Supreme Court takes over PharmaChem’s liquidation
The liquidation of PharmaChem Technologies has been placed under the Supreme Court’s supervision due to the company’s massive insolvency, Tribune Business can reveal.
Top KCs hired amid bid to avoid $200m GBPA battle
TWO top attorneys have been hired by the Grand Bahama Port Authority (GBPA) to defend an anticipated $200m demand from the Government amid last-ditch efforts to avoid a legal confrontation.
Gas dealers: ‘Silence too great’ on margin increase
GAS station operators yesterday said “we cannot wait longer than a week” for the Prime Minister to respond to cries to address their plight, with one asserting: “The silence is too great.”
URCA rejects Cable’s Starlink ‘level playing field’ push back
REGULATORS yesterday rejected Cable Bahamas’ renewed concerns that it is competing on an “unlevel playing field” against Elon Musk’s Starlink satellite Internet service.
Hotel workers gain ‘tens of millions’ via new deal
HOTEL workers will receive “tens of millions of dollars” in extra financial benefits following yesterday’s signing of the industry’s first industrial agreement for more than a decade.
BPL ‘requires over $500m’ as Bannister blasts ‘insult’
An ex-deputy prime minister yesterday branded the Government’s handling of Bahamas Power & Light (BPL) reforms “an insult to the Bahamian people” as it emerged the utility’s “financing needs” exceed $500m.
Aviation dedicated to address FAA concern
THE Government’s aviation director yesterday said the industry is “totally committed” to addressing deficiencies that may arise from an inspection by US regulators as they await the final findings.
Aviation chief hails sector’s positive ‘industrial climate’
THE Government’s aviation director yesterday hailed the positive “industrial climate” with trade unions in the sector.
BPL workers: We feel betrayed
BAHAMAS Electrical Workers Union (BEWU) president Kyle Wilson said employees at Bahamas Power and Light (BPL) have given “an outright NO” to the impending private public partnership (PPP) agreements for the utility company.
Pintard on BPL: ‘How in the hell did we get to this point?
OPPOSITION leader Michael Pintard said the government’s potential granting of private public partnerships (PPPs) for the generation and transmission and distribution at Bahamas Power and Light (BPL) “appears to be privatisation”.
Condo development denied by Department of Physical Planning
PLANS for the Neveah Group Enterprises’ Palazzo Vista Del Mar project - to be located on a 21,000 square foot site south of Da Plantation Bar and Grill off West Bay Street - were shot down by physical planning officials who considered the project to be an “over-development” of the site.
Bank signs agreement to back equality project
THE Bahamas Development Bank (BDB) and Food and Agriculture Organization (FAO) of the United Nations (UN) signed an agreement aimed at advancing the Joint Sustainable Development Goals (SDG) Fund’s Building Back Equal project.
DEREK SMITH: The intersection of infosec and compliance
The saying “Trust is good, but control is better” is ever more pertinent as the digital frontier expands at an unprecedented rate, especially for financial institutions in developing countries. Yet, in the pursuit of compliance, we often overlook a critical point: compliance is more than just a regulatory requirement; it is a strategic asset that fosters innovation, trust, and growth.
National debt up as spending rises faster than revenue growth
The Central Bank revealed yesterday that the national debt grew by $206m over the last quarter.
Pintard hits out at JDL as operations to begin
In a widely circulated memorandum yesterday, the chief operations officer of JDL Cargo Management said that effective February 19 the company was to commence operations within the Lyndon Pindling International Airport (LPIA).
