Water Corp racked up $40m supplier debts
The Water and Sewerage Corporation (WSC) racked up a $40m debt owed to its major reverse osmosis suppliers since Hurricane Dorian struck in 2019, an MP said yesterday.
Glass Window rebuild can be ‘world famous’
A Cabinet minister yesterday confirmed construction on Eleuthera’s new Glass Window Bridge will begin next year amid hopes that the new infrastructure will become a tourist attraction in its own right.
Crowdfund platform targets 12 more listings after ‘retool’
A Bahamian crowdfunding platform yesterday disclosed it is preparing to bring another 12 companies to market within the next three months following what it described as a six-month “retool”.
Sandals founder’s family in Bahamian legal battle
The family of Gordon ‘Butch’ Stewart, the late Sandals resort chain founder, have become embroiled in an escalating Bahamian legal dispute over the multi-million dollar estate he has left behind.
Entrepreneur targets $850k for restaurant’s expansion
A restaurant entrepreneur yesterday moved to raise $850,000 from Bahamian crowdfunding investors to finance construction of a production and distribution centre and his planned franchise expansion.
Coral killer will ‘decimate’ tourism, fisheries sectors
The Bahamas National Trust’s (BNT) top executive yesterday warned that tourism and other coral reef-reliant industries will be “decimated” unless this nation rapidly arrests the spread of a killer disease for these key marine ecosystems.
Bahamas can enjoy $177m boost from near-home focus
The Bahamas could increase goods exports by some $177m if it maximises its “nearshoring” potential, an Inter-American Development Bank (IDB) study disclosed yesterday.
DEREK SMITH: Compliance amid rapid business change is key
Internal and external stakeholders, particularly in the areas of data protection and environmental, social and governance (ESG) responsibility, are placing increasing emphasis upon compliance. This compels chief compliance officers, chief risk officers and other executives to create a more flexible and responsive compliance function, even as they manage rising costs and company-wide expense-cutting pressures.
Petroleum retailers fear ‘implosion’ as gas hits $7
Petroleum retailers yesterday warned the industry could “implode” unless the Government urgently adjusts the price-controlled, fixed margin business it has laboured under for decades as gas prices breach the $7 per gallon mark.
Bahamian exporters hit by LPIA cargo scan woe
Cargo scanning woes at Lynden Pindling International Airport (LPIA) have blocked frustrated Bahamian exporters from sending thousands of dollars in native products to Europe since last year, Tribune Business can reveal.
‘Stay tuned’ for share offering, says Doctors
Doctors Hospital says investors will “hear from us in the next quarter” on plans to finance its multi-million dollar Bahamian healthcare expansion via an equity share offering.
Revenue chief: ‘No choice’ in pursuing $800m arrears
The Government’s top revenue official has admitted that the failure of successive administrations to enforce compliance with the law has resulted in the $800m “astronomical arrears” over real property tax.
IDB’s taxpayer boost for $385m Gov’t bond issue
The Bahamas will this week seek to limit the debt servicing burden for taxpayers via an Inter-American Development Bank (IDB) guarantee that will underwrite most of its $385m foreign currency bond issue.
Gov’t set to ‘pursue’ Qatar on Bahamas aviation hub
The Government will “continue to pursue” Qatar Airways to establish an aviation hub in The Bahamas that can service Latin America and the wider Western Hemisphere, the deputy prime minister has pledged.
Food security
ActivTrades
The shockwaves caused by Russia’s invasion of Ukraine continue to reverberate, transcending the nations directly involved and the wider European region. The impact has been profound and felt globally, both in the political and economic spheres.
