Arawak Cay port operator awaits Abaco bid outcome
Nassau’s commercial port operator is waiting to learn if its bid to take over Marsh Harbour’s main shipping gateway has been successful as it eyes wider Family Island expansion.
Early 2024 start to protect Junkanoo Beach’s $8.2m
Nassau harbour’s breakwaters will suffer “total failure” if not repaired, it was revealed yesterday, with additional shoreline protection works required to protect Junkanoo Beach’s $8.2m impact and 150 jobs.
Consumer watchdog says complaints triple
The Consumer Protection Commission’s (CPC) top executive yesterday said complaints have almost tripled compared to 2022 as Bahamians become more aware of its role in resolving their grievances.
Despite health concerns, possibly due to mould, Ministry of Grand Bahama remains open
STAFF at the Grand Bahama Ministry has been experiencing health issues due to the presence of mould at the Harold DeGregory Government Complex Building on the Mall.
The world is getting smaller
ActivTrades
For the past three months, the MSCI World index has been posting losses. The index is one of the most important building blocks for long-term equity savers.
Renewed concerns on foreign fishermen
A Bahamian fisherman yesterday voiced concern that Dominicans, previously prevented from working on local boats under the Fisheries Act 2020, were getting around this law by obtaining citizenship
Gov’t signs PPP for Bimini airport
The Government, likely with eyes on the constituency’s upcoming by-election, yesterday signed a deal for a private consortium to transform Bimini’s airport facilities.
Accountants seek to boost investigation body powers
The Bahamas Institute of Chartered Accountants (BICA) is seeking to strengthen its investigation committee’s powers to take action when complaints are made against members, it was revealed yesterday.
Marina operator says: ‘We’re not better deal’
Marina operators are still voicing concern about The Bahamas’ prospects for the upcoming winter boating season, with one telling Tribune Business: “We’re not a better deal.”
Balmoral to appeal ‘baffling’ hotel denial
The Balmoral Club has confirmed it will appeal against the Town Planning Committee’s (TPC) “baffling” rejection of its $25m, eight-storey condo hotel expansion.
PI braces for new fast-food conflict
Paradise Island is bracing for a new fast-food battle with plans to establish Kentucky Fried Chicken (KFC) and Burger King outlets set to potentially double the number of such brands to four.
Cargo shipping disruption rises on breakwater woes
Nassau’s main commercial shipping port is warning that repairs to the harbour’s breakwaters are becoming ever-more urgent with “interruptions” to the unloading of cargo vessels “increasing” in recent months.
LPIA hotel ‘very much at the forefront again’
Plans to develop a hotel at Lynden Pindling International Airport (LPIA) are “very much at the forefront again” as its operator seeks to acquire extra land from the Government for expansion.
Bahamas must target 70% cruise visitor ratio
A well-known hotelier says The Bahamas must do a better job on cruise passenger “conversion” and increasing the number of resort rooms if it is to maximise tourism’s economic benefits.
DEREK SMITH: Corporate culture must emphasise compliance
Businesses must have a solid corporate culture to gain a competitive advantage. For a thriving business, it enhances employee performance, increases engagement and forms the backbone of a compliance programme. Conversely, a poor corporate culture, or total absence of one, restricts access to elite talent as well as leading to non-compliance with business norms, laws and societal expectations.
