Food store employees shaken by armed theft
EMPLOYEES at the Buy 4 Less food store on Blue Hill Road South were left shaken after an armed robbery on Wednesday afternoon.
Manufacturing hubs key to drive self-sufficiency
As the dust settles after another general election, the national focus must now shift from politics to production. The Bahamas stands at a defining moment where the conversation must shift towards practical economic transformation.
Bahamian realtor details sector’s blockchain future
A Bahamian realtor has spoken at two international conferences on how blockchain and tokenisation are set to reshape the handling of land and property transactions.
Bahamas regains eligibility for US quality ship initiative
The Bahamas has regained eligibility for a US Coast Guard initiative that “recognises and rewards” flagged states and their vessels for “commitment to safety and quality”.
Chamber urges productivity, business ease Budget focus
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday urged the Government to use next week’s Budget to deliver reforms that strengthen productivity, improve transparency and create a more business-friendly economy.
Family Islands: Execution critical for Gov’t pledges
Family Island officials yesterday said the Davis administration’s new development agenda could bring much-needed infrastructure and economic opportunities but warned that implementation and local consultation will determine whether the promises produce real results.
Security executive not ‘big advocate’ for armed guards
BUSINESSES concerned about robberies and violent crime should prioritise stronger security procedures, surveillance and staff training instead of choosing to arm security guards, an industry executive argued yesterday.Gamal Newry, president of Preventative Measures, said businesses often overlook fundamental security practices that can reduce crime risks before incidents escalate.
Rum Cay feud reignites
A long-running Rum Cay feud has suddenly reignited to endanger the multi-million dollar sale of one of the island’s most valuable and important economic assets.
FOCOL chairman: BISX ‘deficient’ and needs change
FOCOL Holdings chairman yesterday asserted that the Bahamas International Securities Exchange (BISX) is “very deficient” and “needs change” if it is to attract more major initial public offerings (IPOs) and fulfill the original vision for the country’s first-ever stock market.
Super Value chief warns of food price increases
Super Value’s president is warning of potential food price increases, and a barrier to pay rises for hundreds of staff, due to the supermarket chain having to absorb “over $1m” in extra annual costs from the Government’s VAT exempt treatment of uncooked foods.
Sands calls for probe into $34m PPP deal’s ‘drug suspect’ link
The Opposition’s chairman yesterday called for an “immediate” probe into the $34m Eight Mile Rock administration complex deal after it was revealed the contractor appeared to have ties to a drug-accused air crash victim when the contract was signed in 2017.
Legal challenge stalls Marsh Harbour land ownership resolution
The Government’s plans to regularise land ownership for scores of downtown Marsh Harbour residents and businesses have stalled after descendants of the original Crown Land grantee to the 242-acre ‘Key tract’ launched a legal challenge to the property’s compulsory acquisition.
Turtlegrass resort forced to terminate over 50 staff
A key opponent of the $200m Rosewood Exuma project yesterday revealed it has been forced to terminate 53 staff amid its own planning approvals dispute with the Government as impacted workers pledged to “go to Rawson Square and fight for our jobs”.
$700m Freeport project promises 550-room Hilton
A 550-room Hilton branded resort will form the core of the Grand Lucayan resort’s $700m redevelopment, it was revealed yesterday, amid assertions the project will transform Freeport into a “tourist mecca” to complement “the mega cruise port of the Caribbean”.
Govt fails to escape $25m bond default suit
The Government has failed to extract itself from a furious legal battle sparked by accusations that its failure to make due rental payments on the Eight Mile Rock administrative complex has caused one of its first-ever public-private partnership (PPP) deals to default on a $25m bond.
