‘Endless battle with criminals’ of the sea
Bahamian fishermen are facing “an endless battle with criminals” poaching and stealing with impunity amid fears crawfish prices have plunged by up to 50 percent compared to 2021’s “amazing” highs.
Crowdfunded restaurant eyes $2m 2023 top-line
A Bahamian restaurant entrepreneur yesterday said he ultimately plans to return 50 percent of profits to shareholders after his successful crowdfund raise paved the way to secure a second location and production/distribution centre.
Extra 14,500 Bahamians to benefit in $31m clinic spend
An extra 14,500 Bahamians will benefit from the Government’s decision to expand its investment in Family Island public health clinics by more than 50 percent, it has been revealed.
A market turned upside down
ActivTrades
These are tough times for investors. Unwritten rules underpinning the financial markets’ behaviour do not seem to apply any more. In the old days, a hawkish Federal Reserve would be likely to trigger a sell-off of stocks. Especially when inflation remains close to four-decade highs and a recession is lurking on the horizon. In the past, such scenarios would have entailed a significant loss for indices such as the S&P 500 or the NASDAQ.
PM ‘not telling full story’ on BPL subsidy millions
The Opposition’s leader yesterday accused the Prime Minister of “not telling the full story” after the latter confirmed the Government is “spending millions each month” to minimise electricity costs for households and businesses.
DEREK SMITH: How to safeguard data from malicious criminals
To investigate computer-related issues and/ or audit incidents featuring cyber attacks, forensic analysts use scientific techniques to retrieve data from digital sources. In accordance with standard incident response steps, digital forensics procedures include preparation, identification, containment, eradication, recovery and lessons learned.
‘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”.
