PM calls on JP Morgan to invest more in Bahamians
PRIME Minister Philip Davis KC yesterday called on J P Morgan Trust Company (Bahamas) to build on its decades-long investment in this nation by training more locals and partnering with the Government on emerging blue finance and carbon market opportunities.
Finance chief: Infrastructure spending generating growth
The Ministry of Finance’s top official yesterday said the Davis administration’s growing investment in roads, energy infrastructure and public facilities is intended to create long-term economic growth rather than simply expand public spending.
Pilot $2.6m flooding solution plan for Pinewood Gardens
The Davis administration is investing $2.6m in a pilot project for Pinewood Gardens that it hopes will finally provide a long-term solution to decades of chronic flooding, with four lift stations designed to pump stormwater underground instead of relying solely on traditional drainage.
Aviation Safety Committee formed following fatal crash
A Cabinet minister has held a second meeting within a week with stakeholders who will form a newly-appointed Bahamas Aviation Safety Committee and ‘think thank’ in the wake of the fatal Andros air crash.
Minister meets with airline operators in The Bahamas
A Cabinet minister this Wednesday met with members of the Bahamas Airline Operators Committee (AOC).
Freeport Harbour’s 270-acre expansion to secure 84 jobs
Bahama Rock’s plan to expand Freeport Harbour westwards by aggregate mining almost 270 acres, enabling it to maintain its 84-strong workforce and annual $25m economic impact, was yesterday hailed as “transformational” for the city’s maritime ambitions.
Immigration’s six day work permit u-turn ‘not lawful’
The Immigration Department’s abrupt six-day u-turn, first approving then revoking work permits for two Jamaican handymen, has been “quashed” by the Supreme Court which found this action was “not done transparently, lawfully and fairly”.
GB resort owners accuse police over failed reclaim
Attorneys representing the Old Bahama Bay resort’s owners yesterday accused senior police officers of acting “in excess of their authority” after the latest bid to change all locks and seize management control was foiled.
Family Islands fear loss of Flamingo Air capacity
FAMILY Island resort operators yesterday warned that Flamingo Air’s temporary bar from flying following Friday’s fatal Andros crash has created furrther uncertainty over visitor access and seat capacity.
‘Limited noise levels’ via Bahama Rock expansion
Bahama Rock’s proposed Freeport Harbour expansion will likely consume $5.5m worth of electricity per year, it has been projected, with studies seeking to reassure nearby Eight Mile Rock residents that they will endure “limited noise levels” from the project.
RF Bank stages human resources leadership forum
RF Bank & Trust (RF) has hosted its fifth annual human resources (HR) leadership forum, bringing together more than 50 senior industry executives.
Andros calls for regular commercial air services
North Andros businesses yesterday urged the Government and Bahamasair to strengthen Family Island air connectivity, arguing that dependable scheduled service is essential to attracting tourists, supporting investment and growing the island's economy.
BPL urges conservation amid heat wave demand
Bahamas Power & Light (BPL) yesterday urged consumers to conserve electricity an an ongoing heat wave drives up demand, while revealing that crews are simultaneously battling cable faults and weather-related damage that have triggered extended outages in parts of New Providence.
North Andros businesses frustrated by power woes
North Andros businesses yesterday said hours-long power outages are worsening an already weak economy, with one retailer losing refrigerated stock while the island's Chamber of Commerce warned some firms "can't take much more".
Exuma resort investing ‘several hundred thousand’ in upgrades
An Exuma resort is investing several hundred thousand dollars to enhance the guest experience while capitalising on stronger-than-usual tourism demand.
