Luxury goods retailer locked in $34m battle
A local luxury goods retailer is locked in a furious $34m legal battle with an overseas supplier who is asserting that the dispute threatens “to ruin the name of The Bahamas” if not resolved.
Fisheries eye post-season cut-off over crawfish sales
The fisheries industry is discussing whether to impose a deadline beyond which crawfish cannot be sold after the March 31 season close, Tribune Business was told last night.
Fidelity on target to hit 75% pre-COVID return
Fidelity Bank (Bahamas) top executive yesterday said trends to end-June place it on target to hit year-end projections of generating around 75 percent of pre-COVID returns from its ongoing operations.
Tourism teams with OAS to assist small business
The Tourism Development Corporation (TDC) has teamed with regional bodies to provide access to technical and financial assistance for Bahamian small and medium-sized businesses.
Gas station operators warn on taxing times
Bahamian gas station operators yesterday said they have received no answer from the government despite “crying out for assistance” on improved profit margins and a lower tax burden.
BPL union seeks to raise deal pressure
The union representing Bahamas Power & Light’s (BPL) line staff yesterday sought to increase pressure for a new industrial deal it argues is critical to combat the rising cost of living.
Airbnbs ‘choke off’ local rental market
Exuma’s Chamber of Commerce president yesterday warned that the island’s soaring vacation property success was “choking off” Bahamian access to affordable rental units.
Port chief hits back on ‘chill’ at Lucayan
The Grand Bahama Port Authority’s (GBPA) president yesterday slammed as “disingenuous” the attack on its water provider subsidiary by the Grand Lucayan’s chairman.
Customs assurances ‘win-win’ for everyone
Grand Bahama’s Chamber of Commerce president hailed yesterday’s meeting with Customs as “a win-win for everyone” after it pledged not to violate Freeport’s founding treaty or existing court orders.
Super Value fighting price hikes ‘as long as we can’
Super Value’s president yesterday pledged to hold-off food price increases as long as possible, but reiterated that eight to ten percent rises by Christmas “is not a prediction but a fact”.
Policy reforms need for $200m IDB guarantee
The Bahamas must implement several policy reforms to develop its “blue economy” in return for obtaining a $200m guarantee that will underwrite the government’s planned $700m foreign currency bond.
HUBERT EDWARDS: A matter of life and debt
In the final of a four-part series, Hubert Edwards says The Bahamas has much to do in developing a growth platform to pay down its debt . . .
Farmers, fishermen place hopes on Govt insurance
Farmers yesterday said they are pinning their hopes on government-led insurance schemes to aid the sector’s recovery from future hurricanes because private companies “wouldn’t even entertain” the concept.
Pintard talks with world kitchen
A Bahamian Cabinet minister was among the featured speakers at a seminar that focused on strengthening food and agriculture resilience in the wider Caribbean region.
Grand Lucayan feels the ‘chill’ with no A/C
The Grand Lucayan’s chairman yesterday blamed the resort’s recent closure to overnight guests on an inferior water supply that “rotted our chillers” and left it without air conditioning.
