BTC suffers modest Q1 revenue, subscriber fall
The Bahamas Telecommunications Company (BTC) was yesterday revealed to have suffered modest year-over-year declines in both revenues and subscribers, with both largely flat for the 2023 first quarter.
Restaurant crowdfunder targeting $2.4m in sales
A restaurant entrepreneur yesterday said he is targeting $2.4m in total sales for 2023 as he mulls opening a third location on Carmichael Road.
'Protect the asset' focus in $400m UK financing talks
Climate resilient projects to protect critical assets such as the redeveloped Grand Bahama International Airport could be included in the up to $400m financing that The Bahamas is negotiating with a UK government agency.
North Abaco port's $60m need as RFP is readied
A Cabinet minister yesterday said the Government is "moving quickly" to put both Abaco's commercial ports out to bid amid assertions that the northern location needs a $60m upgrade to make it commercially viable.
Six design options for GB's $200m airport
Grand Bahama will be presented with six different design options for its new $200m airport, the winning bidder has revealed, with an announcement on the expected construction start expected "very shortly".
Taxi Cab Union optimistic over ten percent increase in fare
The Bahamas Taxi Cab Union’s president yesterday voiced optimism that the imminent 10 percent fare increase will offset the industry’s “over saturation” after it was revealed that new vehicle loan requests jumped six-fold in late 2022.
'Improve service quality before rolling out 5G'
Bahamian businesses and consumers want their communications providers to first focus on improving the quality and reliability of existing services before exploring the introduction of 5G (fifth generation) technology.
Bahamas in new Caribbean renewable energy honour
The Bahamas has won the Caribbean Renewable Energy Forum (CREF) Industry Award for the third time, with the latest honour for climate resilience in the energy sector due to the the Abaco schools’ solar installation project.
Debt for nature
Prime Minister Philip Davis KC was in the UK last week and spoke at the Caribbean Council reception in London, where he said once more that about 40 percent of the county’s $11bn-plus national debt was the result of post-hurricane repairs and restoration efforts. He stated further that climate change is the greatest threat that The Bahamas is facing. But this battle against climate change is a costly endeavour, and the country must be innovative in creating new sources of income and reducing the crippling debt it is faced with.
Taxi reforms to force 'boot straps pull up'
A senior hotelier yesterday voiced optimism that taxi industry reform will cure "the elevated level of complaints" from tourists by forcing a minority of offending drivers to "pull their boot straps up".
FTX's US chief tells Bahamian liquidators: The $143m is mine
FTX's Bahamas liquidators face a three-way battle to regain control of some $143m seized by the US Justice Department after their US counterpart asserted he "stands first in line" to recover this asset from the federal authorities.
Separate GBPA's assets from regulatory functions
The Grand Bahama Port Authority's (GBPA) regulatory functions must be "separated" from its assets to prevent it self-regulating businesses owned by its shareholders, a Freeport hotelier urged yesterday.
Bahamian digital payment firm to open London office
A Bahamian digital payments provider has unveiled plans to open a UK office in an announcement that coincided with the Prime Minister's visit to London for King Charles III's coronation.
'Real life consequences': Fidelity's $560k Moody's hit
The Government's declining creditworthiness has sparked "real life consequences" for a BISX-listed bank by forcing it to take a "much bigger than expected" $560,000 hit in its 2022 full-year results.
Approval sought for $65m Rose Island hotel project
The Government's investments chief yesterday disclosed that approval is being sought for a $65m resort Rose Island resort project to join $1.3bn worth of New Providence developments that have already received the go-ahead.
