Wilson: No investments fall-out from US report
A leading businessman has expressed confidence that the US government’s controversial Investment Climate report will deter few investors from coming to the Bahamas, adding that it was “not the first low standard work” coming from the Nassau Embassy.
Atlantis places renewable energy on 'front burner'
Atlantis will be “redirecting” its focus to renewable energy generation systems now that it has concluded its $1.9 billion debt refinancing, its top executive saying last week’s island-wide power blackout could not have happened at a worse time.
BEC power snafus 'past frustrating'
The private sector is calling for greater consistency from the Bahamas Electricity Corporation (BEC) in its electricity supply and alternative forms of energy in the wake of last weeks island wide blackout, with one business owner calling the situation “past frustrating”.
CHAMBER VOICE: Mediation the best form of transition
The historians have documented the economic history of the Bahamas very well.
Businessman backs gaming segregation
A leading businessman is backing government plans to maintain the status quo and prevent Bahamians from gambling in casinos, telling Tribune Business: “If it isn’t broke, don’t worry about it.”
'Crime' to delay casino reforms
The Government was yesterday urged to deal rapidly with the “no brainer” casino gaming reforms, a former Chamber of Commerce president arguing it would be a “crime” if Bahamas-based facilities were unable to upgrade their offerings due to delayed legislation.
Bahamas urged to alter 'status quo'
While agreeing with a US government report that the Bahamas’ public sector procurement/contract process “lacks transparency”, a leading businessman charged that the US was guilty of much the same and called for a change in the “status quo”.
GB hotels enjoy 37% revenue rise
Grand Bahama hotels have seen a 37 per cent room revenue increase year-to-date as a result of the extra airlift associated with the Memories resort’s opening.
Kerzner bids its Atlantis farewell
Kerzner International said yesterday the Atlantis brand has been driving significant development in new markets such as Dubai and China, and was continuing to expand the brand globally.
Illegal netting threatens $1.5m bonefish investment
A Long Island bonefishing lodge owner says his $1.5 million investment and six jobs are being jeopardised by illegal netting, which threatens to “wipe out” the industry within the next five years.
Gov't 'dragging on everything'
The Tax Coalition’s co-chair yesterday said there ad been no contact with the Government since the Budget’s unveiling more than a month ago, complaining that the Christie administration was “dragging their feet on everything” vital to the private sector.
US gov't report 'tremendous blow' to FDI attraction
US government criticisms have dealt “a tremendous blow” to the Bahamas’ prospects of attracting increased foreign direct investment (FDI) at a time when this nation most needs it, the Democratic National Alliance’s (DNA) leader said yesterday.
PM 'in la la land' on Bimini as top PPP
A well-known QC yesterday said Prime Minister Prime Minister Perry Christie was “living in la la land” to tout the Resorts World Bimini development as the best example of a successful public-private sector partnership (PPP).
Ansbacher in $2myacht lien battle
Ansbacher (Bahamas) is seeking to recover more than $2 million owed by a delinquent borrower by foreclosing on, and selling, his multi-million dollar yacht.
'Five Baha Mars' needed to solve jobless crisis
The Bahamas needs “five Baha Mars going on” simultaneously to achieve the 5.5 per cent GDP growth necessary to slash existing unemployment by 50 per cent and absorb thousands of annual school leavers into the workforce.
