Bank of America hired to ‘explore Sandals options’
Sandals has hired Bank of America “to explore strategic options” amid a renewed push to have the Supreme Court appoint a Bahamian bank as ‘co-judicial trustee’ overseeing the resort chain.
Deltec slams ‘gamesmanship’ on ‘unlawfully withheld’ $20m
A Bahamian bank is accusing a global payments provider of converting more than $20m “misappropriated” from itself and its clients into crypto currency and transferring the funds to its own account.
Gov’t ‘within limits’ despite $140m Central Bank jump
The Government was yesterday said to be within its legal borrowing limits despite increasing its reliance on short-term Central Bank advances by $140m, or 72 percent, during 2024.
Clarify Grand Lucayan ‘ambiguity’ via Budget
The Government was yesterday urged to use the 2025-2026 Budget to clarify the “ambiguity” surrounding the Grand Lucayan deal and whether it has received the full $120m purchase price.
PM dodges queries over Grand Lucayan’s $120m
Prime Minister Philip Davis KC yesterday failed to confirm whether the Government has received the full $120m purchase price from Concord Wilshire to acquire the Grand Lucayan resort.
IAN FERGUSON: How summer interns can benefit business
As the school terms winds down and students sit examinations, businesses should now be considering how they will meaningfully engage high school and college students as interns and temporary employees.
Two islands hit with BPL power outages
Mayaguana and Harbour Island were both hit with island-wide power outages yesterday leaving businesses struggling to cope with serving their customers.
Potter’s Cay head praises electrification work moves
The head of the Potter’s Cay vendors association yesterday praised the progress in bringing electricity service to the destination, and added: “By September, the majority of the stalls will have electricity.”
Trade chief: Imports jump sign economy ‘expanding’
The Bahamas Trade Commission’s chairman yesterday said the 18 percent increase in imports for 2024 signals an economy that is expanding.
PM wants ‘generational’ shift over land reform
The government’s land reform legislation promises a generational shift in the management and security of land ownership in The Bahamas, according to Prime Minister Philip Davis.
$3.4m resort to help revive Cat Island
Developers of a new $3.4m development, set to open in Cat Island next month ahead of the island’s annual Rake and Scrape Festival, said the resort will play a key role in the island’s economic and cultural revitalisation.
Imports up and exports down according to latest figures
Net imports last year increased by 18 percent while exports fell by 6.4 percent, according to new figures.
Yntegra defends record amid claims of ‘misinformation’
THE Yntegra Group has hit out at what it claims is “misinformation” about the $200m Rosewood Exuma Resort project.
Legislation target ‘by end of year’ on health and safety regulations
LABOUR Minister Pia Glover-Rolle is seeking to enact into law recommendations on health and safety at work by the end of the year, according to a labour specialist.
Secret shoppers signed up to keep retailers at their best
The Consumer Protection Commission (CPC) has enlisted “secret shoppers” to gather information about retailers.
