US firm's 'holding pattern' after run-in with Customs
A US-based environmental firm working on Abaco’s post-Dorian clean-up yesterday said they were in a “holding pattern” over whether to stay in The Bahamas following a clash with Customs. Karl Dix, a representative for Ceres Environmental Services, to
$25m project to outsource Road Traffic Department
A Bahamian-led investor group says its revised $25m proposal to transform the Road Traffic Department and "bring The Bahamas up to international standards" will create 300 new jobs if approved.
Cruise port developer in $100m capital raise
The company charged with transforming Nassau’s cruise port into a world-class destination is quietly seeking to raise $100m from the Bahamian capital markets in a tightly-controlled private offering. Multiple Tribune Business contacts, speaking on c
BPL ‘making its crisis our crisis’
Bahamas Power & Light (BPL) is “making its crisis our crisis” by placing the burden of its $650m refinancing on the backs of consumers, a governance reformer has blasted.
11% booking gap 'rapidly closing'
The Bahamas is “rapidly closing” the 11 percent winter booking gap, a senior tourism executive says, with the country’s main promotion board enjoying a 24 percent rise in website “conversions”. Fred Lounsberry, president of the Nassau/Paradise Islan
Don't use Mortgage Corp to fund Dorian rebuilding
A former Bahamas Mortgage Corporation chairman has warned against it attempting to finance Hurricane Dorian housing and infrastructure renovations by issuing new bonds.Alex Storr told Tribune Business that the state-owned homes financier already has
Airport moves to counter Thanksgiving congestion
Private pilots and charters are being asked not to fly between 11am to 3pm over the Thanksgiving holiday in a bid to reduce traffic congestion at one-runway Lynden Pindling International Airport (LPIA). The Nassau Airport Development Company (NAD),
Bahamian law firm in Caribbean's 'top tier'
A Bahamian law firm has entered The Legal 500 Caribbean (2020) rankings as a “Top Tier” operation. Lennox Paton said its number of “recommended lawyers” in the guide has doubled this year from six to 12. It added that it was the only firm in The Bah
Airport targets upgrade in customer experience
Nassau Airport Development Company (NAD) executives recently met with more than two dozen retail and restaurant tenants in a bid to further improve the experience enjoyed by travelling passengers.The Lynden Pindling International Airport (LPIA) opera
Stem cell provider eyeing 'options' following Dorian
Freeport’s pioneering stem cell therapy provider is exploring “lots and lots of options” for its future after Hurricane Dorian’s devastation forced its continuing closure.Dr Vincent Burton, president and chief medical officer for the Okyanos Centre f
Govt sells PHA short by millions
The government’s failure to fund Cabinet-approved spending increases has consistently left the public healthcare system facing “significant budget shortfalls” amounting to annual eight-figure sums. Documents obtained by Tribune Business reveal how t
GB airport re-open awaits US approval
Grand Bahama International Airport missed the November 15 target date to re-open to international flights because it is still waiting for US regulatory approval, a Cabinet minister confirmed yesterday. Senator Kwasi Thompson, minister of state for G
'Put everything in the mix' on Dorian fall-out
The Bahamas must explore the removal of protectionist barriers to growth if it is to overcome its bleakest-ever fiscal position, a former finance minister urged yesterday.James Smith, also an ex-Central Bank governor, told Tribune Business this natio
Lucayan chair 'assured' of mid-December sale close
The Grand Lucayan’s chairman yesterday said he had been “assured” the resort’s sale, and associated harbour project, will be sealed by mid-December, adding: “I think we’re finally getting to the end.” Michael Scott, pictured , told Tribune Business
Hospital computer firm insists - we did our job
The US company selected to deliver the “crashed” $18m Public Hospitals Authority (PHA) contract yesterday appeared confused about its client’s identity as it defended its performance.
