Butler slams $28m loans judgment bid as ‘garbage’
Sky Bahamas’ former principal slammed as “garbage” yesterday’s bid by the airline’s main financier to obtain a default judgment against him over the alleged $28m “bogus loans conspiracy”.
New Atlantis furloughs branded ‘a major blow’
Atlantis’ move to place more workers back on furlough was yesterday branded “a major blow” to tourism’s recovery and revived calls for full termination packages to be paid to staff who want them.
COVID powers extension boost for labour market
The Chamber of Commerce’s labour specialist yesterday hailed the Government’s move to extend the COVID emergency powers to May 23 as easing uncertainty for thousands of workers and employers.
Oil explorer blasts ‘half-baked’ claims
The verbal battle between the Bahamas Petroleum Company (BPC) and its opponents intensified yesterday as the oil explorer blasted “half-baked allegations” over its well’s insurance coverage.
BTC’s ‘great pains’ to protect pension fund
The Bahamas Telecommunications Company’s (BTC) chief executive has pledged it “went to great pains” to ensure its latest voluntary retirement offer does not further strain an already-troubled pension fund.
Royal Caribbean sponsoring Bahamas leadership summit
The Global Leadership Summit Bahamas yesterday announced that Royal Caribbean will be a silver sponsor of its annual event for a third year.
US quarantine move comes as no surprise
There is no doubt that over the last nine-plus months that countries, industries and individuals have been navigating unchartered waters. It is paramount for stakeholders at government, industry and community levels to plan for various future scenarios while appreciating the current landscape.
Super Value principal no COVID powers believer
Super Value’s principal yesterday said he does not believe in "emergency powers", while decisions relating to them should be taken by the Cabinet and not just one man.
Entertainment destinations ‘hold firm’ on opening wait
Entertainment destinations yesterday said they are "holding firm" as they negotiate COVID-19 protocols with the Ministry of Health in a bid to re-open ten months after the COVID-19 pandemic started.
Taxi president more optimistic than US quarantine 'naysayers'
The Bahamas Taxi Cab Union's president yesterday said he was less pessimistic that many tourism "naysayers" over the potential fall-out from the Biden administration's planned traveller quarantine.
BTC ‘entertaining’ offers for JFK HQ
The Bahamas Telecommunications Company (BTC) is “entertaining offers” to lease or acquire its iconic JFK Drive headquarters as it reexamines its real estate portfolio following COVID-19’s impact.
‘Screaming from mountain top’ on Biden quarantine
The Bahamas will be “screaming from the mountain top” in a bid to ensure the planned US quarantine for incoming travellers does not devastate the tourism industry, a Cabinet minister pledged yesterday.
‘Pulling the rug from under’ our tourism revival
Hotel operators have voiced fears that US quarantine plans will “pull the rug out from under” Bahamian tourism’s revival with several properties already reporting booking cancellations as a result.
BPL targeting $85m from local investors
Bahamas Power & Light’s (BPL) chairman yesterday voiced confidence that local investors will “fully subscribe” for the $85m portion of its upcoming bond issue that will be placed in this nation.
Getting the rules right for a successful sovereign wealth fund
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“Our landscapes connect us to our history; they are the source of our character as a people, as well as our health, our safety and our prosperity. Natural resources enrich us economically, yes. But they also enrich us aesthetically and recreationally and culturally and spiritually.”
