$1m start-up fund shortlists four bids
A $1m fund established by the Bahamas Striping Group of Companies will this week begin interviews with shortlisted entrepreneurs seeking to access its funding.
Govt deal increases start-up funds to $9m
BAHAMIAN entrepreneurs were yesterday urged to “think big” and target the export market, after the government signed a deal that increases their available funding pool to $9m.
Local realtor marks its 70th anniversary
Bahamas Realty is marking its 70th anniversary this year, celebrating $10bn in property sales over a history so long it predates the birth of its own chief executive.
Morton Salt union says ‘no slowdown’
THE union representing Morton Salt Bahamas line-staff yesterday rejected suggestions it had instigated a worker “slowdown” after the company issued warning letters to three of its employees.
GAME CHANGER: Cabinet studying ‘mega deal’ for port and Lucayan
Freeport's economy "won't look back" if Royal Caribbean's partnership with a Mexican group to develop mega cruise berths and buy the Grand Lucayan succeeds, Tribune Business can reveal.
RoyalFidelity targets 10% asset growth after buyout
RoyalFidelity’s president yesterday said he hopes its management-led buyout will provide a springboard for immediate Caribbean expansion and ten percent assets under management growth.
Fidelity eyes ‘$7.5m-plus’ profit boost in affiliate exit
Fidelity Bank (Bahamas) will enjoy a $7.5m-plus profit “boost” for 2019 as a result of selling a 50 percent equity stake in its investment banking affiliate, it was revealed yesterday.
Sky’s $500,000 damages battle restored by court
Sky Bahamas’ bid to challenge almost $500,000 in damages awarded to a rival Bahamian airline has been reinstated by the Court of Appeal.
Lucayan managers ‘optimistic’ over payout resolution
A trade union leader yesterday said the Grand Lucayan’s managers are “optimistic” that their voluntary separation packages will be finalised shortly once the prime minister addresses their proposal.
Obie: Oban caused Carnival port move
A former tourism minister yesterday expressed hope that Carnival’s $100m cruise port investment will attract other investors to Grand Bahama, while lamenting the project’s relocation.
Ex-minister challenges Grand Lucayan value
A former tourism minister yesterday queried whether the government is getting “value for money” over its Grand Lucayan purchase, stressing that securing the right brand was critical to revive the resort.
Regulator unveils its examination priorities
The Securities Commission yesterday announced that its 2019 licensee examination priorities are anti-money laundering compliance and the appropriate risk-rating of clients.
Chamber: Bahamas Ferries threatening ‘boating capital’
The Abaco Chamber of Commerce yesterday urged the environment minister to intervene amid fears Bahamas Ferries’ new service is endangering the island’s “boating capital” status.
Carnival cruise port to create 1,000 jobs
The relocated Carnival cruise port will create up to 1,000 jobs and become the company’s largest such facility in the world, the prime minister said last night.
Digital B$ pilot to ‘crystallise’ in ‘19
The Central Bank is aiming to “crystallise” its strategy for a digital Bahamian dollar test project before year-end 2019, its governor revealed yesterday.
