Solomon’s on the move with Lucaya grand opening
With a $1m remodel completed, Solomon’s Lucaya held a re-grand opening yesterday, and plans are proceeding to reopen by next March a second Solomon’s location in Downtown, Freeport, that will bring AML Foods’ total investment to over $5M in Grand Bahama.
NIB considers extension as pandemic benefits reach $100m
The National Insurance Board (NIB) has paid out over $100m in pandemic unemployment benefits thus far and a decision on whether payments will continue will happen by the end of September.
Cable in revenue increase pass expectations
Cable Bahamas Ltd (CBL) “surpassed expectations” for the 2021 fiscal year with revenue increasing by four percent in the final quarter.
Island Luck teams up on sports betting technology
Kambi Group Plc, a provider in sports betting technology, has teamed up with local gaming house, Island Luck, to provide the latter with premium sports betting technology.
Lumber now in greater supply
A building materials supplier said lumber prices have “flattened out considerably” riding the wave of greater supply and availability.
Payment provider enters wedding promotion
A digital payments provider is expanding its brand into the wedding business by partnering to provide a payment solution for micro-wedding promotion.
Port Authority initiatives sees new micro-business growth
NEARLY 200 new micro-businesses are licensed to do business in Freeport following two initiatives launched by the Grand Bahama Port Authority earlier this year.
Back to school with little sales bump
Retailers are holding their breath for a bump in sales stemming from whatever form schools reopen next month.
Activists in new court filing over oil drilling
TWO leading environmental groups have filed a Supreme Court application to discontinue a judicial review of the government’s approvals concerning Bahamas Petroleum Company’s exploratory drilling in Bahamian waters.
Cooper: AG suggestion of change to beneficial ownership act ‘laughable’
PLP deputy leader Chester Cooper has called the attorney general’s explanation of how money was spent from a $250m International Monetary Fund loan “laughable” as well as a possible “violation” of the terms of the loan.
Eleuthera calls bridge upgrade ‘waste of time’
SOME Eleuthera businesses say it is a waste of money to repair or rebuild the Glass Window Bridge and it would be better to build a causeway on the Bahama-bank side instead.
Governance reformer: Secure procurement process, integrity
SECURING procurement integrity must be two-fold with a specific process for resolution as well as any legislation having strong technical systems in place, says a governance reformer.
The world leading sand dollar
ActivTrades
LAST year The Bahamas became a global leader in e-money, after launching its own Central Bank Digital Currency (CBDC), the Sand Dollar, ranked number one in the PwC Global CBDC Index. A remarkable achievement for the nation, that captured headlines around the world. But what is a CBDC? Should other nations follow the example of The Bahamas? Why not instead adopt an existing cryptocurrency, like bitcoin, for example, like El Salvador did?
Water supplier challenged by 400% raw material increase
A Bahamian bottled water supplier says sourcing raw materials is the “challenge of the day” sparked by freight charges ballooning by over 400 percent.
Baker’s Bay to test charge for unvaccinated staff
BAKER’S Bay will today begin charging unvaccinated staff for mandatory COVID-19 testing while inoculated employees will be given test frees of charge until the Club hits its target of 70 percen of the workforce having received a jab.
