Fresh oil contamination ‘tragic’ for GB’s tourism
Fresh oil pollution was yesterday described as both “tragic” and “treacherous” for Grand Bahama’s tourism industry and wider economy with environmental activists estimating that up to 25 miles of beach could be contaminated.
North Andros demands ‘answers’ over BPL woe
North Andros residents and business owners yesterday protested over their energy woes and the frequent power outages suffered since a fire destroyed Bahamas Power and Light’s (BPL) power plant last month.
RODERICK A SIMMS: How our ‘leaky bucket’ threatens development
The ‘leaky bucket’ syndrome represents a major obstacle to The Bahamas’ economic growth and development. This metaphor symbolises the continuous loss of resources, opportunities and potential that impedes the country’s progress. At the heart of this syndrome is the pervasive issue of corruption. In this segment, we will explore how corruption perpetuates the ‘leaky bucket’ phenomenon in The Bahamas, worsening several inter-related challenges.
Restaurant chain eyeing 20% bond for expansion
A restaurant entrepreneur, who financed his expansion via crowdfunding, yesterday said he now plans to offer a short-term bond paying 20 percent interest to fund the $150,000 required for outfitting a third location.
Excursion provider says boating fee hikes ‘crazy’
A Bahamian excursion operator yesterday branded up to ten-fold increases in annual and first-time boat registration fees as “crazy” and warned it threatens to increase the number of unlicensed tour companies.
‘Smooth sailing’: Resort’s $30m annual GB boost
Fears that a major resort development may have stalled were eased yesterday after it was revealed the project will generate a $30m annual boost for Grand Bahama’s ailing economy once fully operational.
Flamboyant ‘philanthropist’ facing fraud charges retrial
A flamboyant Bahamian businessman and “philanthropist” faces a retrial on fraud and money laundering charges after the Court of Appeal found the rules governing his Post Office Savings Bank accounts were “ignored routinely”.
Union boss: BTC trying to make staff ‘look bad’
A union leader yesterday accused the Bahamas Telecommunications Company (BTC) of trying to make Bahamian staff “look bad to justify” outsourcing local jobs as the carrier’s 2023 first-half revenues fell by $1.4m.
‘We’ll show true story’ on title to $29m cays
A fresh bid to resolve the title to two Exuma cays, valued at a collective $29m, has been launched by some of the parties previously ensnared by the Chief Justice’s land fraud conspiracy ruling last year involving the same islands.
Fidelity mulls five for one stock split
Fidelity Bank (Bahamas) is mulling a five-for-one stock split due to its present share price, its chief executive has revealed, with the long-awaited move finally set to happen this quarter.
West Bay project is 'totally sold out'
A West Bay Street development is “sold out” and will totally finish construction by next year April, one of its principals disclosed yesterday.
Water Corp managers in $2.3m industrial deal
Middle managers at the Water & Sewerage Corporation yesterday signed a three-year, $2.3m industrial agreement with the state-owned utility that will last until mid-2025.
Staff and unions blast BTC during protests
Several dozen Bahamas Telecommunications Company (BTC) workers yesterday joined with executives from the company's two trade unions to demonstrate against feared job losses and other grievances with the carrier.
BCA trustee says lack of foundation causing Wartsila vibration problems
The Bahamas Power & Light chief executive officer was right on inadequate facilities for Wartsila generators at the Clifton Pier station, a Bahamian Contractors Association (BCA) trustee has said.
Marijuana legislation ‘is not all-inclusive’
The legalisation of marijuana is “just a game” for the politicians, a prominent cannabis proponent said as he raises concerns that the consultation process is not all-inclusive.
