Full regulation will ‘double’ construction’s $408m in Q2
The Bahamian Contractors Association’s (BCA) president yesterday asserted that the construction sector can “at least double” the 2024 second quarter’s $408m in total activity if properly regulated.
URCA takes GBPA energy battle to Supreme Court
THE Utilities Regulation and Competition Authority (URCA) has put its battle with the Grand Bahama Port Authority (GBPA) over who has the authority to regulate Freeport’s energy sector before the Supreme Court.
Coral restoration ‘wow factor’ via $1m grant
A pioneering Grand Bahama project yesterday revealed it can now “accelerate” its coral reef restoration work and add “the wow factor” to its eco-tourism product through a $1.03m funding injection.
Spending jumps 20% to triple Gov’ts deficit
A near-20 percent increase in total government spending caused The Bahamas’ fiscal deficit for the 2024-2025 first quarter to triple when compared to the prior Budget year.
Satellite providers in mobile, national security restrictions
Regulators are proposing that satellite communications providers must store Bahamas-generated data in this nation to comply with national security laws given the industry’s “strong interest” in entering this market.
‘Moment of truth’ over controversial pilot test
The Bahamian aviation regulator’s Board will meet today at 1pm with the deputy prime minister present to determine how it will proceed over a controversial exam that has sparked fears of a pilots’ shortage.
Company closure fears on business ease and costs
The Chamber of Commerce’s chief executive yesterday warned that failing to resolve ever-growing challenges with the cost and ease of doing business will “inevitably force” companies to close their doors
Gov’t agencies meet merchants to tackle living costs, complaints
Officials from the Bahamas Trade Commission and consumer watchdog yesterday met with leading merchants to discuss ways to lower the cost of living and improve the customer experience.
New cinema heading to Mall at Marathon
The Mall at Marathon has confirmed a new movie theatre is coming almost two years after Galleria Cinemas closed its doors in April 2022 following the COVID-19 pandemic.
Cruise lines rename their Bahamian private island
Two cruise lines yesterday announced the renaming of a Bahamian private island destination to RelaxAway, Half Moon Cay.
Sandals chief addresses staff in Bahamas, eight other countries
The Sandals resort chain recently held a second group-wide meeting for 2024 that saw Adam Stewart, its executive chairman, address employees from nine countries including The Bahamas.
Fidelity Bank to target ‘venture capital space’
Fidelity Bank (Bahamas) is “extremely confident we will exceed the $18m” full-year profits target for 2024 as it explores the best way “to enter into the venture capital space”.
Doctors to add 22 jobs via $7.7m Village Road spend
Doctors Hospital will add a further 22 jobs with the $7.7m investment in its Village Road diagnostic and imaging centre as it pursues the further build-out of its nationwide care network.
Marina chief: Gov’t ‘unfairly stripped’ boating fee portal
The Association of Bahamas Marinas (ABM) and its payment partner “have been unfairly stripped” by the Government of the online portal they created to collect boating fees, the former’s president is alleging.
$3.4m damages claim for ‘breach’ after boating fee portal shutdown
A furious legal battle has erupted over a Bahamian payment provider’s $3.473m damages claim for “unlawful political and/or improper patronage” interference that led to the online boating fees portal’s closure.
