GBPA’s $1bn damages claim rejection ‘good news for taxpayers’
The Attorney General yesterday hailed the rejection of the Grand Bahama Port Authority’s (GBPA) $1bn damages claim against the Government while accusing it of trying to enrich itself at the expense of Bahamian taxpayers.
Gov’ts $357m GBPA owner change bid suffers setback
The Davis administration’s ambition of forcing a rapid ownership change at the Grand Bahama Port Authority (GBPA) suffered a setback - but has not been ended - by the ruling that dismissed its $357m payment demand.
GBPA claim Gov’t ‘frustrated’ $10bn investment dismissed
The Grand Bahama Port Authority’s (GBPA) assertion that the Government’s “misguided policies” resulted in it “deliberately frustrating” more than $10bn worth of investment for Freeport has been rejected by arbitrators.
AG: GBPA arbitration verdict solves Port utilities regulation
The Attorney General yesterday asserted that findings in the $357m Grand Bahama Port Authority (GBPA) arbitration dispute could result in the “dismissal” of Supreme Court challenges to the Utilities Regulation and Competition Authority’s (URCA ) authority to supervise utilities in Freeport.
Yntegra cut dredging by 75% over Govt’s ‘$25m carbon losses’
The Rosewood Exuma developer agreed to slash its dredging “footprint” by 75 percent after a unit within the Prime Minister’s Office voiced concern it could cost The Bahamas up to $25m in lost ‘blue carbon credits’ revenues.
GB Chamber chief says arbitration changes little
The Grand Bahama Chamber of Commerce’s president yesterday said the ruling over the Grand Bahama Port Authority’s (GBPA) $357m arbitration dispute changes little in Freeport and highlights the urgent need to “revisit and modernise” the city’s governance and regulatory framework.
$3m derelict property now technology-led laundromat
A $3m investment in a former derelict property has given birth to a technology-driven laundromat that its owners say is setting a higher standard for such services in The Bahamas.
Gov’t, GBPA urged: Release $357m dispute verdict quick
The outcome of the $357m Grand Bahama Port Authority (GBPA) arbitration dispute must be swiftly disclosed to uphold business and investor confidence, it was argued yesterday, amid subtle hints the verdict may not have gone fully the Government’s way.
PwC executive spots chance to strengthen cyber security
Executives with PricewaterhouseCoopers (PwC) Bahamas say the newly-passed Data Protection Act 2025, combined with The Bahamas National Cybersecurity Strategy, creates the opportunity to strengthen this nation’s digital crime defences.
PM opens $2.1m Mayaguana airport tied to 2,000-job seaport project
The Prime Minister has declared that Mayaguana’s economy will be “forever changed” as he commissioned the island’s new $2.1m airport terminal, tying the upgrade to a planned three-phase deepwater seaport projected to generate 2,000 jobs.
First aviation ambulance in Mayaguana under deal between govt, BACSWN and Response Plus Medical (RPM)
AN aviation-spec ambulance has been deployed to the newly commissioned Mayaguana International Airport, in keeping with the terms of a Heads of Agreement between the Government of The Bahamas, Bahamas Aviation Climate and Severe Weather Network (BACSWN) and Response Plus Medical (RPM).
Roberts Roberts healing in healing in hospital
Super Value owner Rupert Roberts has reassured customers of his 13-store grocery chain and the Bahamian public: “I’m really on the road to recovery.”
Gov’t ‘comforts’ energy reform partners on BPL
The Government has issued a ‘comfort letter’ promising BISX-listed FOCOL Holdings and all renewable energy generation providers that itself and Bahamian taxpayers will step in if Bahamas Power & Light (BPL) is unable to meet its financial obligations to them.
Gov’t defies Opposition on $265m bond proceeds
The Government has ignored Opposition protests by injecting the majority of $300m in surplus bond proceeds into the National Investment Fund with its direct debt having now breached the $12bn threshold.
Gov’t digital chief says its critical to build trust
The Government’s parliamentary secretary responsible for digital development yesterday said it was critical to improve trust in technology with Bahamians concerned about switching from manual voter registration to a biometric voter identification card.
