AML targets further $2m store upgrades
AML Foods plans to invest $2m in 2023 upgrades to its existing Solomon's Fresh Market stores and Cost Right Freeport as it strives to be a "catalyst" for the revival of that city's downtown area.
Abaco partners offer $4m Dorian memorial
Abaco’s local government and non-profit groups are offering to partner in creating a near-$4m memorial to Hurricane Dorian victims that will also give Marsh Harbour’s shipping port room for much-needed expansion.
Law firm-bashing investors win Cay
Foreign investors, who launched a full-blooded online assault against a top Bahamian commercial law firm after their ownership of an Exuma cay was challenged, have triumphed in their dispute before the Supreme Court.
Doctors is ‘coming in hot’ on bed shortage
Doctors Hospital is “coming in hot” with a multi-million dollar investment in upgrading its healthcare infrastructure that aims to narrow The Bahamas’ bed shortage compared to global benchmarks.
Family Island hotels targeting 90% pre-COVID room nights
Family Island hotels can hit 90 percent of pre-COVID room nights sold with a strong over 2022’s final quarter, a senior tourism is predicting, voicing optimism the sector will “get closer” to its targets.
New Tunes
ActivTrades
THE Music industry has been in a state of transformation since the Internet’s launch in 1999.
Gov’t told: ‘Come clean’ on Grand Lucayan sale
A former Grand Lucayan chairman has urged the Davis administration to “come clean” with the Bahamian people over its efforts to sell the resort after it last week granted a third extension to the buyer’s due diligence time.
Club Med reopening gives 250 jobs boost
SAN Salvador’s Club Med resort will generate 250 jobs when it reopens on October 22, with the Prime Minister yesterday disclosing that the resort chain has invested “north of $5m” in renovating the property.
PM urged: ‘Put money where mouth is’ over Abaco rebuild
Abaco’s Chamber of Commerce president yesterday urged the Prime Minister to “put his money where his mouth is” following strong indications the Government is leaning away from a “blanket” renewal of Dorian-related tax breaks.
Bahamasair targets four aircraft addition
Bahamasair plans to expand its fleet by four aircraft come summer 2023, it was revealed yesterday, as a senior executive voiced concern about “inconsistent” runway approach lighting at Abaco’s main airport.
$185m carbon credit boost for post-Dorian restoration
The Bahamas could generate up to $185m in revenues from the sale of carbon credits to finance the restoration of 11,000 hectares of mangroves destroyed by Hurricane Dorian, a marine scientist said yesterday.
‘Break free’ from $500m deficits, 1% GDP growth
A Cabinet minister yesterday warned The Bahamas “has to break free from this cycle” of $500m-plus fiscal deficits and economic growth that has barely averaged 1 percent for the past 30 years.
Grand Lucayan buyer in new seven-day extension
The Grand Lucayan’s Board was last night said to have granted the resort’s prospective purchaser a further seven-day extension so that it could assess “outstanding matters” relating to the $100m deal.
IAN FERGUSON: How businesses can survive frugality calls
Business frugality is essential for survival. With supply chain issues continuing to plague many industries, and inflation still surging, business owners (especially the most vulnerable among us) must find ways to save. This week’s column focuses on ten ways a business can go the extra mile to save a dollar.
Bank client switch raises questions
A Central Bank-appointed administrator has transferred former Lucayas Bank (PIB) clients, and their assets, to another Bahamas-based institution whose ultimate principal has since been charged with bribery in the US.
