Opposition chief calls for renewed living cost focus
The Opposition’s leader yesterday urged the Government to provide additional relief to Bahamians suffering from the post-COVID cost of living crisis.
Gov’t awaits revenue ‘uptick’ on cruise tax
The Ministry of Finance’s top official says the Government’s revenues are on target with an “uptick” anticipated in the 2023-2024 fiscal year’s second half due to the hike in cruise visitor departure taxes.
Balmoral Club’s hotel given history preserver’s go-ahead
Regulators responsible for preserving The Bahamas’ historic buildings have given the go-ahead for the Balmoral Club’s 50-unit condo hotel expansion at the site of the existing clubhouse.
Atlantis unveils petition opposing Wendy’s plan
Atlantis yesterday urged planning authorities to “not subject Paradise Island to indiscriminate development” as it unveiled a 100-strong petition opposing the Wendy’s and Marco’s Pizza restaurant project.
Procurement chief pledges greater reporting frequency
The Government’s chief procurement official yesterday disclosed that the frequency of contract award reporting will ultimately increase to every 60 days, adding that full compliance is “going to take some time”.
Opposition leader slams ‘half-baked’ contract award report
The Opposition’s leader yesterday described the Government’s long-promised release of details on $140m worth of contract awards as “half-baked and incomplete” plus non-compliant with the law.
Terminal’s $71.3m deal ‘heralds new day’ in GB
Investment project announcements are “certainly heralding a new day” for Grand Bahama after the South Riding Point terminal’s new owner yesterday unveiled a $71.3m financing deal to restart operations.
Bahamas crypto exchange set to ‘add another chapter’
A crypto currency exchange Bahamian subsidiary says it will unveil a new feature for its platform next month to further cement its “significant” contribution to the parent's global brand.
‘Cheap menu offerings’: PI residents join Wendy’s fight
Paradise Island resorts and residents are arguing that “cheap menu offerings do not convey” the correct brand image as they unite to oppose Wendy’s bid to obtain planning approvals for its new restaurant.
Top ArawakX investor ‘seriously prejudiced’ over BOB unfreezing
ArawakX’s largest investor has moved to intervene in its dispute with Bank of The Bahamas by alleging that the two sides’ agreement to unfreeze the crowd-funding platform’s accounts “seriously prejudices” his interests.
ArawakX: Wind-up to cause ‘serious harm’ on BOB battle
The Bahamas’ first-ever crowd-funding platform will suffer “serious harm” if it is placed into provisional liquidation before it can pursue or settle its legal battle with Bank of The Bahamas over the freezing of its accounts.
GB airport operator ‘well ready to move’
Grand Bahama International Airport’s prospective operator has indicated it is “well ready to proceed once given the green light by government”, the island’s Chamber of Commerce chief has revealed.
No love for sandals
ActivTrades
The day after the IPO (initial public offering), Birkenstock investors are still not happy. The traditional sandal manufacturer experienced a debacle in its eagerly-awaited share offering in New York.
DEREK SMITH: Develop cyber security plan to meet your need
As technology becomes an essential feature in every business, there is a growing need to ensure its safe use. Companies store crucial data and depend on technology for their day-to-day operations. With the continuous evolution of cyber threats and stringent regulations, companies need a firm security plan. However, every firm has unique needs, so more than just a generic solution might be required.
Chamber hails success from two trade missions
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman has hailed its hosting of two recent trade missions as a success.
