Bahamian distillery eyes ‘robust’ 2023
A BAHAMIAN rum producer yesterday said business is “definitely up” compared to pre-COVID levels and is predicting a “robust” 2023 performance.
Pharmacies waiting on price control impact
BAHAMIAN pharmacies yesterday said it was too early to determine the financial impact after three-month, lower-margin price control regime came to an end.
$170m project must stop Exuma’s south ‘dying out’
EXUMA’S private sector says the $175m Torch Cay project is urgently needed to prevent the island’s southern end from “dying out”.
BAIC deal’s pay terms will not be retroactive
THE Bahamas Agricultural and Industrial Corporation’s (BAIC) newly-signed industrial agreement with the union representing its line staff will not be made retroactive to cover the five-year negotiating period, officials said yesterday.
Hot Mix and CFAL’s chief in GB airport bid
A well-known Bahamian contractor and local financial analyst were yesterday said to have partnered on a bid to transform Dorian-ravaged Grand Bahama International Airport.
FTX’s Bahamas liquidators beaten to $143m by DOJ
The bid by FTX’s Bahamian liquidators to take control of $143m held in US bank accounts was rendered “moot” - at least temporarily - after the assets were seized by the US federal authorities.
GB airport not enough for ‘diamond in rough’
A hotelier yesterday said “it’s about time” that the “diamond in the rough” which is Grand Bahama gets polished as he warned that fixing the island’s airport will not be a cure-all for its multiple challenges.
Developer: ‘All this waiting is Bahamians not working’
A Bahamian businessman is hoping work on a $63m New Providence real estate development can start this month, adding: “All this waiting is persons not working who could have jobs.”
Finlaysons fail to escape $2.8m loan default liability
A prominent Bahamian businessman and his son yesterday failed to escape paying the outstanding $2.763m balance on a defaulted loan that was secured on their high-end yacht.
Stop ‘abandoning’ Budget projections
The Government must “stick to” its fiscal forecasts and stop treating the Budget “as an annual exercise” if it is to build much-needed investor confidence, a Bahamian banker is warning.
Western Air ‘implores’ overflight fee peace
A Bahamian airline is “imploring” the Government and its US counterparts to resolve their overflight fee dispute without impacting its ability to fly to America and “unreasonably disadvantage” its business model.
Developer takes ‘Passion’ to his Love Beach project
A prominent Bahamian developer is taking his “Passion” to Love Beach with plans to construct two seven-storey condo buildings that will in total feature 61 three-bedroom units.
Mixed emotions
ActivTrades
The upward trend in the stock market continued into 2023 for a second week. The reporting season in the US traditionally starts with the balance sheets of the large financial institutions. However, their quarterly figures were mostly worse than expected.
Gov’t urged: ‘Drill down further’ on Business Licence suspicion
The Government must “drill down further” and obtain greater evidence to confirm its suspicions that many companies are under-reporting annual turnover to evade full payment of Business Licence fees.
Brokers sceptical on Customs chief’s ‘better than sliced bread’
Customs brokers remain sceptical that requiring them to fully integrate with the electronic import clearance system will be “the best thing since sliced bread” with many still viewing the move as “totally unnecessary”.
