FTX Bahamas $9bn claim is ‘redundant’
FTX’s US chief yesterday dismissed the $9.15bn claim submitted by his Bahamian counterparts as “invalid” and “redundant” while revealing that the crypto exchange’s local real estate holdings have been valued at up to $214m.
Cable targeting ‘monumental improvement’ via Aliv refinance
Cable Bahamas’ top executive yesterday asserted the group is poised for “monumental improvement” in profits if it can reach agreement with the Government on refinancing Aliv’s debt at lower interest costs.
Sandals expansion awaits ‘overwater’ policy reforms
Sandals is proposing to expand its Fowl Cay property through the development of ten “overwater” bungalows in “anticipation” that the Government will finally end the two decade-plus wait for a policy governing such structures.
Atlantis veteran wins over ‘unfair’ dismissal
A 32-year Atlantis veteran’s summary dismissal due to a misunderstanding over a drink-related tip was affirmed as “unfair” yesterday by the Court of Appeal, which rejected the mega resort’s challenge to her initial $15,480 damages award.
Gov’t like ‘the vandal now trying to buy GBPA house’
The Government’s bid to drive change at the Grand Bahama Port Authority (GBPA) was yesterday likened to “the person who did the vandalising now trying to buy the house from its owners for little money”.
New taxi plates placed ‘on hold’
The Government’s decision to place new applications for taxi, livery and self-drive plates “on hold” was yesterday hailed by a union president for bringing order to a situation that was “never going to end”.
Bahamas to exploit 34% growth in Georgia tourists
The deputy prime minister is aiming to exploit the 34 percent year-over-year growth in visitors from Georgia to promote The Bahamas as a tourism and film destination during his ministry’s upcoming Atlanta promotional mission.
Bahamas joins tribunal case over climate change
The Bahamas has joined with other small island states from the Caribbean and the Pacific to launch a landmark case before the International Tribunal of the Law of the Sea (ITLOS) to seek protection of the world’s oceans against climate change and rising temperatures.
Atlantis sale to ‘bring stability’
Hotel union president Darrin Woods said Brookfield Asset Management selling the Atlantis Paradise Island resort to a reputable hotel chain would “bring stability,” to the property.
Renewables may be way forward for Andros
North Andros business owners are considering a $2.5m renewable energy plant to alleviate their electricity woes. This comes as URCA has announced an investigation of electronic communications outages in a number of islands.
‘Amazon’ for Bahamians - in time for Christmas
An online delivery provider is set to launch an e-commerce platform just in time for the upcoming Christmas season.
Growth matters: Growing our local economy part 2
In the previous segment, we explored the challenges posed by market saturation and its potential hindrance to local economic growth. Now, let’s delve into actionable strategies to empower local businesses and fuel demand, both for existing companies seeking expansion and new entrants aiming to establish their presence.
A new era of big government spending
ActivTrades
Over the last two years, the United States has witnessed a profound shift in economic policy, marking the dawn of a new era of big government spending.
‘We’ll bring back charm of Downtown Nassau’
The Downtown Management Authority (DMA) will bring back the charm of Downtown Nassau as the current Revitalisation Unit in the Ministry of Tourism, Investment and Aviation (MOTIA) will “morph” into this new authority, Deputy Prime Minister Chester Cooper said yesterday.
Slow tourism season ‘a thing of the past’
Deputy Prime Minister Chester Cooper yesterday said the slow period for tourism is a thing of the past as the country can now look forward to year-round tourism and hotel occupancy.
