‘Confused’ by $10m Bimini Bay verdict
An ex-Bimini Bay tenant has been left “very confused” by a verdict that permits the resort’s original developer to appeal the majority of a near-$10m damages award to the Privy Council.
Junkanoo Beach bidders revealed
The three Bahamian groups competing to upgrade and manage Junkanoo Beach all confirmed their interest when contacted by Tribune Business yesterday.
CLICO client: I thought we’d get funds ‘in months’
A prominent CLICO (Bahamas) client yesterday admitted he thought he would recover his full investment “in a matter of months” rather than the near-decade it has taken since its collapse.
National Trust still ‘refining’ Albany PPP
The BAHAMAS National Trust’s (BNT) executive director yesterday said it has been approached by several other potential private national park partners as it continues to “refine” its deal with Albany.
BNT: National Parks may double this year
THE Bahamas National Trust (BNT) yesterday said the number of national parks under its oversight could almost double within the next year, creating a variety of business opportunities.
Stagers ‘guarantee best ever’ business outlook
Organisers of the annual Bahamas Business Outlook (BBO) “guarantee” this year’s version will be the “best ever” through a speaker line-up focused on key national issues.
Ultra rich buyers hit town for PI auction
More than two dozen high-net worth individuals or their advisors are expected in Nassau today to preview two waterfront Paradise Island properties set to be auctioned later this month.
‘Phenomenal’ 16% air arrivals surge for Q1
Bahamian entrepreneurs have been urged to seize the moment and “grab a greater piece of the tourism pie” with projected air arrivals up 16 percent for three of 2019’s first four months.
Customs splitting ‘sheep from goats’ in courier industry
CUSTOMS’ roll-out of its new electronic platform has exposed several “rogue operators” in the courier sector, its top official saying: “The time has come to separate the sheep from the goats.”
Junkanoo Beach’s upgrade in ‘millions’
The Minnis Cabinet will “certainly” receive a recommendation in the 2019 first quarter on which of three bids is best-suited to take over Junkanoo Beach and invest “millions” in its upgrade.
Farmer crisis over BAMSI retail exit
BAMSI’s chairman has recommended that it should exit the retail business - despite one Bahamian farmer warning he will have to axe staff if this decision is executed now.
‘Deceived’ on $12m ankle bracelet deal
A Bahamian security firm says it was “deceived” by its foreign partners into unjustly parting with two-thirds of the $12m proceeds from the criminal ankle bracelet monitoring contract.
Ankle bracelet firm to ‘pursue’ ex-govt
A security firm’s principal says he intends to “pursue members of the former Christie administration” through the courts for “politically targeting” his contract to monitor hundreds of accused.
Taylor Industries: Insolvency forces 40 staff redundancies
Taylor Industries’ principals say three years of losses, combined with a harsh economic climate featuring escalating cost and tax hikes, gave them no choice but to close and lay-off 40 staff.
Joining WTO no ‘snap election’ style decision
The Bahamas must not treat WTO membership as “a snap general election decision” that can be reversed in five years’ time, private sector leaders warned yesterday.
