Sebas: 'I smell a rat' - Threatens legal action over $50m project stall
Sebas Bastian’s property development arm is threatening to sue the Ministry of Works over “discriminatory and biased treatment” of its $50m corporate office project.The Island Luck chief’s Veridian Development Group on Wednesday issued the Ministry,
'Huge step' for oil exploration 'game changer'
An oil exploration “game changer” for the Bahamas took “a huge step forward” yesterday with the signing of a three-month exclusivity deal on a drilling joint venture.Simon Potter, the Bahamas Petroleum Company’s (BPC) chief executive, told Tribune Bu
Island Luck chief: It's 'stifling growth'
Sebas Bastian yesterday said he “smells a big fat rat” over the enforced eight-month halt to his $50m project, with the delay highlighting how Bahamian economic growth “is stifled”.The Island Luck chief told Tribune Business it was “little wonder inv
Gov'ts Pointe findings branded as 'hogwash'
The Bahamian Contractors Association’s (BCA) chief yesterday blasted as “hogwash” the Government’s finding that The Pointe is not in breach of its Heads of Agreement on labour ratios.Leonard Sands, the BCA’s president, rejected “outright” both China
New Gov't Securities Depository by year-end
The Central Bank expects to have a new Central Securities Depository (CSD) ready by the 2018 fourth quarter as part of an overhaul of the Government’s debt management practices.The regulator’s 2017 annual report said a review conducted by the Commonw
Carnival bands president supports 'hands off' Gov't
Carnival band owners have seen “pretty good” sales ahead of this year’s festival, Association (BCBOA) president Dario Tirelli said yesterday, describing the Government’s non-involvement as a “positive change”.Mr Tirelli, head of the Bahamas Carnival
Super Value chief: 'We're not in bad egg business'
Super Value’s owner yesterday moved to ease consumer concerns following a voluntary recall of eggs produced by US-based Rose Acre Farms, saying: “We’re not in the bad egg business.”Rupert Roberts, pictured, told Tribune Business: “We get the same bra
Business owners must not forget personal 'finish line'
Most persons aspire to one day own and operate their own business. As one looks at the profile of successful business owners, they tend to be smart, hard-working, tenacious and highly-focused individuals who, despite all odds, overcome the many chall
Banks Association meets with BOB
Executives of the Caribbean Association of Banks (CAB) recently called on Bank of The Bahamas to discuss plans for its upcoming conference in the Bahamas later this year.Mary Popo, the Association’s general manager, and directors met with Vanessa Tay
Signed and sealed – Freeport jobs boost
The Government’s mission to establish a Grand Bahama “technology hub” yesterday received a major boost from an investor pledging an annual $50m economic impact by 2020.
DPM 'not resting on laurels' with deficit on target
The Deputy Prime Minister yesterday said the Government is “not resting on our laurels” over a “stubbornly” high fiscal deficit, despite forecasts it is on track to hit its 2017-2018 fiscal targets.K P Turnquest, pictured, told Tribune Business that
'No intention' of making owners registry public
The Government yesterday said it has “no intention” of creating a public Beneficial Ownership Registry, or using the issue for regulatory arbitrage, amid rising pressure on The Bahamas’ rivals.K P Turnquest, the Deputy Prime Minister, told Tribune Bu
LPIA departures hit 10-year high
First quarter departure traffic from Lynden Pindling International Airport (LPIA) surged to its highest level for ten years, the Central Bank has revealed, adding to improving economic confidence.The regulator, in its assessment of economic developme
Contractors chief: Redo The Pointe deal if breached
The Government should renegotiate The Pointe deal if the developer has not met the $200m project’s prescribed ratio of Bahamian labour, the Contractors Association’s (BCA) president said yesterday.Speaking at the BCA’s monthly luncheon meeting, Leona
Bahamas 'racing' to protect its industries for WTO accession
The Government must enact policies to protect Bahamian businesses once this nation joins the World Trade Organisation (WTO), the Bahamian Contractors Association’s (BCA) president said yesterday.Acknowledging that the WTO “is not a bad thing”, Leona
