Old Fort Bay developer loses marina expansion appeal bid
A Supreme Court judge yesterday rejected the bid by Old Fort Bay’s developer for permission to appeal her ruling on its marina expansion as battle with the community’s homeowners continued.
Tourism’s call: ‘Eliminate’ 48-hour COVID testing
The Government was yesterday urged to eliminate the 48 hour in-country COVID testing requirement for all tourists and make The Bahamas “more competitive” for the peak winter season.
Fund’s record $75m inflow builds RF Bank ‘war chest’
A Bahamian investment bank yesterday said it expects to match last year’s record $75m inflow into its fixed income fund and further build a “war chest” to deploy as possibilities emerge in 2022.
IDB pledged $59m Bahamas savings through guarantee
The Bahamas would save $59m per year via a $200m guarantee from the Inter-American Development Bank (IDB) to underwrite a proposed foreign currency bond issue, it has been asserted.
Sisters-in law’ ‘take leap’ on authentic Bahamian brands
A sister-in-law duo yesterday said they are “taking a leap” by opening a downtown Nassau store designed to place “authentic” Bahamian brands within easier reach of tourists and locals.
Ex-judge and QC fight over who should be paid costs
An ex-Supreme Court judge and top QC are battling over who is entitled to receive $114,793 in costs awarded with Western Air’s successful $1.5m claim against the Airport Authority.
Bahamas First unveils date-driven approach
Bahamas First has formed a new unit that will provide business intelligence and analytics to its operations in both this nation and the Cayman Islands.
Governance group names economic committee head
The Organisation for Responsible Governance (ORG) has unveiled Hubert Edwards as head of its economic committee.
Over 100 taxi drivers gain own franchises
More than 100 taxi drivers will possess their own franchises by March’s end after vehicle plates were issued directly to them by the Ministry of Housing and Transportation.
Condo hotel targets September opening
A Goodman’s Bay-based condo hotel is “aiming” for a September opening with over 85 percent of the units already sold, the project’s developer said yesterday.
Anti-financial crime study set for end-June finish
A Bahamian anti-financial crime regulator yesterday said the country’s latest national risk assessment is due to be completed by end-June 2022.
Bahamas sees $900m boost from marine areas expansion
The Bahamas has generated a $900m annual economic boost by expanding its Marine Protected Areas (MPAs) to cover 20 percent of the country’s coastal environment, studies have estimated.
‘Folly’: Over one-third of fish catches shady
Bahamians were yesterday warned it was “folly” to believe the oceans have an inexhaustible fisheries supply after it was revealed that 36 percent of landed catches are illegal or unregulated.
Minister: Investors only ‘prefer’ short term Gov’t bonds
A Cabinet minister yesterday conceded that Bahamian investors are only interested in short-term government debt after a one-year issue was oversubscribed by 14 percent.
‘Humanitarian crisis’ fear over cruise ships’ arrest
Concerns were voiced yesterday over the fate of 900 crew members due to uncertainty over who will cover the costs for two Bahamas-flagged cruise ships arrested in Freeport.
