New hospital costs 27% more than PMH’s due to equipment
Construction costs for the second New Providence hospital are 27.5 percent higher than those for the Minnis administration’s aborted PMH expansion because the latter did not include medical equipment.
Owner calls Bimini resort a ‘financial failure’
Resorts World Bimini’s majority owner has slammed the property as a “financial failure” and labelled it as the “poorest performing resort investment” in its worldwide hospitality empire.
Minister: Caribbean must ‘lean’ more on each other
A Cabinet minister yesterday called for greater regional unity, and for Caribbean states to “lean” more on each other rather than relying solely on the US all the time.
Exuma operators voice hope over Sandals’ Beaches move
Exuma taxi and water sports operators yesterday said they are hoping for increased business after it was revealed that the rebrand of Sandals Emerald Bay into a Beaches resort will begin shortly.
Minister awaits meeting to resolve union’s angst
The Labour minister yesterday said she is awaiting a response from the Bahamas Customs, Immigration and Allied Workers Union (BCIAWU) for a meeting to address its concerns.
Doctor hails VAT slash on medicines, supplies
A well-known doctor has hailed the Government’s decision to slash the VAT rate by 50 percent for medicines and medical supplies as “a step in the right direction” to making healthcare more affordable.
CIBC touts $1.5bn in infrastructure funding
CIBC Caribbean executives said the bank has arranged more than $1.5bn in transactions to aid infrastructure and private sector projects throughout the Caribbean in the past year.
Gov't seeking new GB airport funding sources
The deputy prime minister yesterday asserted it is "regrettable" that funding for Grand Bahama International Airport's redevelopment has yet to be secured as the Government seeks new financing sources.
DPM eyes Sandals' Exuma progress as tax row eases
The deputy prime minister yesterday said the "substantial" resolution of Sandals' tax dispute with the Government will pave the way for the $100m transformation of its Exuma property into a Beaches resort.
Berry Islands on brink of 'awesome' revival
Optimism is rising that Great Harbour Cay's 50-year economic stagnation is on the brink of an "awesome" reversal with the Fender family agreeing to sell all their land and other assets to a new developer.
Briland tourism partner slams 'baseless' claim
The US partner in a Briland tourism business yesterday slammed allegations that he "preyed" on young Bahamians to 'front' for him as "baseless".
Taxpayers to foot 96% of new hospital’s $2.2bn needs
Bahamian taxpayers will seemingly have to shoulder 96 percent of the second New Providence hospital's $2.2bn-plus revenue needs via Public Hospitals Authority (PHA) subsidies over a 30-year period.
Royal Caribbean hires four Bahamian managers for PI
Royal Caribbean has appointed four Bahamian managers to the leadership team for its $165m Royal Beach Club development on Paradise Island ahead of its December 2025 opening.
Bahamian non-profit to fill ocean’s ‘data gaps’
A Bahamian ocean scientist says she has launched a locally-domiciled non-profit dedicated to uncovering, documenting and conserving the waters of the Caribbean region.
Coconut-branding franchise unveils its Bahamas launch
A coconut-branding franchise has teamed with a Bahamian non-profit to announce its launch in this nation.
