North Eleuthera airport ‘game changer if they can pull it off’
Resort owners and realtors yesterday hailed the securing of $55m for North Eleuthera Airport’s transformation as “a game changer if they can pull off a fully functioning” gateway to the high-end destination.
Rental car frustration over plates shortage
Multiple rental car owners yesterday voiced frustration at their inability to obtain insurance for vehicles, while still having to pay full franchise fees, due to a shortage of self-drive licence plates.
Former MP and judge facing assets seizure
Authorities were yesterday said to be moving to seize assets owned by an ex-MP and former Supreme Court judge in a bid to satisfy a multi-million dollar judgment obtained against him.
‘Magic mushrooms’ defendant in unlicensed crypto venture
A co-defendant in the much-publicised “magic mushrooms” case has also been operating an unlicensed crypto currency business from The Bahamas, Tribune Business can reveal.
Bahamian ‘over the moon’ at beating top developers
A BAHAMIAN engineer is “over the moon” that the planning authorities have rejected an appeal by two of New Providence’s largest developers that sought to halt his $20m project.
Sarkis ‘I’d have saved’ $500m if CCA told truth
BAHA Mar’s original developer would not have spent $500m on preparing for the failed March 2015 opening if he “had known the truth” that its main contractor was about to bust the deadline.
‘Remarkably favourable’ multi billion gain for FTX creditors
FTX’s Bahamian liquidators are asserting that the failed crypto exchange’s creditors and customers will enjoy “a remarkably favourable outcome” via a multi-billion interest gain while recovering all their principal.
CCA: Baha Mar fail ‘inevitable’ even if we met open deadline
BAHA Mar’s main contractor is alleging the project’s “insolvency was inevitable” even if the original March 27, 2015, opening deadline was met due to inadequate revenues and inability to access “key money”.
Sands challenges Gov’t over ‘cooking the books’ on deficit
THE Free National Movement’s (FNM) chairman yesterday challenged whether the Government “cooked the books” to bring last fiscal year’s deficit in close to its original $131.1m target.
Solution is ‘on the horizon’ for Company Registry woe
FINANCIAL services providers and corporate Bahamas were yesterday promised that resolution of payment “back-logs” and other woes with the new online Companies Registry portal is “on the horizon”.
Preacher’s Kid relocation ‘smart business decision’
A BAHAMIAN chef yesterday described the closure of his Nassau Cruise Port restaurant as “a smart business decision” while confirming all 24 staff have received “generous severance packages”.
Bahamas to school Trinidad in tourism crisis management
TRINIDAD & Tobago is set to receive lessons in “crisis management best practices” from The Bahamas so it can better protect its own tourism industry and ensure its sustainability.
$40m Exuma project to dredge 240k cubic yards over marinas
THE $40m Rosewood Sampson Cay project plans to dredge almost 240,000 cubic yards of fill to create two marinas for a development set to cover most of the island’s 124 acres when completed in 2031.
Bahamian promoted to Albany executive chef
ALBANY yesterday said it has promoted Bahamian employee, D’Angelo Charlton, to executive chef.
Sandals confirms Emerald Bay staff deployed to other resorts
SANDALS yesterday confirmed that some of the 425 staff impacted by its Emerald Bay property’s closure have already been redeployed to its Nassau and Turks & Caicos resorts.
