Dorian leaves 3,000 homes ‘uninhabitable’
Hurricane Dorian left almost 3,000 homes “uninhabitable”, a newly-released report has revealed, as it inflicted $1.487bn worth of damage on the housing sector in Abaco and Grand Bahama.
Arawak port beats profit target by 23%
The Nassau Container Port’s (NCP) operator has beaten its first quarter profit target by 23 percent despite forecasting that full-year net income will be $763,155 less than it achieved in 2019.
Private sector sees $1bn Dorian blow
The Bahamian economy’s productive sectors have suffered a combined $621m damages from Hurricane Dorian, a newly-released report has revealed, with tourism sustaining a half a billion dollar blow.
Millions lost in computer fiasco: PLP’s failed deal to digitise vital patient records
A FURIOUS legal battle is brewing over an $18m Public Hospitals Authority (PHA) contract that a Cabinet minister admitted has “crashed” and delivered zero value for taxpayers and patients alike.
Harbour Island project boss sues for $1m
A bitter $1m legal battle has erupted between the developer of a controversial Harbour Island marina and its former project manager who has a history of convictions and run-ins with law enforcement.
BTVI exposes students to further opportunities
The Bahamas Technical and Vocational Institute (BTVI) has held a college fair to enable students to explore further education opportunities available upon completion of their studies.
Bahamas: 90% of diving sector withstood Dorian
The Bahamas delivered the message that 90 percent of its dive industry remains operational post-Dorian when the Ministry of Tourism and private firms attended the sector’s largest trade show.
Agencies team on cascarilla industry
Government agencies have allocated some $200,000 to hep stimulate the creation of a cascarilla industry in the southern Bahamas using the co-operative model.
‘Shock’ over Freeport retailer closure claims
Executives at a major Freeport hardware store have revealed they were “just as shocked as anyone else” to hear “rumours” of its demise following the hit from Hurricane Dorian.
Outsourcer expands via 30% equity sale
A Caribbean business process outsourcer, which has an operation in Freeport, has sold a collective 30 percent equity stake to two Jamaican private equity firms to help finance further regional expansion.
$30m smart meters will help monitor BPL's bills
Bahamas Power & Light (BPL) will invest $30m in rolling-out Advanced Metering Infrastructure (AMI) that it sees as critical to slashing delinquent private sector debts, its chairman revealed yesterday.
Bahamas is 'so far behind curve' on renewable goal
The Bahamas faces a “tall order” to meet the National Energy Policy’s 30 percent renewable energy penetration by 2030 goal because it is “so far behind the curve”, a local provider warned yesterday.Guilden Gilbert, vice-president of Alternative Power
Union seeking 'seat at table' on CIBC deal
Union leaders have written to the government seeking a “seat at the table” over the approval of CIBC FirstCaribbean’s majority sale to a Colombian-headquartered financial group.Teresa Mortimer, the Bahamas Financial Services Union’s (BFSU) president,
Follow CIBC lead on BOB, ex-FNM chair tells govt
A prominent Bank of The Bahamas shareholder yesterday urged the government to follow CIBC’s lead and “be more aggressive” in seeking to exit its 82.6 percent majority ownership of the lender. Darron Cash, the former Free National Movement (FNM) chai
Long Island eyed by cruise ships
Long Island is being eyed as “a preferred cruise ship destination” by two operators, its MP revealed yesterday, with vessels set to make four calls in 2020. Adrian Gibson, also executive chairman of the Water and Sewerage Corporation (WSC), told the
