Local Business

Contractor: I’m not to blame over Treasure Cay sewerage

A CONTRACTOR for the Water and Sewerage Corporation (WSC) has said he is not the one to blame for problems residents of Treasure Cay are experiencing with their sewerage system.

Tapping into loan ‘like printing money’

OPPOSITION leader Michael Pintard has warned of “grave concern” over the government tapping into $232m International Monetary Fund (IMF) special drawing rights (SDR), warning of the “equivalent of printing money”.

FTX liquidators: Don’t sell off assets - wait for restructuring

THE Joint Provisional Liquidators (JPL) appointed after the collapse of the FTX crypto-exchange are arguing in court in the US that any sale or auction of assets should be reserved for any of the Bahamian company’s rights.

Treasure Cay sewerage problem ‘not abandoned’ - but contractor gone on holiday for Christmas

SEWERAGE is again backing up again at Treasure Cay, leaving residents exasperated – but the Water and Sewerage Corporation (WSC) says it has not abandoned them. However, WSC says the contractor may be on his Christmas holiday.

Ten percent cost cut for digital payments planned

A digital payments provider is targeting 10 percent reduction in merchant service cost for the 1,5000 merchants signed up with the Lotus Rewards programme within the first year.

Christmas business is a cut above for hairdressers

Hair salons and beauticians saw a “serious upsurge” in business this Christmas season, forcing people to make deposits up to a month in advance to have appointment space during Christmas week.

Call to digitise NIB and raise age of retirement

THE National Insurance Board (NIB) must be digitised and the age of retirement raised to save the fund from collapse, a top insurance executive has warned.

More than 300 percent rise in tourism in November over previous year

THE tourism sector continued its “robust” growth in November, according to the Central Bank of The Bahamas’ monthly economic and financial developments report - with arrivals up by an astonishing 341.5 percent from 2021.

Christmas sales back to 2019 levels, say retailers

Retailers are back on par for 2019 with Christmas sales as they look forward to a robust 2023.

Downtown demolition of buildings ‘a fair process’

The demolition of dilapidated downtown buildings is done through a “fair process”, says the Downtown Nassau Partnership (DNP).

Govt ‘will defend right to collect overflight fees’

Deputy Prime Minister Chester Cooper last night said the government will defend the country’s right to collect overflight fees in the face of threats by US airlines to stop flights.

Central Bank wants stricter due diligence to stop another FTX

The Central Bank of The Bahamas has called for stricter due diligence on the transfer of funds in the wake of the FTX collapse.

'Heard it before' on GB airport

The Grand Bahama Chamber of Commerce (GBCC) president has “heard it all before” on the Grand Bahama International Airport (GBIA) partner being secured and sees the new target date as an extension of the previous date for the end of December, 2022.