Royal Caribbean PI IPO to ‘slip’ into third quarter
Royal Caribbean yesterday duelled with a Bahamian entrepreneur over how many foreign construction workers are employed on its Paradise Island project while disclosing that its planned share offering will likely “slip”.
Minister says URCA approved BPL non-competitive bidding
A Cabinet minister yesterday said the energy sector regulator approved the use of non-competitive bidding for the outsourcing of Bahamas Power & Light’s (BPL) generation and electricity grid functions.
FNM deputy seeks answers on SpaceX’s environmental impact
Shanendon Cartwright, the MP for St Barnabas raised concerns about the SpaceX rocket booster landing in the Bahamas in Parliament yesterday, noting a lack of public information surrounding the environmental assessment for the initiative.
Cable chief meets with leading US diplomats
Cable Bahamas’ top executive has met with senior US diplomats to explore potential areas of co-operation.
‘You’ll never claw back’: Deficit five times’ target
The Opposition last night charged that “the Bahamian economy has never performed so aggressively as to wipe out a $300m shortfall” after the Government unveiled a deficit over five times’ its full-year target.
Atlantis drops legal appeal over Wendy’s PI restaurant
Wendy’s last night said it is tasting success in its “long and hard-fought battle” to expand to Paradise Island after Atlantis agreed to drop its Supreme Court challenge to the proposed restaurant.
Deltec close to settling $13.475m US Justice Department dispute
A Bahamian bank is close to resolving its dispute with the US Justice Department over the ownership of $13.475m that was seized by the federal authorities for allegedly being generated by a massive fraud.
Ex-MP blasts sewage woe at North Eleuthera Airport
A former MP yesterday blasted the sight and smell of raw sewage that he says greets Bahamian travellers and tourists when walking between terminals at North Eleuthera’s airport.
Bahamas’ total debt now exceeds $13bn
Total Bahamian public sector debt grew by $312.8m over the previous year to exceed $13bn at end-December 2024, it was revealed yesterday, “driven” almost entirely by central government borrowing.
Bahamas’ annual inflation in greatest fall for three years
The Bahamas’ monthly inflation rate enjoyed its first decline for four months in November 2024, it was disclosed yesterday, while the annual version also fell for the fifth straight month.
Public transport Wi-Fi link-up billed as cutting data costs 90%
The Bahamas Telecommunications Company (BTC) yesterday unveiled a partnership to provide free wireless Internet service on 150 buses and taxis and slash their ‘unlimited data’ costs by 90 percent.
‘Unjust disadvantage’ for Bahamian airlines
A senior aviation executive yesterday warned Bahamian airlines and charters will be placed at “an unjust disadvantage” by six-fold and greater fee increases proposed for this nation’s air navigation services regime.
Commission to gain $10m for protecting FTX assets
The Supreme Court has approved a $10m payment to the Securities Commission to compensate for safeguarding assets belonging to FTX victims in the wake of the crypto exchange’s November 2022 collapse.
Freeport’s Bazaar awaits update on Gov’t purchase
One of the International Bazaar’s 13 owners yesterday said it is awaiting an update on efforts to sell the property from the Government’s attorney, and added: “We’ve lost millions of dollars in that investment.”
Norman’s Cay ‘sold out’ on SpaceX’s booster landing
A former Bahamian rocket scientist with NASA yesterday asserted that “Norman’s Cay is sold out” with other nearby destinations also fully booked ahead of today’s SpaceX rocket booster return.
