$5m waste of axed welfare reform plan
Poverty-stricken families and the Bahamian taxpayer have received almost no value from a near-$5.4m investment in welfare reform that was halted by the Minnis administration.
Super Value chief '100%' confident resort deal close
Super Value’s owner says he is “100 percent” confident that the sale of his Bimini Sands resort will close as early as this week, adding: “I’m doing the island a favour by exiting.”Rupert Roberts told Tribune Business he hoped to conclude the deal th
Fears voiced on govt renewable energy takeover
Renewable energy providers have voiced fears that the government’s planned $170m financing vehicle will “squeeze out” the private sector and “kill an already-struggling industry”.Guilden Gilbert, vice-president of Alternative Power Solutions (APS) Ba
'Fluid' Lucayan deal targeting year-end close
The government is aiming to close “fluid” negotiations for the Grand Lucayan’s sale by year-end, as its chairman hit out at the “shocking” state of Grand Bahama’s main airport.Michael Scott compared the facility’s current appearance to a “Red Cross r
Climate change concerns raised over Disney project
Scientists have said they are “most concerned” about Disney Cruise Line’s failure to-date to address climate change and Marine Protected Area (MOA) issues relating to its south Eleuthera project. Dr David Philipp, chair of the board of directors for
Tourism to 'come out swinging' during 2020
The Bahamas will “come out swinging next year” with new tourism promotions and initiatives as it continues to rebound from Hurricane Dorian’s devastation.Bridgette King, the Ministry of Tourism’s executive director of sales, outlined the country’s am
BPL: It's a 'go' for new generation
Bahamas Power and Light (BPL) yesterday said its new 132 megawatts (MW) of generation capacity “are go” after meeting its December 15 deadline to link them to the grid.Dr Donovan Moxey, BPL’s chairman, said the Wartsila engines “have been putting pow
Winterbotham takes BISX listings to 26
The Bahamas International Securities Exchange (BISX) has announced that another investment fund has been added to its roster of listings. The exchange said Providence Capital Fund, which is licensed under the Investment Funds Act 2003, has completed
GB airport awaits inspection today
The Government’s top aviation official says US regulators are expected to clear Grand Bahama International Airport to receive international flights following an inspection today. Algernon Cargill, pictured , director of aviation, told Tribune Busine
Airport bracing for 230k passengers
Lynden Pindling International Airport (LPIA) is aiming to make it feel like Christmas for the 230,000 passengers set to move through its three terminals over the next two-and-a-half weeks. “Based on historic passenger numbers this year and our initi
ISLAND INSIGHTS: Mayaguana eyed for shipping hub
As the search continues for new ways to grow the Bahamian economy, Mayaguana’s potential contribution towards its growth merits a closer look at. In the previous segment on Mayaguana, the island was described as a “blank slate” for investment. This a
Bahamas enjoying 'major' airlift growth
The Bahamas has seen “significant airlift growth” to Nassau and two other islands as its pushes its “open for business” message in the aftermath of Hurricane Dorian. Tyrone Sawyer, senior director of airlift development for the Ministry of Tourism a
High office, retail demand for $250m PI development
The developer behind Hurricane Hole’s $250m revival has fully leased all the office space in phase one of its project together with 80 percent of the retail units, it has revealed. Sterling Global Financial said the Paradise Island-based development
Restaurant gains $89k debt funding
A restaurant has obtained $89,000 in loan financing from the Bahamas Development Bank (BDB) after working with the Small Business Development Centre (SBDC).Owned by Kimberly Marshall, pictured, Dynasty Café is a soul food eatery that will serve break
'No clue' over $300 minimum wage hike
The Chamber of Commerce's top workforce specialist yesterday revealed he has "no clue" where the director of labour's assertions about a $300 weekly minimum wage originated from.
