$41m instant financing for Disaster Relief Fund
The Prime Minister yesterday said reform of the dormant bank accounts regime will immediately release $41.3m to help create a Bahamian Disaster Relief Fund.
Hotel union urged: Don’t hurt ‘double digit growth’
The Minister of Tourism yesterday “implored” the hotel union not to undermine anticipated “double digit growth” for the key Thanksgiving and Christmas seasons with industrial action.
Bank beats $25m loan growth goal with ease
Fidelity Bank (Bahamas) yesterday said it is on course to increase full-year profits by ten percent after beating its $25m loan book growth target in just nine months.
‘Full probe’ urged into $36k attempt to ‘defraud govt’
The Auditor General has called for “a full investigation” into “a deliberate attempt to defraud the Government” of $36,000 by a Post Office employee in Mayaguana.
Tourism, beauty queen row over govt ‘shell game’
The Ministry of Tourism and ex-Miss Bahamas Universe, Khiara Sherman, pictured, have become embroiled in a new row over an alleged “shell game” involving other government agencies.
Western Air’s jet growth realised
Western Air yesterday revealed it has completed certification for the newly-acquired 50 seater jets that will drive its Caribbean expansion, an executive saying: “It’s been a long time coming.”
Bahamas must end ‘20 years’ of arbitration talk
THE world will not wait for The Bahamas to end “20 years of talk” and establish an international arbitration centre, a top QC said yesterday, with other jurisdictions having already bypassed it.
BAIC slashes financial bleeding by over $1m
The Bahamas Agricultural & Industrial Corporation (BAIC) cut its financial bleeding by more than $1m during the first nine months of 2018, with revenues from its Pop-Up Farmer’s Market growing five-fold.
BTC’s privatisation ‘a colossal failure’
The Bahamas Telecommunications Company’s (BTC) privatisation “has been a colossal failure”, a union leader blasted yesterday, adding: “Aliv’s eating our lunch with ease.” The Bahamas Telecommunications Company’s (BTC) privatisation “has been a colossal failure”, a union leader blasted yesterday, adding: “Aliv’s eating our lunch with ease.”
Winter tourism fears on union ‘work-to-rule’
Unionised employees were yesterday placed on “work to rule” at most of Nassau’s major resorts in a move likely to raise fears for this week’s key Thanksgiving holiday weekend.
Auto industry wants ‘more horses in race’
The auto industry has held talks with the Government about adjusting the 25 percent duty threshold to enable more dealers to have “a horse in the race”, it was revealed yesterday.
BTC hits ‘red line’ on client, value erosion
THE Bahamas Telecommunications Company’s (BTC) chief executive says the company has reached “the red line” on mobile subscriber loss and value, and is readying the fight back.
Dingman hit by $863k award on eatery collapse
A Lyford Cay resident’s former business partners have obtained a collective $863,000 default judgment against him over the collapse of his Nassau restaurant empire.
Flight Services comes alive with $200,000 deal
ALIV and Nassau Flight Services (NFS) yesterday announced a four-year partnership that will give the airport ground services provider upgraded communications services.
BISX offers platform for $35.5m in trades
The collective value of BISX-listed equities fell by 4.82 percent during the nine months to end-September 2018, producing a similar decline to that witnessed on major global stock markets.
