Govt 'fully draws down' $190m loan
The government has “fully drawn down” a $190m syndicated loan led by Royal Bank of Canada (RBC) that will finance post-Hurricane Dorian reconstruction, it was revealed yesterday.Marlon Johnson, the Ministry of Finance’s acting financial secretary, to
MP 'stands' with residents over Woodlawn Gardens
Marathon’s MP yesterday hailed the “courage” of his constituents in alerting the authorities to Woodlawn Gardens Cemetery’s expansion, and said: “We stand with them to ensure full compliance.” Romauld Ferreira, who is also minister of the environmen
Marijuana advocates shift focus to regulation
Bahamian advocates for cannabis legalisation say their focus has shifted from changing the law to how the industry should be regulated.The Bahamas Cannabis Research Institute (BACARI), headed by Terry Miller, recently held a series of panel discussio
Bahamas urged: Use 'rule of law' fall as opportunity
The Bahamas’ two-spot fall in the 2020 World Justice Report’s (WJP) Rule of Law Index represents an opportunity “to gain credibility”, governance reformers argued yesterday. Matt Aubry, the Organisation for Responsible Governance’s (ORG) executive d
Maritime Authority takes tax contribution to $96m
The Bahamas Maritime Authority (BMA) took its two-decade contribution to the Public Treasury to near-$96m following its last financial year in which total comprehensive income rose by 8.7 percent.The authority’s annual report for the year to end-June
Ministry buries cemetery expansion plan (for now)
A Nassau cemetery's expansion plans have been hit with a government-imposed "stop order" following a furious backlash from residents of neighbouring communities.
PI entrepreneur: PM gave me assurance
A Bahamian entrepreneur yesterday said he was “assured” by Dr Hubert Minnis that his $2m Paradise Island project would not be “compromised” in favour of Royal Caribbean (RCCL).
'No industry immune' from the coronavirus
A prominent Bahamian realtor yesterday argued that “no industry is immune” from the coronavirus fall-out, with his sector “as vulnerable as any” to the ongoing outbreak and related panic.Mario Carey, principal of Better Homes and Gardens Real Estate
BTC blames parent for non-compliance 'beyond our control'
The Bahamas Telecommunications Company (BTC) has blamed its immediate parent for regulatory breaches caused by changes to its TV line-up that were “beyond its control”. The carrier said the “ultimate break down” of contract negotiations between Cabl
Bahamas on cusp of recession, says ex-finance minister
A former finance minister yesterday argued that The Bahamas stood on the threshold of another recession with the coronavirus likely “to knock a few more points of our GDP”. James Smith, pictured , also an ex-Central Bank governor, told Tribune Busin
BAIC project assesses waterway re-opening
THE BAHAMAS Agriculture and Marine Science Institute (BAMSI) is executing a long-term research initiative at London Creek in North Andros.The project will examine the flow of water through the London Creek ecosystem, which was interrupted by the cons
Bahamian gas prices in 60-day wait on oil drop
Bahamian gasoline prices could take 60 days to decrease in line with the plunge in global oil prices, a top local executive said yesterday. Keith Glinton, regional manager for Sol Petroleum (Bahamas), the Esso distributor, told Tribune Business: “I
Bahamas present for top dive show
Private and public sector executives represented The Bahamas at a major diving event staged in the UK. Iain Rodgers, senior marketing manager from the UK-based Bahamas Tourism Office, attended the Go Diving 2020 trade and consumer show that was held
NIB director refutes smart card 'shortage'
The National Insurance Board (NOB) yesterday said it is “always seeking” to make smart card renewals faster as it denied suggestions this process has suffered shortages or delays. Dr Nicola Virgill-Rolle, NIB’s director, reiterated that “there is no
Bahamian real estate to be 'stable for years'
A prominent Bahamian realtor yesterday voiced optimism that the Bahamian high-end real estate market will be “stable for years to come” given the country’s sound economic fundamentals. George Damianos, pictured , Damianos Sotheby’s International Rea
