Tourism chief ‘doesn’t see’ US crime travel advisory
The Bahamas is not presently in danger of suffering a US travel advisory over the recent murder spike, a senior hotelier asserted yesterday, adding that it was not yet "a major concern for tourism.
Commission 'content' to hand over $426m FTX digital assets
The Securities Commission plans to seek Supreme Court approval to transfer some $426m worth of digital assets it is safeguarding into the care of the liquidators for FTX's Bahamian subsidiary.
FTX Bahamas: ‘Best deal to avoid asset extinction’
FTX’s Bahamian liquidators are asserting the settlement with their US adversary “represents the best deal” possible given that lengthy legal battles would slash creditor recoveries “possibly to extinction”.
Chamber chief unaware of Freeport investor deterrent
Grand Bahama’s Chamber of Commerce president says he is unaware of investors being deterred from coming to Freeport despite the “rather cumbersome” approvals process.
Accounting urged over road repair cancellation
A South Andros businessman yesterday called for an accounting to determine how much taxpayer money has been wasted through the cancellation of a multi-million dollar road repair contract.
Social spending better than price controls on living cost
The Government’s former top financial official yesterday argued that increased social spending would better help Bahamians struggling with the cost of living crisis than the imposition of price controls.
GB Chamber chief optimistic PharmaChem will ‘rise again’
Grand Bahama’s Chamber of Commerce president yesterday said he is optimistic that PharmaChem Technologies’ plant will “rise again” as the company now begins its winding-up
Businesses urge: Put crime ‘on the run’ as security costs triple
Businesses yesterday urged The Bahamas to put criminals “on the run” as they revealed security-related costs have “tripled” over the past year to combat the threat posed to staff and patrons.
Loss-making Pizza Hut’s close: 90% of jobs saved
Almost 90 percent of impacted staff have retained jobs despite the loss-making Pizza Hut franchise’s decision to shut its three New Providence locations with effect from Sunday.
Gov’ts $131m deficit goal ‘already out the window’
The Government’s projected $131m deficit for the current fiscal year is “already out the window” given the performance for the first four months, a financial analyst asserted yesterday.
‘We must know what the heck is happening over GB airport’
Grand Bahama’s Chamber of Commerce president says “it’s absolutely critical we know what the heck is happening” with the airport redevelopment if Freeport is to position itself as a “city on the move”.
Bran: Cost of living the ‘biggest crime’
The Democratic National Alliance’s (DNA) former leader yesterday suggested that “the biggest crime in this country” is the cost of living crisis that is continually squeezing middle class and lower income Bahamians.
Abaco Chamber chief’s ‘burning’ landfill worries
The Abaco Chamber of Commerce president yesterday voiced concern over potential environmental damage from a landfill said to be “burning out of control”.
GB entrepreneur to crowd fund entertainment centre
A Grand Bahama entrepreneur will formally announce his bid to crowd-fund the development of an entertainment centre on February 3.
Opposition chief urges 'one stop' approvals in Freeport
The Opposition's Leader yesterday called for a 'one-stop' approval process for all potential investors in Freeport as a means to revive the city's fragile economy.
