GB Power secures ‘best solar rate in Caribbean’
Grand Bahama Power Company believes it has obtained “the best rate in the Caribbean” with its first solar energy deal with an independent provider, its top executive has revealed.
Increasing $136m outbound transfers cause for ‘concern’
The Bahamas has “reason to be concerned” about the “growing trend” of outbound money transfers that hit $136m in 2022 as it represents incomes that are lost to this nation, it was argued yesterday.
$1BN PLAN ‘BIGGER THAN BAKER’S BAY’: Former NFL star part of ten-hotel, 10,000-acre San Salvador scheme
A developer yesterday disclosed it is seeking to develop a “bigger and more exclusive” version of Baker’s Bay on 10,000 acres of San Salvador land through a $1bn investment over the next five years.
IAN FERGUSON: How to engage millennial staff
Millennials make up a sizeable percentage of today’s workforce. They come with a plethora of skills, strengths and, yes, special needs. This week’s column focuses attention on ways to keep these valuable team members consistently engaged.
‘Point taken’ over Auditor General’s independence
A CABINET minister yesterday said “the point is taken” after Opposition senators yesterday questioned whether legal reforms interfere with the Auditor General’s constitutional independence to safeguard taxpayer monies.
Cat Island firms: Airport revival is ‘long overdue’
CAT Island business owners yesterday hailed the “long overdue” $17m upgrade of New Bight’s airport as a potential catalyst for increased tourism and economic activity.
Bahamian whistleblower accused of ‘fabrication’
A Bahamian whistleblower has this week been accused of “fabricating” evidence critical to a case brought by US federal regulators against a former Nassau-based broker/dealer.
Airlines dispute threatened ‘huge’ $43m consequences
The US airline industry’s challenge to The Bahamas’ air navigation services fee regime had potentially “huge consequences” by putting close to $43m in annual revenues at risk, it was revealed yesterday.
FTX chief’s $460m deal with Bahamas fund firm
FTX’s US chief yesterday unveiled a $460m settlement with a Bahamas-based fund manager that received hundreds of millions of dollars in the months leading up to the crypto currency exchange’s collapse.
GB to Abaco power cable ‘fraught with complications’
Grand Bahama Power Company’s top executive says running an electricity cable to Abaco is “fraught with complications” and remains a “longer-term opportunity” it plans to explore.
‘HUMBLE APOLOGY’ TO FURIOUS PM BY TOBY SMITH – “Deeply disturbed’ Davis: I’m the one left betrayed by developer’s comments
A Bahamian entrepreneur yesterday made a “humble apology” after the Prime Minister reacted furiously to assertions he had “betrayed” him by failing to honour earlier pledges to approve his $3m Paradise Island project.
Make Bahamians arbitration ‘masters’
THE OPPOSITION’S finance spokesman yesterday voiced concern that Bahamians may be left behind if this nation moves too swiftly to establish itself as an international arbitration hub.
‘Deck stacked in our favour’ on arbitration
THE PRIME Minister yesterday described The Bahamas’ efforts to establish itself as an international arbitration centre as “long overdue”, and added: “The deck is stacked in our favour.”
Oban revival dismissed despite $2.5bn plans
Talk of reviving the $5.5bn Oban Energies oil refinery deal has been dismissed as “foolishness” by the Prime Minister’s spokesperson although an “introductory call” was held with the project’s new owners soon after the 2021 election.
Gov’t challenged: Disclose Royal Caribbean’s PI deal
The Bahamian entrepreneur bidding to restore Paradise Island’s lighthouse yesterday challenged the Government to disclose full details of the revised Royal Caribbean deal that has “massive hurdles” to overcome.
