Deltec: We fight on for $20m despite asset freeze defeat
A Bahamian bank yesterday pledged it will not be deterred from pursuing $20m “unlawfully withheld” by a payments provider despite a Florida court rejecting its bid to freeze these assets.
Minister: ‘I did everything right’ on $267m hospital’s financing
A Cabinet minister yesterday revealed US government-backed institutions showed “no appetite” to finance the new $267m hospital while the UK offer emerged when the China deal was “95 percent done”.
GB Power outage woe branded ‘pretty brutal’
Grand Bahama Power Company is “definitely competing for weakest link” in the island’s economy at present with last week’s outages described by private sector executives as “brutal”.
Bahamas bank defendant in $28m unpaid US tax lawsuit
A Bahamian financial institution is a defendant in a lawsuit demanding that a “bankrupt” client return trust assets domiciled in this nation to settle almost $28m in unpaid US federal income taxes.
FTX Bahamas: $290m claims unpaid on KYC
FTX’s Bahamian subsidiary has yet to pay some $290m in previously-approved creditor claims because it has yet to be supplied with the necessary Know Your Customer (KYC) verification.
Super Value: Energy costs ‘out of hand’ in $200k spike
Super Value’s president is asserting that energy costs “seem out of hand” after the supermarket chain’s electricity bill increased by almost $200,000 in just two months.
Pintard blasts ‘off-books’ loans disguised as PPPs
The Opposition’s leader is voicing concern that multiple public-private partnerships (PPPs) agreed by the Davis administration are really “off-the-books” loans that further increase the $11.7bn national debt.
‘Nothing exotic’ on $373m one-year bond conversion
A Bahamian banker last night said there is “nothing exotic” about the Government seeking to refinance 59 percent of its $632.5m Bahamian dollar bonds due to mature this year as Treasury Bills.
Online marketplace alert after victim loses $60,000
The Consumer Protection Commission’s chairman is urging Bahamians to proceed with “extreme vigilance” when using online trade and barter marketplaces after one victim was scammed out of $60,000.
Hoffer Sport’s chief slams ‘false rumour’ of closure
Hoffer Sport’s chief executive last night slammed as a “false rumour” speculation that the retailer plans to close its Bay Street location.
Treasure Cay concern on project’s push-back
Treasure Cay homeowners and locals are still optimistic that the resort community’s revival will materialise while voicing concern that the potential developer continues to push the timeline back.
Dominican deal importing fruits now grown in Andros
The North Andros Chamber of Commerce president says the island’s farmers are “disappointed” the Government may agree a deal to mass import fruits from the Dominican Republic that they produce.
New GB enterprise hailed as ‘tech tourism at its best’
The Deputy Prime Minister has hailed the launch of a Grand Bahama-based mobile app and discount savings website as “smart business, smart tourism and tech tourism at its best”.
Bahamian’s bookings surged 45% on ‘illegal’ foreign charter’s arrest
A Bahamian charter operator, who played a key role in apprehending a foreign rival accused of operating illegally in this nation, yesterday revealed his bookings surged 45 percent after the arrest.
Treasure Cay buyer ‘holding off’ amid October target for permits
The potential buyer of Abaco’s Treasure Cay resort says it is “holding off” from starting any development work as it targets obtaining all necessary permits and approvals by October 2025.
