TV PROVIDER FACES PROBE ON SERVICE: Watchdog URCA to hold investigation into Cable Bahamas’ breakdowns
Regulators last night pledged to investigate Cable Bahamas’ TV service quality and said they were “majorly concerned” by the length and frequency of outages suffered by customers.
‘Elephant in the room’ for 1m stopover target
A Cabinet minister yesterday said he is targeting one million stopover tourist arrivals for 2021 but acknowledged that COVID-19 vaccination hesitancy remains “the elephant in the room” for this ambition.
‘Huge opportunity’ through no foreign crowdfunding bar
Newly-implemented crowdfunding rules were yesterday hailed as “a huge opportunity” for Bahamian small and medium-sized businesses (SMEs) who will be able to source equity capital from foreign investors.
Cruise giant ‘can’t recognise’ rival’s PI crown land lease
A Bahamian entrepreneur yesterday hit out at Royal Caribbean after the cruise giant declined to “acknowledge” his Paradise Island crown land lease that is now locked in a legal battle with the government.
BISX targets 2021 crowdfund launch
The Bahamas International Securities Exchange (BISX) plans to launch into the crowdfunding space in 2021, its top executive confirmed yesterday, suggesting it will happen “sooner rather than later”.
‘High-end real estate busiest I’ve seen it’
A Bahamian developer yesterday said “the high end real estate market is the busiest I have ever seen it” as he prepares to break ground on a $40m project within the next two weeks.
Real estate chief’s rogue agent alert
The Bahamas Real Estate Association’s (BREA) president yesterday urged law enforcement to act against rogue foreign realtors engaged in property transactions in the Family Islands.
Union chief pledges ‘no public hardship’
Trade unions will “not create hardship for the Bahamian people” if they are “forced” to take industrial action over their multiple workplace grievances, a prominent leader pledged yesterday.
Customs GB approach branded ‘mind boggling’
Hopes were rising in Freeport last night that Customs is close to resolving the near-two week system malfunction that has tripled the length of time required to clear goods imported to Grand Bahama.
Country needs plan to ‘salvage development’
The Bahamas is facing “a salvage development plan” rather than a National Development Plan, a former Chamber executive said yesterday, as the nation seeks to “pick up the pieces” post-COVID-19.
‘Frustration at a peak’ on $90m project delay
An Elbow Cay developer yesterday revealed “frustration has reached a peak” over obstacles impeding a $90m project that could help “supercharge” Abaco’s post-Dorian economic revival.
LNG supplier funded hotel power move
A Bimini resort developer has revealed that its entrance into private power generation was largely financed by its liquefied natural gas (LNG) fuel supplier, New Fortress Energy.
Baha Mar owner: We’re being pitted against AG
Baha Mar’s current owner is voicing increasing concern that it will be sucked into a legal battle with the Attorney General’s Office after failing to obtain an injunction to block Sarkis Izmirlian’s document demands.
Cays ‘feel neglected’ over Dorian recovery
Residents on Abaco’s multiple cays “feel neglected” by Hurricane Dorian relief efforts, an Elbow Cay developer charged yesterday, amid perceptions that wealthier residents will “pay for everything”.
‘Can’t rest on laurels’ over 47% FDI rise
The Bahamas “cannot rest on its laurels” despite leading all small island developing states (SIDS) in the amount of foreign direct investment attracted in 2020, a governance reformer warned yesterday.
