‘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.
Govt urged to ‘strike health visa ‘balance’
A leading Bahamian aviation operator yesterday urged the government to “strike a balance” between demanding health travel visas from Bahamians while exempting foreigners from this requirement.
BREA chief: Govt must get subdivision correct
The Bahamas Real Estate Association’s (BREA) president yesterday said it was better for the government’s Prospect Ridge housing development be be done properly rather than put deadlines on it.
Independence sales ‘picking up steadily’
Retailers yesterday said sales are “picking up steady” for this weekend’s Independence Day celebrations following a 2020 when COVID restrictions meant celebrations were far more muted.
$50m record inflow ‘excellent problem’
An investment banking chief yesterday said record capital inflows of more than $50m received by his institution during 2021’s first four months have created “an excellent problem” it must now solve.
Kanoo eyes Caribbean expansion in six months
The Bahamian digital payments provider at the centre of the health travel visa controversy says it expects to gain permission to launch in two other Caribbean territories within the next six months.
Doctors in $7.747m COVID testing boost
Doctors Hospital enjoyed a $7.747m revenue boost as a result of administering more than 100,000 COVID-19 tests during the ten months to end-January 2021, it has been revealed.
‘UNIONS ACTING UP OF LITTLE CONCERN’: Labour chief dismisses sabre rattling as part of pre-election season
The Government’s top labour official yesterday reassured that workplace unrest “ain’t as serious as it appears”, and added: “This is the culture of trade unions in The Bahamas.”
Home porting cruise line to bring 16,500 guests
The second cruise line to begin home porting in The Bahamas will bring 16,500 total passengers to this nation over the four months to end-November 2021, a Cabinet minister has disclosed.
Doctors gains $5m IDB COVID loan
Doctors Hospital has received a $5m loan from an Inter-American Development Bank (IDB) affiliate to support its working capital needs and meet the “evolving” demands imposed by COVID-19.
Marinas chief: July 4 ‘as strong as 2019’
Bahamian marinas enjoyed a US Independence holiday weekend that “was as strong as 2019”, Tribune Business was told yesterday, with the industry’s mid-market returning following a year-long absence.
