Berry Islands hail new airport as ‘huge step up from shack’
BERRY Island businesses yesterday hailed their new airport as a “huge step up” that promises to revive the tourism economy.
DPM: GB airport ground breaking set for Q1 2023
THE Deputy Prime Minister yesterday voiced optimism that the ground- breaking for Grand Bahama International Airport’s (GBIA) redevelopment will take place in the 2023 rst quarter once the Government approves its new operator.
Sarkis loss ‘over $3bn’ if Baha Mar hit targets
Sarkis Izmirlian would so far have “lost more than $3bn” in potential profits alone if the Baha Mar resort from which he was ousted hit his financial projections, an analyst’s report has calculated.
CCA: Sarkis ‘inflaming anti-Chinese sentiment’
Baha Mar’s main contractor has accused Sarkis Izmirlian of “a nakedly xenophobic attempt to inflame anti-Chinese sentiment” while asserting there is “no evidence” it misused $54m to acquire the then-British Colonial Hilton.
Insurers: ‘Light at end of tunnel’ over taxation
Bahamian insurers yesterday voiced relief that there is “light at the end of the tunnel” after the Government said it would drop plans to move the industry to a Business Licence fee taxation regime.
FTX shows Bahamas can’t ‘live or die’ by one investor
Governance reformers are arguing that FTX’s implosion further reinforces that there is “no silver bullet to solve our economic growth issues coming out of Dorian and COVID-19”.
Skills transfer woe still a ‘sad reality’
The Bahamas must change “the sad reality” that key skills and knowledge are not being passed on to local workers by expatriate work permit holders, a prominent contractor argued yesterday.
Bran: ‘Don’t abandon’ digital assets on FTX
The Democratic National Alliance’s (DNA) former leader is urging The Bahamas not to “abandon” the digital assets industry in the wake of FTX’s implosion but instead promote the jurisdiction with “even more vigour”.
‘Permit restricted US dollar holdings without approval’
Bahamians should be permitted to hold a limited amount of US dollars in their account without needing Central Bank approval as part of wider reforms to the commercial banking industry, a report has recommended.
BPL fuel hike: Pintard asserts URCA ‘endorses’ law breach
The Opposition’s leader is challenging whether electricity regulators are “endorsing” Bahamas Power & Light (BPL) breaking the law by asserting it has made an “adequate case” to hike its fuel charge by up to 163 percent.
CCA: WE SHOULD TAKE ADVANTAGE OF BAHAMAS – Contractor reached out for help to son of top govt advisor
Baha Mar's main contractor asked the son of Perry Christie's top policy adviser to intervene when his father proposed changing The Pointe's Heads of Agreement over how many Bahamian construction workers would be employed.
DEREK SMITH: Don’t ignore risks with digital assets
According to the International Association of Compliance (ICA), “the global virtual assets regulatory landscape is a patchwork of differing approaches, reflecting, in turn, the cultural, political and social differences of many different jurisdictions”.
‘Real concern’ about $800m project’s environment impact
Abaco’s Chamber of Commerce president says there is a “real area of concern” about the potential environmental impact from an $800m mixed-use resort project targeted at South Abaco.
Rocky Road
ActivTrades
Several important interest rate decisions, and accompanying statements by the central banks, are depressing the stock market mood.
URCA ‘out of their minds’ for BPL 163% fuel hike backing
A former Democratic National Alliance (DNA) leader yesterday blasted that electricity regulators “have got to be out of their minds” to determine Bahamas Power & Light (BPL) has made the case for up to 163 percent fuel charge hikes.
