Albany developer’s Bahamas return after spared jail time
ALBANY’S principal investor was given permission to return to The Bahamas as early as yesterday after being spared jail time following his previous guilty plea to securities fraud.
‘Mind-boggling’ timing over Gov’ts $357m GBPA claim
A FREEPORT attorney yesterday asserted it was “mind-boggling” that the Government should again “throw darts” at the Grand Bahama Port Authority (GBPA) given the island’s $2bn investment pipeline.
Pension shake-up over $3.5bn hole
PENSIONS for thousands of Bahamian public sector workers are poised for a major shake-up in a bid to tackle “alarming” unfunded liabilities that could impose a $3.5bn burden on taxpayers come 2030.
Fraud issues behind Finco’s $500 ATM daily limit
ROYAL Bank of Canada’s (RBC) BISX-listed mortgage financier has this week imposed $500 daily automated teller machine (ATM) withdrawal limits in a bid to better protect customers from fraud.
Gov’t u-turn on Nassau solar bidding deadline
THE Government has performed a u-turn over the deadline by which all bids on the New Providence renewable energy and microgrid project must be received, it can be revealed.
‘Public protest’ not enough to overturn planning approvals
PLANNING authorities yesterday modified the approvals granted to Wynn Development’s 14-storey Goodman’s Bay penthouse while ruling that “public protest” is not sufficient to overturn prior decisions.
NIB’s $240m loss at COVID’s peak
COVID-19 has left the National Insurance Board (NIB) facing an “uphill lift” to recovery after plunging the nation’s social security system into a $240m loss at the pandemic’s peak.
Gov’t and Opposition fight on GDP growth
THE Government and Opposition yesterday battled over what real GDP growth that fell below expectations for 2023 means for The Bahamas’ short-term economic prospects.
Bahamas approved for $60m ‘blue economy’ credit facility
THE Bahamas is gaining access to a $60m credit line targeted at micro, small and medium-sized businesses (MSMEs) in the so-called ‘blue economy’ in a bid to boost sustainable development.
GB $15m solar project in end-April commissioning
THE contractor charged with building and operating a $15m utility-scale solar project on Grand Bahama yesterday said the site will be commissioned at end-April 2024.
‘Stress’ will stop business from joining apprenticeship scheme
THE private sector is dealing with too much “stress” to participate in the National Apprenticeship Programme, said former Prime Minister Dr Hubert Minnis yesterday.
PI crown land battle will go to privy council
THE Bahamian entrepreneur aiming to restore Paradise Island’s lighthouse has “every confidence we will succeed” as he bids to take his long-running battle with the Government before the Privy Council.
Bahamasair teams with TSA for faster security screening
Bahamasair says it has partnered with the Transportation Security Administration (TSA) to provide more efficient and seamless security processing for passengers flying to and from the US.
FOCOL targets wide growth in ‘preparing for the next 50 years’
FOCOL Holdings’ top executive last night said it is targeting growth “in every sector of our business”, including gas stations and electricity generation, and added: “We’re preparing for the next 50 years.”
Artists urged to make mark in downtown mural project
Bahamian artists are being encouraged to make their mark on downtown Nassau’s revival by creating murals that will upgrade the area’s appearance and highlight this nation’s culture.
