Local Business

Subscribe

Tease photo

‘Incompatible’ Balmoral condo hotel is rejected

The Balmoral Club’s eight-storey, 50-unit condo hotel expansion has been rejected by the planning authorities because it is “incompatible” with land use and development trends in the community.

Tease photo

FTX executive violated work permit restrictions

An FTX executive breached Bahamian Immigration regulations by working outside the scope of his work permit, court documents have revealed.

Tease photo

Businesses ignore PR at their peril

The term ‘public relations’ is thrown around quite frequently but, many times, is misunderstood. There was a time when many companies did not see the value of public relations unless a crisis occurred. Nonetheless, it is important that companies have some kind of public relations capability, whether it lies in creating a brand identity, maintaining corporate relationships and relations with the media.

PM: Consumer Protection Bill will help ‘reimagine economy’

The Prime Minister yesterday said strengthened consumer protection laws are a key component in the Government’s plan to “reimagine the Bahamian economy”.

Stop ‘beating dead horse’ over BPL fuel hedge row

A Cabinet minister yesterday urged the Opposition to stop “beating a dead horse” over Bahamas Power & Light’s (BPL) fuel hedging strategy and summer’s sky-high light bills.

$600m Shipyard project set to boost GB investor confidence

The Grand Bahama Chamber of Commerce’s president yesterday said Grand Bahama Shipyard’s $600m dry dock ground-breaking should boost investor confidence in the island.

Pintard denies Shell sidelined over engines

FNM leader Michael Pintard yesterday denied that Shell North America was sidelined during the selection process for new engines at Bahamas Power and Light (BPL) under the last administration.

Tease photo

Minister ‘mischaracterised’ BPL’s $21m cost overrun

A Cabinet minister was yesterday accused of “mischaracterising” a review of Bahamas Power & Light’s (BPL) key generation investment by suggesting it had incurred a $21m cost “overrun”.

Tease photo

Bank denies ArawakX settlement negotiations

ArawakX’s belief that it stands to win “significant damages” from Bank of The Bahamas is being contested by the BISX-listed bank which says the two sides “have not engaged in any” settlement talks.

Arawak port beats profit target by 18%

Nassau’s main commercial shipping port yesterday revealed it beat its full-year profits target for 2023 by some 17.7 percent or more than $1.4m compared to original forecasts.

Tease photo

KFC industrial action halt with ‘historic’ deal

Industrial action by Kentucky Fried Chicken (KFC) staff has ceased, it was confirmed last night, after the franchise agreed to an “historic” deal that will more than double the lump sum payment initially offered.

Tease photo

PM denies FTX gave Heat ‘court side’ seats

The Prime Minister’s spokesman last night refuted claims he received free “court-side seat” tickets from FTX and other hospitality perks in attending a Miami Heat basketball game.

DPM urges UN to take international tax control

The deputy prime minister yesterday renewed calls for a body such as the United Nations (UN) to oversee global tax issues as The Bahamas has been “playing catch up” with the OECD and Europe for too long.

Gov’t ‘intentional’ over post-Dorian recovery

The deputy prime minister says Grand Bahama is now enjoying the highest percentage increase in airlift of any island as the Government has been “intentional” over the post-Dorian rebound.

Liveable wage is ‘ongoing process’

The Government’s labour director yesterday said the National Tripartite Council has been discussing the concept of a “livable wage” and described it as “an ongoing process”.