Port bidder: ‘Majority’ of $250m for Bay St
A Nassau cruise port bidder yesterday pledged that the “majority” of its $250m investment will be spent outside Prince George Wharf to help bring Bay Street “back to life”.
‘Fairly managed’?: Only if cruise port is independent
Nassau needs an independent port operator to “manage it fairly” and maximise the economic benefits from the cruise industry’s rapid expansion, one bidder argued yesterday.
$225m cruise bid: ‘Everybody wins’
Another Nassau cruise port bidder declared its hand yesterday by pledging the facility’s $225m transformation into the “Gateway to the Caribbean” under majority Bahamian ownership.
Christmas miss on CLICO payout
CLICO (Bahamas) clients are unlikely to receive a much-needed Christmas gift after a top government official yesterday confirmed their latest payout is unlikely to be made in time.
Cruise bidder plans ‘biggest offering in Bahamian history’
A Nassau cruise port bidder yesterday said it its targeting “the biggest offering in Bahamian history” by giving 20,000 locals a chance to own a piece of its $250m project.
S&P: ‘Reforms will take time to pay off’
The Government last night hailed its success in breaking “the perpetual cycle of credit rating downgrades”, despite Standard & Poor’s (S&P) warning its reforms will “take time to pay dividends”.
Bay St ‘survival’ fears over cruise industry port bid
A former downtown Nassau retailer yesterday expressed concern that many remaining businesses may not “survive” if the cruise line-backed bid to take over the port is successful.
‘Not out of woods’ on financial crime rating
The Bahamas cannot afford to “prematurely celebrate” its upgraded compliance with global anti-financial crime standards when it remains on two “watch lists” and under “enhanced” scrutiny.
Private sector not against regulation - just its inefficiency
Bahamian businesses are not opposed to regulation, just its inefficiencies, two private sector leaders have told Tribune Business.
Fishermen seek ‘pick-up’ despite poaching threat
BAHAMIAN fishermen have begun to finally see a “pick-up” in their harvest this crawfish season, a top executive said yesterday, warning that poachers “aren’t easing up” and have changed their tactics.
Bahamas on track through rail link-up
The Bahamas has ramped up its tourism marketing efforts in Florida through a partnership with Brightline, the high-speed rail system that connects major cities in the Miami area.
‘First batch’ of SMEs progress to funding
SOME seven small and medium-sized businesses have seen their plans progress move forward for funding so far, the Small Business Development Centre’s (SBDC) principal said yesterday.
Designers named for $500m project
A Princeton architectural firm yesterday said it has been selected to design the revival of Port St George, the $500m investment project proposed for Long Island.
GB resort targets March for 50% room renovation
Grand Bahama’s Pelican Bay resort plans to complete the renovation of half its room inventory by mid-March 2019 after investing $4m to finish 45 units in time for Christmas.
US, UK warnings end on ‘great leap forward’
The Attorney General yesterday expressed hope that the US and UK will “withdraw or soften their advisories” against The Bahamas after its “great leap forward” in fighting financial crime.
