PLP to ‘encourage’ bank licences for Bahamians
The Progressive Liberal Party’s (PLP) deputy leader is promising to “encourage the Central Bank” to grant commercial bank licences to three Bahamian groups if elected to office on September 16.
GB still struggling with Dorian fall-out
A Grand Bahama businessman yesterday said that while large companies have their “heads above the water” many persons are still not receiving the assistance needed to rebound from Hurricane Dorian.
‘Aggressive bar’ set by $40m cruise port loan
A US institutional investor “has set a pretty aggressive bar” for other lenders to match by supplying Nassau Cruise Port with $40m towards its construction financing needs, its chief executive revealed yesterday.
Securing Abaco’s lifeline must be ‘absolute priority’
Abaco’s Chamber of Commerce president yesterday pleaded with the next administration to make rebuilding its sea port an “absolute priority” as the island closes down today to remember Dorian’s victims.
Gov’t urged: Get SOEs into procurement ‘fold’
Anti-corruption campaigners yesterday urged the Government to make it “a priority” that state-owned enterprises (SOEs) use the electronic procurement processes amid recent controversy over contract awards.
Kalik maker sees profitability return
Commonwealth Brewery produced a more-than $7.32m bottom line reversal to return to profitability in the 2021 second quarter, with its revival aided by relaxed COVID restrictions and a more open economy.
Nassau targets 62.5% increase in cruise calls
Nassau Cruise Port is projecting a 62.5 percent in monthly cruise ship calls between September and December 2021, it was revealed yesterday, with demand exceeding available berths in the Christmas run-up.
Gov’t’s $109m payables are ‘highly questionable’
The Opposition’s deputy leader yesterday branded the Government’s assertion that it owes vendors some $109m in current accounts payables as “highly questionable”.
Gov’t urged to create COVID-19 regulatory ‘level playing field’
The Government was yesterday urged to create a COVID-19 regulatory ‘level playing field’ so that massage and spa therapists can join counterparts in similar industries that have already returned to work.
Bahamian insurer: Too early on corporate tax
A major Bahamian insurer yesterday said it was too early to predict whether the industry will be impacted by the G-20 drive for a 15 percent minimum global corporate tax rate.
‘Big ticket items’ resolved over BPL industrial deal
The Bahamas Electrical Workers Union (BEWU) yesterday moved to secure its members’ approval of a new industrial agreement with Bahamas Power & Light (BPL) after “some of the big ticket items” were resolved.
Cable unveils TV line-up reforms
Cable Bahamas yesterday said its REV TV subscribers will enjoy improved choice and, potentially, lower costs as a result of its newly-introduced package line-up that takes effect from today.
BOB secured $34,000 loan on stolen vehicle
Bank of The Bahamas secured a $34,000 loan on a vehicle despite being informed three days before that it had been stolen in Florida, a Supreme Court judgment has revealed.
$700m Gov’t bond goes forward despite election
The Ministry of Finance’s top official yesterday said the Government’s $700m foreign currency bond issue is proceeding “unless we get some kind of policy directive to change course” from the new administration.
Confident in BPL $535m refinance despite election
Bahamas Power & Light’s (BPL) chairman yesterday voiced confidence that the utility’s mammoth $535m refinancing will be executed by year-end 2021 despite the potential general election interruption
