PharmaChem more than $68m insolvent
PharmaChem Technologies is more than $68m insolvent with its major creditor having secured just 26.3 percent of the massive debt owed to it, Tribune Business can reveal.
Church owns 60 properties but ‘can’t pay’ $776k award
A Freeport church asserted it would be “totally compromised” if its bank deposits were seized to satisfy a $776,000 judgment despite owning a 60-strong, mortgage-free real estate portfolio.
BTC slams ‘excessive’ $209,488 URCA fine
The Bahamas Telecommunications Company (BTC) last night slammed the $209,488 fine imposed on it by regulators for breaching mobile number portability rules as “unwarranted and excessive”.
PI Straw Market relaunch to boost tourism’s authenticity
Senior Atlantis executives say the Paradise Island Straw Market’s relaunch, and creation of the accompanying Food Village, will provide tourists with more authentic experiences.
African bank eyes $700m investment in Caribbean
The African Export-Import Bank (Afreximbank) is eyeing a $700m investment in the Caribbean as it prepares for its annual general meeting (AGM) that will be held in The Bahamas this June.
Retired judge named to solar power firm Board
The renewable energy provider behind a $15m utility-scale solar project on Grand Bahama has named retired justice Rubie M. Nottage to its Board of Directors.
Nassau/PI selects new UK marketing partner
The Nassau Paradise Island Promotion Board (NPIPB) has selected a new marketing partner to represent the destination to the UK travel industry.
PM: Bahamas must avoid ‘pitfalls of past’ over FATF
The Bahamas must “avoid stumbling into the pitfalls of the past” by upholding regulatory standards to maintain its perfect rating on anti-financial crime compliance, the Prime Minister says.
Bahamian group teams for growth in agriculture
A regional agriculture body has teamed with the Agricultural Development Organisation (ADO) of The Bahamas to promote the industry’s sustainable development in this nation.
Gov’t ‘100% locked in’ to growing agriculture
The Prime Minister says agriculture holds “vast untapped potential” with The Bahamas’ annual $1bn food import presenting “million dollar opportunities” for local farmers to exploit.
PI resort, development escape tax debt sell-off
A Paradise Island resort and Long Island investment project are among those that have escaped being sold-off by the Government through settling their alleged real property tax delinquency.
Bank’s Out Island sites ‘a philanthropic service’
Bank of The Bahamas’ top executive yesterday described its Family Island presence as an act of “philanthropy” amid complaints that woes at its branch have left south Eleuthera in “a dire situation”.
Adapt to tourist profile so we ‘blow past’ 2019
Family Island hotels must adapt to a visitor demographic profile that has been flipped upside down over the past decade if they want to “blow past” pre-COVID numbers, a top tourism official is warning.
PI hotel project’s 100 ‘permanent’ job pledge
A development that aims to be Paradise Island’s “first new hotel for many years” yesterday said its project will create 100 permanent jobs and a similar number of construction posts.
No consumer respite despite inflation ease
As the tide of inflation in The Bahamas seems to be ebbing, it prompts reflection on what this means for the average Bahamian’s wallet.
