‘No deal breaker’: Lucayan sale gets 45-day extension
The Grand Lucayan’s chairman yesterday reassured there is “no deal breaker” after it was agreed that negotiations over the hotel’s sale be extended by 45 days to September 15.
IAN FERGUSON: Start planning now for our 50th Independence
Throughout the length and breadth of our archipelago, the level of excitement surrounding the 50th independence celebrations scheduled for July 10, 2023, is building among Bahamians.
‘Taking Over-the-Hill projects to new level’
A prominent doctor is asserting that his planned 15-storey parking garage and residential condo complex on Collins Avenue will “take Over-the-Hill developments by Bahamians to another level” if approved.
‘Success formula rethink’ on Eleuthera’s BPL woes
Eleuthera’s Chamber of Commerce president yesterday said the island “needs to rethink the formula for our success” with rolling power outages and blackouts set to potentially impact the island until Tuesday next week.
Firms ‘bleeding red’ as inflation hits 6.2% high
An accountant yesterday warned that “many Bahamian businesses are on the cusp of being in the red” as local inflation hit a “record” 6.2 percent increase for the 12 months to end-June 2022.
Gold Rock ‘setback’ for Gov’t GB revival
The Prime Minister yesterday admitted that the Gold Rock group’s decision to shutter all its businesses, and exit the country entirely, is a “setback” to his administration’s efforts to revive Grand Bahama’s economy.
Ex-Cabinet minister in $2m crowdfund raise
A former Cabinet minister yesterday revealed he is targeting a maximum $2m capital raise via the ArawakX crowdfunding platform as he bids to expand his food treatment network throughout The Bahamas and the Caribbean.
Explorer: We won’t sell off Bahamas heritage
An underwater explorer has pledged not to sell or “split up” the valuable gems and historical artifacts it is recovering from the wreck of a centuries-old Spanish treasure galleon in Bahamian waters.
$1m initiative targeting Gov’t sector ‘pain points’
The Government is seeking to eliminate ease of doing business “pain points” in the public sector through a $1m digital solutions grant funding scheme that also aims to boost Bahamian innovation.
Businessman: Gold Rock’s exit comes after expansion
A Bahamian businessman yesterday voiced surprise that Gold Rock and its principals have decided to exit Freeport after expanding the size of their business interests in recent years.
Broker’s lawsuit dismissal fails over Bahamas whistleblowers
A Bahamian broker/dealer’s principal, who once acted as FBI “bait”, has failed to dismiss a lawsuit by US federal regulators who he claims improperly obtained 44,000 pages of evidence from two locally-employed whistleblowers.
Brace for higher inflation as growth trimmed to 5%
The Central Bank’s governor yesterday trimmed forecast Bahamian economic growth for 2022 “to at least 5 percent” while warning that the cost of living crisis facing many families has yet “to peak”.
US: Bahamas campaign finance open to abuses
The US government has warned that election campaign financing in The Bahamas remains wide open to abuse that exposes this nation’s governance to “corruption and foreign influence”.
PM implores Gold Rock owners on Port dispute
The Prime Minister last night said he had implored Gold Rock’s owners to “spend every effort” to resolve their differences with the Grand Bahama Port Authority (GBPA) and its affiliates despite signs the impasse cannot be resolved.
Governor targets loan delinquency ‘under 5%’
The Central Bank’s governor yesterday said he is targeting a commercial bank loan delinquency rate of “less than 5 percent” as some institutions push for an easing of lending restrictions.
