‘Rapid improvement’ desired over Water Corp’s $22m debt
The Water & Sewerage Corporation’s main BISX-listed supplier says it expects to see “a rapid improvement” in the $21.7m debts owed to it by end-September 2021.
Andros fears 8pm curfew to undermine crab season
An Andros businessman yesterday said extending the COVID-19 curfew’s start to 8pm on that island simply “won’t work” due to the imminent start of crab season.
Spanish Wells mixed over cruise call plans
Spanish Wells businesses yesterday gave a mixed reaction to Crystal Cruises’ plans to make weekly stops in the destination after the Harbour Island call proposed initially ran into strong opposition.
CARICOM, Latin American nations ‘front of mind’ with regards to US vaccines
A UNITED States official said the Biden administration has not made a final decision yet on which countries will benefit from America’s promised vaccine sharing but stressed the COVID-19 situation in CARICOM and Latin American nations has been “front of mind”.
COVID’s ‘timing concerns’ for $24.5m cruise port IPO
Nassau Cruise Port’s chief executive yesterday said COVID-19’s economic impact has caused “concerns with the timing” of its plans for Bahamian investors to gain ownership in the $250m project.
Outgoing BPC chief hits ‘spurious’ legal analysis of licence
The Bahamas Petroleum Company’s (BPC) outgoing chief executive yesterday blasted as “spurious” a legal analysis arguing that the government is not legally bound to renew the oil explorer’s licences.
Bahamas First sees Q1 losses increase 50%
Bahamas First yesterday blamed a decline in the value of its investment holdings and a $4.1m year-over-year reversal on its Cayman health insurance portfolio for a $1.344m first quarter loss.
Three-fold greater returns: Home port ‘makes sense’
The three-fold greater return from home porting cruise passengers is why previously unplanned investments “make financial sense”, Nassau Cruise Port’s top executive revealed yesterday.
Atlantis axes 700 but ‘bigger blow expected’
The termination of 700 Atlantis staff is “not as bad a blow as we thought it would be” based on past precedent, the hotel union’s president argued yesterday.
‘Over 2,000’ Atlantis staff still on furlough
A Cabinet minister said some 2,000-3,000 Atlantis staff remain on furlough following yesterday’s termination of 700 workers, with no sign that other resorts plan to follow suit.
New conch eating guidance awaited
A senior government official yesterday said new guidance on the consumption of raw conch should be issued today just 48 hours after Bahamians were advised not to purchase it.
Mitchell attacks govt furlough suspension
The Progressive Liberal Party’s (PLP) chairman yesterday attacked the government’s suspension of the Employment Act’s furloughed worker provisions for “disproportionately” aiding employers.
Realtors back land registry reform call
A prominent realtor yesterday questioned “who’s benefiting” from the absence of a land registry, with Bahamian real estate deals taking on average 60 days to close compared to just 24 hours in the US.
Bahamas to gain first overflight fees by July
A CABINET minister yesterday said The Bahamas should start receiving fees for the use of 75 percent of its air space by this July, as it awaits a deal with Cuba to cover the remainder.
Banking chief: ‘Far too many frauds and errors’
The government was yesterday urged to prioritise creating a land registry to reduce the “far too many frauds and errors” scarring real estate deals and bring The Bahamas “into the 21st century”.
