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Central Bank takes $9m hit over abandoned HQ project
The Central Bank yesterday revealed it has been forced to write-off almost $9m after the project to construct its new Royal Victoria Gardens headquarters was abandoned, with further impairment charges likely in 2023.
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Royal Caribbean’s PI club in DEPP construction go-ahead
Royal Caribbean’s Paradise Island beach club was yesterday revealed to have passed another regulatory hurdle by obtaining a Certificate of Environmental Clearance (CEC) for the construction phase.
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AML: ‘Smaller’ stores are path to the future
AML Foods has signalled it paid $1.1m to acquire the future site of its Solomon’s Carmichael store and associated shopping centre as it revealed that “smaller footprint locations” will be its future format.
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Atlantis shop steward’s firing incites protests
The hotel union’s president yesterday said he expects the “law to take its course” as a small group of workers protested at the Department of Labour against Atlantis’ decision to fire a shop steward.
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Armed robbery accused admits to escaping custody at Southern police station last week
A MAN accused of robbing a web shop admitted yesterday to escaping the Southern Police Station last week.
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Bumper business for back-to-school
Barbers and beauty salon reported “great” business over the weekend for the back to school rush.
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Bahamian retailer in AI site upgrade
A Bahamian retailer says its newly-launched online shopping platform now features a chat services powered by artificial intelligence (AI) in a bid to improve customer service
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Vacation rentals ‘too hard’ is reputation to be avoided
The Bahamas must avoid earning “the reputation that it is too hard to do vacation rental properties” with all the extra tax and regulatory obligations it is imposing on the industry, an attorney warned yesterday.
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Biggest investment since Morton Salt for ‘decimated’ Long Island
The proposed $250m Long Island cruise port is being touted as the first “large-scale project” with “regenerative” potential to impact the southern Bahamas since Morton Salt arrived in Inagua almost 70 years ago.
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Exuma man accused of $3,000 shopbreaking spree remanded until trial
A MAN was denied bail after being implicated in a shop-breaking spree in Exuma where he allegedly stole more than $3,000 worth of goods.
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Web shop loses challenge over $1m Gaming Board ‘withdrawal’
A Bahamian web shop operator’s challenge to the Gaming Board taking $1m from its accounts to finance development of an industry-wide compliance and monitoring system has been rejected by a judge.
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Wendy’s chief on PI: ‘What’s all the fuss?’
The Wendy’s and Marco’s Pizza franchise principals “don’t understand what all this fuss is about” as they sought to argue why their Paradise Island restaurant project should receive planning permission.
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Govt considering another post office relocation
TRANSPORT and Energy Minister JoBeth Coleby-Davis said her ministry is considering a proposal to relocate the General Post Office to the former Independence Drive Shopping Plaza site.
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Retail’s extra ‘strain’ in Christmas run-up
Bahamian retailers say downtown closures, and a longer wait to clear key stock, are imposing extra “strain” on the “make or break” Christmas shopping season that has assumed greater importance this year.
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Man pleads not guilty to shop-breaking and vagrancy
A MAN was sent to prison after he allegedly attempted to break into a business on West Bay Street last week.
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Four men on bail for murder charged with spree of shop break-ins in Grand Bahama
FOUR New Providence men on bail for murder were charged on Monday with a spree of shop break-ins and stealing incidents on Grand Bahama.
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Web shops ‘carried’ gaming in COVID
A senior Gaming Board official yesterday hailed web shops for "carrying the industry" during the COVID-19 pandemic as no jobs were lost from the domestic sector.
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Sebas e-commerce platform launches courier services
The e-commerce provider owned by Sebas Bastian and his partners has confirmed its expansion into freight forwarding services via a sales tax-free US address.
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Union files dispute over Atlantis firing
A TRADE dispute has been filed over the dismissal of a chief shop steward by Atlantis, the director of Labour confirmed yesterday, who said that unions “did what they was supposed to do”.
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Quality of new surfaces and banks
Public Works … is anyone checking the quality of new surfacing? Airport Road passed the airport close to One West and the shopping centre to stop flooding they raised the road but what a finish … hope PWD doesn’t pay that contractor … the work has to be redone.
