Lucayan chair: 'Do you want another Oasis?'
The new Grand Lucayan Board will meet this morning to determine if a hotel operator is needed, its chairman asking critics of the Government’s deal: “Do you want another Royal Oasis?” Michael Scott, also chairman of the Hotel Corporation, told Tribun
Works ministry can't save developer held in contempt
The Philip Davis-led Ministry of Works’ failure to follow the law means that a Rum Cay developer has no protection against claims he is in contempt of court, a judge has ruled.Justice Rhonda Bain, in an August 16, 2018, ruling found that David Cummin
Minister reviews 250 job biomass plant proposal
A Cabinet minister has reviewed a Bahamian start-up’s proposal to create up to 250 jobs through an Abaco-based biomass plant that will generate 24 megawatts (MW) of energy.Michael Pintard, newly-appointed minister of agriculture and marine resources,
Natural resources group challenges $2.5m royalty for aragonite mining
A Bahamian natural resources lobby group believes the Government can reap more than $2.5m a year from aragonite royalties, and urged it to publicly disclose all economic impact studies.Dana Munnings, an attorney and president of The Bahamas Natural R
Bahamas contests top family, regional award
The Bahamas has been chosen as a finalist for the Best Caribbean and Family Destination categories in AFAR magazine’s travel awards.This nation is going up against the British Virgin Islands; Saint Lucia; Bermuda; Antigua and Barbuda; Cancun/Riviera
80 Bahamians buy into crypto start-up
BAHAMIANS are “eager” to explore cryptocurrency opportunities, a local businessman says, suggesting this was highlighted by 80 locals purchasing tokens from a cryptocurrency start-up’s Australian offering last week.Wayne Johnson, who with Parrish Sim
Grand Lucayan deal is ‘economic suicide’
The Government’s $65m Grand Lucayan purchase was yesterday branded “economic suicide” by a Freeport-based QC, who warned: “The Bahamian people will pay dearly for decades.”
Ex-BREA chief eyes $45-$50m govt lot boost
An ex-Bahamas Real Estate Association (BREA) president is anticipating a $45-$50m economic boost when the Government releases 300 more plots into its low-cost serviced lots initiative.Pat Strachan, pictured, told Tribune Business he had been informed
'Cart before horse' on Grand Lucayan
THE DNA’s ex-leader yesterday said government was “putting the cart before the horse” by acquiring the Grand Lucayan, as potential buyers will be deterred by Freeport’s economic plight.Branville McCartney told Tribune Business that the Minnis adminis
BICA chief: Cut external debt to 25%
The Bahamas must cut its external borrowings to 25 percent of total debt, a top accountant urged yesterday, warning that this nation is “not out of the woods” with the credit rating agencies.Gowon Bowe, the Bahamas Institute of Chartered Accountants
Bahamas-bound banker’s guilty plea to $1.2bn scam
A Bahamas-bound private banker has pled guilty to his role in a $1.2bn money laundering scheme that sparked an investigation by local financial services regulators.
Realtor upgrades to 4k video showings
Damianos Sotheby’s International Realty yesterday announced its website has been upgraded to support 4K video on its property detail pages.The Bahamian real estate firm said the feature will now be rolled out through its entire website, SIRbahamas.co
Bran: 'Nothing new except tax increases'
THE Democratic National Alliance’s (DNA) former leader yesterday said Moody’s recent Bahamas assessment was “no real surprise”, arguing: “There’s nothing new except taxes.”Branville McCartney told Tribune Business that “I expected nothing different”
IAN FERGUSON: Don't be a doormat for weak managers
Persons are promoted for their loyalty, connections or technical strength, rather than an ability to lead a team and process, far too often in this corporate environment. This usually results in unnecessary workplace friction and, sometimes, office m
Sun Oil: 'Swift action' over Exuma spillage
Sun Oil yesterday said it had taken “swift action” to contain and remediate the diesel fuel spillage that contaminated the marina at Exuma’s Emerald Bay Resort.The company, a subsidiary of BISX-listed FOCOL Holdings, said it would co-operate fully to
