US Ambassador: Drop China deal
THE US ambassador to The Bahamas yesterday argued that the terms of the $195m Chinese financing for New Providence’s second hospital are not “in the best interests” of this nation and pledged that the Trump administration will “help secure a better deal”.
Lucayan staff five weeks’ unpaid for a second time
Grand Lucayan staff have gone five weeks without pay for a second time, it has been confirmed, with the resort now owing a total $17m to its Bahamian and international suppliers and other creditors.
Medical practice halting NHI laboratory services
A prominent medical practice yesterday confirmed that it will halt the provision of laboratory services to National Health Insurance (NHI) patients with effect from February 15 but denied this was due to non or late payment by the Government-run scheme.
Corporate income tax must be made simple
Bahamian companies yesterday said they are open to replacing the existing Business Licence fee regime with a corporate income tax provided the latter is properly implemented.
Cyber threat alert for Bahamas energy grid
FOCOL Holdings’ top executive last night warned of the cyber threats facing The Bahamas’ energy grid and electricity infrastructure as they become increasingly digitised.
BTC parent’s chief says: Turn connectivity into our prosperity
The head of the Bahamas Telecommunications Company’s (BTC) immediate parent company has called for regional leaders to team with regulators and the private sector to convert improved connectivity into tangible, measurable prosperity for the Caribbean.
Generation reforms to save Nassau $120m in fuel costs
FOCOL Holdings’ top executive last night said its overhaul of New Providence’s baseload electricity generation could save consumers up to $120m annually in reduced fuel costs alone.
Gov’t plans to accelerate Grand Lucayan permits
The Grand Lucayan’s prospective purchaser was yesterday said to be “finalising” its development plans and brand/operating partners with the processes for obtaining the necessary permits to launch its $827m development set to begin imminently.
Epstein ‘interested’ in financing Long Island physics investment
The convicted paedophile and sex offender, Jeffrey Epstein, voiced “interest” in investing in the construction of physics-led science institute proposed for Long Island near the Stella Maris resort, it can be revealed.
FOCOL to launch 5MW GB Power solar within 30 days
BISX-listed FOCOL Holdings will begin supplying Grand Bahama Power Company (GBPC) with five mega watts (MW) of soalr power within the next 30 days, it was revealed last night.
Ex-minister: Corporate income tax 'inevitable' if PLP win the election
A former Cabinet minister yesterday asserted that the imposition of corporate income tax on all Bahamian businesses is “inevitable” if the Progressive Liberal Party (PLP) wins the upcoming general election.
Bahamas ‘in far darker place’ in unregulated medicine sale
The Bahamas is in “a far darker place than a decade ago” over the sale of unapproved and ‘grey market’ medicines, an ex-health minister asserted yesterday, adding: “The pirates are still here.”
Epstein advised: Bahamas ‘will welcome you with open arms’
The convicted paedophile and sex offender, Jeffrey Epstein, was advised that The Bahamas “will welcome you with open arms” amid a sustained effort to interest the now-deceased financier in acquiring private islands and high-end real estate.
Rahming confirms GB Power Company is ‘acquisition’
Misgivings were last night voiced about the Government’s planned purchase of Grand Bahama Power Company after it was confirmed that the Prime Minister was referring to an “acquisition” as opposed to just taking regulatory “control” over the energy monopoly.
Chamber chief: PM must layout ‘concrete plans’ for Grand Bahama
The Prime Minister must lay out “concrete plans” for the Grand Lucayan and Grand Bahama International Airport when he speaks to the island’s future today, with one private sector leader urging: “We need particulars we can sink our teeth into.”
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