Ships’ waste processor in $15m Freeport facility
A Freeport-based processor of ships’ liquid waste is planning to invest $15m in constructing a plant capable of treating 150,000 metric tonnes per year, it has been revealed.
Davis Gov’t told: ‘Take leap over Freeport’s Holy Grail’
An outspoken QC yesterday urged the newly-elected Davis administration to “take the leap” its predecessor did not and “open the floodgates” to realising Freeport’s “holy grail” as The Bahamas’ economic saviour.
Companies urged: ‘Follow law’ on COVID-19 testing
The Chamber of Commerce’s labour specialist yesterday urged all Bahamian employers to “follow the law” and not force unvaccinated workers to pay for their weekly COVID tests until the matter was resolved.
RBC: $20 ATM halt part of digital drive
A senior Royal Bank of Canada (RBC) executive yesterday confirmed it has stopped issuing $20 notes through its automated teller machines (ATMs) as part of efforts to drive Bahamians towards digital banking.
Goldwynn targets $160m sales amid ‘non-stop’ buyer inquiries
The Wynn Group yesterday said the “phones are ringing non-stop” with buyer inquiries on its Goodman’s Bay project as it targets $160m in total sales at full build-out.
Barbers hail return of their ‘15% day’
Barbers and beauticians yesterday hailed the easing of COVID-19 restrictions that will enable them to open on Sundays as that day traditionally accounted for 15 percent of their weekly revenues.
Davis Gov’t ‘decider if we sink or swim’
The Davis administration’s actions will “be the decider as to whether this country sinks or swims” amid its ongoing COVID-related health, economic and fiscal crises, a governance reformer argued yesterday.
‘Keep politics out of contract review’
A governance reformer yesterday urged the Davis administration to keep politics out of its contract and promotion reviews, adding: “It’s so critical that’s looked at with the most objective eye”.
Bank chief pushes back on imminent debt default
A prominent banker yesterday said there are no signs the international capital markets agree with a Caribbean economist that a Bahamian sovereign debt default is imminent.
Gov’t opens up Sunday trading
The Davis administration last night further re-opened the Bahamian economy by abolishing the restriction that prevented construction and retail businesses from working on Sundays.
Gov’t intervention sought on Atlantis COVID testing
The hotel union last night said it has referred Atlantis’ plan to make all unvaccinated staff pay for weekly COVID-19 tests from tomorrow to the Department of Labour as it seeks the Government’s intervention.
Miller attorneys ‘agree’ $10m verdict overturn
Attorneys for an ex-Cabinet minister last night said they agreed to the overturning of a near-$10m damages award against the Government because both sides are now in settlement talks.
BOB targeting ‘real growth, not loan loss management’
Bank of The Bahamas yesterday said it was seeking to drive sustained profitability “from real growth as opposed to managing delinquency provisions” after enjoying a positive $14m bottom line swing.
‘Critical data’: Health travel visa to remain
The deputy prime minister yesterday said the health travel visa will stay for international travellers as it is producing “data critical to the development and advancement of tourism”.
Bahamas in world’s eighth largest electric car sale rise
The Bahamas was yesterday said to have exceeded last year’s electric vehicle sales in the first nine months of 2021, having produced the world’s eighth largest year-over-year increase during COVID-19’s peak.
