ deal.
Top developers accused of ‘weaponising’ covenants
A Bahamian engineer yesterday accused two of New Providence’s top developers of “weaponising” development restrictions in a bid to “control” other projects and potential competitors.
Gov’t to acquire five acres of controversial graveyard
The Government has moved to compulsorily acquire almost five acres of a 13-acre parcel targeted for the controversial development of a cemetery on Bernard Road, it was confirmed yesterday.
Over 200 apply for agri-food and tourism project
More than 205 applications have been received during the first seven months of an initiative designed to empower women entrepreneurs in the tourism and agri-food sectors.
Chamber urges lower tax to ease gas retailers’ pain
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has called on the Government to lower petroleum taxation as part of a compromise to give relief to gas station operators.
Residents optimistic on Eleuthera utility woe
Eleuthera residents are voicing cautious optimism that the Government is delivering on its promises to resolve the electricity and water outages that have plagued the mainland and Harbour Island for months.
$177m Treasure Cay deal ‘day of joy’ for community
Treasure Cay business and second home owners have hailed the $177m investment that promises to revive the community as “a day of joy” after multiple previous deals fell through.
GB Power ‘out the woods’ on outages by next week
Grand Bahama Power Company’s top executive last night voiced optimism it will be “out of the woods” by next week as he revealed: “We’re trying to thread the needle between reliability and affordability.”
Petroleum retailing ‘dead end’ business
Virtually all gas station operators are aged over 50 because the industry is viewed as a “dead end” business where entrepreneurs cannot earn a profit, their Association president is asserting.
Ex-MP: Eleuthera’s water ‘never this bad’ under me
A furious political row erupted yesterday over Eleuthera’s water and electricity woes after one of the island’s former FNM MPs insisted it was “never ever this bad” under the Minnis administration.
Gov’t to be ‘more rigorous’ on investor accountability
The Government will be “more rigorous” in holding investors behind the $9bn worth of investment projects approved since the Davis administration took office “accountable”, it was revealed yesterday.
