‘Bump in the road’: Nicole costs Nassau 27k visitors
Nassau Cruise Port’s top executive yesterday said Tropical Storm Nicole has likely cost the capital some 27,000 visitors this week after almost one-third of its vessel arrivals cancelled.
‘FTX forced sale will not undermine’ nation plans
The seemingly-forced sale of The Bahamas’ flagship digital assets investor will not undermine the country’s ambitions to become a major “hub” in this space, a prominent banker argued yesterday.
Baha Mar’s contractor: ‘Fake’ your work better
A senior executive with Baha Mar’s main contractor urged employees to better conceal “fake” construction work amid assertions that it failed to “properly perform” its duties to the project and its original developer.
DPM: We couldn’t let $100m Grand Lucayan buyer stall
THE deputy prime minister yesterday said the Government had grown tired of the prospective $100m Grand Lucayan buyer constantly stalling over the deal by repeatedly asking for due diligence extensions.
Commission eyes 20 DARE Act registrants
THE Securities Commission’s top executive yesterday said the regulator expects to have 20 entities registered under the Digital Assets and Registered Exchanges (DARE) Act by year-end 2022.
Ex-minister: ‘Very little we can do to combat inflation’
A FORMER Cabinet minister yesterday said “there is no benefit” from the Central Bank raising local interest rates to fight inflation because rising prices are largely “imported” by The Bahamas.
Citizens’ ‘basic needs’ the liveable wage guide
A FORMER Chamber of Commerce chief executive yesterday said the Government must look at meeting its citizens’ “basic needs” first to determine what is the proper liveable wage.
Nicole ‘unnecessary evil’ amid reinsurance fears
A Bahamian insurer yesterday branded sub-tropical Storm Nicole “an unnecessary evil we don’t need” as he voiced fears that claims payouts could be impacted by the country’s European Union (EU) blacklisting.
Chinese saw Baha Mar as ‘state-owned assets’
Baha Mar’s Beijing-owned contractor and major financier were already treating the mega resort project as “state-owned assets” prior to finally ousting Sarkis Izmirlian as the project’s developer.
Tourism: Concern Nicole will ‘dampen’ winter start
Abaco’s Chamber of Commerce president yesterday voiced fears that Nicole will “dampen” vital Thanksgiving tourism business while arguing that the storm’s emergence reinforces the need to renew the Dorian-related tax break as is.
CCA’s $2.4m to firm run by son of top PM adviser
China Construction America (CCA) paid $2.4m to a company run by the son of Sir Baltron Bethel, senior policy adviser and lead Baha Mar negotiator for Perry Christie, when the dispute over the mega resort was at its peak.
‘I told you so’: $100m Lucayan sale collapses
The Grand Lucayan’s former chairman last night said “I told you so” after the Government admitted the resort’s $100m sale has collapsed and it is now seeking an alternative purchaser.
DEREK SMITH: Don’t ignore risks posed by your human resources
The compliance landscape, and the needs of employees, are constantly evolving so it is no surprise that employers find cultivating an environment that meets the requirements of both extremely challenging. Though not exhaustive, the intersection of these factors equates to a human resources risk.
Town Planning provides Adelaide Pines approval
THE Town Planning Committee yesterday confirmed it has approved a $62.788m “mixed-use” residential and light industrial development in south-west New Providence that promises to create up to 300 full-time jobs.
GB business owners in Dorian flashbacks
GRAND Bahama business owners yesterday said sub-tropical Storm Nicole is giving them flashbacks to Hurricane Dorian’s devastating impact on the island just over three years ago.
