$111m ‘quantum leap’ for CLICO’s creditors
CLICO (Bahamas) liquidator has been given the authority to accept a $110.827m settlement that could fully repay all debts owed to policyholders, creditors and the Government.
North Andros hopeful on ‘greener’ BPL plant
Bahamas Power and Light’s (BPL) pledge to construct a hybrid or renewable power plant on North Andros could bring more investors to the island, its Chamber of Commerce president said yesterday.
Bahamian understudy was ‘always’ work permit policy
The head of the Government’s newly-appointed Immigration Commission yesterday said it has always been policy for employers to identify a Bahamian understudy when applying for work permits.
Abaco water supplier rebrands its identity
An Abaco-based atmospheric water provider has changed its name in a bid to better differentiate itself from rivals amid strong sales growth.
Entrepreneurship ‘not for the weak of heart’
A fashion house owner says “entrepreneurship is not for the weak at heart” but urged those in business to stay the course once they know they have a dream and purpose.
Crypto on the front foot
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The digital currency, Bitcoin, is making strong gains and traded temporarily above the $35,000 mark last week. One reason for the price surge is speculation about a first “direct” Bitcoin exchange-traded fund (ETF).
Bahamian developer in deal at Goodman’s Bay
A well-known Bahamian developer behind projects such as Balmoral, ONE Cable Beach and Aqualina is eyeing the imminent acquisition of a prominent Goodman’s Bay property.
Attorney loses appeal on ‘forged’ bank drafts
A Bahamian attorney yesterday failed to overturn the rejection of his “gross negligence” claim against Scotiabank (Bahamas) after two “fraudulent” bank drafts left his account overdrawn by $165,000.
Contracted home sales ‘biggest market change’
A Bahamian realtor says “one of the biggest and most consistent market changes” in the 2023 third quarter was an increase in contracted sales for both homes and land in the five major islands.
‘We’ll go to highest court’ to block Wendy’s from PI
Major developers and resorts last night told Tribune Business they are willing to take their campaign to block Wendy’s Paradise Island restaurant “to the highest level of the judicial system”.
Sam Bankman-Fried to testify Bahamas looked after FTX clients ‘best interests’
Sam Bankman-Fried is set to tell a New York judge that Bahamian regulators, and not US bankruptcy attorneys, “were acting in the best interests of customers” immediately after FTX imploded.
IAN FERGUSON: Large firms must join Gov't to back MSMEs
It is no secret that micro, small and medium-sized enterprises (MSMEs) play a major role in stimulating economic development in The Bahamas. Both governments and large private enterprises should begin to ask themselves what they can do to encourage the growth of MSMEs, thus enabling them to contribute more significantly to the national economy.
Investment Policy revamp planned
The Government is aiming to revamp the National Investment Policy (NIP) and is holding consultations with industry in a bid to eliminate approval process red-tape, a senior official said yesterday.
Realtors cite shortage but listings rise ‘up to 1,492%’
Major realtors yesterday contradicted data showing new home listings rose “up to 1,492 percent” in the 2023 third quarter by arguing that inventory shortages mean The Bahamas remains “a seller’s market”.
Objection to Bahamas KC testifying for Sam Bankman-Fried
US prosecutors yesterday raised objections to a Bahamian KC testifying in defence of embattled FTX founder, Sam Bankman-Fried, over his meetings with local regulators as the crypto exchange imploded.
