GB ministry unveils new private sector tie-up unit
A new unit within the Ministry for Grand Bahama will partner with the private sector and “get things done” away from concerns surrounding the Grand Bahama Port Authority (GBPA).
Electric vehicle dealer targets sales doubling
A Bahamian electric car dealer yesterday voiced optimism that it will “double” year-over-year vehicle sales in 2022 having just placed a record 100-strong order with its Chinese supplier.
Bail revoked in $40m fraud case
A Bahamian private island owner, who has been accused of masterminding a $40m fraud, has had his bail revoked over fears he may flee to this nation and has engaged in human smuggling.
Fund farm veterans, not just the rookies
The Bahamas must invest more in proven farmers who have shown the necessary “fortitude and perseverance” rather than directing all resources to newcomers, an entrepreneur is warning,
‘Are swimming pigs here because we’re Bahamian?’
An attorney has questioned whether two swimming pigs attractions are only being considered for Adelaide Village because the beachfront is majority Bahamian-owned.
Retail chair: Ease mask ‘boiling point’
The Bahamas Federation of Retailers’ co-chair yesterday urged the Government to ease the COVID mask mandate for all businesses, not just hotels, given the “resistance” mounted by tourists.
Bahamas provider slams $20m crypto ‘fraud’ claim
A Bahamian financial institution and its affiliate yesterday slammed a $20m damages claim against them as “baseless”, denying they participated in a “conspiracy to sabotage” a virtual token issue.
Bahamas ‘on cutting edge’ with hotel mask relaxation
The Government’s decision to partially lift the COVID mask mandate for resorts was yesterday hailed by a top hotelier as placing The Bahamas “on the cutting edge” of post-pandemic recovery.
Stay ‘neutral’ on Russia sanctions, says provider
A Bahamian financial services provider yesterday argued this nation should take a “neutral” position by not imposing sanctions levied against Russian oligarchs and business entities.
Stagflation fears
ActivTrades
FIRST came the military, then the energy shock. In 1973, it was the Yom Kippur War between Israel and the Arab states that caused oil prices to quadruple within weeks. Now it is Russia’s attack on Ukraine.
Concern on swimming pigs ‘cease and desist’
Opponents of an Adelaide-based swimming pigs attraction are challenging why Town Planning is “entertaining” its application when it has already issued a “cease and desist” order for it to close.
Crypto exchange: Hotel to ‘immerse’ visitors at its HQ
THE world’s second largest crypto currency exchange has included a boutique hotel in plans for its $60m Bahamas headquarters so it can better host visiting clients and business partners.
DEREK SMITH: Sanctions regimes that matter for us
According to the International Monetary Fund (IMF), Vladimir Putin’s war with Ukraine - and the sanctions that followed - will have a serious impact on the global economy. Despite the highly fluid conditions, and extraordinary uncertainty, surrounding the outlook, the economic impact is already being felt throughout the world with the affect on supply chains causing rippling economic shock waves.
‘Nothing sinister’ over $206m Goldman repo
The Government must ensure it has “the expertise to manage the legal and financial risk” arising from its “innovative” $206.5m repurchase deal with Goldman Sachs, a prominent banker says.
Barbers, beauty salons call for mask mandate easing
Barbers and beauty salons yesterday called for the Government to relax its COVID mask mandate with the sector “coming back” slowly from the economic devastation caused by the pandemic.
