FOCOL targets ‘largest ever B$ financing deal’
FOCOL Holdings is in “advanced talks” to raise $300m-$500m for overhauling New Providence’s energy generation via “the largest private sector financing deal to ever take place in Bahamian dollars”.
Taxi chief: Straw market not ‘unique’ enough for our tours
Straw Market vendors at Baha Mar must find new ways to advertise their products and drive sales instead of depending on taxi drivers to bring tourists, the Bahamas Taxicab Union president (BTCU) said.
GB arbitration talks to begin
Freeport’s fate is set to be determined by two weeks of arbitration hearings that will launch on Monday to determine the Government’s $357m dispute with the Grand Bahama Port Authority (GBPA).
'Enforcing maritime pilot rules will bring more employment'
Captain Yuri Butler, vice president of Bahamas Elite Maritime Company (BEMCO), says the government’s enforcement of a compulsory requirement for all vessels calling at Bahamian ports — including private cruise islands — to use maritime pilot services will generate new employment opportunities within the industry.
Business ‘better than pre-Dorian’ says Abaco Beach Resort owner
Abaco’s reliance on seasonal boaters continues to shape its economy, but with tourism numbers exceeding pre-Dorian levels, a local businessman says the island is poised for further growth — if key challenges can be addressed.
BISX adds new fund listing
The Bahamas International Securities Exchange (BISX) yesterday announced it has added another investment fund to its listings roster.
‘Transparency breach’ claim on approval for $200m Exuma resort
Planning approvals for the controversial $200m Rosewood Exuma resort are being challenged over “a breach of transparency” and for being “procedurally defective and substantively flawed”.
KEITH ROYE II: Is The Bahamas ready to embrace digital banking?
In today’s fast-paced world, more people are reaching for their smart phones than their wallets when it comes to banking.
Anger over Exuma seawall plan but developer denies secrecy
Plans for a seawall as part of a luxury resort development on Sampson Cay have ignited a clash between developers and community advocates in Exuma, with critics citing environmental harm and secrecy, and the developer firmly denying those claims.
BPL’s Eleuthera outages ‘devastating businesses’
Eleuthera’s Chamber of Commerce president yesterday warned that the island’s frequent daily electricity outages are “devastating businesses” and could deter both foreign and Bahamian investment.
Sir Franklyn hails BOB’s ‘tremendous turnaround’
Bahamians must “create real wealth” by investing in equity rather than debt securities, a well-known businessman urged yesterday, as he hailed Bank of The Bahamas’ “tremendous turnaround”.
FIU chief discloses ‘uptick’ in suspicious transactions
The Financial Intelligence Unit’s (FIU) top executive yesterday said there has been an “uptick” in suspicious transactions reports (STRs) as it teamed with the Gaming Board to battle financial crime.
‘Pretty dead’: Marina Labour Day occupancies cut by half
Marina operators yesterday voiced mixed predictions for the 2025-2026 winter season following “a pretty dead” US Labour Day holiday weekend where many endured half their normal occupancy levels.
Breezes chair eyeing expansion possibility
SuperClubs Breezes is exploring expansion plans, its chairman revealed yesterday, although he provided no details or timelines.
Bluff house Purchase ‘good for all of Abaco’
An Abaco hotel branded “the oldest resort in the Family Islands” will enjoy a $50m upgrade following its sale in a deal expected to close imminently, it was revealed yesterday.
