‘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.
$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.
