Contractors warned on work permit violations
A Cabinet minister yesterday hinted the authorities will soon target Bahamian employers who employ illegal migrants as he urged contractors to ensure their work permit holders comply with the law.
Port Authority ‘game in town’ for Freeport
The Grand Bahama Port Authority (GBPA) remains “the game in town” for all investors seeking to do business in Freeport, the island’s Chamber of Commerce president said yesterday.
Water Corp agrees $3m industrial deal
The Government has signed a $3m industrial agreement with the trade union representing the Water & Sewerage Corporation’s line staff that includes four set salary increases over the next three years.
‘Difficult to compete with free’ on Customs software solution
A Bahamian software developer yesterday said it is “difficult to compete with free” after the Customs Department provided small brokers with a similar product that can integrate with its electronic goods clearance system at no cost.
Bahamas beats $18.7m Suriname CLICO claim
CLICO (Bahamas) has beaten back an $18.734m claim from its Suriname affiliate with the Chief Justice slamming transactions that disguised loans as insurance policies as “a farce”.
Royal Caribbean chief: ‘I wish we’d answered on environment sooner’
Royal Caribbean is aiming “in the next couple of weeks” to answer the 120 questions sparked by its Paradise Island project’s initial environmental consultation, with a senior executive yesterday saying: “I wish we’d replied sooner.”
BISX chief: What about Bahamas Food Services?
The Bahamas International Securities Exchange’s (BISX) chief executive is challenging why the decade-old pledge for an initial public offering (IPO) of the former Bahamas Food Services has yet to be fulfilled.
Commission unveils DARE overhaul - no FTX mention
The Securities Commission last night unveiled its long-awaited overhaul of The Bahamas’ digital assets regulatory regime although there was no mention of, or reference to, the recent FTX implosion.
‘No consistency’ over PI guest density fears
A senior Royal Caribbean executive yesterday argued that fears guest density at its $110m project will “decimate” western Paradise Island “are not necessarily rooted in consistency”.
Digital payments co-founder to join PM at UK receptions
A Bahamian-headquartered digital payments provider yesterday said its co-founder and chairman will speak alongside Prime Minister Philip Davis KC at several upcoming London events.
Poultry producer waits on $14k solar funds balance
A Bahamian poultry producer is awaiting receipt of the final $14,000 from the Small Business Development Centre’s (SBDC) $40,000 grant before it begins its solar energy transition.
Eleuthera is 'bursting at seams with possibilities'
The transformation of Eleuthera's three principal airports will provide the "gateways" to increase investment flows into Eleuthera, a Cabinet minister has asserted, describing the island as "bursting at the seams with opportunity".
Grants awarded to 51 creative entrepreneurs
Some 51 Bahamian entrepreneurs were yesterday awarded grants of up to $5,000 to help develop their creative ventures and expand the so-called 'orange' economy.
Love Beach is not feeling the Passion
Love Beach residents have united in opposition to a prominent Bahamian developer’s condominium project amid fears it will “bulldoze” the area’s property values and deter further investor interest.
Former minister: Give Toby ‘some preference’ over PI
A former Cabinet minister yesterday said the Bahamian entrepreneur battling to restore Paradise Island’s lighthouse should be given “some preference” now that his project can easily “co-exist” with Royal Caribbean’s.
