Crystal Palace set for demolition on Monday
Baha Mar’s owner and its contractor yesterday said they had received the necessary government approvals to demolish the former Crystal Palace resort and casino this coming Monday.A statement from Perfect Luck (No 2) Ltd, which is now owned by Hong Ko
Reformer concern: Accounts Committee loses fiscal bill role
Governance reformers yesterday expressed concerns that revisions to the Fiscal Responsibility Bill could weaken efforts to hold the Government accountable for breaching financial targets.The Organisation for Responsible Governance (ORG), which has le
IAN FERGUSON: Harnessing technology for tourism's advantage
The United Nations’ World Tourism Organisation (WTO) yesterday celebrated World Tourism Day under the theme, Tourism and the Digital Transformation. The Bahamas joined the commemorative event in a bid to create greater awareness of the role that tour
Disney: $400m spend to 'better' top location
Disney yesterday said Lighthouse Point will be transformed into its top global cruise destination through a $350-$400m “mutually beneficial” investment for Bahamians and passengers alike.Jeff Vahle, Disney Cruise Line’s president, told Tribune Busine
Govt debt just short of $8bn
The Bahamas’ national debt was just short of the $8bn mark at end-June, although its growth rate slowed significantly in a second quarter known for generating strong economic activity.The Central Bank of The Bahamas’ just-released report for the thre
Water Corp targets ‘half’ of $45m owed in mass disconnect
The Water & Sewerage Corporation yesterday warned it will launch a mass disconnection exercise next week in a bid to collect “nearly half” the $45m owed by deadbeat customers.
Disney feared for brand over project criticism
Disney Cruise Line’s president yesterday admitted it had been “bothered” by inaccurate criticism of its Lighthouse Point plans, which created fears of brand and “reputation” damage. Jeff Vahle, in an interview with Tribune Business, said the “only ac
Crypto balance must combat 'scam artists'
The Bahamas must strike a balance between facilitating initial coin offerings (ICO) and crypto currency exchanges and combating “scam artists”, a top accountant urged yesterday.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) preside
BICA president: Tell us what happened to national plan
A top accountant yesterday called for a “clear articulation” on the fate of the National Development Plan (NDP), given that many of its key architects have effectively been “redeployed”.Gowon Bowe, pictured, the Bahamas Institute of Chartered Account
Cruise line 'blown away' by maritime academy
A Royal Caribbean Cruises executive says he was “blown away” by the quality and breadth of the educational opportunities offered by the Bahamas-based LJM Maritime Academy.Russell Benford, one of the company’s vice-presidents, described the facilities
Niche markets, service to take Abaco to 'next level'
Abaco breached the 300,000 visitor mark for the first time in its history during 2017, ranking only behind Nassau for the number of tourists attracted to The Bahamas.Michael Pintard, pictured, minister of agriculture and marine resources, told the 15
Some Building Code standards ineffective
The Ministry of Works yesterday teamed with the Bahamas of Society of Engineers (BSE) for a seminar on modernising and upgrading the building code.Antoinette Thompson, the Ministry’s permanent secretary, said the Government is pursuing a number of in
Bahamas 'stands out' as major IFC
A Cabinet minister yesterday underscored the Government’s commitment to maintaining The Bahamas as a “clean, compliant and transparent” financial services centre.Brent Symonette, minister of financial services, trade and industry and Immigration, sai
'All homes benefit' if port wins expansion
All “homes across New Providence” will benefit if the island’s sole cargo port operator expands into Nassau’s cruise port and LNG bunkering, its top executive argued yesterday.Michael Maura, chief executive of BISX-listed Arawak Port Development Comp
$300k Memories guarantee creates Lucayan dispute
The Christie administration’s continued payment of $300,000 per month to Hutchison Whampoa, despite the Memories resort’s closure, is central to an ongoing dispute over the Government’s Grand Lucayan deal.Tribune Business can reveal that, as part of
