40-job Junkanoo Museum at 'root' of Wendy's protest
The Roots Junkanoo group has joined those opposing the Wendy's/Marco's Pizza restaurants proposed for Paradise Island because of the competition it presents to an investment billed as creating 40 jobs.
Balmoral residents threaten exit if $25m hotel go-ahead
Several residents are threatening to sell their properties if the Balmoral Club’s proposed $25m condo hotel expansion receives the go-ahead from the planning authorities.
No easy task to reform pensions, warns expert
THE scale of pension reform has been described as “no small feat” by Dr Stephen Brien, chairman of the UK Social Security Advisory Committee, who said policy decisions will affect current and future pensioners.
Graycliff expanding private dining options
A prominent Nassau resort is expanding its wine cellar to add more private dining options.
Water Corp chief clarifies billings for Treasure Cay
THE Water and Sewerage’s (WSC) general manager says Treasure Cay customers are only being billed for the period after Dorian reconstruction began as he acknowledged their "frustration".
Snob effect
ActivTrades
Whether it is fine whisky or trendy Warhol painting, many things are becoming more expensive, even for the ultra-wealthy. This leads to a bull market in luxury properties because many rich people are eager to demonstrate to their community how bulging their wallets are.
Bahamas kickstarts FTX assets sell-off
An auto dealer yesterday disclosed he expects to sell 60 percent of the former FTX vehicle fleet assigned to him within 30 days, but warned: “This is not a fire sale.”
Exuma’s tourism up 21% as utilities ‘behind 8-ball’
The Deputy Prime Minister yesterday asserted that Exuma is “going places” with tourism 21 percent ahead of pre-COVID levels, but admitted this growth caught the public utilities “behind the 8-ball”.
Bahamasair targets 20% capacity growth
Bahamasair is aiming to increase its fleet’s seat capacity by 20 percent come summer 2024 through adding two new jets, with its top executive describing the carrier as a “safeguard” for airlift and tourism.
Doctors to slash nation’s 213-bed shortage by 32%
Doctors Hospital yesterday pledged it will slash The Bahamas’ 213-strong hospital bed shortage by almost one-third come 2025 through the opening of two new facilities.
Developer: ‘Rumours of my death greatly exaggerated’
An Exuma developer yesterday said “rumours of my death have been greatly exaggerated” as he outlined progress with his “semi-private club and marina” project.
Minister hopeful UN takes control of global tax policy
A Cabinet minister yesterday voiced optimism there is “momentum building” for a push to snatch control of international tax policy away from the European Union (EU) and OECD.
Halkitis: We’re following law on publishing of contracts
Michael Halkitis, Minister of Economic Affairs, said yesterday the government is still complying with the Public Procurement Act and information is still being updated on the system.
Bahamas ‘prioritises’ debt servicing over its people
The Bahamas has reached a point where the Government is prioritising interest payments on its $11.645bn national over services to its people, an investment analyst argued yesterday.
BPL base tariff review moves forward to bid
Consultants are being sought to conduct an “independent” study on whether Bahamas Power & Light’s (BPL) base tariff should be increased, it was revealed yesterday.
