$35m Glass Window upgrade to be ‘world famous attraction’
The government’s $30m-$35m Glass Window Bridge replacement will combine “the most ambitious bridge building project” with “a world-famous tourist attraction”, the deputy prime minister revealed yesterday.
Doctors chief: Non-COVID patient care ‘under threat’
Doctor’s Hospital’s top executive yesterday warned that care for non-COVID patients is “under threat” as pandemic sufferers drive bed occupancy levels at its main hospital to near 80 percent.
Cable targets push on ‘hospitality TV’
A Cable Bahamas executive yesterday predicted that “hospitality TV” will be “big” for the tourism industry as it seeks to build momentum for greater nationwide penetration.
Sand Dollar set to enjoy ‘multiple security levels’
A Central Bank official yesterday said there are “multiple levels of security” to protect transactions involving the Bahamian digital currency, the Sand Dollar.
Provider: Cyber security must be national effort
A Bahamas information technology provider yesterday said the government is taking the “right steps” towards improved cyber security, but added: ‘It’s about all of us.”
‘This boom has legs’
Palm Cay’s developer is planning to invest a further $100m in accelerating its build-out by exploiting surging real estate demand, its top executive saying yesterday: “This boom has got some legs.”
Don’t ‘hide behind letter of law’ over beneficial owners
A prominent banker yesterday criticised the government for “hiding behind the letter of the law” in not providing beneficial ownership details on COVID contract winners to the Auditor General.
Ice cream firm gets RBC/SBDC ‘Shiver’
A Bahamian-made ice cream producer is accusing the Small Business Development Centre (SBDC) and Royal Bank of Canada (RBC) of trying to “choke” it out of business amid COVID-related distress.
Palm Cay developer’s $100m ‘Rise’ in west
Palm Cay’s developer yesterday said it was aiming to “Rise” in western New Providence by the 2022 second quarter with a $100m investment in its latest real estate project.
NAD’s private aviation levy ‘a slippery slope’
An aviation industry executive yesterday warned the Nassau Airport Development Company’s (NAD) plan to levy a $28 fee on all arriving international private plane passengers was “a slippery slope”.
Nearly $70m of IMF’s $250m went to SOEs
Governance reformers yesterday renewed demands for more transparency around state-owned enterprises (SOEs) after they collectively consumed $70m of last year’s $250m IMF loan to The Bahamas.
Super Value chief seeking to avoid ‘perfect storm’
Super Value’s president yesterday said he was hoping to avoid the perfect storm of an earlier COVID curfew and potential hurricane if tropical depression ‘six’ becomes a major threat later this week.
‘Catastrophe collision’: No COVID mitigation without IMF’s $250m
The Bahamas would not have been able to finance the health, unemployment and business support measures to mitigate COVID-19’s fall-out without the IMF’s “emergency” $250m loan.
WHO OWNS FIRMS GIVEN GOVT COVID CONTRACTS? – Auditor General reveals his request for beneficial owners list still pending
The Government has failed to meet the Auditor General’s demand to provide ownership details on all the companies awarded COVID-related contracts despite this being deemed “pivotal” to good governance.
Water Corp ‘author of own demise’ on supply cut-off
The Water & Sewerage Corporation has been blasted as “the author of its own demise” over $644,000 in unpaid bills that resulted in water supply to central Eleuthera residents being cut-off for several days last October.
