Disney project hailed as ‘start of new era’
Disney’s $250-$400m Lighthouse Point project was yesterday hailed as the “beginning of a new era” by South Eleuthera’s MP despite activists’ concerns over a “secretive” deal.
Central Bank to host blockchain seminar
The Central Bank of The Bahamas will next Monday host its second Blockchain seminar as part of its continuing drive to modernise The Bahamas’ payments system.
Financial services looking past challenges to future
The Bahamas Financial Services Board’s (BFSB) annual International Business & Finance Summit (IBFS) explored both potential growth possibilities and the impact of regulatory changes.
Ex-boss ‘robbed’ ferry firm of Bahamas route
The former chief executive of Balearia Caribbean must pay his ex-employer $2.844m in damages for effectively stealing the Resorts World Bimini ferry contract from under them.
Royal Caribbean targets western Paradise Island
Royal Caribbean Cruise Lines (RCCL) is acquiring real estate at Paradise Island’s western end in a bid to develop what is thought to be a “getaway destination” for its passengers.
WTO tariff cut fears for ‘40,000 Bahamian jobs’
Local contractors have voiced mixed reactions to fears that a WTO-induced 50 percent tariff rate cut on pre-fabricated buildings “puts 40,000 Bahamian construction jobs at risk”.
Galleria’s copyright fight to Privy Council
Galleria Cinemas has won permission to appeal a judgment, which its attorney says threatens to “stagnate” the Bahamian creative economy, to the London-based Privy Council.
Taxi drivers meet on cruise port overhaul
Taxi drivers last week met with the preferred Nassau cruise port bidder and Downtown Nassau Partnership (DNP) to discuss Prince George Wharf’s impending redevelopment.
Bank conference focuses on technology disruption
A Bahamas-based financial services provider has hosted a conference analysing how technology advances have the potential to transform every economic sector.
Sterling names wealth management unit head
A Bahamas-based financial services provider with $9bn in assets under management has named Patrick Milot-Daignault as head of its wealth management unit.
Bahamian destination manager wins award
Cacique International, the Bahamian destination management company (DMC), has been named as a BI WORLDWIDE Inspirational Partner for 2018.
Cruise line: 2,000 jobs in Grand Lucayan offer
A top Royal Caribbean executive has confirmed it is working with Mexican port developer, ITM Group, on a proposal to redevelop the Grand Lucayan that could create 2,000 jobs.
US probe threat to 60 Bahamian jobs
The principal of a Bay Street-based broker/dealer is seeking a court injunction to halt a probe by US federal regulators that threatens up to 60 Bahamian jobs.
QC: Commercial enterprises act ‘too restrictive’
An outspoken QC yesterday warned that the Commercial Enterprises Act is “too restrictive” and needs to be expanded if Freeport is to become a true “technology hub”.
IMAX executive: Bahamas is ‘most restrictive market’
A Fusion Superplex executive yesterday branded The Bahamas as “the most restrictive banking market I’ve ever seen”, forcing investors to “think outside the box” for project financing.
