Realtor concerns over Grand Lucayan’s sale
The Bahamas Real Estate Association’s (BREA) president yesterday said it was “very sad and disheartening” that the Government had seemingly “sidelined” the sector on the Grand Lucayan sale.
Revenue’s $1.3bn increase ‘will not be easy to achieve’
A Bahamas-based risk management consultant is “cautiously optimistic” the Government will achieve its $1.3bn revenue increase, but conceded: “It’s not going to be easy to reach.”
Small contractors sceptical on Gov’t housing promises
Several small Bahamian contractors have voiced scepticism over being able to win government housing contracts despite the Davis administration’s pledge to give them access.
PM pledges ‘new era of prosperity’
The Prime Minister has vowed to create a “new era of possibility and prosperity” while pledging not to return to how business was conducted before Hurricane Dorian and COVID-19.
‘Closing the shortfall’: Port off 3% versus pre-COVID
Nassau’s main commercial port has “closed significantly on making up the shortfall” with container volumes just 3 percent off pre-COVID volumes for the 2021 second half.
Abaconians need ownership in $60m Marsh Harbour port
The Abaco Chamber of Commerce’s president yesterday said island residents must gain equity ownership in the $60m public-private partnership (PPP) to redevelop Marsh Harbour’s port.
Receivers take over murder victim’s luxury goods group
Receivers have taken over the luxury goods retail group headed by an ex-PLP Cabinet minister’s murdered husband in a bid to resolve a bitter $34m legal dispute.
Workplace safety hit by inspector shortage
The Bahamas faces “significant constraints” in upholding workplace health and safety laws and standards because there are just seven labour inspectors to cover the entire country.
Milo Butler aims to ‘reignite’ Freeport
The Milo Butler Group is aiming to “reignite” downtown Freeport via a potential $10m investment, with renovations to the former City Markets building set to finish within the next 90-120 days.
DPM hopes Hilton close ‘very short’
The deputy prime minister yesterday expressed hope that the British Colonial resort’s imminent February 15 closure “could be very short” if it quickly finds a replacement for the Hilton brand.
GB airport bid to launch in 45 days
The deputy prime minister yesterday said the Government plans to launch the bidding process to transform Grand Bahama International Airport into a “world class” facility within the next 45 days.
Gov’t gives ‘priority focus’ to 30% foreign debt ratio
The Government is giving “priority focus” to reducing its foreign currency debt to 30 percent of total liabilities in a bid to reduce pressure on The Bahamas’ currency peg and external reserves.
Self-patronising society to boost entrepreneurs
The chairman of a newly-formed Entrepreneurs Society yesterday said it aims to “build wealth” via a self-patronising strategy where all 171 small business owners support each other.
$3.2m acquisition to be donated for GB hospital
Doctors Hospital has teamed with three philanthropists to close the $3.2m purchase of its new Freeport facility and provide services to those who cannot normally afford private healthcare.
Gov't to meet realtors on 'misguided' tax concerns
The Government will meet with the Bahamas Real Estate Association (BREA) to address what a senior official described as "misguided" concerns over real property tax revaluations.
