Legal battle disrupts $2.8bn Ginn revival
A brewing legal battle has disrupted the $2.8bn revival of Grand Bahama’s former Ginn project and creation of up to 1,400 full-time Bahamian jobs, Tribune Business can reveal.
NIB in cash flow boost via $139m NAD refinancing
The National Insurance Board (NIB) will receive a cash flow boost in return for smoothing the $139.1m refinancing of Nassau’s airport operator, a Cabinet minister said yesterday.
Condo owners fearing 1,500 room night loss
The Old Bahama Bay resort faces “irreparable harm” through having to place 1,500 room night reservations “on hold” due to uncertainties over its imminent sale, its condo owners are alleging.
‘Leave no room for doubt’ that political parties in NPO bill
The Bahamas’ Transparency International affiliate has urged the Government to “leave no room for interpretation” on whether political parties are captured by the Non-Profit Organisations Bill.
Civil society fears bill’s ‘decimation’
Civil society groups have until this Saturday to provide the Government with their concerns over a Non-Profit Organisations (NPO) Bill many feel could “potentially decimate” this sector.
Jamaica the model for investment promotion
THE Government is planning to use the Jamaica Promotions Corporation (JAMPRO) as the model for investments promotions arm it wants to add to the Bahamas Investment Authority (BIA).
Airlift access hurts south Out Islands
The Bahamas must continue to promote itself as a multi-island destination and make all destinations easier and more affordable to access, one executive saying: “We know what the solution is”.
‘False victory’ in blacklist escape
The Bahamas will score a “false victory” if it avoids Europe’s latest “blacklist”, a former finance minister argued yesterday, as it represents another step in the “slow death” of financial services.
Non-profit ‘wipe out’ fear over new legislation
The Government was yesterday warned it will “wipe out” many non-profit organisations (NPO), and drive away valuable donations, through its new regulatory regime.
‘No deal breaker’ over landfill deal
The Government expects to close the New Providence landfill’s outsourcing “imminently”, a Cabinet minister revealed last night, adding: “There’s no deal breaker.”
Govt ‘dilemma’ over local FDI inclusion push
A Cabinet Minister yesterday said the Government faces a “dilemma” over whether it should intervene with foreign investors to secure Bahamian involvement on major projects.
Govt eyes Mayaguana for Panama Canal ‘port’
A Cabinet Minister yesterday said he intends to “push” for Bahamian involvement in designing, constructing and managing Nassau’s cruise port, while revealing that the Government is exploring the possibility of a port in Mayaguana.
Drive BISX forward by taking brakes off
Three months ago, I suggested that the Bahamas International Securities Exchange (BISX) remove the pricing restrictions that reduce trading in our local market.
Bahamas briefs Swiss, UK on financial sector
A Bahamian delegation has visited Switzerland and London to meet with institutions and intermediaries that play a key role in driving business to the Bahamian financial services sector.
Govt to ‘tremendously’ speed up build permits
The GOVERNMENT is pursuing an electronic platform to process building permit applications, a Cabinet minister said yesterday, in a bid to “tremendously” speed up approvals.
