Bahamian hotel owner defeats lender’s probe
A Bahamian asset manager’s bid to probe more deeply into a Nassau-based resort owner’s alleged $7.5m-$9m insolvency has been thwarted for a second time by the judicial system.
Blame all around over $535m BPL bond ‘gut’
The Opposition’s leader last night admitted “we’re not completely blameless” as he challenged the Government’s effort to “gut” Bahamas Power & Light’s (BPL) mammoth $535m refinancing,.
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Gov’t to invest $1.2m in righting athlete wrong
A Cabinet minister yesterday said the Government will invest $1.2m in installing infrastructure to the homes of ten Bahamian Olympic gold medallists.
Cruise port handles ‘record’ six vessels
The Nassau Cruise Port yesterday handled a “record-breaking” six cruise ships that brought some 10,000 passengers to downtown Nassau and other New Providence-based attractions.
Tourism moves on GB airfares
Tourism officials have already reached out to American Airlines over the relatively high airfares that are making Grand Bahama uncompetitive, Tribune Business was told yesterday.
Law reforms to aid trading standards
Two key laws will be upgraded to enable The Bahamas to meet the standards set by rules-based trading regimes and agreements, it was revealed yesterday.
Auditor General discloses ongoing co-operation woe
The Auditor General (AG) says the willingness of government ministries, departments and agencies to provide his staff with access to their files is still “not where we want it to be”.
‘No issues whatsoever’ on $2bn Gov’t roll over
The Ministry of Finance’s top official last night said he foresees “no issues whatsoever” over the Government’s ability to refinance $2bn in domestic debt coming due for repayment by June 2022.
Hedging delay threatens to cost BPL’s consumers
Bahamas Power & Light’s (BPL) plan to raise its customer fuel charge by 30 percent with effect from yesterday did not happen because it was not approved by Cabinet, it was revealed yesterday.
‘Reputation on chopping block’ over reefs threat
The Bahamas’ “reputation is on the chopping block” if it fails to immediately combat a new “pandemic” devastating the coral reefs relied upon by tourism and fisheries, activists warned yesterday.
US urges ‘greater focus’ on gaming, money transmission
The US government yesterday urged The Bahamas to place “greater focus” on combating financial crime conducted via online gaming and money transmission services providers.
CIBC loan deferrals decrease by $420m
Just $6m worth of loans remained in CIBC FirstCaribbean International Bank (Bahamas) COVID loan deferral initiative at end-October 2021 compared to $426m exactly one year earlier.
Gladstone Road to be four lanes by end-2024
Gladstone Road will be transformed into a four-lane highway over its entire length - from Carmichael Road to John F Kennedy (JFK) Drive - by end-2024, it was revealed last night.
‘Build confidence’ for $2bn debt refinance
The Government must “build confidence” among Bahamian investors to successfully refinance almost $2bn in domestic debt coming due by June 2022, a top banker urged last night.
