Treasure Cay buyer refuses $20m bond
A controversial purchaser of Abaco’s Treasure Cay Resort has failed to lodge a $20m bond demanded by the seller, North Abaco’s MP confirmed yesterday.
Full churches to boost funeral employment
The Bahamas Funeral Directors Association’s (BFDA) president yesterday said the post-COVID return of 100 percent church occupancy will enable the industry to hire more people.
Tourism giants in ‘coral reef gene bank’ move
Conservationists are partnering with Atlantis and Disney to create a “coral reef gene bank” to save several Bahamian species in danger of being wiped out by disease, Tribune Business can reveal.
Super Value chief: Food price peak ‘in 6 months’
Super Value’s principal is optimistic that soaring global food prices could peak “in six months’ time” as it relies on high warehouse inventories and “forward bookings” to mitigate the impact on Bahamian consumers.
‘Leave us alone and we’ll blow 2018 GDP out water’
Abaco’s economic output “will come roaring back and blow 2018’s figures out of the water” if the island’s recovery is freed from the Government’s constant rule changes, its Chamber of Commerce president argued yesterday.
Gas dealers: 50% margin rise to avoid Easter strike
Gas station operators are seeking a 50 percent margin increase and for its calculation to be based on a percentage, as opposed to a fixed amount, amid threats that up to 80 percent of them may strike this Easter weekend.
Soaring prices
ActivTrades
THE US Federal Reserve apparently intends to raise interest rates significantly – and reduce the balance sheet. Fed Reserve governor, Lael Brainard, signalled this aggressive action.
HUBERT EDWARDS: The Moody’s verdict on state of The Bahamas
In the first of a two-part series, Hubert Edwards examines the implications of the rating agency's assessment for the country's economic and fiscal outlook.
Address Dorian-spill liabilities in South Riding sale approval
Activists are urging the Government to ensure all environmental and financial liabilities stemming from the Dorian-related oil spill at South Riding Point are properly addressed in the approval for the facility’s potential sale.
Ex-minister: Civil servants hijacked new research Act
A former environment minister is urging the Government not to “throw the baby out with the bath water” in reforming an Act that has been accused of bringing scientific and environmental research in The Bahamas to a near-standstill.
Home construction must not be ‘Russian roulette’
A Bahamian engineer is urging the Government to hire “third party inspectors” from the private sector as a means to relieve the burden facing the Building Control Department.
Bahamas’ sustainable future requires action, not promises
The Bahamas no longer has “the luxury of making grand speeches” that are not backed by action, a Cabinet minister has conceded, as it faces “falling further behind” if sustainability does not become a reality.
PI developer takes on Schooner Bay
A Nassau financier/developer has struck a deal to take over management, and develop a boutique resort, at a south Abaco community once hailed as a sustainable development model for The Bahamas.
Permit crisis is ‘debasing’ Bahamas’ science brand
The fight against a deadly coral disease, and preservation of endangered species, have been undermined by a bureaucratic bottleneck that is “debasing” Bahamian science and reduced it to near-standstill, Tribune Business can reveal.
‘A poor excuse for governance’
The Attorney General yesterday said he and environmental chiefs are aiming to complete a “page by page” review of an Act that has brought scientific research in The Bahamas to a near-standstill “by the end of next week”.
