Hydroponic farm turns 320 feet into 15 acres
A New Providence-based hydroponic farm is using racks of produce in shipping containers to scale-up 320 square feet into the equivalent of 15 acres of farmland.
Gov't gives nod to 30 'smart farming' acres
A Cabinet minister yesterday said the Government has approved the allocation of 30 acres at the Gladstone Road Research Centre for use as “smart farms”.
$141m deficit increase ‘a tremendous warning’
The $141m increase in the Government’s forecast 2021-2022 fiscal deficit “is a tremendous warning” that The Bahamas’ must urgently address long-standing structural woes to maximise COVID recovery.
NIB ‘lost control’ of $11m housing loan
The National Insurance Board (NIB) “lost control” of its $10.8m loan to the Government’s housing scheme, a forensic audit probe found, leading to $2.753m in “unauthorised obligations” being incurred.
Gov’t targeting $74.5m in additional spending
The Government yesterday unveiled a $74.511m spending increase beyond its initial Budget approvals that may have to increase further after Bahamasair used up all its extra subsidy in six months.
Cruise port chief: ‘We’ll ignite fuse’
Nassau Cruise Port’s top executive yesterday pledged that Prince George Wharf’s $268m transformation will “ignite the fuse” to spark the downtown improvement both Bahamians and cruise lines desire.
Senior accountant ‘disputes’ $10.8m NIB loan findings
A prominent Bahamian accountant yesterday said he “completely disputes” a forensic audit report’s conclusion that he and his firm “neglected their obligations” over a $10.8m government housing loan.
Carnival chief: Nassau needs more than port
A senior Carnival Corporation executive yesterday warned Nassau needs to improve more than just its port facilities given that three-quarters of passengers declined to book excursions pre-COVID.
‘Tax system is broken’
The Bahamian taxation “system is broke” and in dire need of “comprehensive reform” to develop a suitable framework for the next 50 years, a top banker argued yesterday.
GB Shipyard to be ‘biggest Caribbean industrial’ player in $100m investment
The Grand Bahama Shipyard will become “the biggest industrial concern in the Caribbean by far” if it proceeds with a $100m-plus investment to build the world’s largest floating dock.
Carnival awaiting permits for GB ‘crown jewel’ start
A senior Carnival Corporation executive yesterday voiced optimism that construction on its Grand Bahama “crown jewel” can still start this year despite the pressures imposed by COVID-19.
Marina chief hits at increased red tape
The Association of Bahamas Marinas (ABM) yesterday voiced frustration that the entry process for incoming boats and yachts has been made “more complicated and difficult” for 80 percent of the market.
Ex-finance minister says income tax 'stable' choice
An ex-minister of state for finance yesterday backed income tax as a more "stable" and equitable alternative to the present regressive structure that is dominated by VAT and import duties.
Regulators approve BPL's 119 MW solar energy plan
Regulators yesterday granted full approval to Bahamas Power & Light's (BPL) first renewable energy plan that aims to install 119 mega watts (MW) of solar generation by 2023.
Software player has big Caribbean goals
A Bahamian software company is already targeting domestic and Caribbean expansion just over a year after it was formed, its founder revealed yesterday.
