$600m Shipyard project ‘under threat’ over airlift
Grand Bahama Shipyard’s $600m dry dock investment and related projects “are already under threat” due to the island’s airlift shortage, its chief executive has warned.
Electric car dealer targets mid-year start on new HQ
A Bahamian electric vehicle dealer yesterday revealed it beat 2023 targets via a “one-third” sales increase as it bids to start construction on its new “multi-million” headquarters by around mid-year.
Opposition: ‘Adjust’ Budget as 91% of deficit room used
The Opposition’s finance spokesman last night warned the Government “must adjust” its Budget targets and figures despite year-over-year improvements in its October revenues and deficit.
‘Raise the bar’ call on permanent residency
A Bahamian realtor has renewed his call to raise the threshold above which foreign home buyers can qualify for permanent residency to $1m as part of a strategy to “take the strain” off raising taxes.
Abaco jam maker laments lack of Out Island support
An Abaco jam and preservative maker needs $80,000 for a new machine to scale-up production and is lamenting the lack of support for Family Island businesses.
Commerce is hit by BPL ‘generator trip’
Many New Providence businesses were hit by a Friday power outage lasting several hours after Bahamas Power & Light (BPL) suffered “a generator trip” at both the island’s power stations.
Carnival unveils its public affairs chief
Carnival Corporation has hired the former chief operations officer at Grand Bahama’s water supplier to help strengthen local ties prior to its new $500m cruise port opening.
Bahamas $500m loan secures over half external finance need
The Bahamas has secured more than half its foreign currency financing needs for the current fiscal year by obtaining a $500m loan partially guaranteed by the Inter-American Development Bank (IDB).
Real estate crowd-funder urges it get a ‘fair shake’
A crowdfunding-based real estate business is urging that it be given a “fair shake” as it enters its fourth year of seeking approvals from Bahamian financial services regulators.
A new dawn
ActivTrades
The Securities and Exchange Commission (SEC) in the US has approved exchange-traded funds (ETFs) investing in the digital currency, Bitcoin, after a long period of hesitation. In the struggle with Bitcoin proponents, including large banks and asset managers, the SEC admitted defeat and ultimately allowed Bitcoin ETFs.
Auto dealers optimistic 2023's 40% surge keeps momentum
A Bahamian new auto dealer yesterday voiced optimism that price stability and better availability will further boost sales in 2024 following a 40 percent year-over-year surge for the first 11 months last year.
Drug lure: 50% of school leavers lacking diploma
"A significant" number of young Bahamians are being lured into the drug trade as 50 percent of high school leavers graduate without even a diploma, a policy document is asserting.
Dorian 'hangover' cuts outlook for the Summit
A Bahamian insurer yesterday voiced optimism it will soon break free of its "Hurricane Dorian hangover" and escape any potential downgrade by the industry's main creditworthiness assessor.
'Whistleblower' official should go before PAC
A top civil servant's attorney yesterday argued that what his client has allegedly suffered must "in no circumstance be allowed to happen" to other public officials who seek to expose purported "wrongdoing".
IAN FERGUSON: Strengthening business resolve in the New Year
The year 2023 is now officially history. We have walked into a brand new year - for some, a new fiscal year - where trying to find a proper footing and bearings is not the best position to be in. Good track and field athletes know their success often depends on how they start the race.
