Govt in $455k packing house upgrade project
The government will spend $455,000 to renovate Family Island packing houses in an initiative set to start on May 1, a Cabinet minister said yesterday. Michael Pintard, minister for agriculture and marine resources, told the House of Assembly: “The l
Cruise port eyes $150m bond despite shutdown
Nassau cruise port’s developer is aiming to raise up to $150m in bond financing next month to kick-start construction work amid the industry’s global shutdown. Mehmet Kutman, chairman of Global Ports Holding, confirmed to analysts in a recent confer
Bahamians raiding pensions for funds
An investment banker has cautioned Bahamians against using pension monies and retirement savings as emergency funding to ride out the COVID-19 pandemic.
Freeport ‘the only fiscal and economic saviour’
A prominent Freeport attorney is today urging the government to “save” the city and itself by allocating $70m from any post-COVID-19 stimulus spending to Grand Bahama International Airport’s rebuild.
Galleria’s boss told: ‘hand over royalties’
Galleria Cinemas' principal has been ordered to pay "all outstanding royalty fees" over a failed restaurant venture that a Supreme Court judge branded "an abject failure" and "a bust".
Cruise line eyes June 10 for Bahamas sail restart
Bahamas Paradise Cruise Line has confirmed that sailings to this nation will resume on June 13 for its Grand Celebration vessel, and on July 10 with the Grand Classica . “We appreciate the support of our valued guests, partners, regulatory agencies,
A market first - "We'll pay you to take oil off our hands"
Many of us watched in disbelieve last Monday night as the May future contract of crude oil was, for the first time in history, negotiated at a negative price. Traders offered to pay any buyers $40 per barrel, provided they accepted delivery at the en
LETTER: 'Get ball rolling' over GB airport post-virus
Dear Editor, Before the coronavirus pandemic we had a two-year window for construction and completion of the four major projects in Grand Bahama that would have given us jobs, jobs and jobs, and the revival and establishment of a dynamic economy. S
Recovery co-chair calls for 'integrated economy'
A co-chair for the government-appointed Economic Recovery Committee yesterday said The Bahamas “must build an integrated economy that is self-sustaining” post-COVID-19.Kenwood Kerr, Providence Advisors’ chief executive, told Tribune Business that he
Realtors urged to take training focus
The Bahamas Real Estate Association (BREA) is calling on its members to take advantage of training courses it is arranging during the COVID-19 lockdown period.Christine Wallace-Whitfield, pictured, BREA’s president, told Tribune Business: “We have go
Year-old cocktail lounge nominated for honours
A year-old Bahamian cocktail lounge has been nominated for a top international award, which it says is a first for any bar in The Bahamas. Bon Vivants, based at the Old Towne Sandyport, was one of ten bars shortlisted to be named Best New Internatio
Andros Chamber chief backs farming increase
The Central Andros Chamber of Commerce’s president says the island would welcome an increase in farmers with the eco-tourism industry it heavily depends on shuttered due to COVID-19. Tavares Thompson told Tribune Business: “As it stands now it is ju
Abaco reconstruction awaits energy return
Abaco’s Chamber of Commerce president said post-Hurricane Dorian reconstruction is “proceeding at pace” despite the continued wait for electricity supplies to be restored to Central Abaco. Ken Hutton told Tribune Business: “Reconstruction is proceed
Bahamas financing need ‘close to’ $1bn
A Standard & Poor’s (S&P) analyst yesterday said The Bahamas will need “close to $1bn” to finance this year’s fiscal deficit while predicting “a strong economic recovery” in 2021 and 2022.
Judge brands realtor 'stranger to the truth'
A Supreme Court judge has branded a realtor “a stranger to the truth” after finding he sold the same land to two different buyers - Sir Franklyn Wilson and a Bahamian retail entrepreneur. Justice Indra Charles, in an April 17 ruling, said Anthony Ra
