Senator’s financing ‘push’ over downtown authority
A government senator yesterday pledged he will “push” to ensure any authority created to manage downtown Nassau has access to the necessary funding.
Poultry farm targets next month for $45k hatchery
An Abaco poultry farm yesterday said its $45,000 hatchery will be completed by the end of September 2023.
‘Get fiscal house in order’ before $2.3bn debt repay
The Government has a narrow window to “get its fiscal house in order” and refinance $2.36bn in external bonds maturing over an eight-year period without challenges, a governance reformer warned yesterday.
Gov’t ‘doesn’t compare’ to GBPA upkeep record
The Government “cannot compare” to the Grand Bahama Port Authority’s (GBPA) record in maintaining Freeport because much of the infrastructure it is responsible for on the island is in “disrepair”, a licensee argued yesterday.
Fiscal Council limbo sparks ‘alarm’ over accountability
Governance reformers yesterday voiced “alarm” that the uncertainty surrounding the Fiscal Responsibility Council highlights a growing “trend” where public accountability and transparency “lack priority” within government.
‘Four hurricanes’ cost GB resort 20% of its revenues
A Grand Bahama resort generated “about 20 percent more revenue” prior to the “four hurricanes” that have struck the island since 2016, its senior executive has revealed.
Vendors exceed expectations at Royal Caribbean workshop
Royal Caribbean yesterday said the first Royal Beach Club workshop for potential Bahamian food and beverage, retail and artisan partners exceeded expectations by attracting around 70-80 attendees.
Regulator's warning on digital assets exchange
Bahamian regulators yesterday issued a warning about an unregistered digital assets exchange purported to be operating from this nation illegally.
Landscapers starting earlier to beat heat
Landscapers yesterday revealed they are starting work a full hour earlier to protect their workers from over-exposure to the summer heat and potential health complications.
Royal Caribbean 'went above and beyond' on PI questions
Royal Caribbean was yesterday said to be "comfortable" all environmental concerns surrounding its Paradise Island project have been addressed after activists pronounced themselves satisfied with its wastewater treatment solution.
‘Less dips’: Resort occupancy increases 10% for September
Resort occupancies for September are around 10 percent ahead of prior year comparatives, a senior hotelier revealed yesterday, adding that “we’re seeing less dips and valleys” in the tourism calendar.
Freeport hotelier backs Gov’ts push for change
A hotel operator has backed the Government’s Grand Bahama Port Authority (GBPA) stance as evidence of its “commitment to Freeport”, and asked: “When was the last time the Port Authority did a major investment?”
Ministry’s $400k purchase first acquisition in 20 years
The Ministry of Works yesterday said it has hired an extra 25 workers to man $400,000 worth of newly-acquired equipment that is “vital” to patching potholes and enhancing the road network.
FTX Bahamas liquidators told: It’s only ‘a wrist slap’
A Delaware judge has warned FTX’s Bahamian liquidators that he is unlikely to sanction their US adversary, or dismiss the legal action he has brought against them, on the basis that the two sides’ co-operation deal was violated.
Fiscal responsibility watchdog in limbo
The Bahamas’ main fiscal watchdog is in limbo until its members obtain “clarity” from the Prime Minister on whether their appointments remain valid and how they are to “function” under the new legislative regime.
