$250m Hurricane Hole project to 'go vertical' by January 2019
A BAHAMIAN developer yesterday said it plans to “go vertical” on its $250 million Hurricane Hole redevelopment within 12 months, after completing the property’s purchase from Atlantis’s owner.Bill Green, president of Sterling Global Financial’s devel
Mortgage approval rate drops to 43%
MORTGAGE loan approval rates have been slashed in half to 42.6 per cent in just two-and-a-half years, highlighting the commercial bank retreat from the vital Bahamian housing market.Data produced by the Central Bank of the Bahamas’ research departmen
PM promises reforms for Business Licence
THE Prime Minister yesterday said the Government will allow companies to pay and renew Business Licence fees when their financial year ends, rather than the current end-March deadline.Dr Hubert Minnis, addressing a Bahamas Chamber of Commerce and Emp
IMAX 'Superplex' eyes April 20 open
CONSTRUCTION on the $42 million IMAX-centred Fusion Superplex will today “ramp up” to 24 hour shifts, with the all-Bahamian investor group behind the project eyeing an April 20 opening.Dominic Richards, the Atavus Group’s chief operating officer, sai
Bahamas 'a dinosaur in space travel age'
BAHAMASLocal.com’s top executive yesterday likened this nation to “a dinosaur in a space travel age” through the Government’s continued reliance on paper-based systems.Jason McDowall, head of a company now seeking to export the model it has pioneered
IAN FERGUSON: Labour specialists key to workplace harmony
MAINTAINING a strong relationship between employer and employee can be key to a company’s ultimate success. If such a relationship is in place, employees will be more productive, loyal, efficient and create less conflict. Yet for many years, even be
Sustainable Nassau targets $450m spend
THE ‘Sustainable Nassau Action Plan’ calls for $450 million to be invested in 10 projects across two decades, it was revealed yesterday, as communities were urged to play a greater role in solving their problems.Frankie Campbell, minister of transpor
Insurance Commission names Conduct chief
THE Insurance Commission of the Bahamas has named Tamika S. Dean as manager of intermediaries and its Market Conduct unit.Mrs Dean has more than 15 years in combined insurance industry and regulatory experience, having previously served as analyst/re
'Flagship' manager hits Scotia with $2.4m claim
Scotiabank (Bahamas) has been hit with a $2.4 million wrongful dismissal claim from an ex-manager of its “flagship” branch, who claims he was forced out after being identified as “a problem”.Darron Bowe, who headed its Rawson Square outlet, is allegi
Polymers urges: 'Jump onboard' with LNG first
POLYMERS International yesterday said it will reap “a return on investment within a year” from becoming the first Bahamian company to import liquefied natural gas (LNG) to run its processes.Greg Ebelhar, the Freeport-based industrial giant’s chief op
Minister 'detests' Contractor chief's talking through media
A CABINET Minister yesterday blamed the Bahamian Contractors Association (BCA) for the sector’s delayed regulation, saying he “detests” how its president is talking to him through the media.Desmond Bannister, minister of works, said the failure to im
NIB viability threat exposed by $13.4m 'deficit' on payouts
THE growing threat to the National Insurance Board’s (NIB) future viability has been underscored by the $13.4 million ‘deficit’ between income and benefits payouts in 2016.NIB’s annual report for that year, tabled in Parliament yesterday, revealed th
DPM: Blockchain could have halted Jean-Rony's exile
THE Deputy Prime Minister yesterday said blockchain technology can revolutionise the way business is done in the Bahamas, and pledged: “We can be the digital leaders in this region.”K P Turnquest, speaking at the opening of an Inter-American Developm
Two years for Credit Bureau to start work
A Bahamian credit bureau will take 18-24 months to become operational once supporting legislation is enacted, the Deputy Prime Minister said yesterday.During his contribution to the House debate on the Credit Reporting Bill and accompanying regulatio
'Hot shot' program stands test of time
CORELDRAW, still a ‘hot-shot’ program, was first released in January 1989, running on the Windows 2.x operating system. Today, the software is still used by many people, with the latest version primarily still designed for Windows. There were several
