‘We need to know’ of GB’s revival progress
THE Grand Bahama Chamber of Commerce president says “we need to know something” as he questioned whether Grand Bahama International Airport’s newly-appointed Board has the necessary expertise to select a winning developer.
Four-lane glass window replacement is ruled out
THE GOVERNMENT’S advisers have ruled out replacing Eleuthera’s Glass Window Bridge with a four-lane highway because the island’s projected growth will not generate sufficient traffic volumes to warrant such expansion.
Homeowners association barred from fee collection
A Lake Cunningham homeowners association was yesterday barred from demanding maintenance fees from a subdivision’s residents after the Supreme Court ruled it has no standing to levy the charges.
$7.5m PI food store to create 75 posts
A Freeport-headquartered supermarket will break into the New Providence market in 2023 via a $7.5m investment at Paradise Island’s Hurricane Hole redevelopment that will create 75 permanent jobs.
BPL’s power plant deal, $535m funding ‘on hold’
Bahamas Power & Light’s (BPL) top executive last night revealed the troubled utility’s mammoth $535m refinancing and New Providence power plant deal with Shell are both “in abeyance”.
IT’S NOT OUR FAULT, MR WATSON: Food retailers hit back after press secretary blames them for prices
Food retailers yesterday hit back over assertions that some merchants have not passed the Budget’s tariff cuts on to consumers via reduced prices, adding: “You can’t point the finger of blame at us.”
IAN FERGUSON: Forgoing growth can be major profit boost
Growth is a long-term objective for most businesses. However, some firms never grow and remain as small businesses forever. Here are a few factors that explain why some businesses do not have growth as the main objective.
Lyford Cay condo developer to move on ‘final approval’
The developer behind a controversial Lyford Cay condominium project yesterday said it will move forward to obtain “final approval” despite planning authorities requiring that the number of units be slashed by 30 percent.
Developer’s Abaco project in ‘high eight-figure’ sales
A Nassau-headquartered developer yesterday confirmed it is investing hundreds of millions in Abaco and the surrounding cays via two projects that are progressing “quite well”.
DPM hails Hurricane Hole developer for ‘uplifting’ PI
The deputy prime minister yesterday hailed Sterling Global’s multi-million dollar Hurricane Hole redevelopment for “uplifting Paradise Island” and the wider Bahamian tourism product.
Port row owners in residency woe
The US family battling the Grand Bahama Port Authority (GBPA) has cause for further Bahamian frustration - the Government’s failure to process three separate permanent residency applications despite their $41m investment in this nation.
Lyford Cay condo has to slash units by 30%
Planning authorities have given the go-ahead for a controversial Lyford Cay condo project provided its height is reduced by one-third - and the number of units slashed by 30 percent - to address “overdevelopment” concerns.
Cigarette supplier loses multi-million tax battle
A Freeport-based cigarette manufacturer’s claim that it was “unlawfully compelled” to pay millions of dollars in Excise Tax to Bahamas Customs was yesterday dismissed in its entirety by a Supreme Court judge.
‘Misguided’ focus over corporate income tax
The Government’s approach to corporate income tax has been branded “misguided” by a prominent banker because the focus is largely on ensuring compliance with international demands.
‘Shoulder’ hotel occupancies 5-10% pts higher than norm
Bahamian hotels are eyeing occupancies between five to ten percentage points higher than the norm for the industry’s slowest months, it was revealed yesterday, as it “nudges closer every day” to pre-COVID levels.
