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Fund ‘first’ targeting $100m in five years
A Bahamian investment bank yesterday unveiled ambitions to “make a massive difference” for the economy by growing the country’s ‘first-ever’ private equity fund to $100m within five years.
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Vendors voice cruise port fears despite rent waiver
Nassau Cruise Port yesterday said it had waived the first year’s rent for its marketplace tenants to help grow their businesses after several complained about the cost and lease terms they must sign up to.
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Food prices to ‘never return to pre-COVID’
The Retail Grocers Association’s president yesterday warned Bahamians that food prices will not return to pre-COVID levels and said: “The cost of operations is increasing all over the world.”
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Investor’s $2.2m San Sal hotel claim ‘unenforceable’
A US investor’s $2.239m claim against the family owners of a well-known San Salvador resort has been branded as “unenforceable” by a Supreme Court judge and rejected in its entirety.
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CFL summer soccer returns every Sunday
THE Capital Football Label (CFL) Summer Soccer Championships are back at the Roscow A L Davies soccer field every Sunday until August 20.
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BPL hikes ‘blow up’ Abaco living costs
Abaco business owners yesterday revealed their electricity costs more than doubled in just one month as Bahamas Power & Light’s (BPL) fuel cost recovery strategy consumes an ever-increasing share of corporate cash flows.
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Authentic Bahamian goods sales struggle
VENDORS at the Nassau Cruise Port have been having difficulty in promoting and selling authentically Bahamian products, it was asserted during a press conference held by the Trade Union Congress (TUC) yesterday.
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Musicians hit at ‘second class citizens’ treatment
Bahamian musicians yesterday argued that they remain unemployed while foreign entertainers are permitted by the Government to work at major New Providence resorts.
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Safety issues raised by US and local government officials concerning recreational watercraft
A NEW travel advisory has been issued by the United States warning over the lack of regulation of commercial water craft – and an FNM senator has called for action at Goodman’s Bay to ensure public safety.
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Lobster season fears over boat registration fee reform
Bahamian fishermen were yesterday “eagerly awaiting” promised revisions to the over “ten-fold” increases in annual boat registration fees amid fears the reforms will not take effect before lobster season’s August 1 start.
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Contractor chief: Stop Heads of Agreement ‘blank cheques’
The Bahamian Contractors Association’s (BCA) president yesterday demanded that the Government stop giving developers “a blank cheque” to bring in foreign contractors and workers amid the latest British Colonial/Pointe controversy.
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Opposition ‘to hammer’ Gov’t on BPL’s $110m
The Opposition’s leader has pledged to “continue to hammer” the Government over the accounting treatment it is using for the $110m loan advanced to Bahamas Power & Light (BPL) to pay off its fuel arrears.
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Soaring water demand squeezes bottle supply
Water suppliers yesterday said they are running out of one-gallon bottles as quickly as they restock since the extra hot summer means consumers are demanding “way more water”.
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Bahamas bank’s account seized over $58.5m ‘pig butcher’ scam
A Bahamian financial institution yesterday asserted it “has been proactively co-operating” with a US Secret Service probe that seized its bank account on the basis that $58.465m in fraud proceeds were laundered through it.
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Monitoring system blamed for man’s death on bail
RELATIVES of a man killed at a nightclub in Fox Hill believe he would be alive if the ankle bracelet system that monitors people on bail worked better.
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Deandre Ayton ‘thinking about’ playing for the national team
BAHAMIAN professional National Basketball Association (NBA) player Deandre Ayton remains undecided on his decision to play with Team Bahamas at the FIBA Olympic Pre-Qualifying tournament in Argentina.
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Fire Services camp could save a life
The Royal Bahamas Police Force Fire Services is holding its first summer programme under the theme ‘Creating Safer Communities by impacting our youth through Fire Prevention’.
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Abaco camp marks 50th year
The Abaco Youth Camp at Assemblies of God in the Bahamas including the Turks and Caicos, also known as Camp Abaco, is celebrating its 50th anniversary this year as the country celebrates its 50th year of independence.
