Over 10,000 back anti-oil exploration petition
Environmental activists behind a 10,000-strong petition opposing oil drilling in Bahamian waters yesterday argued "we cannot afford to jeopardise our existing economic drivers" with such a "risky" venture.
Squandering Freeport costs Bahamas 'billions'
The Bahamas has lost "billions of dollars" through decades of squandering Freeport's special economic zone (SEZ) potential with "collaboration not seen for 50 years" needed to effect a turnaround.
New airport, hospital key for GB recovery
Completing Grand Bahama International Airport's sale to the Government and development of a new hospital are among the top three short-term priorities identified for Freeport's revival.
PM in last ditch rescue for gyms
The Prime Minister yesterday performed a last-ditch rescue of the Bahamian gym and fitness industry as operators warned they could "not hold out much longer" amid rising debt and staff terminations.
Don't take data protection lightly
Strong governance requires effective management at its core. Governance, risk and compliance (GRC) have, over the past decade, expanded from standalone and abstract disciplines to arguably the most important functions in a business. They are not a technology platform, fad or catchy phrase for software vendors and professional service providers to generate revenue. Instead, it is about ensuring compliance while strategically pushing the business forward.
'Another weapon' to avoid blacklists
The deputy prime minister yesterday said reforms to the Register of Beneficial Ownership Act give The Bahamas "another weapon in our arsenal" to combat future and present "blacklistings".
Galleria chief: Better to be safe than sorry
Galleria Cinemas president yesterday said he was eyeing a possible December return to coincide with new movie releases, while agreeing that combating COVID-19 must remain The Bahamas' priority.
Eliminate 'bureaucracy bottleneck', urged MP
The Opposition's spokesman yesterday demanded that the Government eliminate the "bottleneck of bureaucracy" for the private sector, as he warned that The Bahamas is “not the only game in town”.
BAMSI's cassava plan to boost food security
Farmers across The Bahamas have received cassava sticks and sweet potato slips as part of the Bahamas Agriculture and Marine Science Institute’s (BAMSI) Roots and Tubers Distribution initiative.
'Meaningful recovery' needs 50-75% of tourism staff back
The Bahamas' "economic stagnation" will last at least another 12 months, an ex-Central Bank governor warned yesterday, with recovery only arriving when 50-75 percent of tourism workers are re-hired.
Cruise port's $25m in 'delay draw' deal
Nassau Cruise Port only received 83 percent of its $150m bond proceeds upfront after agreeing a "delayed draw" deal with "certain investors" for the remainder to be paid by year-end, it can be revealed.
Downtown chief supporting private island cruise return
The Downtown Nassau Partnership's (DNP) co-chair yesterday backed the cruise industry's plan to restart with voyages to its private islands only, arguing: "It's critical they get it right."
Economic realities' to dictate COVID support
The deputy prime minister yesterday said "economic realities" will dictate how long the Government can keep financing its individual and business COVID-19 assistance programmes.
Some workers pushing Atlantis for severance
Atlantis last night reassured employees it had not been sold and branded claims of redundancy packages being offered as "entirely false" despite some furloughed workers pushing for them.
NAD seeks waiver over $370m debt
The Nassau Airport Development Company (NAD) is asking its bondholders to waive critical debt servicing conditions following its credit rating downgrade, its chairman confirmed yesterday.
