BTC ‘cash cow not giving whole milk’
A union president will today submit “a list of concerns” to the Bahamas Telecommunications Company (BTC) over its cell tower sale after yesterday’s call with its top executive “left more questions than answers”.
Delay dividends to give bigger payout, BOB told
Bank of The Bahamas should have waited to pay a more substantial dividend than its recent one cent per share declaration after a 49.6 percent jump in profits, an investor argued yesterday.
Wendy’s PI approval ‘void’ on land use plan absence
Atlantis and other major resorts yesterday sought to overturn the approval granted to Wendy’s and Marco’s Pizza by branding it “void” due to the absence of a land use plan for Paradise Island.
Alliance to advance Bahamian innovation
The Ministry of Tourism, Investments and Aviation yesterday signed an agreement with the Black Innovative Alliance (BIA) to boost technology entrepreneurs and innovation in The Bahamas.
Private sector eager to partner over downtown Nassau revival
The Government senator in charge of downtown Nassau’s clean-up yesterday said several landlords and businesses have voiced an interest in partnering with the revitalisation project.
Passion shrunk at Love Beach
Love Beach residents last night hailed the planning authorities for “hearing our voices” after they imposed restrictions that cut three storeys off a prominent Bahamian developer’s project.
Sam Bankman-Fried’s Bahamas non-profit in ‘sham’ denial
Allegations that a Bahamian non-profit established by jailed FTX founder Sam Bankman-Fried was a “sham” were yesterday denied by the expatriate executive who oversaw its operations.
Anti-corruption defences: ‘Get them over the line’
Governance reformers yesterday renewed calls for The Bahamas to “accelerate” the full enactment of transparency-related laws and “get them over the line” amid fresh contract controversy.
BTC urged: Prioritise network over 5G with tower sale funds
The proceeds from the sale and leaseback of the Bahamas Telecommunications Company’s (BTC) cell towers would be better invested in other parts of its network than 5G, a union leader argued yesterday.
Water Corp’s debt to main supplier up $7m
The Water & Sewerage Corporation is taking “about as much water” as its main BISX-listed supplier can produce even though its debts to the latter rose 41.5 percent during the 2023 third quarter.
Gov’t eyes purchase of Freeport’s Bazaar
The Government is exploring the potential acquisition of Freeport’s derelict International Bazaar site as the location for its proposed African-Caribbean products marketplace.
BTC cell tower sale to help finance 5G
The Government wants “part of the proceeds” from the sale and leaseback of all the Bahamas Telecommunications Company’s (BTC) 345 cell tower sites to be reinvested in improving services and 5G technology.
ArawakX ‘good undeniable’ yet KC confident on full winding-up
ArawakX’s president says “nobody can deny the good” it achieved as Securities Commission attorneys hailed the appointment of provisional liquidators as vital to “protecting the capital markets”.
Up to $100m targeted in Abaco ports investment
The Government is eyeing a combined $100m investment to transform Abaco’s two commercial shipping ports into facilities that meet global best practices and standards.
FTX Bahamas put into full liquidation
The Supreme Court has approved FTX’s Bahamian subsidiary being placed into full judicial-supervised liquidation on the basis that it is just and equitable to do so.
