BISX announces three new funds
THE Bahamas International Securities Exchange (BISX) announced that three new investment funds sponsored by Witherbotham Trust Company Ltd, along with one with sub-fund, have successfully completed the BISX mutual fund listing process and have been l
Government continues to monitor oil spill at Equinor
THE government continues to monitor the oil spill at the Equinor, South Riding Point Oil storage facility on Grand Bahama.The National Oil Spill Contingency Advisory Committee, consisting of a cross-section of industry stakeholders, has been appointe
Freeport ice maker hopes to be back in business soon
CROWN Ice and Refrigeration in Freeport, a subsidiary of Northwestern Manufacturing, has announced that the company is still unable to open for business post-Hurricane Dorian.However the company hopes to be back in business as soon as possible. In a
S&P gives Bahamas major post-Dorian lift
Standard & Poor’s (S&P) has given The Bahamas a much-needed post-Dorian boost by asserting that this nation is “well-positioned to handle the fall-out” from the category five storm.
Dorian restoration has 'nation's fiscal future in its hands'
Government officials managing the Hurricane Dorian recovery efforts “have the fiscal success of the country in their hands”, a prominent governance reformer has warned.Robert Myers, the Organisation for Responsible Governance’s (ORG) principle, told
Deep Water Cay close, deals east GB harsh blow
East Grand Bahama’s economy has been dealt a devastating blow after Deep Water Cay yesterday said it had no alternative but to cease operations with Dorian clean-up alone to cost $1m.The renowned bonefishing lodge, whose owners have invested some $44
Sarkis blasts CCA for 'cherry picking' legal arguments
Sarkis Izmirlian has accused Baha Mar’s main contractor of “cherry picking” and “distorting” legal quotations to underpin its “shareholder oppression” counter-claim against him.Baha Mar’s original developer, and his BML Properties vehicle, are allegi
Consumers warned on plastic bag levy
Consumers have been reminded that Bahamian businesses will be required to charge them a minimum 25 cents per bag for using single-use plastic bags from January 1, 2020.The levy is mandatory under Section 8 of the Environmental Protection (Control of
Disney delivers kits to victims of Dorian
Disney Cruise Line members have assembled more than 1,500 Clean the World personal hygiene kits to assist Bahamian victims of Hurricane Dorian. The Disney Dream delivered the kits to Nassau where they were distributed to shelters for hurricane evacu
Law firm adds two partners
Delaney Partners has announced the appointment of Lena Bonaby and Sofia Papageorge as partners of the law firm with effect from October 2019.Ms Bonaby is part of the firm’s complex litigation, insolvencies and corporate restructuring team. She has se
Insurer 'praying' Abaco 90% paid in six months
A top Bahamian insurer was yesterday “praying” that 90 percent of Abaco’s Dorian-related claims will be paid out within the next six months given the scale of the island’s devastation. Anton Saunders, RoyalStar Assurance’s managing director, told Tr
Port Lucaya chief: ‘Open in three weeks for safe buildings’
Port Lucaya Marketplace’s tenants and vendors yesterday yesterday received a boost after its owner pledged that all buildings deemed structurally safe will start to “re-open three weeks from today”.
Bahamas-based oil explorer sees 4bn barrel upside
A Bahamas-based oil explorer was yesterday forced to deny it plans to raise further equity financing from institutional investors as interest in its 2020 drilling plans continues to ramp up.
Lucayan chairman backs govt GB airport control
The Grand Lucayan’s chairman yesterday backed calls for the government to take over ownership of Grand Bahama International Airport from Hutchison Whampoa and the Port Authority.Emphasising that it was his personal opinion, and not government policy,
Activists blast no warning on ‘green’ bills
Several prominent activists yesterday denied they had been consulted on the environmental legislation tabled in the House of Assembly, and accused the government of exploiting Dorian.
